Claude Resources (CGR) completes acquisition of St. Eugene Mining
Extorre Gold Mines (XG) raises C$50M to fund development in Argentina
Crocodile Gold (CRK) provides 2012 production guidance
Premier Gold Mines (PG) enters joint venture with Newmont Mining in Nevada
Fortuna Silver Mines (FVI) delivers 5th straight year of production growth
Canaco Resources (CAN) launches “most ambitious” growth program in company history
Precious metals posted steep losses on Friday as investors viewed the better than expected U.S. jobs data as a potential impediment to a third round of quantitative easing (QE3) by the Federal Reserve. COMEX gold futures for April delivery snapped a three-session winning streak, as they retreated $19.00, or 1.1%, to $1,740.30 per ounce. However, [...]
Gold shares headed south alongside the yellow metal on Friday after the January U.S. employment report came in far above expectations. The Market Vectors Gold Miners ETF (GDX) – the leading gold sector ETF – dropped 1.7% to $56.50 per share in afternoon trading while COMEX gold futures slid 1.1% to $1,739.70 per ounce. With [...]
Last year the University of Texas Investment Management Co. took delivery of over more than 6,000 gold bars – worth nearly $1 billion at the time – based in part on advice from noted hedge fund manager Kyle Bass. Yesterday, Mr. Bass stated at a meeting among the endowment’s fund directors that he is “against [...]
GOLD PRICE NEWS – The gold price fell $8.35, or 0.5%, to $1,751.47 per ounce Friday morning as the January U.S. jobs report came in well above expectations. The price of gold turned lower after non-farm payrolls came in at 243,000 – handily beating the 140,000 consensus estimate among economists. The unemployment rate dropped to [...]
Gold and silver futures continued their march higher on Thursday amid broad-based gains in the precious metals space. COMEX gold for April delivery settled with a gain of $9.80, or 0.6%, at $1,759.30 per ounce, while silver advanced $0.37, or 1.1%, to $34.16 per ounce. In doing so, both gold and silver reached their best [...]
Gold shares rallied Thursday afternoon alongside the yellow metal, as the Market Vectors Gold Miners ETF (GDX) climbed $0.76, or 1.3%, to $57.32 per share. COMEX gold futures rose $10.00 to $1,759.50 per ounce amid broad-based gains in precious metals. With its advance, the GDX reached its highest level since December 9, 2011 and extended [...]
GOLD PRICE NEWS – The gold price hovered near unchanged Thursday at $1,747 per ounce amid relative calm in financial markets. Strong auctions for French and Spanish sovereign debt helped keep a bid under European equity markets. U.S. jobless claims fell last week to 367,000, slightly less than market expectations. While the price of gold [...]
Precious metals advanced Wednesday amid weakness in the U.S. dollar and a worse than expected report on the state of the U.S. labor market. COMEX gold futures settled higher by $9.10, or 0.5%, at $1,749.50 per ounce. The yellow metal reached an intra-day high of $1,754.00 this morning, but pared its gains as the dollar [...]
“Zero-bound money may kill as opposed to create credit” – that is at the core of Bill Gross’ argument in his latest monthly investment outlook. Gross – manager of the world’s largest bond fund at PIMCO – provided a thorough critique of the Federal Reserve’s ongoing dovish stance and its decision at last week’s Fed [...]
Gold futures pared their gains late morning trading on Wednesday, as the yellow metal hovered near $1,745 after earlier reaching $1,754 per ounce. The modest advance in gold coincided with weakness in the U.S. dollar, which fell 0.6% against a basket of foreign currencies. This morning, GMP Securities published a report discussing its outlook for [...]
