Chinese 2010 gold output is estimated by government sources at around 340 tonnes for 2010, a new record, suggesting the country's total consumption may have reached close to 600 tonnes. China, already the world's largest gold producer, looks to have
Gold Mining News
Old gold-mining shafts are being reopened around the world, as economic uncertainty and scepticism about other assets has sent the gold price soaring: the yellow metal hit a record high of over $1,400 an ounce […]
Right now, the markets have pulled gold back in the face of what seemed to be an upward turn in the U.S. economy. Many may feel this is the time to sell gold. The growing […]
Not much happened in the gold market on Thursday. The price topped out around $1,380 shortly before London opened and then declined gently to its low of the day [$1,363.90 spot] around 11:15 a.m. in […]
The week ends with the U.S. dollar strong against the world’s major currencies as well as against gold.
AngloGold Ashanti and its associate company De Beers (which already has substantial undersea diamond mining expertise) are putting $40 million towards a search for gold under the Atlantic It is perhaps the biggest global gold hunt under the waters.
Lake Shore Gold declared commercial production at its Timmins Mine as of New Year's Day. RENO, NV - Toronto's Lake Shore Gold (TSX: LSG) Thursday announced it had declared commercial production at the Timmins Mine with 12,300 ounces of gold produced in
Gold and silver are in a bubble, if the bulk of economists and financial pundits are to be believed. With no dictionary definition of what exactly a financial bubble is, we are left to our […]
With the year showing some evidence in both Europe and the States that the recovery is gaining real traction, the weaker holders of gold sold gold down to €1,039 at the afternoon Fix, down €22 […]
Prodigy Gold Incorporated is pleased to announce additional assay results from its core sampling program at its 100% owned Magino Mine project located in Ontario.
Analyst for La Salle Futures Group in Chicago says recent decline in gold price could continue down to 200 day moving average in the $1260s Gold, which capped the biggest two- day drop in 11 months yesterday, may extend declines to the lowest price since
Well, the sell-off in the after-hours market on Tuesday [especially in silver] was the dead giveaway that JPMorgan et al were about to pull the pin on the precious metals market. Ted Butler's private note to clients, a […]
After stellar years for both gold and silver, what prices will precious metals hit in 2011? Here's an analysis based strictly on their price behavior in the current bull market.
Let's face it almost every trader or investor dreads a draw down. Traders do everything they can to avoid them, even if it means they drastically reduce their ultimate gains.
The full version of our analysis (with comments particularly valuable for Precious Metals Traders) is available to our Subscribers. Having dwelt a lot on the topic of the gold:silver ratio from a technical and quantitative standpoint in our […]
In the fine print of most investment advertisements or in the softly spoken disclaimer at the end of a commercial, we generally read or hear the phrase "past results are not indicative of future performance". […]
Heading into 2011, the consensus outlook on precious metals is slightly positive but the consensus believes that higher interest rates will ultimately support the US currency and in turn engender a move out of Gold. […]
VANCOUVER, BRITISH COLUMBIA- - Nevsun Resources Ltd.(TSX:NSU)(NYSE Amex:NSU) is pleased to announce its successful first gold pour at the Bisha Gold Mine during late December.
With gold well into record territory, investor enthusiasm is boiling over. There is a wide range of opinions on the outlook for metals, reflecting the uncertainty in nearly all of the variables that impact metal […]
The full version of our analysis (with comments particularly valuable for Precious Metals Traders) is available to our Subscribers. The debt crisis that has taken down banks and even countries threatens more than 100 American municipalities this […]
Last month, I addressed the hype around gold confiscation, and debunked the myth that collectible or numismatic coins would offer effective protection. But there is another sales pitch that many dealers will use while trying […]
Germany is the richest and most powerful nation in the Eurozone and the most important lender on the bailout scene. But how far can they go before they have lent too much and how far […]
It's time to reset our profit counter to zero and start looking for new profitable trades along with managing our current open positions on our small cap stocks which we continue to hold with gains […]
YESTERDAY IN GOLD AND SILVER After a brief sell-off on Tuesday morning in Far East trading, the gold price recovered all of its losses, plus a bit more, by the time that Comex trading began […]
Today's Gold session covered a very subdued $9.90 range as traders may be apprehensive about this week's economic data. Today's trade waffled above and below unchanged in a very technical and light volume session (60,000)…