CFTC data suggests that hedge funds are holding their biggest bet on higher prices since mid-September. Money managers raised their combined net-long position in US futures and options by 6.8 percent to 148,279 contracts in the week ended Nov. 1.
Soldi Ventures Inc. (CVE:SOV) reports preliminary analysis from its summer long exploration program on the Golden Bullet project has returned grab sample values as high as 7.2 oz/t gold.
Goldalert reports that Gold ETFs dipped Thursday, with the SPDR Gold Trust (GLD) falling $0.68, or 0.5%, to $134.02 in morning trading.
Reuters reports that SPDR Gold Trust (NYSE:GLD) reported its holdings fell to 1,290.855 tonnes by Nov. 11 from 1,291.766 tonnes on Nov. 10.
Augen Gold Corp. (CVE:GLD) starts trenching and sampling in the area of several Soil Gas Hydrocarbon anomalies potentially indicative of gold mineralization near Coté Lake.
While it’s not what many gold investors want to hear, there is a growing chorus of consensus that gold is not trading off fundamentals and that in fact the recent price rally is merely momentum driven.
By Kishori Krishnan Exclusive To Gold Investing News An insurance company getting into gold? That’s right. America’s third largest life insurer, Northwestern Mutual Life Insurance which has been in existence for 152 years, has never in all those years bought gold. Until now. The company has disclosed it recently invested around US$400 million to buy [...]
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