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
In the latest edition of Barron’s “They Said What?” column, the financial publication included three gold predictions from two prominent hedge fund managers and one market strategist. John Hathaway, Manager of the Tocqueville Gold Fund, stated that “The high level of interest we see in gold is evidence…there will be overt monetary debasement until the [...]
Gold futures for April delivery on the COMEX settled higher by $0.60 at $1,409.90 on Monday. The yellow metal reached an intra-day high of $1,417 in overnight trading, but pared its gains this afternoon. COMEX silver futures rallied to yet another new 31-year high, on a closing basis, up $0.90, or 2.8%, to $33.82 per [...]
Egypt announced a ban on gold exports “in light of the exceptional circumstances the country is passing through …to preserve the country’s wealth until the situation stabilises,” according to the nation’s official news agency MENA. Not surprisingly, there was no ban on the exporting of fiat currencies, nor any mention that money that can be [...]
Coeur d’Alene Mines (CDE) surged as much as $3.80, or 13.7%, to $31.45 per share on Monday after the Idaho-based silver and gold producer reported strong 2010 earnings and its 2011 production outlook. The silver and gold mining company announced adjusted earnings of $34.3 million, or $0.39 per share, for the full year 2010. Gold [...]
Federal Reserve Bank of New York President, William Dudley, reiterated his very dovish view of monetary policy in a speech this morning at New York University. Although the economy is “finally showing more signs of life,” according to Dudley, there needs to be “sustained strong employment growth in order to be certain that this virtuous circle [...]
GOLD STOCKS NEWS – Gold stocks looked to open higher Monday, as the Market Vectors Gold Miners ETF (GDX) climbed 0.5% to $59.26 in premarket activity. The advance in gold stocks and the GDX came as gold bullion rose $3.18 to $1,411.50 per ounce. The S&P/TSX Global Gold Index, Canada’s leading gold stocks composite, looked [...]
GOLD PRICE NEWS – The gold price rose $4.95 to $1,413.27 Monday as the price of gold was buoyed by a weaker U.S. dollar. Following four straight weeks of gains, the gold price has its sights set on reaching a new all-time record high amid continuing turmoil in Africa and the Middle East. While the [...]
U.S. equity markets looked to open higher Monday morning, with S&P 500 futures advancing 6.75 points to 1,325.50. The rally was fueled by gains in European and Asian markets, as well as a $0.45 drop to $97.43 in the price of oil. Gold futures rose $6.20 to $1,415.50 per ounce, boosted by a 0.6% decline to [...]
GOLD PRICE NEWS – The gold price climbed $4.85 to $1,413.17 Sunday evening as the price of gold continued to march higher. The gold price added $5.76 to $1,408.32 on Friday to post its fourth consecutive weekly advance. The rebound in the gold price has taken the yellow metal to within 1% of its $1,432.50 all-time record high [...]
Gold and silver shares maintained their gains Friday afternoon, as the Philadelphia Gold & Silver Index (XAU) rallied by 1.8% at 212.14. With today’s advance, the XAU, a composite of the world’s largest precious metals companies, cut its weekly loss to 0.1%. For the month of February, the XAU is now higher by 6.1%. Notable [...]
