Spanish Mountain Gold (SPA) launches Feasibility Study
Klondex Mines (KDX) reports “very encouraging” results at Fire Creek
Canaco Resources’ (CAN) gold discovery keeps growing
Claude Resources (CGR) expands gold mineralization at Santoy Gap
Crocodile Gold (CRK) reports completion of Luxor Group bid
Premier Gold Mines (PG) expands presence in Red Lake District
The gold price and U.S. dollar have reversed course over the past month as better than expected economic data has supported the dollar and pressured the price of gold. The latest positive data point was this morning’s release of the weekly jobless claim figures. The figures showed that initial claims for state unemployment benefits declined [...]
Charging gold price manipulation, the Gold Anti-Trust Action Committee (GATA) filed suit against the U.S. Federal Reserve Board for suppressing the price of gold. GATA is seeking disclosure of the central bank’s records, specifically targeting disclosure of documents related to gold swaps - exchanges of gold with foreign banking institutions. Lawyers for the Gold Anti-Trust [...]
The gold price and gold mining stocks traded lower heading into the final hour of trading as a strong U.S. dollar continued to pressure the price of gold. Spot gold bullion was down $4.34 to $1,092.77 per ounce while the U.S. Dollar Index dollar rose 0.03 to 77.87 as investors bet on an economic recovery [...]
While the gold price broke back below $1,100 per ounce, two investment firms reiterated their positive views toward the price of gold as well as gold mining stocks. The decline in the gold price in December has occurred against the backdrop of a strengthening U.S. dollar. The Dollar Index pushed back through the 78 level [...]
The gold price and gold mining stocks have been two of the best performing asset classes over the past decade - a fact that attests to the declining confidence in global fiat currencies. As the gold price rose to $1,226.50 per ounce earlier this month, new forecasts of $1,500, $2,000 - even $6,300 per ounce [...]
The gold price, up 25.5% in 2009, has underperformed the oil price, higher by 76.6% this year, as the price of gold lagged versus cyclical commodities. As a general rule, the riskier the asset class, the better it performed in 2009. This fact is in stark contrast to 2008 amidst the turmoil wrought by the [...]
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 28, 2009) – Sunridge Gold Corp. (TSX VENTURE:SGC) (‘Sunridge’) believes that the sanctions imposed on the State of Eritrea on December 23, 2009 by the United Nations Security Council will have no affect on the Company’s activities in the country. The Company is planning a significant 2010 exploration and drilling [...]
The gold price held near $1,100 per ounce, closing up $2.08 to $1,107.78 per ounce as the U.S. dollar traded marginally lower to open the holiday-shortened trading week. A higher gold price could not spark a rally in the gold mining stocks, as the Market Vectors Gold Mining ETF (GDX), declined $0.09, or 0.19%, to [...]
As the gold price holds above $1,100 per ounce, a battle is brewing in the gold sector as two of the largest gold miners in the world seek further leverage to the rising gold price. The takeover fight between Canadian-based Goldcorp (GG), and Minera Penmont, a joint venture between Fresnillio PLC and Newmont Mining (NEM), [...]
