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  • PG Premier Gold Mines’ (PG) subsidiary adds to royalty portfolio
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Archive for: December 30th, 2011

Gold Futures Rise 10.0% in 2011, Silver Falls 9.8%

XAU Rebounds

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 [...]

Dec 30 2011 | Read More »

Euro’s Ten-Year Anniversary Offers Little Room for Celebration

€500 Billion Number "Doesn’t Exist"

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 [...]

Dec 30 2011 | Read More »

Gold, Silver Shares Climb as Precious Metals Rebound

XAU Turns Lower

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 [...]

Dec 30 2011 | Read More »

“We look for a pick up in M&A activity” in 2012

precious metals forecast

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 [...]

Dec 30 2011 | Read More »

Gold Price Set for 11th Consecutive Annual Gain

Narrow Gap with the Yellow Metal

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 [...]

Dec 30 2011 | Read More »
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  • Fortuna Hits More High-Grade Silver at Caylloma Mine
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