The fall is quickly approaching and Tuesday’s price action gave investors a slight tease of what the traditionally gold-friendly season has in store this year. The usual suspects—fear-induced investment demand and gold-hungry Asia—are still driving the gold bus home for the metal’s fans.
Continue reading "Gold Price on Track toward $1,300"
Tuesday, August 10, 2010
Northern Freegold Resources Ltd. (CVE:NFR) reports an update on the phase 1 10,000 m drill program at the Freegold Mountain project. The program seeks to expand the existing gold resource at the Nucleus deposit, and help define additional gold and copper resources at the highly prospective gold-silver-copper enriched Revenue zone. For complete news, click here. For Northern [...]
Continue reading "Northern Freegold Reports on Progress and Enhances Drill Program"
Monday, June 21, 2010
Nevada Sunrise Gold reports an update to its shareholders. We have closed two financings totaling $1.4 million CAD, hired a professional investor relations firm, kicked off a market awareness program with Goldseek.com (www.goldseek.com), negotiated a five year extension on our Golden Arrow mining lease and initiated earn-in joint ventures totaling up to $12 million CAD in [...]
Continue reading "Nevada Sunrise Gold Corp Shareholder Update"
Monday, June 7, 2010
A late morning $20 bounce put a smile on every gold bug’s face, and by mid-day the precious metal had shot above $1240 an ounce, hitting a high of $1246.20 late in the day. Prices backed off a bit to close at $1241.30 an ounce on the COMEX.
Continue reading "Gold Price Pushing Past Key Resistance Levels"
Wednesday, May 26, 2010
Colossus Minerals reports Mr. Luiz Carlos Celaro is hired as General Director of the Company’s Brazilian subsidiary Colossus Geologia e Participações Ltda. Mr. Celaro, a Brazilian citizen, has 35 years of in-country experience in engineering, construction, and mine management. Mr. Celaro worked for Vale S.A. for 9 years where he was involved in the development of [...]
Continue reading "Colossus Hires Luiz Carlos Celaro to Manage Mine Development"
Thursday, May 20, 2010
After hitting record highs of $1249 an ounce last week, gold has lost much of its May luster the past few days, dropping as low as $1174 an ounce in New York Thursday morning. While traditionally one would expect the precious metal to be trading up in such an environment, uncertainty across all markets remains high.
Continue reading "Gold Price Takes a Beating with the Rest of the Markets"
Thursday, May 13, 2010
After hitting an all-time record high, the price of gold edged back down Thursday. Precious metals analysts are blowing off the break as little more than a bit of profit-taking or a short breather before gold prices continue their upward climb on fear and uncertainty in the markets, which has been pushing investors into safe-haven assets.
Continue reading "Gold Price Hits Record High: Further to Go?"
Monday, May 3, 2010
As an asset class, gold outperformed compared with the broader commodity complex and international equities on a risk-adjusted basis, also demonstrating limited volatility relative to other commodities, with annualized average volatility falling to 17.6 percent from 20 percent in the previous quarter.
Continue reading "Strong Gold Prices Reflect India and Chinese Demand"
Wednesday, April 21, 2010
One significant factor underpinning the price of gold right now is high expectations of inflation increasing globally. Although many analysts agree that inflationary concerns will provide support for gold prices, some are much more bullish in their price forecasts than others.
Continue reading "Gold Price Future Tied to Inflation?"
Thursday, April 15, 2010
GFMS Group’s well-respected annual Gold Survey report is out for 2010, but what’s got most in the precious metal markets talking is the comments made by Philip Klapwijk, chairman of precious metals research at GFMS, during an interview with Reuters: “There are pointers to the fact that we are entering the final stages of a bull market.”
Continue reading "Gold Bulls Wincing over GFMS Report"
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Tuesday, August 31, 2010