CFTC data suggests that hedge funds are holding their biggest bet on higher prices since mid-September. Money managers raised their combined net-long position in US futures and options by 6.8 percent to 148,279 contracts in the week ended Nov. 1.
Bloomberg reported that record gold prices in September led to higher dividends for shareholders of Barrick Gold (NYSE:ABX).
Forbes reported that earnings for Barrick Gold (NYSE:ABX) are increasing along with the rise in gold prices.
Bloomberg reported that Barrick Gold (NYSE:ABX) will be upgrading its two Peru-based gold mines at a cost of over half a billion dollars.
Bloomberg reported that Barrick Gold (NYSE:ABX) sees gold prices remaining high on inflation in China and India.
Gold investors who haven't paid attention to Nevada in the past may want to begin doing so now. Focus is warranted to an area in Pershing County where mining companies are busy unearthing what could be the US' next major gold trend.
Barrick Gold Corporation (NYSE:ABX,TSE:ABX) announced it has sold $4 billion in debt securities.
Reuters Africa reported that Barrick Gold (NYSE:ABX) received Zambia's approval to acquire Equinox (TSE:EQN).
Bloomberg reported that Zambia’s mines minister said Barrick Gold (NYSE:ABX) should not be concerned about the conditions of its takeover bid for Equinox (TSE:EQN).
Barrick Gold Corporation (NYSE:ABX,TSE:ABX) announced that conditional authorization for the company to acquire shares of Equinox (TSE:EQN) has been received.
Monday, November 14, 2011