The fall is quickly approaching and Tuesday’s price action gave investors a slight tease of what the traditionally gold-friendly season has in store this year. The usual suspects—fear-induced investment demand and gold-hungry Asia—are still driving the gold bus home for the metal’s fans.
Many bullish analysts point to plenty of support for higher prices coming from safe-haven concerns. It’s these concerns, rather than pure supply/demand fundamentals, that have brought prices 13 percent higher in 2010, which gives many an eternal pessimist reason to warn the gold market may be experiencing a bubble waiting to burst.
Increased mergers and acquisitions (M&A) activity is expected to be a big driver of gains in junior gold mining shares.
By Kishori Krishnan Exclusive To Gold Investing News They just can’t see the wood for the trees. Gold investors have been fighting a losing battle, given that most gold miners, and some big ones at that, have underperformed 2009′s 27 per cent rise in gold prices. Speculative hedge funds have played their own part, distorting [...]
Avocet Mining’s shares surged as much as 17 percent after the gold miner declared gold output was up in the fourth quarter, boosted by operational improvements at its North Lanut mine in Indonesia. For full story, click here
By Kishori Krishnan Exclusive to Gold Investing News Gold edged up to 9.9 per cent last week as the dollar dropped 4 per cent to a two-month low versus the euro, which increased investor demand for the alternative asset, while platinum bounced back on technical buying after a sell-off on demand fears petered out. Gold [...]
Reuters reports gold has a bright outlook with industrial demand for the metal and renewed interest in gold futures by stock market fugitives says a director at AngloGold Ashanti, the world’s third-largest gold miner. “We are excited about the future because we think it has a place in the stability of the different currencies and there is a [...]
News from the Canadian Press reports Centerra Gold Inc., an international gold miner controlled by uranium giant Cameco Corp. reports a second quarter net profit of $56 million. The Toronto company said Thursday it earned 26 cents a share for the three months ended June 30. That compared with a net profit of $18.6 million, or [...]
News from Reuters reports Barrick Gold, world’s top gold miner said its quarterly profit climbed 22 percent as higher gold prices outpaced the rising costs of production. Even so, the company raised its cost-per-ounce estimate for the year, largely because of a surge in prices for energy used in production. It also said 2008 production [...]
Tuesday, August 31, 2010