Mines Management (MGN) announces first quarter results
Extorre Gold Mines (XG) hits more high-grade gold at Cerro Moro
Spanish Mountain Gold (SPA) advances toward Feasibility Study
Crocodile Gold (CRK) reports first quarter results
Canaco Resources (CAN) delivers initial resource for Magambazi
Aurizon Mines (AZK) reports “excellent” results at Casa Berardi
GOLD PRICE NEWS – While talk of a gold price bubble has escalated as the price of gold has crossed the $1,300 level, the current level of bullish sentiment would suggest otherwise. Although bullish sentiment toward gold has increased as of late, it is still not at levels historically associated with intermediate-term tops in the [...]
The price of silver climbed above $22 per ounce for the first time since 1980 this morning, as gold’s sister precious metal benefits from the ongoing reflation trade. While gold has gotten most of the attention as of late, silver has posted gains far surpassing that of gold this year, surging 30.9%, versus a 19.4% [...]
GOLD STOCKS NEWS – Gold stocks opened mostly lower Wednesday with the Market Vectors Gold Miners ETF (GDX) falling $0.38 to $56.29 per share. The S&P/TSX Global Gold Index, the most closely followed basket of gold stocks in Canada, dipped 4.37 points to 403.02. The gold stocks sector has nonetheless posted significant gains in September [...]
With the gold price continuing to set new all-time highs, the talk of a bubble in the price of gold has intensified in recent weeks. The latest firm to weigh in on the discussion was Deutsche Bank, which stated in its quarterly commodities report that the gold price would have to rise to at least [...]
GOLD PRICE NEWS – The gold price posted yet another record high Wednesday morning, trading up to $1,313 per ounce. Gold prices have been given a boost from the recent plunge in the U.S. dollar, which has been under heavy pressure since the mid-August Federal Open Market Committee meeting. After widespread discussion about the demise [...]
GOLD PRICE NEWS – The spot gold price climbed to a new all-time high of $1,311 Tuesday as further weakness in the U.S. dollar fueled a rally in the yellow metal. With today’s gain the gold price extended its month-to-date and year-to-date gains to 3.8% and 18.4%, respectively. After opening lower, the price of gold [...]
GOLD MINING NEWS – Gold mining companies rallied Tuesday, with the AMEX Gold Bugs Index (HUI) climbing 9.97 points, or 2.0%, to 510.47 this afternoon. With today’s advance in the HUI, the composite of gold mining companies extended its month-to-date and 2010 gains to 6.0% and 18.7%, respectively, on the back of higher gold prices [...]
After falling as low as $1,279.70 in overnight trading, COMEX gold futures – per the December contract – turned higher this morning and settled up $9.70, or 0.8%, at $1,308.30 per ounce. Today’s settlement price was the latest all-time high for gold futures, which today benefited from a negative reversal in the U.S. dollar [...]
The U.S. dollar continues to crater on the back of worries that Chairman Bernanke and the U.S. Federal Reserve will launch a new quantitative easing campaign in order to prevent a double-dip recession. The ballooning of the Fed’s balance sheet to over $2 trillion that has occurred since the onset of the credit crisis has [...]
GOLD STOCKS NEWS – Gold stocks turned positive as gold hit a new record high above $1,305 per ounce Tuesday, with the Market Vectors Gold Miners ETF (GDX) climbing $0.80, or 1.4%, to $56.14 per share. The S&P/TSX Global Gold Index, a composite of gold stocks, advanced 6.62 points to 403.06 in mid-day trading. With [...]
