Saturday, April 30, 2016

Friday, April 29, 2016

Gold Prices Go Viral, Reach Highest Level Of The Year, But Can't Break $1300. Is it Similar to S&P 2100?

The June Gold Contract closed at 1294.90 on Friday after trading a dollar shy of the magical $1300 level. Since last Friday’s close, Gold has risen $61.20 or 4.96%. While it’s too early to say if Gold will have a difficult time breaching the $1300 level, it is a good [...]

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CANADA STOCKS-TSX rises to a 6-month high, led by gold miners

TORONTO, April 29 (Reuters) - Canada's main stock index rose to a six-month high on Friday as mining stocks surged on higher gold and base metals prices, while shares of its largest airline jumped...


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BRIEF-Southern Silver Exploration to issue up to 10 mln units at $0.10/unit

* Southern silver announces equity financing for Oro Gold project drill program, New Mexico


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Thursday, April 28, 2016

Gold Solidly Higher On Safe-Haven Demand, Technical

Gold prices were ending the U.S. day session with solid gains and near the daily high early Thursday afternoon.

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Wednesday, April 27, 2016

BRIEF-Detour Gold repurchases $75 million of convertible notes

* Says notes were repurchased from Paulson & Co. inc. using existing cash balances Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)


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Goldcorp swings back to profit in first-quarter

April 27 (Reuters) - Goldcorp Inc returned to a profit in the first-quarter on the back of higher production and lower costs, the Canadian gold producer said on Wednesday.


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A.M. Kitco Roundup: Gold, Silver Higher On Bullish Outside Markets; FOMC On Deck

Gold and silver prices are moderately higher in early U.S. trading Wednesday, amid bullish outside markets that include higher crude oil prices and a lower U.S. dollar index.

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Tuesday, April 26, 2016

Gold Sees Modest Gains as Bulls Continue to Show Resilience

Gold prices ended the U.S. day session firmer Tuesday. The key “outside markets” were in a bullish posture for the precious metals markets, as the U.S. dollar index was lower and crude oil prices were solidly higher.

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Gold demand from Asia plummets in first quarter -GFMS

* Global physical gold demand slides 24 pct in Q1 * Chinese, Indian jewellery buying drops sharply By Jan Harvey LONDON, April 26 (Reuters) - Gold prices that hit a 13-month high last...


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Gold Weaker, Needs Fresh Dose of Bullish News

Gold prices are moderately lower in early U.S. trading Tuesday. The yellow metal is languishing amid a lack of fresh, bullish fundamental news.

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UPDATE 1-Barrick Gold reports a quarterly loss

April 26 (Reuters) - Barrick Gold Corp, the world's largest gold producer, reported a quarterly loss, compared with a year-earlier profit, as asset sales weighed on production and realized prices...


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UPDATE 1-Barrick Gold reports a quarterly loss

April 26 (Reuters) - Barrick Gold Corp, the world's largest gold producer, reported a quarterly loss, compared with a year-earlier profit, as asset sales weighed on production and realized prices fell.


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Monday, April 25, 2016

BRIEF-Finland's Outotec to deliver process equipment in Burkina Faso

* Outotec to deliver process equipment for Houndé Gold Operation SA, a subsidiary of Endeavour Mining Corporation, in Burkina Faso


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Celebrity Chef Harlan Goldstein To Open Four Restaurants In Central, Hong Kong

Italian restaurant Ee Da Le will launch first in July then Thai establishment My Tai Tai. Next up is a Latin-inspired bar and restaurant called Mamasita’s Cantina followed by a two-floored concept titled Eat Me Drink Me by Harlan Goldstein, which will serve "a bit of everything" menu. All four [...]

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PRECIOUS-Gold climbs as dollar lends support ahead of Fed meeting

* GRAPHIC-2016 asset returns: http://reut.rs/1WAiOSC (Updates prices; adds comment, second byline, NEW YORK dateline)


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Saturday, April 23, 2016

Is Burj Al Arab in Dubai the Most Luxurious Hotel in the World?

The answer is yes if you believe that what determines the degree of luxury is unapologetic opulence and indulgent personal service that spoils you rotten 24/7. However, the exuberant interior -- picture gold leaf, leopard upholstery, embroidered silk wallpaper everywhere -- might not suit everyone’s taste. I was wondering if Burj [...]

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Digital Gold 'Done Right' With DigixDAO Crypto-Trading On OpenLedger

The idea of digital gold is nothing new. Essentially it’s a development of representative money back in the days of the gold standard. Instead of handing over pieces of gold, which are cumbersome to transact and risky to transport and store, instead one would hand over a piece of paper [...]

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Friday, April 22, 2016

BRIEF-Carmax Mining Eaglehead Property reinstated

* Received decision of chief gold commissioner for British Columbia exercising discretion to reinstate mineral claim number 1034634


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CANADA STOCKS-TSX dips as gold stocks drag rises 1.7 percent for week

TORONTO, April 22 (Reuters) - Canada's main stock index edged lower on Friday as gold stocks dragged, while higher oil prices supported energy stocks.


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Volkswagen Posts $4.6 Billion Loss In Wake Of Emissions Scandal

Volkswagen may have reached a preliminary settlement deal in its emissions-cheating scandal, but the German automaker's problems are far from over.

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Randgold: A Good Investment And A Hedge Against Many Bad Scenarios

Gold peaked at $1,921 per ounce in 2011. Since that peak, it has dropped as much as 45% to as low as $1,050 oz in 2015. Thomas Pound, one of our Marketocracy Masters, says Randgold Resources (NASDAQ: GOLD) is a good way to benefit from gold's recovery, and it plays an important role in his strategy for dealing with market downturns.

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Thursday, April 21, 2016

BRIEF-Marathon Gold announces $2 mln bought deal unit

* Announces $2.0 Million Bought Deal Unit And Flow-Through private placement


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BRIEF-Endeavour Mining Corp's shareholders approve issuance of up to 1.6 mln new shares to La Mancha Holding

* Endeavour and True Gold shareholders approve acquisition transaction


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