Brigadier Gold Limited reports its extention of the gold zone in the M-Island Zone, Larder Lake project, Ontario. The extension to the gold zone, which was first identified in holes MI-08-05 and hole MI-08-06 (see news release dated August 13, 2008), was intersected in Holes MI-08-08 and MI-08-09. Hole MI-08-09 returned grades up to 35.93 g/t gold over [...]
MarketWatch reports gold prices falls for the first time below $800 per ounce as investors look for cash. Also pushing gold prices lower were news reports that central banks were selling gold. The latest weekly data from the European Central Bank showed 7.6 tons of gold was sold during the week ended Oct. 10, according to Bloomberg, [...]
Mineweb(Editorial) reports gold has lost about 5%, lowest in this month with fears of global markets unstability. On Thursday, the dollar gold bullion price lost USD 40 an ounce, within minutes, shortly after trade started up in the Americas. The price plunged through the USD 800 an ounce level, before bouncing up a bit, and then fell [...]
Reuters(London) reports gold prices falls a month low as investors sell off commodities. Spot gold <XAU=> fell to a session low of $792.50 an ounce, before bouncing back to $801.10/804.10 at 1443 GMT, against $848.00 in late New York trade on Wednesday. For complete story, click this link. Follow developments in gold mining and exploration [...]
Serengeti Resources reports positive results from Central copper-gold zone on its Kwanika copper-gold property in BC. The current release completes the results from the 2008 drilling program enabling the Company to proceed with its stated objective of completing a resource calculation by year end. Serengeti’s President & CEO David Moore states: “Hole K-114 continues to demonstrate the exceptional grade present [...]
The Economic Times of India reports with the global crisis in the financial markets, gold buying spirit has been pretty slow despite the festivities in the coming week. “In the current financial crisis in the global market, semi-urban and rural India are going ahead with gold buying, while in urban centres, they are adopting a [...]
Oro Gold Resources reports gold assay results for a third twin core hole of recent drill program at its Trinidad property, Mexico. The core hole is a twin of RC hole 08TRRC029 which had two corresponding intervals: 1.7 g/t gold over 8.0 metres compared to 5.3 g/t gold over 7.8 metres in the core hole, and 1.8 g/t gold [...]
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 [...]
ForexTV.com reports price of gold is at ease with the rescue plans for the ailing banks. “Gold has continued to hold above $825/oz while silver has held above $10.00/oz,” he wrote. “This suggests that some investors may view recent banking system developments as potentially inflationary which may continue to support long-term bullish trends in precious [...]
Bloomberg.com reports gold fell for 4th time today after the U.S. agreed to spend $250 billion to rescue banks. Stocks in the U.S., Europe and Asia rose for a second day after Treasury Secretary Henry Paulson announced plans to buy stakes in financial firms to ease the lending crisis. Gold fell 1.9 percent yesterday as the Standard [...]
Get our independent commentary on gold trends and companies delivered to your inbox.
