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  • PG Premier Gold Mines (PG) expands management team
  • FVInew_290 Fortuna Silver Mines (FVI) expands presence in Mexico
  • AZK Aurizon Mines’ (AZK) Board unanimously recommends rejecting Alamos offer
  • CGR Claude Resources (CGR) expands gold resources and grade at Santoy Gap
  • MGN Mines Management (MGN) reports “significant progress” in third quarter
  • crocodile_290x250 Crocodile Gold (CRK) reports 35% production growth
Archive for: April 23rd, 2012

Precious Metals Pare Losses but GDX Languishes

Outlook for Precious Metals

Gold and silver futures recouped a portion of their earlier losses in Monday afternoon trading as the U.S. Dollar Index pared its gains. COMEX gold futures, per the June contract, settled lower by $10.20, or 0.6%, at $1,632.60 per ounce.  However, in electronic trading the yellow metal bounced back to as high as $1,639.60. Silver [...]

Apr 23 2012 | Read More »

Near Record High Gold/XAU Ratio Prompts Buying in Gold Equities

Precious Metals Rally

While the yellow metal has declined considerably in recent months, gold equities have continued to fare even worse. With today’s sell-off in precious metals, the ratio of the price of gold to the Philadelphia Gold & Silver Index (XAU) reached another new multi-year high. In late Monday morning trading, COMEX gold futures were lower by $9.80 [...]

Apr 23 2012 | Read More »

Klondex Mines “Elevates Visibility” in the U.S.

Precious Metals Forecast

Klondex Mines (KDX.TSX) announced that it has begun trading on the OTC market’s OTCQX International tier under the symbol “KLNDF.”  The emerging gold Company stated that trading on OTCQX is intended to leverage Klondex’s existing Toronto Stock Exchange profile and disclosure to provide a more visible and liquid market for its common stock in the [...]

Apr 23 2012 | Read More »

Gold Price Falls, Markets Drop on Euro, China Concerns

Precious Metals Outlook

GOLD PRICE NEWS – The gold price fell $12.07, or 0.7%, to $1,630.55 per ounce Monday morning amid widespread liquidation in financial markets and strength in the U.S. dollar.  Silver fared worse than the price of gold, as it dropped $0.87, or 2.8%, to $30.81 per ounce.  In doing so, the prices of gold and [...]

Apr 23 2012 | Read More »
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