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Final decline in Precious Metals is underway
Two weeks ago we penned Gold Bear to end with a Bang, and noted the increasing probability that precious metals could be headed for a plunge to new lows ahead of a final major bottom. Two weeks later...
View ArticleGold trades near 4-month low as Iran accord damps haven appeal
Gold traded near a four-month low as the accord between Iran and world powers damped demand for haven assets, while holdings in exchange-traded products extended declines. Silver sank to the lowest in...
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Gold roiled after Iran deal reached
Gold remained unchanged Friday, closing at $1,243.20/oz. Silver slipped $0.12 or 0.6% closing at $19.87/oz. Platinum fell $5.50 or 0.4% to $1,437.74/oz, while palladium dropped $6.50 or 0.9% to...
View ArticleDetour Gold slumps after CEO resigns
Detour Gold Corp. (DGC), the operator of the Detour Lake mine in Ontario, slumped the most in more than six years after saying Gerald Panneton resigned as chief executive officer as it faces “near-term...
View ArticleGoldsource Mines and Eagle Mountain Gold to merge
Goldsource Mines (CVE:GXS) and Eagle Mountain Gold Corp. (CVE:Z) (OTCQX:EMGCF) have agreed, on a preliminary basis, to merge in an all-share deal that will see each company hold 50% of the newly...
View ArticleGold futures settle near five-month low
Gold futures on Wednesday settled at their lowest level since early July, pressured by strength in the dollar as traders mulled the metal’s appeal against a backdrop of rising U.S. consumer sentiment...
View ArticleGold heads for worst monthly performance since June on tapering
Gold headed for a third monthly loss on speculation that the Federal Reserve will begin reducing monetary stimulus as the U.S. economy strengthens, damping demand for haven assets. Bullion for...
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Should investors avoid Detour Gold?
Canada’s struggling gold sector claimed another scalp this week, when Detour Gold Corp. President and CEO Gerald Panneton abruptly resigned, raising speculation that his departure may have followed a...
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Junior gold stocks follow Alice down the rabbit hole
Lewis Carroll’s Alice in Wonderland is a timeless tale that chronicles the journey of a young girl into a psychedelic fantasy land. This tale is one that turns logic upside down, and takes us into a...
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Gold storage in Switzerland on the rise
Gold climbed $13.60 or 1.07% Friday, closing at $1,251.20/oz. Silver rose $0.31 or 1.58% closing at $19.99/oz. Gold and silver were both up for the week at 0.64% and 0.60%, respectively. Platinum edged...
View ArticleAnalysts line up to declare “decline & fall” of Gold
Wholesale gold trimmed Monday’s 2.6% loss in Asian and London trade Tuesday morning, with a brief rally to $1226 per ounce as world stock markets fell after Wall Street retreated from record highs....
View ArticlePaper Gold traders overpowering physical holders
The U.S. COMEX gold futures (COMEX:GCG14) declined 2.38% this week to $1,220.80 on Tuesday. The price touched $1,214.60 earlier in the day after a plunge of 2.29% on Monday. Year-to-date, the gold...
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Newmont Mining is selling off Nevada mine for $83 million
Newmont Mining Corp plans to sell its Midas underground mining operation and mill complex in Nevada to Canada’s Klondex Mines Ltd. for $83 million in a move a Newmont executive said is aimed at...
View ArticleGold, silver fall as traders expect Fed exit
The latest signs of strength in the U.S. economy prompted traders to dump gold and silver futures in anticipation of the Federal Reserve winding down its stimulus program. Gold fell $15.30 to $1,231.90...
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China October Gold imports surge to second highest ever
Overnight, China reported its biggest trade surplus in almost five years, when November net exports hit $33.8 billion, up from $31.1 billion in October, and 50% above the $21.2 billion consensus...
View ArticleHedge fund Gold wagers slump to lowest since 2007
Hedge funds are the least bullish on gold since 2007 as signs of faster U.S. economic growth bolster the case for the Federal Reserve to trim stimulus and cut demand for haven assets. The net-long...
View ArticleGold ETF selling continues
The price of wholesale gold held steady around $1230 per ounce in London trade Monday morning, ticking upwards as European shares slipped but Asian stock markets closed higher after strong data from...
View ArticleGold prices rally almost 1% despite Fed taper talk
Gold prices were higher on Tuesday, as investors shrugged off concerns the Federal Reserve might start tapering its bond-buying program at its upcoming policy meeting. On the Comex division of the New...
View ArticleGold futures cap biggest advance in seven weeks on Dollar drop
Gold capped the biggest advance since mid-October as the dollar weakened, boosting the appeal of the precious metal as an alternative investment. Silver reached the highest in almost three weeks. The...
View ArticleGold prices mark first fall in three sessions
Gold futures on Wednesday retreated from a three-week high to finish lower for the first time in three sessions as a U.S. budget deal helped dull investment demand for the precious metal. Gold for...
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