Spanish Mountain Gold (SPA) launches Feasibility Study
Klondex Mines (KDX) reports “very encouraging” results at Fire Creek
Canaco Resources’ (CAN) gold discovery keeps growing
Claude Resources (CGR) expands gold mineralization at Santoy Gap
Crocodile Gold (CRK) reports completion of Luxor Group bid
Premier Gold Mines (PG) expands presence in Red Lake District
Gold futures declined Monday as a rally in the U.S dollar pressured commodities and the broader financial markets. COMEX gold for December 2011 delivery – the most actively-traded contract – fell $22.00, or 1.3%, to finish at $1,725.20 per ounce. With the loss, the yellow metal finished the month of October with a 6.3% gain. [...]
Gold sentiment has begun to climb over the past week from a “very bearish extreme,” according to Macquarie Equities Research analyst Stephen Harris. In a note to clients on Monday, Harris higlighted the Ned Davis Research (NDR) Daily Gold Sentiment Composite, which fell to 7.1 on October 14 – its lowest level since at least [...]
Gold shares opened the week lower on Monday as a sell-off in COMEX gold futures combined with negative commentary on several of the world’s largest gold miners to pressure the sector. The AMEX Gold Bugs Index (HUI) fell1.6% to 573.17 in morning trading. COMEX gold futures slid $22.00, or 1.3%, to $1,725.20 per ounce amid [...]
Premier Gold Mines (PG.TSX) reported the completion of a previously announced bought deal public offering for aggregate net proceeds of approximately C$31.65 million. The offering was comprised of 2 million common shares at C$5.50 per share and 3.45 million flow-through common shares at C$6.50 per Flow-Through Share. The transaction was completed through a syndicate of [...]
GOLD PRICE NEWS – The gold price declined Monday morning as global financial markets shifted from “risk on” to “risk off.” The price of gold fell $21.80 to $1,722 per ounce, sinking alongside both stocks and commodities. S&P 500 stock futures fell 15.70 to 1265.20 while oil and copper fell 1.5% and 3.2%, respectively. Gold’s [...]
Gold and silver futures ended a banner week on relatively quiet notes on Friday as financial markets digested yesterday’s euro zone agreement plan. COMEX gold futures – per the December 2011 contract – settled lower by $0.50, or 0.03%, at $1,747.20 per ounce. For the week, however, the yellow metal climbed 6.8%, marking one of [...]
The world’s largest and most valuable gold coin was unveiled by the Perth Mint in Australia this week. The coin measures nearly 80 centimeters wide and over 12 centimenters thick, and is considered legal tender in Australia. Weighing in at 1 metric ton (1,000 kilograms), it surpassed the previously largest coin by a factor of [...]
One of the world’s leading experts on sovereign debt crises sounded none too pleased with the euro zone’s new bailout plan announced yesterday. Kenneth Rogoff – a Harvard economics professor, former chief economist at the International Monetary Fund, and author of This Time is Different – stated that the plan “feels at its root to [...]
Gold shares climbed Friday, with the AMEX Gold Bugs Index (HUI) rising 2.3% to 581.06 in morning trading. The sector moved higher despite a tepid move in COMEX gold futures, which held near unchanged at $1,746.20 per ounce following yesterday’s rally. With today’s advance, the HUI – comprised of many of the world’s largest gold [...]
GOLD PRICE NEWS – The gold price gave back a portion of yesterday’s gains on Friday morning, falling $7.89, or 0.5%, to $1,736.97 per ounce. The modest weakness in the gold price coincided with a firmer U.S. dollar, which advanced 0.2% against a basket of foreign currencies. Silver dipped alongside the price of gold, by [...]
