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  • SPA Spanish Mountain Gold (SPA) launches Feasibility Study
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Archive for: June, 2010

From LeBron James to a $9.4B Gold Merger

GOLD NEWS - As gold has held near its all-time high of $1,265, one of the world’s most eccentric businessmen moved aggressively to bolster his gold investments. On a day when many expected Russian billionaire and new owner of the New Jersey Nets basketball team, Mikhail Prokhorov, to be busy crafting his pitch to free-agent-to-be [...]

Jun 30 2010 | Read More »

Gold Stock Movers (IVN, CGR, IAG, DGC)

GOLD STOCKS NEWS - Gold stocks rose Wednesday, as the Market Vectors Gold Miners ETF (GDX) climbed $0.42, or 0.8%, to $52.40 in mid-day trading. Following yesterday’s sell-off in gold stocks, the GDX rebounded alongside gold and the broader market. The Dow Jones Industrial Average (DJIA) was higher by a modest 30.01 points, or 0.3%, [...]

Jun 30 2010 | Read More »

Gold Stock Movers ( IVN, CGR, IAG, DGC)

GOLD STOCKS NEWS - Gold stocks rose Wednesday, as the Market Vectors Gold Miners ETF (GDX) climbed $0.42, or 0.8%, to $52.40 in mid-day trading. Following yesterday’s sell-off in gold stocks, the GDX rebounded alongside gold and the broader market. The Dow Jones Industrial Average (DJIA) was higher by a modest 30.01 points, or 0.3%, [...]

Jun 30 2010 | Read More »

Gold Price Eyes 11% Quarterly Gain

GOLD PRICE NEWS - The gold price, at $1,238 per ounce, traded marginally lower into the last day of the second quarter. The price of gold is up 2.1% in June, gaining 13.3% thus far in 2010. The most recent quarter has been a rough one for equity prices, which are set to fall by [...]

Jun 30 2010 | Read More »

Gold Price Shines as Debt Bubble Grows

GOLD PRICE NEWS - The gold price was a lone bright spot today in what was an ugly session on Wall Street. Amid broad-based liquidation in stocks and commodities, the gold price finished higher by $1.31 at $1,239.67 per ounce. The price of gold hit an intra-day low of $1,227 per ounce before rallying Tuesday [...]

Jun 29 2010 | Read More »

Gold Stock Movers (GFI, CSI, ABX, GG)

GOLD STOCKS NEWS - Gold stocks fell alongside the broader market Tuesday, as the Market Vectors Gold Miners ETF (GDX) was lower by $0.82, or 1.5%, at $52.58 in mid-day trading. While gold stocks dropped, the decline in the GDX was considerably smaller than most other market sub-sectors. The Dow Jones Industrial Average (DJIA) plunged [...]

Jun 29 2010 | Read More »

Gold Price Steady as Commodities Slide

GOLD PRICE NEWS - The gold price traded near unchanged at $1,237.50, as stocks and commodities came under pressure Tuesday morning. After tumbling $16 yesterday, the gold price was steady today against a backdrop of worries over a slowing Chinese and broader global economy. While COMEX gold futures were lower by $3.00, S&P 500 stock [...]

Jun 29 2010 | Read More »

Gold Price Plunges Below $1,240

GOLD PRICE NEWS - The gold price plunged $16.12 to $1,238.36 on Monday as strength in the U.S. dollar and profit-taking in precious metals pressured the price of gold. After the gold price rose to $1,263 this morning - within $2 of its all-time high, the price of gold quickly reversed to the downside, plunging [...]

Jun 28 2010 | Read More »

Gold Price Sinks, Pressures Gold Stocks

GOLD PRICE NEWS - After hitting a high of $1,262.80 per ounce early Monday, the gold price fell swiftly under $1,240 as investors and traders shed positions on U.S. dollar strength. A stronger U.S. dollar pressured the gold price, which fell after trading within $2.50 of its all-time high. Gold stocks dropped in mid-day trading [...]

Jun 28 2010 | Read More »

Gold Price Driven by Deflation Worries

GOLD PRICE NEWS - The gold price hovered near unchanged Monday morning, trading near $1,254 per ounce. The price of gold posted a record high last week of $1,265 per ounce amid renewed concerns that the global economic recovery was running out of steam. Deflation fears drove the gold price higher as weak housing data [...]

Jun 28 2010 | Read More »
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  • Gold Price Retreats, Silver Follows
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