The latest Bloomberg gold sentiment survey revealed that traders remain mixed on the short-term prospects for the price of the yellow metal. 13 of 26 respondents stated they expect gold to rise next week, 8 predicted it will decline, and 5 were neutral.
Last week’s survey results consisted of 53% of traders bullish on gold.
Bloomberg’s weekly gold survey, which began seven years ago, has correctly predicted the direction of gold prices in 218 of 377 weeks, or 58% of the time.
Colossus Minerals Appoints Two New Directors to Board
Colossus Minerals (CSI.TSX) announced the appointments of Mr. Antenor F. Silva Jr. and Mr. Mel Leiderman to its Board of Directors. The Canadian-based gold company reported that the appointments were effective on August 1, 2011 and as a result the Company's Board of Directors now consists of eight board members. Full Colossus Minerals News Release.
HIGHLIGHTS:
- Mr. Silva is currently the President and CEO of MBAC Fertilizer Corp., a producer of phosphate and potassium fertilizers in Brazil. He has approximately 40 years of experience in the mining and chemical industries, and has provided technical consultation and training in development, construction, start-up, operation, strategic planning and productivity for various mining, hydropower and industrial companies.
- Mr. Silva has served as a Director of Yamana Gold Inc. since July 2003. He previously served as Chief Operating Officer from July 2003 to May 2007 and as President from May 2007 until his retirement from such position in September 2009.
- Mr. Leiderman is the managing partner of the Toronto accounting firm Lipton LLP, Chartered Accountants. He has over 30 years experience specializing in assurance and advisory services, financing, tax, estate and strategic planning for corporations and partnerships.
- Mr. Liederman has served as an independent director of Agnico-Eagle Mines Limited since January 2003, has been a member of the Audit Committee since January 2003, and served as Chair of the Audit Committee from May 2005 to April 2011.
COLOSSUS VS. S&P 500, XAU
ARI SUSSMAN, CHAIRMAN OF THE BOARD:
“We are delighted to welcome Antenor and Mel to our Board. Their respective experience and skillset further strengthens and complements that of our existing team and will be valuable as we advance the Serra Pelada gold-platinum-palladium project to production."
INTERACTIVE CSI CHART
upgrade Flash Player