William Rhind, Head of US Operations for ETF Securities described his perspective on relative gold price movements, “we are going to see a little bit more consolidation and stability around the gold price we saw a big move in the last few days over $100 as its moved up from its low in the $1500s.I think that right now we are looking for a little bit of stability.”
“You wanna do what?! Make a Gold Investment…?!“
The Greater Depression is on, says Doug Casey. Next up, a true Dollar crisis…
Investment meltdown has pulled the Gold Price down. How…?
Europe’s debt disaster has become a farce. But tragedy beckons…
Pan American Goldfields (OTC:MXOM) reported that is has executed the definitive agreement with Minero Rio Tinto (MRT), a private Mexican company, for the restructure of its Cieneguita JV and significant increase in gold and silver production at the Cieneguita project.
Gold Canyon Resources Inc. (CVE:GCU,PINK:GDCRF) announced that drilling has confirmed extended mineralization at the Portage Zone.
Reuters reported that Reliance Spot Exchange is targeting smaller jewellers by trading 100 gram and 1 kilogram gold contracts.
Bloomberg reported that Severstal (LON:SVST) intends to sell its Nord Gold unit.
Bloomberg reported that a weaker dollar boosted demand for an investment haven, causing gold and silver prices to rise.
