Mines Management (MGN) announces first quarter results
Extorre Gold Mines (XG) hits more high-grade gold at Cerro Moro
Spanish Mountain Gold (SPA) advances toward Feasibility Study
Crocodile Gold (CRK) reports first quarter results
Canaco Resources (CAN) delivers initial resource for Magambazi
Aurizon Mines (AZK) reports “excellent” results at Casa Berardi
GOLD STOCKS NEWS – Gold stocks rallied Friday afternoon as gold bullion climbed to a new all-time high near $1,570 per ounce. The Market Vectors Gold Miners ETF (GDX), a basket of the world’s largest gold stocks, jumped $1.09, or 1.8%, to $62.37 per share. The S&P/TSX Global Gold Index, Canada’s leading composite of gold [...]
Gold futures surged higher Friday afternoon, as the COMEX June contract reached a new record high of $1,560.40 per ounce. The yellow metal posted modest gains this morning, but subsequently spiked to its new all-time high in mid-day trading. The rally in gold was not accompanied by further weakness in the U.S. dollar, however, as [...]
With Fed Chairman Ben Bernanke’s first-ever post-FOMC press conference making headlines around the world this week, an entertaining parody of his remarks has surfaced. Entitled “Federal Reserve for Dummies,” the video contains a considerable amount of criticism on the Fed and Bernanke, as discussed by the “Anti-Bernank,” a crash test dummy. The concept is a [...]
The broader U.S. equity markets held steady on Friday following a bevy of data on the macroeconomic landscape. The Dow Jones Industrial Average (DJIA) climbed 31.94 points to 12,795.25, while the S&P 500 inched higher by 0.11 points to 1,360.59. Both indices are trading near their highest levels since May 2008, as the Federal Reserve’s [...]
Alacer Gold (ASR.TSX) announced first quarter 2011 operating results at its four mines in Australia and Turkey. The company was created out of a merger of equals between Anatolia Minerals and Avoca Resources that was completed on February 18, 2011. This new intermediate gold producer controls a portfolio of large, long-lived operating mines, has strong [...]
The gold price surged to a new record high Friday morning, touching $1,541 per ounce before settling back at $1,538. Strength in the price of gold continues to be driven by the sinking U.S. dollar, which fell against the euro, pound, and Canadian dollar this morning. Silver followed the gold price higher, rising nearly 1% to $48.80 per ounce.
Precious metals continued to rise Friday morning, with gold futures reaching a new all-time high of $1,541 per ounce and silver rallying $0.41 to $48.88 per ounce. The strength in gold and silver was fueled by a further decline in the U.S. Dollar Index (DXY), which hit its lowest level since July 2008. U.S. equity [...]
