It has been a volatile week for gold prices, most heavily influenced on Wednesday after United States Federal Reserve Chairman Ben Bernanke gave no hints that a third round of quantitative easing was expected in the immediate future.
Bloomberg reported that gold miners in South Africa are posting gains as the value of rand sinks.
Strong supply and demand fundamentals give long-term bullish gold outlook.
This week mid-tier gold miner AuRico Gold Inc. announced a $1.46-billion deal to buy Northgate Minerals Corp. eliminating a prior merger offer from Primero Mining Corp.
Gold mining companies have had more in common with struggling S&P 500 than with the safe haven metal, though this may change in the near future.
Bloomberg reports that Canadian stocks fell for the first time in four days as as gold producers declined after U.S. companies added more jobs than forecast.
A25 Gold Producers Corp. (ETR:ALQ) signs a letter of intent to acquire the Red Elephant gold property in the Slocan mining division of British Columbia, Canada.
Kootenay Gold Inc. (CVE:KTN) reports assay results from the first two holes as part of a 10,000 meter, multi-phase drilling program on its Promontorio silver project in Sonora, Mexico.
Jaguar Mining Inc. (TSE: JAG, NYSE: JAG) reports the release of its Quarter 3 2010 financial and operating results after the market close on November 9, 2010.
By Kishori Krishnan Exclusive To Gold Investing News There are two ways to play the gold game. Either keep a watchful eye on the biggies and check out their every move, or latch on to some tried and tested junior gold miners, many of who are set to have their day in the sun. Back [...]
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