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
COMEX metals futures settled higher across the board on the last day of 2010, to wrap up a record-setting year for many members of the commodities complex. Copper climbed to another new all-time high, while gold futures advanced to within 0.7% their record high. The following figures show today’s gains, along with year-to-date returns, for [...]
Shares of most gold companies moved higher Friday, as the AMEX Gold Bugs Index (HUI) advanced 6.09 points, or 1.1%, to 574.25. The HUI’s rise came as gold bullion climbed $13.44, or 1.0%, to $1,418.20 per ounce, on the back of the weaker U.S. dollar. The S&P/TSX Global Gold Index, a composite of gold stocks [...]
SILVER PRICE NEWS – The silver price continued its advance Friday morning, rising toward the $31 per ounce level for the first time since 1980. Since September 21 of this year, when the price of silver first passed its previous 30-year high of $20.92 (from March 17, 2008), gold’s sister precious metal has surged 47%. [...]
Jim Walker, founder and CEO of Asianomics, provided a very bearish economic outlook for 2011 that included further gains for gold, the resignation of Fed Chairman Ben Bernanke, and the end of the euro “in its current form.” “We’re advising people to be long gold, I think that continues to go up, certainly through the [...]
The Dynamic Gold & Precious Metals Fund was named the top performing mutual fund of any kind for 2010 by Morningstar, as it posted a 71.3% annual return. The fund invests in small-, mid-, and large-cap precious metals companies, with a particular focus on gold. Notable top 10 holdings in the fund, as of September [...]
GOLD PRICE NEWS – The gold price gained $7.50 Friday morning, rising to $1,412.25 per ounce. As has been the case for most of the year, a weak U.S. dollar is helping to boost the price of gold – as well as the bulk of the commodity complex. While the gold price advanced, silver held [...]
Heading into the last day of 2010, the price of gold rallied $8.50 to $1,413.20 per ounce while silver gained $0.15 to $30.66 per ounce. Precious metals received a boost from the weaker U.S. dollar, which fell for the third day in a row versus the euro. Copper made a new all-time high for the [...]
Gold has recaptured the $1,400 per ounce level, after falling from its $1,432.50 record high to as low as $1,370 in early December. While gold now stands within 1.9% of its all-time high, gold sentiment has not rebounded alongside the metal. The latest Market Vane Bullish Consensus reading on gold came in at 77%, the [...]
Precious metals futures settled lower on the COMEX Thursday, as silver and gold were unable to rise in spite of the weaker U.S. dollar. March silver fell $0.19, or 0.6%, to $30.50 per ounce, while February gold declined $7.60, or 0.5%, to $1,405.90 per ounce. Copper climbed to another new all-time high, with the March [...]
Shares of most gold companies were lower in afternoon trading Thursday, with the AMEX Gold Bugs Index (HUI) down by 5.47 points, or 1.0%, at 567.26. The S&P/TSX Global Gold Index, a basket of gold stocks traded in Canada, fell by 3.92 points, or 0.9%, to 417.52. The gold sector’s weakness came as the yellow [...]
