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 up $10.40, or 0.7%, at $1,438.00 per ounce on Wednesday amid ongoing tensions in the Middle East and North Africa. With the rally, gold futures finished at a new all-time high on a closing basis, above the $1,437.70 level they settled at on March 2. However, the [...]
Gold equities surged on Wednesday, with the AMEX Gold Bugs Index (HUI) climbing as much as 14.55 points, or 2.6%, to 567.19 in mid-day trading. In doing so, gold equities rallied the most since a 2.5% rise on February 3, seven weeks ago. With today’s gain, the HUI returned to positive territory for the month [...]
SILVER PRICE NEWS – The silver price climbed to yet another new 31-year high on Wednesday, reaching $36.885 per ounce in late morning trading. Today’s silver price advance came amid a rally in precious metals and the broader commodities complex, as well as in spite of a stronger U.S. dollar. The silver price’s prior 31-year high [...]
Gold may reach $5,000 per ounce in the next 3-4 years as the yellow metal remains in the midst of a “super cycle” that could last until 2015, according to Rob McEwen. Mr. McEwen – Chairman and CEO of US Gold (UXG) and Minera Andes (MAI.TSX), and the founder of Goldcorp (GG) – made his [...]
Oil held firm above $105 per barrel Wednesday morning after a bus exploded in a Jewish neighborhood of downtown Jerusalem, Israel. Several ambulances converged on the area near the central bus station and a city conference hall, according to Reuters, which cited Israeli TV and radio. Israel’s national rescue service stated that no deaths have been [...]
GOLD PRICE NEWS – The gold price climbed $5.80 to $1,433.50 per ounce Wednesday morning, rising as oil traded through $105 per barrel. Inflation expectations continue to rise, prompting investors to shift a greater portion of their portfolios into hard assets such as gold, oil, and other commodities. The price of gold has risen 1.6% [...]
Gold continues to march toward a new record high as the yellow metal rose $6.30 to $1,434 per ounce Wednesday morning. The all-time high of $1,445 per ounce is a mere 1% away and with the U.S. dollar trading near 52-week lows as measured by a basket of America’s trading partners, a number of analysts [...]
