Premier Gold Mines’ (PG) subsidiary adds to royalty portfolio
Fortuna Silver Mines’ (FVI) hits more high-grade silver at Caylloma
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
Gold futures began the week on a positive note Monday amid a broad-based rally in the commodities complex. COMEX gold for December 2011 delivery settled higher by $25.10, or 1.5%, at $1,710.80 per ounce, its best closing level since November 18th. However, the yellow metal had been as high as $1,724.90 this morning and later [...]
A growing number of Wall Street economists and market strategists are predicting dire outcomes for the euro zone as policymakers have yet to develop a credible plan to effectively tackle the escalating sovereign debt crisis. According to a Bloomberg report, “Remedies previously rejected by policy makers as unpalatable and now increasingly called necessary by economists [...]
Gold shares surged higher Monday morning alongside the price of gold and broader equity markets, as the AMEX Gold Bugs Index (HUI) jumped 3.4% to 546.10. COMEX gold futures reached an intra-day high of $1,724.90 per ounce earlier this morning and remained up by $26.60, or 1.6%, at $1,715.10 as of 11:53am ET. The S&P [...]
GOLD PRICE NEWS – The gold price surged Monday morning, rising $37.50 to $1,718 per ounce. Rumors that the International Monetary Fund (IMF) was preparing a €600 billion ($801 billion) rescue package for Italy, combined with strong retail sales in the U.S. over the weekend, helped fuel a potent rally in the stocks, commodities, and [...]
Gold futures bounced back from earlier losses on Friday morning, with the COMEX December 2011 contract climbing from an overnight low of $1,675.40 to $1,697.30 per ounce. The rebound in gold futures coincided with a turn higher in the broader commodities complex and the euro as the U.S. dollar weakened against a basket of the [...]
Gold futures came well off their intra-day lows on Wednesday despite continued strength in the U.S. dollar. COMEX gold futures, per the December 2011 contract, fell to as low as $1,680.10 per ounce this morning amid widespread liquidation in the commodities complex. However, the yellow metal pared its losses to settled down just $6.50, [...]
Gold and silver shares endured further weakness on Wednesday as escalating euro zone sovereign debt concerns ignited broad-based selling in financial markets. The Philadelphia Gold & Silver Index (XAU) – comprised of the world’s largest precious metals companies – dropped 2.0% to 191.37 in early afternoon trading. Notable decliners included XAU components Freeport-McMoRan Copper & [...]
The global economy is moving into a “survival period” in which gold will provide one of the few areas of protection for investors, according to Richard Russell. The publisher of Dow Theory Letters – the world’s longest-running daily investment letter – and a long-time gold bull, Russell reiterated his bullish case for the yellow metal [...]
GOLD PRICE NEWS – The gold price fell back under $1,700 per ounce Wednesday. At $1,691, the price of gold has fallen over $100 from its November 7 closing price of $1,795. Weakness in global stock and commodity markets has weighed on gold as a wave of deleveraging has hit asset prices across the board. [...]
Gold futures reclaimed the $1,700 level on Tuesday following yesterday’s large-selloff. COMEX gold for December 2011 delivery – the most actively-traded contract – settled higher by $23.80, or 1.4%, at $1,702.40 per ounce. The yellow metal rose steadily in early morning trading and modestly extended its gains after the worse than expected revision to third [...]
