Golds up in weaker US market
Generally gloomy economic news and weakness in the “new-economy” stocks brought the U.S. stock markets down over the report period May 15-21. The broadly based Standard & Poor’s 500 index fell 17.4 po…
McEwen Mining Inc
Golds power US market
With gold prices firming up well above the US$300-per-oz. mark, investors in U.S.-traded gold stocks enjoyed another week of strong gains.Gold Fields shot up $1.70 to US$13.80 on heavy volume as the S…
Mixed results from metals producers
U.S. markets enjoyed a small boost over the March 13-19 report period, with the Dow Jones Industrial Average rising 2.9 points to finish at just over 10,635 and the Standard & Poor’s 500 adding 4.7 po…
Turmoil rocks Durban Deeps
Over the report period ended March 5, another blow was struck against the image of South Africa as a serious gold-mining country: the country’s government took the unusual step of barring Durban Roode…
Producers rise with yellow metal
Despite little substantive news from the bullion markets over the report period ended Feb. 25, gold prices still managed to stage a significant rally and closed up $5 to just under US$300 per oz.The U…
What’s in store for the US dollar and gold?
In a short essay titled Making sense of the gold price, Paul van Eeden of Rick Rule’s San Diego-based Global Resource Investments makes a compelling case for buying gold to protect against a weakening…
Gold outlook promising
Spot prices challenged the US$280-per-oz. level during the first few days of the new year, and the London morning fix of Jan. 7 was holding steady in that region. The U.K. gold auction of Jan. 9 was t…
Cut in Bank of Canada rate falls on deaf ears
Hoping to boost investor confidence, the Bank of Canada shed 75 basis points from its key lending rate on Oct. 23, bringing it to a 40-year low. But so far, the decision appears to have backfired: the…
Sudbury Contact drops Tonkin Springs (September 24, 2001)
Denver — Sudbury Contact Mines (SUD-T) has withdrawn from the Tonkin Springs joint venture in central Nevada, citing poor exploration results.The company, which was earning a 60% stake in the project…
Metals give back August gains
After another poor week, base metals markets ended back at their recent lows and have now given back almost all of the gains made in August’s second half rally.Nickel has fared worst of all, cementing…
US Gold gains Mexican base metal property
Denver — After concentrating for years on the Tonkin Springs gold project in Nevada, U.S. Gold (USGL-O) is shifting its focus to a silver-lead-zinc property in Mexico.The company leased the 47-ha Zim…
Demand for gold rises
The first quarter of 2001 saw further healthy growth in gold demand.Demand for gold jewelry and personal investment in the 27 leading gold-consuming countries rose to 826 tonnes, which is 5% higher th…