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Archive for: February 9th, 2012

Precious Metals Turn Lower after COMEX Close

Gold Sector Analysis

Gold and silver futures surrendered their gains Thursday afternoon following the close of open-pit trading at the COMEX. Gold for April delivery – the most actively-traded contract – closed higher by $9.90, or 0.6%, at $1,741.20 per ounce on the COMEX but soon after fell toward $1,430 per ounce in electronic trading. Silver futures followed [...]

Feb 9 2012 | Read More »

Markets Steady, Gold, Silver Shares Rise

XAU Slides 1.7%

The broader U.S. equity markets oscillated between gains and losses on Thursday as investors digested the impact of monetary policy meetings in England and the euro zone.  The S&P 500 Index inched higher by 0.1% to 1,351.20 in mid-day trading, while the Dow Jones Industrial Average (DJIA) rose 0.2% to 12,905.48 – near a three [...]

Feb 9 2012 | Read More »

Crocodile Gold Reports Completion of Luxor Group Bid

financial and operating figures

Crocodile Gold (CRK.TSX) announced the completion of Luxor Capital Group’s bid for a controlling interest in the Company.  Crocodile reported that Armant, LLC, an affiliate of investment funds managed by Luxor Capital Group, LP has announced that approximately 170.6 million common shares of CRK.TSX have been tendered pursuant to the previously announced offer to acquire [...]

Feb 9 2012 | Read More »

Gold Price Climbs after BOE, ECB Meetings

Precious Metals Outlook

GOLD PRICE NEWS – The gold price advanced $11.33, or 0.7%, to $1,745.37 per ounce Thursday morning after central banks in England and the euro zone reiterated their dovish stances on monetary policy.  The price of gold held steady near $1,735 in overnight trading, but turned sharply higher after the Bank of England (BOE) announced [...]

Feb 9 2012 | Read More »
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