By Kishori Krishnan Exclusive To Gold Investing News History does repeat itself. Going by the historic pattern of the gold market in the ‘70s, gold is set to experience an upward resistance for 19 months after its recent peak. Gold’s recent peak was $1,014 in March ’08, roughly 17 months ago. If this bull market [...]
By Kishori Krishnan Exclusive To Gold Investing News Weakness in the gold sector proved to be a major blip for Toronto stocks which fell on Monday, as investors collected profits on last week’s rally to an eight-month high. Gold stocks fell 1.75 per cent and materials stocks dropped 1.3 per cent as the precious metal [...]
By Kishori Krishnan Exclusive To Gold Investing News There is some serious flirting going on. Gold futures which have been on a see-saw ride in recent months, unsure whether to make the leap over the $1,000 an ounce hurdle or stay put a while, is flirting like crazy – with the $1,000 figure, that is. [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold prices edged lower in Europe on Friday as a stronger U.S. dollar dented interest in the precious metal as a currency hedge, and oil prices eased. Most commodities priced in dollars have lost value as the U.S. currency firmed, as they become more expensive for holders of [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold climbed for the first time in three sessions on surging demand for the metal as a store of value while the dollar fell and investors prepared for the release later this week of US bank stress tests. The tests may signal whether 19 top financial firms [...]
National Post reports Aurelian received an all-stock takeover offer from producer Kincross Gold Corp. sending shares of the junior miner up more than 40% on July 24th and new mining laws in Ecuador. Michael Gray, Analyst at Genuity Capital Markets said: “We believe that Kinross’ bid will be the start of a bidding war for one of the most coveted [...]
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