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Mining Market and Trade Review; Gold Prices May Down Below $800
In the last few months, gold prices have been on a winning spree, rising to a record $1,000 per ounce on the back of the bloodbath in stock markets and people’s fascination for gold as the best investment asset.
India Silver Import Falls by 50%, Follow Gold Mine Demand
High prices, dull market conditions and re-cycling of scrap silver materials have led to a big fall in the imports of silver by India, one of the largest importers of the white metal in the world.
China Gold Output to Beat U.S., Challenging S. Africa (Update2)
China will probably overtake the U.S. as the world’s second-biggest gold producer this year and may end South Africa’s century-long dominance within five years, the country’s industry association said.
Production may rise 8 percent to 260 metric tons from 240.1 tons in 2006, Hou Huimin, deputy head of the China Gold Association, said in an interview [...]
Miramar Reports Licensing for Doris North Gold Mine Progresses
Miramar Mining Corporation today announced the progress of an important step in the licensing procedure for Doris North. After technical meetings held last week in Cambridge Bay, Nunavut, The Nunavut Water Board (”NWB”) has confirmed that the Doris North Water License application will proceed to public hearings in Cambridge Bay on August 13 – [...]
US gold ends up on dealer, fund buying, eyes $700
Buying by dealers and funds and a lower dollar sent U.S. gold futures to a firmer finish on Monday, but trading was quiet and choppy as prices approached the psychological mark of $700 an ounce.
News of a new exchange-traded fund based on silver and the platinum group metals boosted platinum, while profit taking knocked prices [...]
Golden Eagle Confirms Confidence Demonstrated by Recent World-Class Projects in Bolivia
Golden Eagle International, Inc. confirmed its scheduled Conference Call and simultaneous Webcast on Thursday, March 8, 2007, at 4:15 p.m. EST (3:15 p.m. CST; 2:15 p.m. MST and 1:15 p.m. PST). The Webcast will feature a PowerPoint presentation updating progress on the C Zone gold project and the Buen Futuro A Zone gold-copper project. (IMPORTANT: [...]
Goldman, Deutsche Bank Say Double Down on Commodities (Update1)
Anyone who followed the advice of Goldman Sachs Group Inc. last year and invested $10 million in the Goldman Sachs Commodity Index would have lost 15 percent, or $1.5 million.
Like so many of Wall Street’s best and brightest, Goldman, the biggest securities firm by market value, says it wasn’t wrong, just early, and to expect [...]
West Slope uranium rush
Skyrocketing price of metal prompts resurgence of digging.
Colorado’s vast stores of uranium are once again causing an unprecedented rush of investors, hedge funds and prospectors toting Geiger counters and stake poles.
After three decades on hiatus, thousands of prospectors are back on the Western Slope, staking claims and seeking permits, bent on tapping the region’s rich [...]
Dollar Continues to Weaken While Gold Outperforms Key Currencies
Exchange Traded Gold submits: Most commentators have concluded that dollar weakness has been the main factor for the sharp revival in the spot gold price since its mid September low of $574 an ounce.
Yet, as the table to the right shows, gold itself is being used as a hedge against general uncertainty in the currency [...]
