Demand for gold is widely spread around the world. And people are purchasing gold like never before following the recession. East Asia, the Indian sub-continent and the Middle East account for almost 70% of world demand. For full story, click here
Luiri Gold Limited declared that is has completed the first phase of the investment by Lachlan Star for 12,416,101 shares at CDN $0.12 for gross proceeds of CDN $1,489,932.10. Lachlan Star elected to convert the Australian $300,000.00 loan as part of this first placement. For full story, click here
Mvelaphanda Resources, the South African investment company commenced by a former anti-apartheid fighter, declared that Paulson & Co. hasn’t been in contact about purchasing its remaining stake in Gold Fields Ltd. For full story, click here
Australia’s smaller gold miners are showing an urge to merge in an effort to bulk up and court investment funds that are being drawn to the sector due to the soaring bullion prices. DJ Carmichael & Co mining analyst James Wilson, stated: There’s movement afoot in the smaller end of town and a recognition that [...]
India gold futures may extend losses for a third week tracking a strong dollar overseas, dimming the yellow metal’s appeal as an alternative investment. For full story, click here
Today’s panic-driven markets are wiping out your portfolio. But a simple investment in gold and silver can provide the safety you need for today’s economy. For full story, click here
HSBC increased its 2009 gold price forecast to $875 from $825 an ounce, as inflation concerns spur strong investment demand for gold exchange-traded funds and bullion coins and bars. James Steel, chief commodities analyst at HSBC, stated: Inflation fears are supporting gold … Possible USD (U.S. dollar) weakness remains a potential source of support. Stagnant [...]
By Kishori Krishnan, Exclusive to Gold Investing News Mumbai, India It’s a new form of gold rush. Prospectors, jewelery stores and pawnshop counters are passé in the wake of this new feed. The feverish charge for the yellow metal is now unfolding across corporate offices, mutual fund counters and retail stores across India. The biggest [...]
Centerra Gold Inc. has declared a new agreement with the government of Kyrgyzstan will allow it to resume extensive exploration in and around the Kumtor gold mine, including a large investment in underground development. For full story, click here
Teryl Resources Corp. is one of the main holders of gold mining properties in Alaska's Fairbanks Mining Division with significant land holdings around and adjacent to Kinross' Fort Knox Mine, the largest producing gold mine in Alaska.
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