Gold prices steadied at around $950 per ounce on Wednesday, propped up by light short covering ahead of the U.S. Federal Reserve’s policy statement at the end of a two-day meeting due later in the day. Ronald Leung, director of Lee Cheong Gold Dealers in Hong Kong, stated: I think they’re squaring positions. That’s all. [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold is a safety mechanism and it is also an anti-inflation mechanism - so you get two for the price of one. “Some people will claim there’s no value to it (gold) but so what, it does what it’s supposed to do,” according to Joseph Saluzzi, co-head [...]
By Kishori Krishnan Exclusive To Gold Investing News All the signals are promising for gold stocks to rise. A prominent hedge fund manager claimed recently that commodities could be in line for a major boom in the next 18 months, Forbes has reported. In India, the largest consumer of the yellow metal, the Bombay Bullion [...]
Centerra Gold Inc. declared that it will hold its annual meeting of shareholders on Tuesday, May 5, 2009 at the Esso Theatre, Hockey Hall of Fame, Toronto. For full story, click here
Gold Summit Corporation declared that at the special meeting of GSM’s shareholders held on April 1, 2009, the shareholders approved the consolidation of GSM’s common shares on a 10:1 basis. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
Cluff Gold plc reported that all resolutions were approved at its General Meeting. Algy Cluff, Chairman of Cluff Gold, stated: In this difficult economic environment, this placement demonstrates the strength of our assets and operational expertise. For full story, click here
The Africa gold mining giants, AngloGold Ashanti, has been ordered by Guinea’s military junta chief, Captain Moussa Dadis Camara to shut down its operations in Guinea after the company’s director failed to attend the meeting of mine executives. For full story, click here
Nevada Exploration Inc. has announced that its shareholders overwhelmingly approved management’s recommendations in the Annual General Meeting of shareholders held on Feruary 27, 2009. For full story, click here
Golden Predator Mines Inc. has announced its shareholders’ approval over the arrangement between the Company and Golden Predator Royalty & Development Corp. at the special meeting of shareholders held March 4, 2009. For more information, click on company’s website: www.goldenpredator.com To read full story, click here
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