Mining News: GOLD
By StockHouse USA,
February 9, 2010 at 12:36 PM -
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Holy Grail for all emerging producers These are boom times for Vancouver-headquartered New Gold Inc. (TSX: T.NGD) (NYSE-AMEX: NGD). Indeed, this emerging mid-tier gold producer has gone from strength to strength over the last couple of years. The company
By Your Story,
February 9, 2010 at 12:31 PM -
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For years, China’s Gansu Province lagged behind other Chinese economic powerhouses such as Anhui Province, the home of Beijing. But in the past ten years, Gansu has exploded when mineral resources such as gold were discovered to be abundant in the
By EconomicTimes,
February 9, 2010 at 12:22 PM -
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NEW DELHI: Defying a positive global trend, gold prices shed Rs 10 to reach Rs 16,510 per 10 grams on the bullion market here today due to reduced offtake at higher levels. Standard gold and ornaments fell Rs 10 each to Rs 16,510 and Rs 16,360 per 10
By Seeking Alpha,
February 9, 2010 at 12:17 PM -
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Mark O'Byrne submits: Gold: Gold rose some 1% in US trading yesterday to close at $1,065.30/oz. It then rallied to over $1,073/oz Asian trading before giving up some of those gains in European trading this morning. Gold is currently trading at $1,066.00/oz and in euro and GBP terms, gold is trading at €779/oz and £685/oz respectively. The Dow’s close below 10,000 yesterday will make market participants nervous especially from a technical perspective. However, world stock markets have not reacted overly negatively and are mixed this morning. »
By MSN Money,
February 9, 2010 at 12:09 PM -
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Pink OTC Markets Inc (PINK) Stock Quote, Chart, News, Add to Watchlist Related topics NEW YORK, Feb. 9 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc. (Pink Sheets: PINK), the leading electronic inter-dealer quotation system, trading technology and
By Edu Bourse,
February 9, 2010 at 10:45 AM -
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TMC Recalls 4 Models to Correct ABS Software Program Address by TMC President Akio Toyoda TMC Announces Remedy for U.S. Accelerator-pedal Recall TMC's Joint Tree-planting Project in Philippines Receives Gold Rating TMC Announces Sales Plan for 2010
By Financial 24,
February 9, 2010 at 8:55 AM -
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market south africas south africas » market South Africa’s rand gained for asecond day against the dollar and € as gold and platinumprices advanced, boosting the earnings outlook for the world’sbiggest producer of precious metals. The rand
By HoweStreet.com,
February 9, 2010 at 8:51 AM -
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Last week was an incredible week for trading the intraday charts. With rising volume and volatility prices began to move up or down for extended periods of time allowing traders to profit from these powerful short term price swings. During times like
By Ahmedabad,
February 9, 2010 at 8:39 AM -
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If you are ready to sell that old gold that is just sitting around collecting dust you might want to check into selling your gold 4 cash. If you are looking for a way that will give you some quick cash that you can use to do something fun that may be the
By Ahmedabad,
February 9, 2010 at 8:39 AM -
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As our financial futures continue to be unknown many people are looking for other options. Selling gold jewelry is an increasingly popular option for those that need extra money. They are going through their jewelry boxes and finding pieces that they no
By Mining Weekly,
February 9, 2010 at 8:38 AM -
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JOHANNESBURG (miningweekly.com) - Emerging Australian gold explorer Matrix Gold on Tuesday reported that it would use the A$5-million from its initial public offering (IPO) to fast-track a project in Central Victoria into production by mid-year. Matrix,
By Mineweb,
February 9, 2010 at 6:50 AM -
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The $200-billion China Investment Corp. has made substantial investments in the North American mining industry and, in particular, Teck Resources.
By Mineweb,
February 9, 2010 at 6:39 AM -
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Gold and the dollar move inversely to each other up and down as investor fears move from one perceived safe haven to another.
By Mineweb,
February 9, 2010 at 6:32 AM -
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Not only does Chris Potter stand by his claim that India's big gold buy late last year was a game-changer, it's a 21st century take on the classic alchemist's quest of old-transforming lead into gold - or in this case paper into gold. Interview with The Gold Report.
By Mining Weekly,
February 9, 2010 at 6:15 AM -
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TOKYO
By CommodityOnline,
February 9, 2010 at 6:09 AM -
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In fact gold's daily changes this week � on a rolling one month basis � have been more tightly correlated with stocks than with either the Euro or silver. I'd guess that connection will break one way or other. And it's hard to imagine a genuine Eur
By CommodityOnline,
February 9, 2010 at 6:09 AM -
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The precious metals continue to be linked to the dollar though gold and the PGMs both recovered late on Friday helped by the recovery in US equities.
By CommodityOnline,
February 9, 2010 at 6:09 AM -
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Gold opened at 1055.00 1056.00 in New York. Nonfarm payroll missed expectation however the unemployment rate improved causing the metal to trade erratically as the session began.
By CommodityOnline,
February 9, 2010 at 6:09 AM -
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But as this debt increases so does the risk for investors. For this reason I like gold. Even though we have seen a sell off in gold in the long term the prospects for a higher gold price look very good indeed.
By CommodityOnline,
February 9, 2010 at 6:09 AM -
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Gold looks great if you turn the page upside down. Otherwise, one might just stay away for a while until the dust settles. The NYMEX close for gold was $1052.80 while only an hour or two later the Globex electronic trading showed gold at $1065. One might
By CommodityOnline,
February 9, 2010 at 6:09 AM -
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You can get a pretty good feel for how the battle between the inflationists and deflationists is playing out by watching a few key markets such as copper and soybeans but a better picture still remains the Continuous Commodity Index ( I still do not
By UTVi,
February 9, 2010 at 5:06 AM -
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Gold gained the most in a week as a halt in the dollar's rally may increase demand for the metal as an alternative investment.
By International Mining,
February 9, 2010 at 4:50 AM -
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Metso will supply two complete grinding mills and related equipment to Newcrest Mining’s Cadia Valley gold mine, near Orange in New South Wales, Australia. The value of these two orders is over EUR16 million, and the delivery will be completed by June
By Business Report,
February 9, 2010 at 4:41 AM -
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The JSE Top40 index of blue chips gained 1.11 percent to 23 367.21 points, while the all share index rose 0.96 percent to 26 041.96 points. 'The market is trading positively from better-than-expected results (from mining shares),' said Abri du Plessis,
By ExchangeTradedFunds.com,
February 9, 2010 at 3:42 AM -
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ETF Securities USA LLC, a unit of the London-based ETF Securities, said it planned to register 18 million shares with a proposed maximum aggregate offering price of $1.058 billion. Shares of the new trust will represent a combination of gold, silver,
By Pacific Islands Report,
February 9, 2010 at 3:39 AM -
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PACIFIC ISLANDS REPORT Pacific Islands Development Program/East-West Center With Support From Center for Pacific Islands Studies/University of Hawai‘i SUVA, Fiji (Fiji Times, Feb. 5, 2010) – In Fiji, MINING activity at the Vatukoula Gold Mine
By Globe Investor,
February 9, 2010 at 2:03 AM -
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Vancouver - China Investment Corp., the Asian economic superpower's hulking $200-billion (U.S.) sovereign wealth fund, has been quietly accumulating stakes in resource firms including Canada's Kinross Gold Corp. and Potash Corp. of Saskatchewan,
By Mining MX,
February 9, 2010 at 2:03 AM -
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[miningmx.com] --Junior gold producer Simmer & Jack Mines on Monday said its newly configured board was reviewing the company's options with regard to its 37% holding in subsidiary First Uranium. This follows disclosures by First Uranium last week
By CNW Telbec,
February 9, 2010 at 1:01 AM -
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VANCOUVER, Feb. 8 /CNW/ - Trading resumes in: <
By American Chronicle,
February 9, 2010 at 12:49 AM -
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TORONTO, Feb. 8 /CNW/ - Upper Canada Gold Corporation (formerly Washmax Corporation) (UCC-TSX-V, formerly WMC.H-NEX) ('Upper Canada' or the 'Corporation') is pleased to announce that following completion of its reverse take-over, financing,
By American Chronicle,
February 9, 2010 at 12:48 AM -
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TORONTO, Feb. 8 /CNW/ - Bullion Management Group Inc. (BMG) has expanded its line of precious metal bullion funds with the launch of BMG Gold BullionFund. The new fund invests exclusively in uncompromised physical gold bullion and is designed for
By American Chronicle,
February 9, 2010 at 12:48 AM -
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NEW YORK, Feb. 8 /CNW/ -- Capital Gold Corporation (NYSE Amex: CGC; TSX: CGC) is pleased to announce preliminary production results for its second fiscal quarter of 2010 (ended January 31, 2010) at its 100% owned and operated El Chanate mine in Sonora,
By FOXBusiness.com,
February 8, 2010 at 10:49 PM -
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(Marketwire via COMTEX) ----The following issue(s) will resume trading on the TSXV: Company UPPER CANADA GOLD CORPORATION formerly Washmax Corp. TSXV Symbol UCC formerly WMC.H Resumption Time February 9, 2010 9:30 AM EDT SOURCE: Investment Industry
By Azerbaijan News.Net,
February 8, 2010 at 10:42 PM -
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Feb. 9 (Bloomberg) -- Mongolia, the Asian nation with some of the world’s largest untapped mineral resources, is considering setting up separate companies owning the country’s gold, copper and coal reserves and using investment banks to sell shares
By Seeking Alpha,
February 8, 2010 at 9:00 PM -
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Hard Assets Investor submits: By Brad ZiglerLast week really tested the mettle of metal-owners. An early-week bullish head fake was followed by some nasty selling that left COMEX spot gold nearly $31 an ounce lower for the week. Long liquidation was the name of the game on Wednesday and Thursday, but Friday the shorts rushed in. Well, maybe not rushed, but they weren't walking to get to the trading rings, that's for sure. Open interest rose nearly a percentage point for the week as shorts and longs passed each other at the doorway. »
By Yahoo! Canada,
February 8, 2010 at 8:26 PM -
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2010) - Gold Bullion Development Corp. (TSX VENTURE:GBB - News; the 'Company' or 'Gold Bullion') is pleased to announce additional assay results from its first two phases of drilling at the Granada Gold
By Minesite,
February 8, 2010 at 8:24 PM -
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The Trend Is Your Friend Until The Bend At The End: Man Group's Woes Offer A Cautionary Tale To Commodities Investors By Rob Davies The rout in commodity prices continues, driven by a strong dollar and a general move away from assets deemed too risky. A
By Seeking Alpha,
February 8, 2010 at 7:30 PM -
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Harmony Gold Mining Company Limited (HMY)
F2Q10 (Qtr End 12/31/09) Earnings Call Transcript »
By Mineweb,
February 8, 2010 at 6:16 PM -
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Randgold Resources has come up with strong figures for Q4 and for the whole of 2009 and has sharply increased its dividend and has a significant new project pipeline ahead.
By Zibb,
February 8, 2010 at 4:23 PM -
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Company: Gold Fields Ltd. (GFI) SmarTrend identified a Downtrend for Gold Fields (NYSE:GFI) on December 18, 2009 at $13.63. In approximately 2 months, Gold Fields has returned 16.7% as of today's recent price of $11.35. Gold Fields is currently below its
By Islands Business,
February 8, 2010 at 4:20 PM -
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The Papua New Guinea Government must investigate the conduct of police who burnt down homes and threatened people with guns while illegally evicting them from land next to one of the biggest gold mines in the country, Amnesty International said today.
By David Levenstein,
February 8, 2010 at 4:19 PM -
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The recent sell-off in gold indicates the correction is nearly complete.
Sometimes markets seem to defy logic. Recently we have seen a “rush to safety” back into the U.S. dollar. But, what is safe about the US dollar when the national debt of the US is approaching 12 trillion, unemployment is at 9.7 and [...]
By Huddersfield Daily Examiner,
February 8, 2010 at 2:20 PM -
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MINING firms rallied on the London stock market today after two blue chip players provided welcome cheer for investors. West African gold producer Randgold Resources leapt to the top of the FTSE 100 Index with a 6% hike after it revealed that fourth
By Los Angeles Business,
February 8, 2010 at 2:20 PM -
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LEXINGTON, Ky., Feb. 8 /PRNewswire-FirstCall/ -- VirtualHealth Technologies, Inc. (OTC Bulletin Board: VHGI) announced today that its subsidiary, VHGI Gold, LLC, has entered into a letter of intent to purchase certain acreage, mining claims and
By Mining Weekly,
February 8, 2010 at 2:15 PM -
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JOHANNESBURG (miningweekly.com) – Gold explorer Voyager Resources has initiated a due diligence study on the Tsagaan Chuluut gold project, in Mongolia, in which it had the option to acquire an 80% stake. The Tsagaan Chuluut project is 3 971 ha in size,
By Canoe Money,
February 8, 2010 at 2:11 PM -
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Canada's main stock market index could open higher on Monday as firm gold and energy prices and a deal by Canpotex to sell about 350,000 tonnes of potash to China's Sinofert could help boost the commodity-laden index. But persistent worries over euro
By CommodityOnline,
February 8, 2010 at 1:02 PM -
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Gold closed lower in US trading on Friday at $1 057 oz. It traded sideways in Asian trading prior to jumping from $1 066 oz to $1 073.50 oz in early trade in Europe.
By Minyanville,
February 8, 2010 at 12:57 PM -
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Gold, silver, and mining stocks have been declining very rapidly in the past several weeks and have now reached (or are even below) our previous target areas for this downswing. Is this a buying opportunity, or should precious metals investors take
By Mineweb,
February 8, 2010 at 12:12 PM -
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In the largest Turkish IPO since Turk Telecom, the gold miner offered 30% of its share capital to investors, giving it a market value of 2.2bn lira
By Seeking Alpha,
February 8, 2010 at 11:36 AM -
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Mark O'Byrne submits: Gold: Gold closed lower in US trading on Friday at $1,057/oz. It traded sideways in Asian trading prior to jumping from $1,066/oz to $1,073.50/oz in early trade in Europe. Gold is currently trading at $1,070.20/oz and in euro and GBP terms, gold is trading at €783/oz and £688/oz respectively. Gold’s 2.7% fall (in US dollars) last week led to further technical damage and may embolden some traders to short the market. However, the supply demand fundamentals remain sound and could see gold supported above previous resistance at $1,030/oz. Especially as interest rates remain near zero and macroeconomic and systemic risk remains elevated. Safe haven investment demand may be boosted by sovereign contagion risk. While European stock markets have eked out gains this morning, concerns of financial contagion due to the risk of a large sovereign default linger. This may lead to continuing risk aversion until these concerns are allayed. While all of the focus has been on European sovereign debt issues, it should be remembered that the US faces similar challenges (both at national and state level as in California) and Treasury Secretary Geithner yesterday sought to dispel concerns regarding the US budget deficits and federal deficit by saying that the US would “never” lose its AAA credit rating (see news below). »
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