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
COMEX gold futures, per the April contract, settled higher by $2.40, or 0.2%, at $1,429.60 per ounce on Wednesday. Silver futures posted more substantial gains, with the May contract climbing $0.39, or 1.1%, to $36.05 per ounce. Other metals were mixed, with copper and palladium falling 2.9% and 0.7%, respectively, while platinum inched higher by [...]
Yet another policymaker in China has urged the nation to increase its gold purchases. Li Yining, a Peking University senior economist and a member of the Chinese People’s Political Consultative Committee, an advisory body to the national parliament, stated that ”China should increase its gold reserves appropriately, and China must take every chance to buy, especially when [...]
George Soros issued several words of caution as he provided his latest thoughts on the markets and global economy at the Traveller’s Club in Paris, France. Soros, the legendary investor who founded the Quantum Fund with Jim Rogers in the 1970s, spoke on global financial regulation sponsored by the French-American Foundation. When discussing the ongoing [...]
GOLD STOCKS NEWS – Gold stocks held steady Wednesday as the AMEX Gold Bugs Index (HUI) inched higher by 0.1% to 563.30 in morning trading. The mixed action in gold stocks came as the yellow metal hovered near $1,430 per ounce. Gold stocks got off to a rough start in 2011, with the HUI tumbling [...]
GOLD PRICE NEWS – The gold price rose $6.65 to $1,435.56 Wednesday morning as the price of gold climbed alongside the broader commodities complex. While the gold price modestly advanced, silver rallied $0.66 to $36.32 per ounce. Oil held firm as well, rising $0.48 to $105.50 per barrel. Today’s strength in the gold price follows [...]
Overseas markets in Asia and Europe were mixed on Wednesday, while U.S. equity market futures pointed to a flat opening on Wall Street. Precious metals held firm, with gold rising $8.30 to $1,435.50 and silver advancing $0.68 to $36.34 per ounce.
