Premier Gold Mines (PG) expands management team
Fortuna Silver Mines (FVI) expands presence in Mexico
Aurizon Mines’ (AZK) Board unanimously recommends rejecting Alamos offer
Claude Resources (CGR) expands gold resources and grade at Santoy Gap
Mines Management (MGN) reports “significant progress” in third quarter
Crocodile Gold (CRK) reports 35% production growth
SILVER PRICE NEWS – The silver price rallied Wednesday morning to as high as $34.975 per ounce amid further weakness in the U.S. dollar. However, following the release of the Fed’s Beige Book, the silver price relinquished its gains. This afternoon the price of silver traded lower by $0.06 at $34.37 per ounce. The iShares [...]
COMEX gold futures, per the April contract, finished higher by $6.50, or 0.5%, at $1,437.70 per ounce on Wednesday. Not only was this a new record high on a closing basis, but gold futures also reached a new all-time high of $1,441.00 per ounce. Today’s rally in gold came as the U.S. dollar weakened against [...]
The latest Fed Beige Book reported that “economic activity continued to expand at a modest to moderate pace” in January and early February. The Beige Book, which is comprised of economic reports collected by each Federal Reserve Bank in their respective district, included the following highlights: “All Districts, except St. Louis, experienced solid growth in manufacturing [...]
“What if they gave a party and no one came?” That’s the question Mark Hulbert posed in his latest analysis of gold sentiment. Despite the fact that gold hit a new all-time high of $1,440 per ounce this morning, the latest reading of the Hulbert Gold Newsletter Sentiment Index (HGNSI) – which measures market timers’ recommended [...]
With gold climbing to fresh all-time highs, merger and acquisition activity in the sector has been heating up. And as one might expect, the “price tags” for junior gold mining companies are on the rise, according to Boyd Erman of The Globe and Mail: “It’s an interesting trend, given that bankers say that acquirers are [...]
Commenting on gold’s recent movements and where it is likely headed, J.P.Morgan Cazenove’s Murray Morrison wrote in a note to clients that: “Gold rallied by nearly $20 yesterday, breaking above three-month old resistance to trade at a new all-time high. The metal remains in its well-supported uptrend and resistance at $1415 has become near-term support. [...]
GOLD PRICE NEWS – The gold price spiked higher Wednesday morning after Warren Buffet told CNBC that “paper money is not a good bet.” The price of gold traded to yet another all-time high, touching $1,436.80 per ounce. Buffet warned that inflation is a looming threat and there are serious to consequence to the Fed [...]
Gold traded slightly off the $1,435 record high posted yesterday while oil oscillated around the $100 per barrel level. Heightened geopolitical uncertainty continues to bolster investment demand for precious metals, which have surged in recent days. Silver prices hit fresh 31-year highs overnight at $34.80 per ounce. Stock prices across the globe tumbled overseas on [...]
