Dubai’s debt problems are weighing heavily on the global bourses, given that it has its fingers in so many pies. Many insist the scenario is very similar to when Lehman Brothers collapsed, and Dubai’s problems could well be the catalyst for the market to fall further. For gold, caught in the maelstrom and getting whipped [...]
Gold Investing News reports further drops in oil and job cuts have led to lower gold prices in the recent week.
New York gold futures fell sharply to close just above $750 an ounce, ending the week more than 8 per cent lower as the bleak US jobs report triggered wholesale liquidation of assets across the [...]
Gold Investing News reports gold markets did not seem to improve despite the Democrats, President-elect Obama won the recent elections.
Obama has proposed a $175 billion package. Analysts predict that gold may test $800-$805 after recent volatility, given the prospect of an improved economy. All of this may boost gold prices in the long-term, as demand [...]
Alexis Minerals, junior explorer and gold producer reports its discovery of copper-rich sulphide zone in Val d’Or, Quebec.
The mineralization is located on the wholly-owned Dunraine property (Figure 1), 1720 metres vertically below surface and 1.5 km west of the past producing Louvicourt Mine in Val d’Or, Quebec (Past Production: 15.65 Million tonnes (Mt) @ 3.42% Copper [...]
Brigadier Gold Limited reports its extention of the gold zone in the M-Island Zone, Larder Lake project, Ontario.
The extension to the gold zone, which was first identified in holes MI-08-05 and hole MI-08-06 (see news release dated August 13, 2008), was intersected in Holes MI-08-08 and MI-08-09. Hole MI-08-09 returned grades up to 35.93 g/t gold over 1.5 [...]
Gold Investing News reports the weekend market news on gold and the US Dollar.
Driven by rumors that global markets may close for several days to allow governments to take remedial action, there was a flight for cash as the US dollar rose in value and equities plummeted on Friday.
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Gold Investing News reports spot price for gold closed at US$842.60 per troy ounce on Tuesday after the announcement of bailing-out the banks on Friday last week.
Barnard Jacobs Mellet released a research report which suggests that gold mining companies are trading at very attractive valuations. The commentary outlined several reasons which included the relative market appreciation with [...]
Serengeti Resources reports positive results from Central copper-gold zone on its Kwanika copper-gold property in BC.
The current release completes the results from the 2008 drilling program enabling the Company to proceed with its stated objective of completing a resource calculation by year end.
Serengeti’s President & CEO David Moore states:
“Hole K-114 continues to demonstrate the exceptional grade present in the Central [...]
Gold Investing News reports on the recent financial turmoil and the bail-out plan approved by the US lawmakers, found investors are afraid to put money into banks but going for gold commodity instead.
The Wall Street Journal has reported that export growth was anticipating a sharp decline in coming months, muting what had been one of the [...]
Northern Gold Mining Inc. reports its annual meeting of shareholders on Monday 30 September 2008 at its headquarters in Toronto, Ontario.
Northern Gold continues its intensive drill program on two projects. With two drills located on its Kirana Project in Kirkland Lake, Ontario, 56 holes have been completed to date. This includes 38 holes on the [...]
Monday, November 30, 2009
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