May 31

Gold prices drop as other precious metals see gains

Gold Price Comments Off on Gold prices drop as other precious metals see gains

Most precious metals prices saw gains Tuesday, but gold was slightly lower, with August contracts in New York dropping 50 cents to trade at $1,536.80 per troy ounce at the close of floor trade, ending the month 1.2 percent lower than it began. Gold prices were hurt as fewer investors felt compelled to look for […]

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May 31

Extorre Finds High-Grade Gold, Silver at Flagship Mine

Gold Price Comments Off on Extorre Finds High-Grade Gold, Silver at Flagship Mine

Reuters reported that Extorre (CVE:XG) shares were up after the company found high-grade gold and silver at the Cerro Moro mine. The market news is quoted as saying: The company said a total of 34 diamond drill holes define the 1.5 kilometre-long Zoe discovery at the Cerro Moro mine, of which one km of the […]

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May 31

Gold Futures Rise on Dollar’s Slump, Debt

Gold Price Comments Off on Gold Futures Rise on Dollar’s Slump, Debt

Bloomberg reported that a weak dollar and European debt concerns caused gold futures to increase.

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May 31

Paramount Gold and Silver Updates Progress on San Miguel and Sleeper Projects

Gold Price Comments Off on Paramount Gold and Silver Updates Progress on San Miguel and Sleeper Projects

Paramount Gold and Silver Corp. (AMEX:PZG,FRA:P6G,TSE:PZG,WKN:A0HGKQ) announced that its Preliminary Economic Assessments are progressing well.

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May 31

Northern Lion Drills 41 Metres of 0.89 g/t Gold Including 6.6 Metres of 4.77 g/t Gold at St. Nik Project

Gold Price Comments Off on Northern Lion Drills 41 Metres of 0.89 g/t Gold Including 6.6 Metres of 4.77 g/t Gold at St. Nik Project

Northern Lion Gold Corp. (CVE:NL,FRA:N3E) announced additional results from the St Nik project in Cyprus.

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May 31

Kootenay Drills 146 gpt Silver eqv over 234m as 10,000 Meter Drill Program

Gold Price Comments Off on Kootenay Drills 146 gpt Silver eqv over 234m as 10,000 Meter Drill Program

Kootenay Gold Inc. (CVE:KTN) reports it has concluded the final holes of its 10,000 meter drill program on its Promontorio silver project in Sonora, Mexico.

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May 31

The Economist and Gold

Gold Price Comments Off on The Economist and Gold

Gold, scarcity and the “industrially useless” fallacy…

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May 31

Really Minister? No Inflation Problem?

Gold Price Comments Off on Really Minister? No Inflation Problem?

Few things are more unnerving than a reassured politician…

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May 31

The Stock Market Rally That Never Was

Gold Price Comments Off on The Stock Market Rally That Never Was

Stocks priced in gold have gone nowhere since 2009…

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May 31

1971 vs 2011

Gold Price Comments Off on 1971 vs 2011

What is remarkable about the gold price is not that it is so high, but that it is so low…

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