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 capped off their 11th consecutive year of gains on a positive note, with the COMEX February 2012 contract settling higher on Friday by $25.90, or 1.7%, at $1,566.80 per ounce. In doing so, COMEX gold futures – based on the most actively-traded contract - posted an annual advance of 10.0% and outperformed the large [...]
While Saturday marks the ten-year anniversary of the launch of euro coins and notes, the ongoing sovereign debt crisis promises to be one of the most important storylines for the global economy as 2012 begins. The crisis has led to a situation now where “the euro is at risk of unraveling,” according to a report [...]
Gold and silver shares rose for the second consecutive session as precious metals rebounded on Friday. The Philadelphia Gold & Silver Index (XAU) – which yesterday rallied 1.8% to 179.43 – rose 0.4% to 180.21 in mid-day trading today. Two of the sector’s top performing gold stocks were Agnico-Eagle Mines (AEM) and Goldcorp (GG). AEM [...]
With gold shares on pace to finish the year firmly in negative territory – despite a near 10% rise in the price of gold – the latest firm to discuss the sector’s outlook for 2012 was Rodman & Renshaw. In a note to clients published this week, Senior Metals and Mining Analyst Wayne Atwell attributed [...]
GOLD PRICE NEWS – The gold price rebounded strongly Friday, gaining $17.50 on the last trading day of the year. At $1,564 per ounce, the price of gold is still lower by $42 this week and has fallen $182 in the month of December. Despite this month’s losses, gold has advanced 10.1% in 2011 and [...]
Gold futures settled lower on Thursday for a sixth consecutive trading session European sovereign debt concerns continued to provide a headwind for the yellow metal. COMEX gold for February 2012 delivery settled with a loss of $23.20, or 1.5%, at $1,540.90 per ounce. This morning gold futures fell as much as $40.20 to $1,523.90 per [...]
“The problem in Europe is that we’ve arrived at Europe’s own ‘Lehman-moment’ when banks and institutions are wholly unwilling to lend money to anyone, anywhere.” The above quote came from Thursday’s edition of The Gartman Letter, written by long-time investor and market pundit Dennis Gartman. After the euro tumbled to a 17-month low of 1.2859 [...]
While most gold price prediction in recent years have come from those who rarely come in contact with the metal itself – such as investors and market strategists – one group with a unique and important view on the yellow metal recently weighed in with its own forecasts. The Professional Numismatists Guild (PNG) – which [...]
In what marked one of the few encouraging signs for gold and silver shares in recent weeks, the sector recovered from earlier losses Thursday morning despite ongoing weakness in precious metals. The Philadelphia Gold & Silver Index (XAU) initially fell as much as 1.4% to 173.96 – its lowest level since October 4th of this [...]
GOLD PRICE NEWS – The gold price dropped $18.86, or 1.2%, to $1534.74 per ounce Thursday morning as the U.S. dollar added to its recent gains against a basket of the world’s other leading currencies. In overnight trading the spot price of gold tumbled to $1,521.80 per ounce – its lowest level since July 6th [...]
