A recent World Gold Council report concludes that "China's gold market development is solid, on-going and for the long term."
Marc Faber, publisher of the Gloom, Boom & Doom Report, said last week that the stock market is headed for a crash worse than the one seen in 1987.
Gold looks like it could be off to a bullish end to the week.
Osisko Mining inked a cash-and-stock deal with Yamana Gold this week in another attempt to thwart Goldcorp's hostile takeover.
At the recent Vancouver Resource Investment Conference, Jordan Roy-Byrne spoke to Gold Investing News about junior mining stocks, his favorite mining jurisdictions and what he believes is in store for the gold price.
Leonard Melman, publisher of the Melman Report, believes another downleg is possible for gold, but the long-term bull market is intact.
Despite the company's fall in stock price on step-out drill results earlier this month, CEO Adam Travis says that there is plenty of room for stock price appreciation after a discovery hole on its North ROK copper-gold project in April catapulted the junior company's market capitalization.
Scorpio Gold Corporation (TSXV:SGN) announced its financial results for the fourth quarter and for the year ended December 31, 2013. Highlights for the year end included a 22% increase in gold production from 2012, an 18% reduction in cash cost per ounce of gold sold compared to the previous year and the receipt of approval for new operations plans allowing expansion of the Mary pit at the Mineral Ridge mine.
Avrupa Minerals Ltd. (TSXV:AVU) has completed Phase four of its drilling program for the Alvalade Joint Venture project in the Iberian Pyrite Belt of Portugal. The Alvalade project is funded by a 100% owned subsidiary of Antofagasta plc and operated by Avrupa. Avrupa and Antofagasta expect to be able to announce drill results and comment on details of summer exploration plans following joint venture meetings held over the next few weeks.
Ressources Appalaches (TSXV:APP,FWB:OU3) announced that mining operations have commenced at its Dufferin Gold Mine in Nova Scotia. Initial ore extraction and surface stockpiling is expected to provide several weeks of supply for the start-up of the processing plant.
Avrupa Minerals Ltd. (TSXV:AVU) has signed an earn-in and shareholders agreement that will option out the Slivovo Gold Project in Kosovo to Byrnecut International Limited. Under the agreement Avrupa will be the operator while BIL will have several participation options.
Barkerville Gold Mines Ltd. (TSX-V:BGM) talks about gold production in 2014 and various projects in British Columbia, Canada.
Latin American Minerals (TSXV:LAT) CEO Miles Rideout spoke to Resource Investing News about its Paso Yobai property in Paraguay.
SEMAFO Inc. (TSX:SMF) VP Investor Relations Robert LaVallière talks about the Mana Mine in Burkina Faso.
Brixton Metals (TSXV:BBB) talks about the potential of the Thorn Project in northwestern British Columbia, Canada.
Gold rose 0.1 percent or $1.30 to $1,303.60 an ounce on Wednesday, according to Reuters. While the metal is still feeling the pressure of factors such as slowing demand, the situation in Ukraine has increased investor appetite for a low-risk commodity.
Dr. Jeffrey Lewis, editor and publisher of Silver-Coin-Investor.com, published an article in which he questions the silver and gold price predictions from analysts at large investment banks, commenting that such outlooks "become focal points for a sector and often seem to carry with them some form of self fulfilling prophecy."
Gold fell 2.6 percent or $33.60 to $1,291.40 an ounce on Tuesday as investors sold off the precious metal, Reuters reported.
Gold rose 0.3 percent or $3.96 to trade at $1,322 an ounce on Monday, according to Reuters. Tensions in Ukraine continue to grow, as the country told pro-Russian separatists to disarm by Monday morning or face an anti-terrorist operation.