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Archive for: August, 2010

$1,550 Gold Price in 2011?

GOLD PRICE NEWS - The gold price rose $12.13 to $1,249.13 Tuesday as the spot price of gold climbed to within 1.25% of its $1,265 all-time high. As the day wore on, the gold price steadily appreciated, rising following a mixed bag of economic reports. The SPDR Gold Trust (GLD), the most liquid gold price [...]

Aug 31 2010 | Read More »

Gold Price Shakes Off Wall Street Malaise

GOLD PRICE NEWS - The gold price traded near unchanged, just under $1,238 per ounce, heading into the last day of August. The price of gold is poised to post its largest monthly gain since April. The gold price has appreciated 4.7% in what has been a tumultuous month for financial markets. Stock prices, as [...]

Aug 31 2010 | Read More »

Silver Price Eases, Fortuna Makes New Silver Discovery

CIBC remains bullish

SILVER PRICE NEWS – The silver price traded slightly lower in the morning session, but well off its earlier lows with the iShares Silver Trust ETF (SLV), a unit trust which holds physical silver, easing $0.04 to $18.66 per share. Silver stocks were also trading in negative territory with the PHLX Gold & Silver Index [...]

Aug 30 2010 | Read More »

Gold Stocks (GDX) Mixed, Aurizon Surges 7.2%

GOLD STOCKS NEWS - Gold stocks were mixed Monday, with the Market Vectors Gold Miners ETF (GDX) lower by $0.06 at $53.28 in morning trading. The S&P/TSX Global Gold Index, a basket of gold stocks traded in Canada, fell by 2.06 points to 392.48. With today’s slight retreat in gold stocks, year-to-date gains of the [...]

Aug 30 2010 | Read More »

Gold Stocks (GDX) Mixed, Aurizon Surges 7.2%

GOLD STOCKS NEWS - Gold stocks were mixed Monday, with the Market Vectors Gold Miners ETF (GDX) lower by $0.06 at $53.28 in morning trading. The S&P/TSX Global Gold Index, a basket of gold stocks traded in Canada, fell by 2.06 points to 392.48. With today’s slight retreat in gold stocks, year-to-date gains of the [...]

Aug 30 2010 | Read More »

Gold ETFs (GLD) Dip, Dorato Shows 90% Gold Recovery

GLD AND GOLD ETFS NEWS - Gold ETFs dipped Monday, as the SPDR Gold Trust (GLD) was lower by $0.30 at $120.71 in morning trading. With today’s modest retreat in the GLD, the largest gold ETF cut its monthly and year-to-date gains to 4.5% and 12.5%, respectively. Shares of gold companies were mixed amid the [...]

Aug 30 2010 | Read More »

Gold Price Holds Near $1,236

GOLD PRICE NEWS – The gold price held steady near $1,236 Monday morning as the price of gold and euro/U.S. dollar currency cross showed little movement from last week’s closing levels. The SPDR Gold Trust (GLD), which acts as a proxy for the gold price, was lower by $0.11 at $120.90 ahead of the U.S. [...]

Aug 30 2010 | Read More »

Gold Price Rises 4.8% in August

GOLD PRICE NEWS - The gold price held firm to end the week, closing at $1,238 per ounce. Following two key economic reports and commentary from Fed Chairman Bernanke, the price of gold managed to maintain its strong gains this month amid an upside reversal in the stock market. After sliding earlier in the day, [...]

Aug 29 2010 | Read More »

Gold Price Hovers Near $1,240

GOLD PRICE NEWS - The gold price held steady near $1,240 per ounce following a downward revision to second quarter gross domestic product that was not as severe as market expectations. After initially declining following the release, the gold price bounced back as investors began to focus on the still tepid economic recovery. The economy [...]

Aug 27 2010 | Read More »

Gold Stocks (GDX) Rise, Dorato Hits at Taricori

GOLD STOCKS NEWS - Gold stocks opened mixed Thursday, with the Market Vectors Gold Miners ETF (GDX) rising $0.42 to $52.42 per share. The S&P/TSX Global Gold Index, which tracks a basket of gold stocks traded in Canada, was higher by 0.5% at 387.74. With this morning’s slight rise in gold stocks, the GDX and [...]

Aug 26 2010 | Read More »
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