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
Premier Gold Mines (PG.TSX) provided an exploration update for the Company’s 100% owned Trans-Canada Project in Northwestern Ontario. The emerging gold Company also announced that it has retained the services of JDS Energy & Mining Inc. to complete a Preliminary Economic Assessment (PEA) on the Project. The PEA will consider several possible options available to [...]
GOLD PRICE NEWS – The gold price held firm near $1,620 per ounce Thursday morning despite encouraging economic news in the U.S. and Europe. While the price of gold stabilized, silver rallied $0.31, or 1.0%, to $30.27 per ounce. U.S. equity markets looked to open substantially higher, with S&P 500 futures up 15.00 points, or [...]
Gold and silver futures extended their losses Wednesday afternoon amid broad-based weakness in the commodities complex and a modest rally in the U.S. dollar. COMEX gold futures for December 2011 delivery settled lower by $34.40, or 2.1%, at $1,618.10 per ounce. In electronic trading, gold futures later tumbled to an intra-day low of $1,600.50 per [...]
Kansas City Fed President Thomas Hoenig was the latest U.S. central banker to criticize the monetary policies spearheaded by Fed Chairman Ben Bernanke. In a speech on Wednesday, Hoenig stated that “When you encourage consumption by inhibiting your interest rates from rising to their equilibrium level, you will in fact buy problems, and we have [...]
GOLD STOCKS NEWS – Gold stocks fell Wednesday alongside the yellow metal, as the Market Vectors Gold Miners ETF (GDX) retreated $0.56, or 1.0%, to $56.51 per share in early afternoon trading. Weakness in gold stocks and the GDX was accompanied by a modest dip in the price of gold, which slid $9.97, or 0.6%, [...]
Despite gold’s rebound over the past two days, the yellow metal remains in consolidation mode, according to UBS precious metals strategist Edel Tully. In a note to clients, Tully wrote that “The panic displayed over the past few days has dissipated to a great extent, though there certainly hasn’t been a stampede back into gold. [...]
GOLD PRICE NEWS – The gold price hovered near unchanged Wednesday, changing hands at $1,647 per ounce. Gold prices held firm following the news that orders for capital goods rose in August at the largest pace in three months – giving investors hope that a double-dip recession could be avoided. S&P 500 stock futures rose [...]
Gold futures climbed on Tuesday, by $57.70, or 3.6%, to $1,652.50 per ounce amid a broad-based rally in dollar-denominated asset classes. In doing so, COMEX gold for December 2011 delivery snapped a four-session losing streak that saw gold futures drop over $150 per ounce. Silver performed even better than gold today, as the COMEX December [...]
Dallas Fed President Richard Fisher is clearly not a fan of Ben Bernanke’s latest monetary policies. At the Council of Foreign Relations on Tuesday, Fisher stated that “The monetary accommodation we have thus far implemented has failed to deliver. There is significant risk that the policies recently undertaken by the FOMC (Federal Open Market Committee) [...]
Gold and silver shares posted strong gains alongside precious metals on Tuesday, with the Philadelphia Gold & Silver Index (XAU) rising 4.40 points, or 2.3%, to 197.08 in mid-day trading. Among gold producers, Barrick Gold (ABX) and Randgold Resources (GOLD) were two of the top performers. ABX climbed 2.0% to $48.33 per share and GOLD [...]
