Toronto- nians Kinross Gold, Yanama Gold and fast-growing Agnico-Eagle Mines, have managed to successfully access equity markets to fund project deve- lopment or acquisitions, or to pay down debt. For full story, click here
By Kishori Krishnan Exclusive to Gold Investing News Oil has reached its nadir. Even as investors remained timid after a U.S. Commerce Department report which showed the economy shrank at a annualized pace of 5.4 per cent in the October-December period – much faster than the 0.5 per cent decline logged in the prior quarter, [...]
By Kishori Krishnan Exclusive to Gold Investing News Investment demand for physical gold remains strong as turmoil in the financial markets and fears over the outlook for the global economy boost the yellow metal’s appeal. Weakness in the banking sector, which saw Bank of America and Citigroup report large fourth quarter losses earlier on Friday, [...]
After falling towards key support levels on Thursday, gold rebounded on the back of a rally in US equity markets. For full story, click here
Gold futures was up 4 percent, heading for the biggest one-day gain in more than 5 weeks, as rallies in global equity markets and expectations of a possible interest-rate cut in the U.S. pushed prices for commodities higher. James Moore, analyst with TheBullionDesk.com, said: Recent movements in both the equity and currency markets suggest some risk [...]
By Dave Brown – Exclusive to Gold Investing News The old trader’s maxim – First Move, Wrong Move - is often used to describe the absolute despair and euphoria which tend to coexist in the world of behavioral finance, manifesting themselves in market activity. The observations of last week-end and the start of this week suggest that perhaps [...]
The Grandich Letter(Editorial) discusses the markets, gold commodity and mining companies. About a year ago, I sounded the alarm just days after the Dow Jones industrial Average made a new all-time high. I entitled the newsletter “Man Your Battle Stations.” In that newsletter I envisioned (actually, all anyone can do is make an educated guess [...]
The Canadian Press reports Gold Reserve has rejected an unsolicited takeover offer from Rusoro Mining. Rusoro offered two shares for each share of Gold Reserve – a proposal that the Spoke, Wash.-based company’s board said was inadequate and not in the best interests of shareholders. Doug Belanger, President of Gold Reserve says: “This highly conditional expression [...]
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