Gold Set to Stabilise in the $680s

Source: London (Platts) (9/5/07)

Better news coming out of the US is set to support London gold despite increased selling in Asia overnight, according to one European trader.

Better news coming out of the US is set to support London gold despite increased selling in Asia overnight, according to one European trader.

"We saw a bit of profit-taking yesterday, but we've done the retracement now and I think we're on for a bit of a recovery," said the trader on Wednesday. "I think the price could be heading towards the mid-$680s on Wednesday as the subprime news coming out of the US is much better. So, as long as there's no more surprises today we should be fairly steady."

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."