Premier Gold Mines (PG) expands management team
Fortuna Silver Mines (FVI) expands presence in Mexico
Aurizon Mines’ (AZK) Board unanimously recommends rejecting Alamos offer
Claude Resources (CGR) expands gold resources and grade at Santoy Gap
Mines Management (MGN) reports “significant progress” in third quarter
Crocodile Gold (CRK) reports 35% production growth
Bill Gross, manager of the world’s largest bond fund at PIMCO, expects “Helicopter” Ben Bernanke to fully live up to his moniker in the coming years. Following the release of today’s FOMC statement in which the Federal Reserve said it expects to maintain interest rates near zero through late 2014, Gross wrote the following on [...]
Gold and silver shares surged higher alongside precious metals Wednesday afternoon after the Federal Reserve extended the time period for its near-zero interest rate policy from mid-2013 to late-2014. COMEX gold futures rallied from an intra-day low of $1,649.20 to as high as $1,704.50 per ounce, its highest level since December 9, 2011. Silver futures [...]
The Federal Reserve did not launch a third round of quantitative easing (QE3) at its Federal Open Market Committee (FOMC) meeting today, but did extend the timeframe for near-zero interest rates from mid-2013 to late-2014. In addition, the tone of the Fed statement was a bit more dovish than that from last month’s meeting. Specifically, [...]
The European sovereign debt crisis is likely to get considerably worse before a sustainable recovery may develop, according to noted economist Ken Rogoff. At the 2012 World Economic Forum in Davos, Switzerland, Rogoff stated in a CNBC interview that “They are so far from having a solution in Europe. They need a new constitution. They [...]
GOLD PRICE NEWS – The gold price declined $12.10 to $1,654.75 per ounce Wednesday morning ahead of today’s conclusion of the two-day Federal Open Market Committee (FOMC) meeting. Gold prices dipped on speculation that Chairman Bernanke and the FOMC will not deliver a plan for a new round of quantitative easing (QE), nor will they [...]
