Gold Prices Reflect Disappointment of Fed Meeting

Source: Gold Investing News, Dave Brown (6/22/12)

"The markets had been anticipating further monetary easing, which would enhance demand for gold as an alternative asset class to store value by placing downside pressure on the dollar."

Gold Investing News, Dave Brown

Gold prices contracted for the biggest one-day decline this month after the Federal Reserve disappointed expectations of more aggressive monetary stimulus. On Wednesday, Operation Twist was expanded, enabling the Fed to sell short-term debt securities in order to buy longer-term ones, reducing long-term borrowing costs by $267 billion. Originally scheduled to expire at the end of June, the program is now projected to run until the end of the year.

The markets had been anticipating further monetary easing to maintain pressure on long-term interest rates and thereby keep the opportunity cost of holding gold relatively low. Increased monetary easing would also enhance demand for gold as an alternative asset class to store value by placing downside pressure on the dollar. . .View Full Article

Is a Commodities Super Cycle on the Way?
Source: Streetwise Reports (04/19/2024)

Are we at the start of a commodities supercycle? We sat down with McAlinden Research to see what they had to say about the current state of commodities.

Idaho Gold Project Could Produce One-Third of Critical Antimony for US
Source: Streetwise Reports (04/18/2024)

Perpetua Resources Corp.'s Stibnite gold project in Idaho is also expected to provide as much as 35% of the United States annual demand for the critical metal antimony. Find out why analysts are recommending this developer.

Vancouver Explorer Sees 'District-Scale' Project in Colo.
Source: Streetwise Reports (04/18/2024)

Metallic Minerals Corp. announces that all four holes drilled at its Newmont-backed La Plata project in Colorado intersected porphyry-style mineralization from the surface and over their entire lengths.

Field Work Points to Copper Porphyry at Idaho Asset
Source: Streetwise Reports (04/18/2024)

To prove this out, the Canadian company plans additional exploratory work, to commence next month. Read on to learn more about this compelling project.

Gold Co. Sets New Drill Targets for Mexican Project
Source: Streetwise Reports (04/18/2024)

Centenario Gold Corp., fresh off the results of its maiden drilling program at its Eden gold-silver property in Mexico, is outlining new drill targets across the property. At the same time, prices for the precious metal are taking off.