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 gold futures, per the newly most active April contract, settled lower by $7.20, or 0.5%, at $1,334.50 per ounce. The sell-off in gold futures came alongside further weakness in the U.S. Dollar Index, which was lower by 0.4% at 77.82 in afternoon trading. The yellow metal and greenback have displayed a higher correlation in [...]
GOLD PRICE NEWS – The gold price slipped Monday afternoon, falling $3.30 to $1,333.20 per ounce. After posting its best day in 2011 last Friday amid rising tensions in Egypt, the gold price fell victim to renewed selling pressure to open the new week. The U.S. dollar fell alongside the price of gold, declining against [...]
Federal Reserve Chairman Ben Bernanke is “a coward hiding behind mathematical formulas,” and the Fed’s monetary policies amount to theft, according to Michael “Mish” Shedlock. The long-time gold bull, Fed critic, and author of Mish’s Global Economic Trend Analysis, presented his latest case against the U.S. central bank by reiterating his view that the Federal [...]
Silver has diverged from gold in late morning trading, climbing $0.17, or 0.6%, to $28.09 per ounce. Meanwhile, the yellow metal has remained lower by 0.7% near $1,330 per ounce. Shares of gold and silver companies are mixed, with the Philadelphia Gold & Silver Index (XAU) dipping 0.2% to 199.36. Notable decliners included Kinross Gold [...]
Xia Bin, an adviser to the People’s Bank of China (PBOC), stated that now is an “appropriate time” for China to add to its gold reserves, according to a report by Economic Information Daily. Xia contended that “related departments” of the PBOC should implement a “buy in the dip” strategy over a very long period [...]
GOLD PRICE NEWS – The gold price slid $9.75 to $1,327 per ounce Monday morning. The trading desk at BNP Paribas attributed the weakness in the price of gold to selling out of China. “The Chinese have been solid sellers all morning as they look to fund their positions ahead of the Chinese New Yr [...]
Gold slid $4.75 to $1,332 per ounce this morning despite the continuation of protests in Egypt. The U.S. dollar weakened against the euro, giving a boost to oil and copper prices. Gold, however, could not hold all of Friday’s $23 rally as investors shed long gold futures positions on the COMEX. S&P 500 stock futures [...]
Gold futures, per the February contract on the COMEX, climbed $22.30 to settle at $1,340.70 per ounce. The 1.7% rise in gold futures was its largest single-day gain since November 4, and reduced the yellow metal’s weekly loss to just $0.30. The rally in gold futures was fueled by the worse than expected fourth quarter [...]
President Obama’s State of the Union (SOTU) speech from earlier this week is eerily reminiscent of comments from former U.S. President Herbert Hoover in the early 1930s, according to a report by David Rosenberg. Rosenberg, the Chief Economist & Strategist at Gluskin Sheff and a long-time gold bull, included a list from a colleague comparing [...]
Violence and political turmoil in Egypt has fueled a spike in the price of oil, which was higher by $3.62, or 4.2%, at $89.26 per barrel Friday in early afternoon trading. The Egyptian police have cut communication access to thwart the protest, as citizens and various media personnel have used Twitter and Facebook, among other [...]
