(Marketwire) – Orvana Minerals Corp. (TSX: ORV.TO) today announced that it has extended its all-cash offer of C$0.55 per share for all outstanding common shares of Kinbauri Gold Corp. (TSX VENTURE: KNB.V). The bid is now set to expire at 9 am EDT on July 13, 2009. All other terms of the offer described in [...]
Gold is on track for a 5% decline in June, but a 2% rise in the second quarter and 6% rise in the first half of 2009. June is typically the best month of the year to buy gold at an average 10% low for the year. Most analysts are projecting gold prices will end [...]
London Gold Market Report THE PRICE OF GOLD eased back from a 3-session high of $945 an ounce early in London on Tuesday, dropping back as European stock markets dipped and government bond prices ticked lower worldwide. Only short-dated German Bunds rose, buoyed by bad economic news and pushing 1-year yields down to 0.81% ahead [...]
Gold was slightly lower overnight as it consolidates some of last week’s rally. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 944.10 would confirm that a short-term low has been posted. If August renews this month’s decline, the reaction low [...]
Gold closed lower on Monday due to light profit taking but remains above the 10-day moving average crossing at .9338. A short covering rally tempered early gains and the high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are [...]
IAMGOLD confirms option agreement on La Arena and equity position in Mexican Silver Mines (IAG) 10.30 -0.18 : Co announced it has acquired 8,024,511 common shares and 1,500,000 warrants of Mexican Silver Mines having had the same number of common shares and warrants of Rio Alto Mining Limited immediately prior to the amalgamation with Mexican [...]
(MarketWatch) — Gold futures reversed earlier gains Monday, falling for the first session in five as the U.S. dollar edged higher against the euro, reducing the metal’s investment appeal. Copper also moved higher. Helping the U.S. currency, China’ central bank governor ruled out any “sudden” changes to its foreign-exchange reserves. August gold slid $5, or [...]
“Gold Prices Seen Trending Higher, said Peter McGuire, MD of Commodity Warrants Australia, reports CNBC video. Expect to see a softer U.S. dollar over the course of this week,” predicts Stephen Roberts, chief economist at Nomura.
August gold was higher overnight as it extends last week’s rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 946.40 would confirm that a short-term low has been posted. If August renews this month’s decline, the reaction low crossing at [...]
Today Adam Hewison will be talking about energy fields in the gold market and how you can put them to your advantage to make money. The video is short in duration, only four minutes, but he’ll give you specific levels to look at should certain events take place. He suspects that these events will occur [...]