Canadian-based mineral exploration and development company Premier Gold Mines (TSX: PG) has teamed up with Jones, Gable & Company Limited and placed its shares at $3.65. Premier plans to use the gross proceeds from the sale of the shares for exploration programs to be conducted on the Hardrock project, Red Lake projects and PQ North [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
Premium Exploration (CVE:PEM) has announced an 800 meter drill program at their Friday-Petsite gold project in Idaho. Premium, which picked up the property in June, 2008, will be attempting to extend a gold zone drilled by previous operators. For the full release click here.
First Gold Exploration Inc. made a public appearance that it has started its winter exploration program on the Matchi-Manitou property located 85 km to the east of the town of Val-d’Or in the Abitibi region of Quebec. For full story, click here
By Kishori Krishnan – Exclusive to Gold Investing News Stock markets are down and so is the price of the yellow metal. Gold fell for the second day in Asia, extending a monthly drop that may become the worst in more than 25 years. The reasons being cited – a stronger dollar and decline in [...]
By Dave Brown – Exclusive to GoldInvestingNews.com “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of [...]
By Dave Brown – Exclusive to Gold Investing News The latest victim of the credit crunch was Washington Mutual Inc., a large Seattle based consumer and small business banking company that was established in 1889, as the Federal Deposit Insurance Corp. seized its assets on Thursday, selling some of it to JPMorgan Chase & Co. The [...]
Mineweb(Editorial) reports the demand for physical gold could be strong for another 7 weeks in India. The physical gold market has been immensely strong since the middle of August, with India in the vanguard. There has been regular evidence of Indian jewellers having to pay high premia for physical metal and more than one investment bank has [...]
By Dave Brown – Exclusive to Gold Investing News As political debate was waged this week over whether a second stimulus package is necessary, the economy’s fragility was accentuated by an increase in the unemployment rate to 6.1 per cent in August. The street consensus was at 5.8 per cent and figures indicate the labor [...]
By Dave Brown – Exclusive to Gold Investing News Traditionally, gold has represented a non-correlated asset class but more recently, an increased linkage has been observed by many analysts. Bloomberg quotes John Reade, Metals Strategist at UBS, “In the short term, gold’s direction will be determined by the moves in crude oil.” This will necessitate [...]
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