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Archive for: January, 2010

Gold Price Rallies to $1,100 – Correction in Gold Over?

The gold price opened higher, rising $4.72 to $1,098.39, as asset prices across the globe, including the price of gold, rose on waning concerns over the reconfirmation of Federal Reserve Chairman Ben Bernanke. Gold suffered its largest decline last week in over a month - under pressure from the U.S. dollar’s strength relative to the [...]

Jan 25 2010 | Read More »

Sunridge Gold And Antofagasta Minerals Commence Drilling At Daero Paulos, Part Of The Asmara Project, Eritrea

Sunridge Gold Corp. (SGC/TSX.V) is pleased to announce that an initial 2,000 meter phase one drill program has commenced at Daero Paulos, a large new copper prospect on the Asmara Project, Eritrea. The Daero Paulos target is part of the exploration funding agreement with Antofagasta Minerals S.A. which was completed on October 2, 2009. Daero [...]

Jan 25 2010 | Read More »

Sunridge Gold And Antofagasta Minerals Commence Drilling At Daero Paulos, Part Of The Asmara Project, Eritrea

Jan 25 2010 | Read More »

Gold Price $133.90 Off High But Case for Gold Remains Strong

The gold price continued to weaken, falling 3.1% last week to $1,093.67, as the price of gold declined amidst a turbulent week in the financial markets. Suffering its worst two-day decline in over a month, the gold price dropped for the third straight day on Friday to close the week down by $37.54 per ounce. [...]

Jan 24 2010 | Read More »

Gold Price Falls to $1,094 as Gold Slides 3.3% on Week

The gold price continued to weaken, falling $2.94 to $1,093.67, as the worst week for financial markets since July of 2009 sent the price of gold lower. After suffering its worst two-day decline in over a month, the gold price dropped for the third straight day to close the week down by $37.54 per ounce. [...]

Jan 22 2010 | Read More »

Golden Star Announces Record Gold Mining Sales

The resurgence of gold mining company, Golden Star Resources (GSS), continues as the West-African gold miner announced gold sales for the full year 2009 and provided gold sales guidance for 2010. During a year that saw the gold price reach a new all-time high, the gold miner sold a record 409,902 ounces of gold - [...]

Jan 22 2010 | Read More »

Correction in Gold Price and Gold Stocks Intensifies

The gold price declined again, falling $4.61 to $1,091.30, as liquidation in the broader stock and commodity markets pressured the price of gold. The shares of gold mining companies were set to open lower once again - following yesterday’s bloodbath for the gold stocks, which tumbled 4.7% as measured by the Philadelphia Gold and Silver [...]

Jan 22 2010 | Read More »

testing

silver fest

Jan 22 2010 | Read More »

Gold Price Falls to $1,096 as Liquidation Pressures Gold

The gold price declined by $16.03 to $1,095.91 as the price of gold came under pressure from a rising U.S. dollar and broad-based liquidation of nearly all asset classes. The S&P 500 posted its worst two-day performance since August of 2009. After opening slightly lower, the gold price quickly accelerated to the downside and finished [...]

Jan 21 2010 | Read More »

Gold Price Breaks $1,100 as U.S. Dollar Rally Impedes Gold

The gold price fell by $17.20 to $1,094.73 as strength in the U.S. dollar provided headwind for the price of gold and gold mining stocks. The gold price, a day after suffering its worst decline in over a month, was also under pressure due to general liquidation across all asset classes. After opening higher, the [...]

Jan 21 2010 | Read More »
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