With the parliament of Greece passing the first of two austerity measures, gold prices have been rising with growing investor appetite for risk. Analysts expect the vote to be in favour of the final austerity bill, which might gesture a bullish impact based on a weaker dollar.
Terraco Gold Corp. (CVE:TEN,US:TCEGF) is a junior exploration company with advanced and early-stage gold-silver projects in Idaho and Nevada. Its focus is the advanced stage Almaden Property in Idaho, and the earlier stage Moonlight Project in Nevada, that lies on a prolific mineral trend just five miles north of the silver-gold Rochester Mine.
Indian traders sent gold prices higher with the Indian wedding season and firming overseas trends though the price may really make gains in the fall.
Cream Minerals Ltd. (CVE:CMA) reports that it has reached an agreement with John Walter Communications Inc. which will provide Investor Relations services to the company.
The Hong Kong Mercantile Exchange began trading gold futures on its electronic platform Wednesday, as a move to try appeal to Asian-Pacific investors looking to trade in closer commodity markets.
Northern Vertex Capital Inc. (TSXV:NEE) is a Canadian exploration and mining company focused on precious metals discoveries in North America. Northern Vertex controls majority interests in three emerging gold prospects strategically located within productive mineral trends in Arizona and British Columbia.
Since the news on Sunday of Osama bin Laden’s death, many commodities, especially precious metals, has been marked by high volatility. Will the killing of bin Laden have long term effects on the US and World economies?
According to a recent report by the World Gold Council, investors should be thinking about gold as being so unique as to place it in a separate asset class from other commodities.
MAX Resource Corp. (CVE:MXR) reports exploration at it’s newly acquired Majuba Hill copper, gold, silver property in Pershing County, Nevada.
With mining representing some 20 percent of the country’s GDP, Minister Golborne offered these bullish sentiments, “Mining is Chile’s economic engine. Through State policies with a long term vision that promote expansion and development, we want to transform mining in the heart of our country."
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