Lundin Mining earned $3,7m in Q3
October 29, 2009 by goldguru · Leave a Comment
Toronto-based Lundin Mining on Thursday posted net income for the third quarter of $3,7-million, compared with a $199-million net loss a year earlier. The company recorded a large writedown in the third quarter of 2008. Read more….
Buy Gold Bullion
October 28, 2009 by goldguru · Leave a Comment
When strictly short-term investors buy gold bullion, many of them prefer the affordability of bullion bars, because their utter simplicity warrants the lowest possible investment- grade gold price. Short-term investors generally purchase one- ounce, and/or ten-ounce bars, whose prices usually hover slightly above the current gold spot price, which is the cost of one Troy-ounce [...]
Castle enters support agreement with suitor Argonaut Gold
October 28, 2009 by goldguru · Leave a Comment
TSX Venture Exchange-listed Castle Gold has signed a support agreement with privately-owned Argonaut Gold, which is planning to offer at least C$1,25 a share for the company, and could increase the price if gold gets more expensive over the next two months. Castle Gold’s main asset is the El Castillo mine, in Mexico’s Durango state. [...]
Gold steadies around $1 040, ETF dips second day in row
October 28, 2009 by goldguru · Leave a Comment
Gold prices steadied around $1 040 an ounce on Wednesday, recovering from three-week lows hit the day before when the dollar strengthened against the euro. The dollar held gains against a basket of currencies on Wednesday while the yen rose, as investors trimmed positions in higher-yielding currencies as stocks fell on weaker-than-expected US consumer confidence [...]
Gold ETF holdings drop for second day as gold hovers around $1,040
October 28, 2009 by goldguru · Leave a Comment
Analysts expect a brief period of consolidation Read more….
International Civil Rights Center and Museum Commemorative Coin Act
October 27, 2009 by goldguru · Leave a Comment
Two new bills, one in the U.S. Senate and the other in the U.S. House of Representatives, seek to introduce a maximum of 1,000 silver $1 coins in 2010 "commemoration of the opening of the International Civil Rights Center and Museum, each of which shall." Observers of coin legislation will quickly ponder the lateness in [...]
Dollar Wobbles on Chinese Currency Diversification Concerns
October 27, 2009 by goldguru · Leave a Comment
Mark O’Byrne submits: Gold Gold closed trading at $1,039.80/oz In euro and GBP terms gold is trading at €699/oz and £635/oz. Support for Gold is currently seen at $1,030/oz and resistance at $1,053/oz. Gold fell yesterday as oil prices and equities came under pressure and the dollar rose. The dollar has fallen marginally today after [...]
Inmet Q3 earnings slide 18%, cuts full-year output targets
October 27, 2009 by goldguru · Leave a Comment
Canada’s Inmet Mining reported third-quarter net income of C$61,55-million on Tuesday, compared with C$75,06-million in the same period last year, and lowered its production forecasts for 2009. On a per share basis, profit slid 29%, to C$1,10 a share, from C$1,55 a year earlier. Read more….
Silver containing wound dressing launched into $15 billion global market
October 27, 2009 by goldguru · Leave a Comment
In yet another medical application for silver, Advanced Medical Solutions has launched a silver-containing wound dressing for the global woundcare market. Read more….
Silver Prices Bounce Back in NY and London
October 26, 2009 by goldguru · Leave a Comment
Silver prices returned with some luster following their declines last week when prices slumped below yearly highs. The metal enjoyed weekly gains of 2.0 percent in London and 1.7 percent in New York — both closing at their at their highest weekly levels this year. New York silver futures for December delivery finished Friday at [...]
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