Gold industry needs to develop markets
For four weeks now, we have been seeing the Friday Effect: the gold price goes up in anticipation of military action on the weekend, and gold shares rise along with it. The old “safe haven” theory app…
For four weeks now, we have been seeing the Friday Effect: the gold price goes up in anticipation of military action on the weekend, and gold shares rise along with it. The old “safe haven” theory app…
Well, so much for the gold rally. Prices for the yellow metal began a downward trend during the Oct. 3-9 report period, falling out of a tight US$290-per-oz. trading range and quietly drifting down to…
Metals prices turned in another poor performance during the report period Sept. 24-28 as fears over the global economic outlook intensified. Of the major London Metal Exchange metals, nickel and zinc …
Unless an all-out investor-led recovery in gold as a “safe haven” develops, prices will likely remain subdued as a slowdown in the world economy undermines demand for items made with the yellow metal….
Consolidation in the gold sector continues apace, with South Africa’s Gold Fields (GOLD-Q) striking a deal to buy WMC’s (WMC-N) St. Ives and Agnew mines in Western Australia.Gold Fields will pay US$18…
With another US$5 million in the till, Ivanhoe Mines (IVN-T) is well-financed to continue exploring for gold and other metals in Southeast Asia.The junior is exploring a gold-copper-molybdenum porphyr…
Denver — Nearly a week after the terrorist attacks on New York City and Washington D.C., trading resumed in a strongly negative fashion. The Dow Jones industrial average plunged 702.11 points, or 7.3…
In the wake of the terrorist attack on the U.S. on Sept. 11, at least some investors have looked to gold, the traditional haven in times of crisis.Gold prices responded swiftly, and the London morning…
Investors bailed out of Radius Explorations (RDU-V) ahead of drill results from the Tambor gold property in central Guatemala, driving the stock to a 52-week low of 45.The junior tabled disappointing…
Denver — Growing market pessimism pushed the Dow Jones industrial average below the 10,000 mark, down 224.54 points, or 2.2%, to 9997.49 points during the report period ended Sept. 4. The Nasdaq drop…
Denver — Financial markets sank in response to the U.S. Federal Reserve’s latest quarter-point interest rate cut, sending the Dow Jones industrial average down 238.03 points, or 2.3%, for the report …
Denver — The Dow Jones industrial average climbed 281.69 points, or 2.8%, during the report period ended July 31 to close at 10,522.81, while spot gold on the Comex division of the New York Mercantil…
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