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
Although the price of gold and gold shares have had a meaningful rebound in recent trading days, the sector remains significantly lower compared to where it was several months ago. As one might expect, sentiment toward the yellow metal has tumbled in-kind. However, not only has gold sentiment fallen alongside the sector, it has plummeted [...]
The sell-off in gold futures that occurred in late February and early March coincided with a sharp decline in speculative activity in the gold market, according to the Commodity Futures Trading Commission’s (CFTC) weekly commitment of traders report. For the week ended March 6, 2012, managed-money firms reduced net-long positions in COMEX gold futures and [...]
With gold futures tumbling to fresh multi-month lows on Wednesday, price is not the only aspect of the yellow metal that has come under significant pressure in recent weeks. Gold sentiment has declined to extremely low levels, so much so that noted market pundit Mark Hulbert wrote this morning that “gold bugs are throwing in [...]
With gold suffering its worst week since September 19-23, many investors have been left wondering if further downside lies ahead. The tepid performance of the yellow metal in recent months has led to a rising sense of “apathy” among gold investors, according to Forbes contributor Tom Aspray. This afternoon, Aspray argued that this recent lack [...]
With the gold price tumbling from a new all-time record high of $1,922.20 to near $1,800 per ounce in recent weeks, sentiment toward the yellow metal has fallen in-kind. Over the past ten days, the Hulbert Gold Newsletter Sentiment Index (HGNSI) – which measures market timers’ recommended exposure to the yellow metal – dropped 20 [...]
The latest Bloomberg gold sentiment survey revealed that traders remain mixed on the short-term prospects for the price of the yellow metal. 13 of 26 respondents stated they expect gold to rise next week, 8 predicted it will decline, and 5 were neutral. Last week’s survey results consisted of 53% of traders bullish on gold. [...]
The headline story on the front page of this morning’s Financial Times covers the breakout in gold above $1,600 per ounce. Meanwhile, Market Vane Corporation’s (www.marketvane.net) most recent bullish reading on gold stood at 86%, the upper end of its range in 2011. Does this mean gold is due for a pause?
With gold rallying to new record highs above $1,600 per ounce, sentiment toward the yellow metal has turned substantially more bullish. From a contrarian perspective, the latest surge in bullish gold sentiment is a cause for concern, according to Mark Hulbert. The founder of the Hulbert Gold Newsletter Sentiment Index (HGNSI), which measures market timers’ [...]
COMEX gold futures closed higher by $9.70 at $1,542.40 an ounce, rising after the weak U.S. jobs report sparked fears of a double-dip recession. July silver futures fell $0.01 to finish the week at $36.19 per ounce. Gold was hovered near its all-time high of $1,578 per ounce as confidence in paper currencies continues to [...]
Highly-regarded independent analyst, Michael Churchill, of Churchill Research, opined today on the dreadful performance of the mining stocks. He lamented the negative year-to-date performance of the gold stocks and pondered what was driving the weak relative performance. He cited rising political risk “all over the map” as one reason of their poor performance, commenting that [...]
