Mines Management (MGN) advances La Estrella Project
Premier Gold Mines’ (PG) subsidiary adds to royalty portfolio
Fortuna Silver Mines’ (FVI) hits more high-grade silver at Caylloma
Extorre Gold Mines (XG) hits more high-grade gold at Cerro Moro
Spanish Mountain Gold (SPA) advances toward Feasibility Study
Crocodile Gold (CRK) reports first quarter results
GOLD STOCKS NEWS – Gold stocks remained lower in mid-day trading on Monday as the Market Vectors Gold Miners ETF (GDX) dropped $0.41, or 0.9%, to $47.09 per share. The sell-off in gold stocks and the GDX was accompanied by modest weakness in COMEX gold futures – which slid $9.10, or 0.6%, to $1,651.10 per [...]
Interesting commentary from Richard Russell, author of the world’s longest-running daily investment letter - Dow Theory Letters – and a long-time gold bull: “The future for investing is very cloudy, obscure and tricky. Most of what you hear from professionals is pure baloney. One problem — We must be ready to take losses in all items [...]
GOLD PRICE NEWS – The gold price advanced $11.44, or 0.7%, to $1,630.15 per ounce on Thursday following its worst two-day stretch in over a month. This morning’s strength in the price of gold was a welcome respite from the substantial selling that has engulfed the yellow metal of late. Silver climbed in concert with [...]
GOLD PRICE NEWS – The gold price stabilized near $1,677 per ounce Tuesday amid a relatively quiet morning on Wall Street. The price of gold held in a tight range between $1,673 and $1,682 in overnight trading, while the U.S. Dollar Index inched higher by 0.1% to 78.93. While the gold price traded near the [...]
GOLD PRICE NEWS – The gold price oscillated around $1,670 per ounce Monday morning ahead of the latest batch of U.S. economic reports. Silver stabilized in concert with the price of gold, holding steady near $32.40 per ounce. Equity markets in the U.S. looked to open near the flatline as well, prior to the 10am [...]
GOLD PRICE NEWS – The gold price dipped $5.06, or 0.3%, to $1,657.89 per ounce Thursday morning despite two worse than expected U.S. economic reports. The price of gold oscillated around $1,660 in overnight trading and later showed a muted reaction to data on weekly jobless claims and GDP. Silver dropped in concert with the [...]
GOLD PRICE NEWS – The gold price dipped $5.81, or 0.4%, to $1,674.99 per ounce Wednesday morning amid broad-based weakness in commodities and modest strength in the U.S. dollar. The price of gold once again held in a tight range in overnight trading – between roughly $1,675 and $1,685 – but turned moderately lower as [...]
GOLD PRICE NEWS – The gold price climbed $11.90, or 0.7%, to $1,654.89 per ounce on Friday as the commodities complex rebounded from yesterday’s losses. The price of gold hovered near unchanged at $1,645 in overnight trading, but turned higher amid U.S. dollar weakness this morning. Silver advanced alongside the gold price, by $0.31, or [...]
Despite the recent weakness in precious metals, the longer-term outlook for gold and silver remains bright, according to BNP Paribas. In a note to clients published this morning, precious metals strategist Anne-Laure Tremblay wrote that “The correction in precious metal prices, and particularly in gold and silver, was initially triggered by Bernanke’s semi-annual testimony to [...]
Although the gold sector has slumped in recent months, investors at yesterday’s Bloomberg Link Precious Metals Conference remain bullish on the yellow metal’s prospects. The average year-end 2012 estimate for gold in a survey of 14 respondents at the conference came in at $1,897 per ounce. If the price of gold were to rebound to [...]
