Wednesday, August 17, 2016

Gold ETF holdings drop for second day as gold hovers around $1,040

October 28, 2009 by · Leave a Comment 

Analysts expect a brief period of consolidation Read more….

Gold steadies at $1 050/oz in consolidation mode

October 16, 2009 by · Leave a Comment 

Gold steadied around $1 050 an ounce on Friday after falling more than $10 the previous day as the dollar pared recent losses, prompting the precious metal to consolidate from record highs hit earlier this week. Gold is often considered as a hedge against the US currency. Read more….

Capital Gold Group Report: Gold, ‘Off The Charts’, May Target $1,500: Technical Analysis

October 15, 2009 by · Leave a Comment 

By Glenys Sim Oct. 7 (Bloomberg) — Investors should hold onto long positions in gold as bullion has “significant upside potential” to reach as high as $1,500 an ounce, Barclays Capital said, citing trading patterns. “Having rallied ‘off the charts’, we are left to resort to projections and extrapolated trendlines to forecast where the move [...]

Uncertainty in Currencies Leads to Higher Gold Prices

October 13, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold: Gold closed Friday night trading at $1,048/oz and is currently trading $3 higher at $1,051/oz. In euro and GBP terms, gold is trading at €713/oz and £666/oz and has risen sharply in these currencies in recent days. Support for gold is currently seen at $1,040/oz and resistance at $1,062/oz. The record [...]

Inflation is Our Future

September 30, 2009 by · Leave a Comment 

The Daily Reckoning On one hand, the deflationists are claiming that given the extremely high debt levels in the West, further inflation is impossible. On the other side of the argument, many proponents of inflation are calling for Zimbabwe style hyperinflation. In this business, everyone is entitled to their opinion; however it is my contention [...]

Toro raises A$40m for Wiluna uranium project

September 15, 2009 by · Leave a Comment 

Uranium explorer Toro Energy on Tuesday reported that it had raised a total of A$40-million to assist in the development and first production from its key Western Australian uranium project, by 2012. Proceeds from the capital raising would be sufficient to fund all approvals and completion of a bankable feasibility study by 2011 for Toro’s [...]

Ride Gold with a Miner: Northgate Minerals

September 10, 2009 by · Leave a Comment 

Invest With An Edge submits: Precious metals are making news again. A combination of factors have pushed metals into the spotlight – especially gold. India’s wedding season is approaching along with hopes for a holiday buying spree. More important, fear of a falling dollar has caused the yellow metal to climb the charts yet again. [...]

Consolidation Is in the Air

September 6, 2009 by · Leave a Comment 

After a strong rally in the resource sector, a fast but furious wave of consilidation has struck many industries, but this is just a precursor to what lies ahead over the next several quarters. Just to name a couple off the top of my head….. – Suncor (SU) Buying Petro-Canada (PCZ). This will create an [...]