Gold Surges to Record on Haven Demand

Source: Bloomberg, Pham-Duy Nguyen and Nicholas Larkin (7/25/11)

"Gold futures rose as U.S. lawmakers failed to reach an agreement on raising the federal debt limit."

Bloomberg, Pham-Duy Nguyen and Nicholas Larkin

Gold futures climbed to a record $1,624.30 an ounce as U.S. lawmakers failed to reach an agreement on raising the federal debt limit, boosting demand for the metal as a haven investment.

U.S. House Speaker John Boehner plans to press ahead with a two-step debt-limit extension that President Barack Obama has threatened to veto, fueling concern the nation is lurching toward a default as early as Aug. 2. Greece's credit rating was cut three notches by Moody's Investors Service. Europe's debt woes drove gold to all-time highs in euros and pounds last week.

Gold futures for August delivery rose $14.20, or 0.9%. . .View full article

Co. Expands Gold Project With Acquisition
Source: Mike Niehuser (04/23/2024)

With New Found Gold Corp.'s Queensway Gold Project has the potential to become a world-class gold district, according to a Roth MKM research note.

Testing at Project in Spain Shows High Grades of Zinc, Copper
Source: Streetwise Reports (04/23/2024)

Emerita Resources Corp. has announced preliminary test results from its ongoing metallurgical testing program at its wholly owned Iberian Belt West (IBW) project in Spain. Find out why one analyst called the company a "very attractive resource stock play."

Critical Minerals Co. Upsizes Private Placement Featuring Glencore
Source: Streetwise Reports (04/23/2024)

Stillwater Critical Minerals Corp. is upsizing by more than 50% a private placement that also features a lead order from major Glencore Canada Corp. Find out how the market for one of its target metals, copper, is heating up.

Expert Says Copper-Gold Explorer at Right Place at Right Time
Source: Clive Maund (04/23/2024)

Technical Analyst Clive Maund takes a look at Vortex Metals Inc. to explain why he believes the stock is a Strong Buy.

Ecuador Mining Expert With Green Credentials Joins Co.'s Board
Source: Streetwise Reports (04/22/2024)

BacTech Environmental Corp. announced that the president of the Board of Directors of the Mining Chamber of Ecuador has joined the green tech company's Board of Directors. Read why one expert calls the company's technology "uber-exciting stuff."