Dorato Resources Inc. is pleased to announce the completion of Minera Afrodita’s 2008 exploration program in the Cordillera del Condor, northwest Peru. For full story, click here
Discovery Metals had a highly successful quarter in terms of: development work, reduced costs and improved returns for the Boseto Copper Project, as well as an increase in total mineral resource at Boseto. For full story, click here
The Company will be continually drilling throughout the year to expand its gold resource and to advance its gold properties toward production. Nonstop exploration is at the heart of Hunt Gold’s business model. full story, click here
The relationship between precious metals and the greenback could be dislocated in the short run due to safe-haven investment flows. Manqoba Madinane a commodity analyst at Standard Bank Group Ltd. said: Precious metals could encourage investment-fund flows even if the dollar strengthens more. For full story, click here
Gold in the SPDR Gold Trust expanded by 1.3 percent to 843.59 metric tons, according to data on the company’s Web site. ETF Securities Ltd.’s holdings also reached a record. Bullion is set for a 4.4 percent jump in January, the third straight gain. For full story, click here
Gold rose to $918.50 an ounce in the morning fxing in London, used by some mining companies to sell production, from $892.25 at yesterday’s afternoon fixing. For full story, click here
Gold rose to a three-month high in London as holdings in the world’s biggest exchange-traded fund backed by bullion gained to a record, signaling increased demand for the metal as a haven. For full story, click here
Hot Web, Inc. (Pink Sheets:HWBI) announced today that it has entered into a Definitive Joint Venture Agreement with Western Sierra Mining Corp. (Pink Sheets:WSRA) on several mining properties owned or controlled by WSRA. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News The firmer dollar has curbed buying of the precious metal as a currency hedge. An immediate consequence – gold prices slipped another 1 per cent on Thursday, extending the losses of the two previous sessions. After a pretty impressive run last week, where there was ample profit [...]
If the downward scenario continues and there is deflation, c because of fear and distrust in the system. For full story, click here
Friday, January 30, 2009