The Gold Report
Gold was up Tuesday morning in U.S. trading as the dollar moved back lower against the euro and other major currencies. December gold added $5.50 to trade at $744.20. The rise erased some of the losses from Monday's session. For the most part, gold has been relatively range-bound for a few weeks, near a long-term high.
The greenback was firm in early morning trading but has seen weakness over the last few hours. Gold generally moves opposite the dollar as traders often turn to the precious metal as a hedge. Bullion had moved to a 27-year high recently as the greenback moved at record lows against the euro.
...Silver moved sharply higher as well on Tuesday and reached a weekly high. December silver added 27.5 cents to reach $13.635. The move easily erased the metal's losses from the previous session.
Notable Quotes
"Drilling the remaining strike length could more than double INM's La Cigarra resource." (5/22/13) International Northair Mines Ltd. - The Gold Report Interview with Maria Smirnova More >
"BAR's Bug Lake zone has grown by 350m and remains open." (5/14/13) Balmoral Resources Ltd. - Erik Bermel, M Partners More >
"ROG's Burkina Faso deposit will be easy to mine, inexpensive to build and very profitable." (5/20/13) Roxgold Inc. - The Gold Report Interview with Brent Cook More >
"Our rating for GWG remains a Strong Buy; the risk is worth taking." (5/17/13) Great Western Minerals Group Ltd. - Jon Hykawy, Byron Capital Markets More >
"SVB will be the next silver company to be taken out." (5/17/13) Silver Bull Resources Inc. - Bob Moriarty, 321 Gold More >
Gold Prices Move Back Higher Again
Source: RTTNews (10/9/07)
Gold was up Tuesday morning in U.S. trading as the dollar moved back lower against the euro and other major currencies. December gold added $5.50 to trade at $744.20. The rise erased some of the losses from yesterday's session.
More Experts
"Drill results from BAR's Martiničre indicate a growing, fertile gold system." (5/13/13) Balmoral Resources Ltd. - Eric Lemieux, Laurentian Bank Securities More >
"We reiterate our Buy recommendation on SVL." (5/16/13) SilverCrest Mines Inc. - Kwong-Mun Achong Low, Jennings Capital More >
"TGZ's Q1/13 production and reduced spending positively impacted NAV." (5/16/13) Teranga Gold Corp. - Barry Allan, Mackie Research Capital More >
"We continue to rate shares of MND Outperform." (5/16/13) Mandalay Resources Corp. - Chris Thompson, Raymond James More >
"NGC is one of the few graphite companies to have completed a feasibility study." (5/15/13) Northern Graphite Corporation - Ron Struthers, Resource Stock Report More >