North American potash producers believe the potash market is due for a rebound after a dismal 2009, but analysts claim that potash prices will be sluggish to rebound in 2010. Potash prices spiked at around US$1,000 per tonne in 2008, and producers struggled to keep up with demand. Over in North America, Canpotex, [...]
Gold Investing News reports a deal between Centerra Gold, a Canadian company and Kyrgyzstan’s lawmakers. The settlement will raise the state’s share in Canada-based Centerra Gold Inc. (CG.TO), which owns the lucrative Kumtor mine, to 33 per cent from 15.7 per cent previously. In addition to increasing Kyrgyzstan’s role in the Kumtor project, the $100 [...]
Gold Investing News reports the US dollar’s rally has hit gold price. The yellow metal often moves inversely to the U.S. dollar because gold is seen as an alternative to the greenback. The dollar advanced against its major rivals Friday in New York as the rally in riskier currencies broke down ahead of key policy [...]
The National Post reported this morning that the TSX Venture exchange (TSXV:.SPCDNX) was up 18.6% on the year as of close yesterday. The article says investors are returning to resource stocks to hedge against the economic troubles by buying into gold and silver, or because other resource stocks may benefit from stimulus efforts. John Lee [...]
Gold Investing News report gold prices settle at a $920 mark after surpassing a $1,000 last month. The current price of gold, which was selling for $250 an ounce in 2001, is just too rich for some advisers, but there are others who insist an allocation to gold remains paramount in these uncertain economic times. [...]
Gold Investing News reports gold prices fell slightly with the huge US stimulus package. Gold fell for a third straight day after US policy makers reassured investors that the economy would recover from the recession. “People have been buying gold on economic Armageddon, so to see Obama and Bernanke paint a rosier picture, I’m not [...]
Gold Investing News reports the advantages of holding gold. According to World Gold Council’s ‘Gold Demand Trends’, identifiable gold demand in tonnage terms rose 4 per cent on previous year levels to 3,569 tonnes. As shares on stock markets around the world lost an estimated $14 trillion in value, identifiable investment demand for gold, which [...]
Gold Investing News reports gold prices have increased over 250% over the two year span despite the gloomy market conditions in the resource sector. Worldwide, gold has made an outstanding 250 per cent jump in the last two years. Starting in 2006 with a low of $400 per ounce, gold jumped dramatically to $1,000 per ounce in 2008. [...]
Gold Investing News reports spot gold rose to $902.50 since Oct 2008. The price of gold rose to a three-month high, climbing past $900 an ounce in both New York and London for the first time since October, as global equity markets tumbled, boosting demand for a safe harbor. It rose to an all-time high [...]
Gold investing News reports gold prices remain strong for the New Year 2009. “The more problems we see in the banking sector and the financial sector in general, the more attractive gold as a hedge against such risk will be,” said Commerzbank analyst Eugen Weinberg. “Risk aversion is high. People are looking at gold right [...]
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