What gives with junior gold miners? Many say we haven’t seen anything yet, and that some juniors are set to outpace the pack. But how could that be true?
The fact of the matter is that global gold output has been dwindling by nearly 5 per cent per annum since it peaked in 2001. For the [...]
Gold Investing News reports gold prices doing well with the weaker dollar.
Its a gold rush the likes of which the country has not seen in a long time. Dozens of mining companies have recently staked thousands of fresh claims in an area that once teemed with old-time panners and prospectors moiling for gold after digging [...]
Gold Investing News reports gold stocks fell on the Toronto Stock Exchange on Monday.
Weakness in the gold sector proved to be a major blip for Toronto stocks which fell on Monday, as investors collected profits on last week’s rally to an eight-month high. Gold stocks fell 1.75 per cent and materials stocks dropped 1.3 per [...]
Gold Investing News reports gold steadied above $950.00 per ounce.
Gold steadied above US$ 950 per ounce on Thursday as the US dollar stayed near a seven-week low against a basket of currencies marked the previous day, maintaining bullion’s allure as an alternative asset. Earlier this month, economic worries encouraged investors to buy the US dollar [...]
Gold Investing News reports gold prices rised to over $900 an ounce and a little Quebec town is sitting on a gold mine.
The streets of Malartic in northwestern Quebec may not be paved with gold, but the ground underneath them is. Some time next year, Osisko Mining Corp. plans to start ripping up those streets [...]
Gold Investing News reports gold prices may decline in the next couple of weeks and start climbing up again in the future.
Although gold is facing some headwinds, the overall financial environment remains bullish for gold.” In their recently published Metals Matters, ScotiaMocatta has noted that IMF gold sales are now all but inevitable, as a [...]
Gold Investing News reports bargain hunting drove gold prices in a rally on Thursday last week.
Rob Kurzatkowski, futures analyst with optionsXpress maintains that gold could be getting some support from a dimmer view of economic conditions. This includes not only the World Bank’s downward forecast for global economic contraction this year, but other data such as [...]
Gold Investing News reports gold firms are now expanding their holdings in China as well as prospects in Australia.
With firms going for the kill, Vancouver’s Eldorado Gold Corporation (TSX:ELD) has taken the first step in acquiring a 19.9 per cent interest in Sydney, Australia-based gold mining firm in an all-share private placement worth approximately $279 million.
For complete story, [...]
Gold Investing News reports gold sector moves slightly higher this month.
In London, gold hit a three-month high on Friday, of $966.80 an ounce as the dollar fell towards a five-month low versus a basket of currencies, with worries over soaring government debt prompting investors to sell the safe-haven currency. Spot gold was bid at $966.40 [...]
Aluminum Investing News reports on commodity investing and how investors can get informed and educated.
If you are like many people, the last time you read about commodities in the news was when Bre-X Minerals collapsed in 1997, after news broke that the company had falsified results and the gold they had reported was nowhere to [...]
Thursday, October 22, 2009
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