Premier Gold Mines (PG) strikes again at Rahill-Bonanza
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
The release of the Fed minutes this afternoon revealed a growing divide among Chairman Ben Bernanke and his fellow U.S. central bankers over the proper course of monetary policy. The Fed minutes – a recap of the Federal Open Market Committee (FOMC) meeting – showed that at the most recent August 9th meeting, several members [...]
A recession for the world’s “developed economy,” which includes the United States and euro zone, may lie ahead, according to Bill Gross. In his monthly investment outlook, the founder and co-CIO of PIMCO shared his dire economic forecast for the world’s developed nations. Gross’ predictions were based in large part on the escalating sovereign debt [...]
Premier Gold Mines (PG.TSX) announced that Paul Andre Huet has been appointed the Company’s new Chief Operating Officer. Mr. Huet will lead the advancement of Premier Gold’s key properties within Ontario and Nevada such that they progress through economic evaluation and potential development in an appropriate and timely manner. With a strong history in US-based [...]
GOLD STOCKS NEWS – Gold stocks advanced Tuesday as the Market Vectors Gold Miners ETF (GDX) climbed 1.0% to $62.57 per share. The rally in gold stocks and the GDX was fueled by a rebound in gold futures, which surged $40.50 to $1,832.10 per ounce following yesterday’s sell-off. Canada’s leading gold stocks composite, the S&P/TSX [...]
Alacer Gold (ASR.TSX) announced ongoing results from the 2011 drilling program at its Higginsville and South Kalgoorlie Gold Operations in Australia. The Company noted that it is investing in exploration to support its strategy of having multiple mines providing ore to two treatment hubs in this prolific region. Success over recent months includes the discovery [...]
In light of last week’s plunge and subsequent rebound in gold, UBS wrote in a note to clients that “the mood among gold investors appears to be to buy the dip rather than chase the market, which is understandable given last week’s volatility.” The firm went on to say that the “violent sell-off hasn’t done [...]
GOLD PRICE NEWS – The gold price climbed 2.4% Tuesday to $1,832 per ounce on the back of expectations that the weakening economy would prompt the Federal Reserve to initiate more monetary stimulus. After trading as low as $1,783 early Tuesday, the price of gold soared following a CNBC interview with Chicago Fed President Charles [...]
Gold futures began the week on a sour note as risk aversion subsided on Wall Street. COMEX gold futures, per the December contract, settled lower by $6.80, or 0.4%, at $1,790.60 per ounce. Gold futures opened near $1,841.50 Sunday evening, but tumbled to as low as $1,781.20 Monday morning as liquidation engulfed the yellow metal. [...]
Alacer Gold (ASR.TSX) announced an updated Mineral Resource estimate for its Higginsville Gold Operations in Australia. The Measured and Indicated Resource has increased by 10% to 1.33 million ounces (inclusive of reserves). The gold mining company reported that exploration continues to successfully replace the ounces mined the ounces mined with the Higginsville Measured and Indicated [...]
Jim Rogers is backing Ron Paul for President of the United States in 2012. In a television interview this past weekend, the legendary investor voiced his support for the congressman from Texas. “In this election if Ron Paul gets anywhere near the nomination I would certainly support him,” Rogers stated. “He is the only one [...]
