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
Many central banks around the world continued to add to their gold holdings in recent months, according to data from the International Monetary Fund (IMF). The largest increase was by the Philippines, which raised its gold holdings by 1.03 million ounces to 6.245 million in March. This represented the biggest reported increase in a nation’s [...]
“As popular as it might be in some quarters to rule out further LSAPs (QE3, as it is known), I do not think this option can be taken off the table. QE3 will work under the right circumstances. But I don’t believe such circumstances prevail at this time.” The above commentary was from a speech [...]
Wednesday afternoon’s release of the latest Fed minutes – a recap of the most recent FOMC meeting – indicated that the Ben Bernanke-led central bank could launch a third round of quantitative easing (QE3) if the U.S. economy worsens. In particular, the minutes noted that “Several members indicated that additional monetary policy accommodation could be [...]
“When push comes to shove, they’re going to print money.” The above comment comes from a recent interview that Frank Holmes, CEO and CIO of U.S. Global Investors, did with Yahoo’s Daily Ticker. Holmes, a long-time gold bull and noted fund manager, also reiterated his positive outlook for the yellow metal in light of his monetary [...]
A third round of quantitative easing (QE3) could be arriving in the near futures, according to PIMCO’s Bill Gross. As the manager of the world’s largest bond fund at PIMCO, Gross wrote on the firm’s Twitter account this week that “Risk markets need more ammo if they are to stay up. QE3 getting closer.” While [...]
Federal Reserve Chairman Ben Bernanke appears to have a penchant for “jelly donut” monetary policy, according to noted hedge fund manager David Einhorn. “A Jelly Donut is a yummy mid-afternoon energy boost. Two Jelly Donuts are an indulgent breakfast. Three Jelly Donuts may induce a tummy ache. Six Jelly Donuts — that’s an eating disorder. [...]
GOLD PRICE NEWS – The gold price rose $6.04, or 0.4%, to $1,649.84 per ounce Thursday morning following a worse than expected report on the U.S. labor market. The price of gold advanced as weekly jobless claims came in at 388,000 – above the 375,000 median estimate among 48 economists surveyed by Bloomberg. In contrast [...]
The Federal Reserve did not announce any changes to its existing monetary policies in the Federal Open Market Committee (FOMC) statement that was released today at 12:30pm ET. In addition, the Ben Bernanke-led central bank did not provide any hints that a third round of quantitative easing (QE3) is forthcoming, which helped to send precious [...]
There is unlikely to be a “slowing down” of gold buying by central banks as significant economic uncertainty remains for the foreseeable future – according to Jon Spall, director of precious metals sales at Barclays. In an interview with the Wall Street Journal, Spall discussed his outlook for the gold market in light of the [...]
Two of the Federal Reserve’s most dovish central bankers were back at it during the past 24 hours, downplaying the recent improvement in U.S. economic activity and stressing the need for continued accommodative monetary policies. Last evening, Fed Vice Chair Janet Yellen stated in a speech at New York University that “The risk that continued [...]
