Gold Continues Higher as Dollar Slips Further

Source: Thomson Financial (10/23/07)

"Gold prices recovered at least half of yesterday's net losses...as the US dollar moved lower once again. A recovery and stabilization of global equity markets helped matters for bullion," said Kitco analyst Jon Nadler.

Gold continued higher as the dollar slipped further in afternoon trades, and as equity markets continued their recovery.

Wall Street opened higher today, extending yesterday's rebound from the Friday sell off, while European stock markets held onto earlier gains amid improved risk appetite.

"Gold prices recovered at least half of yesterday's net losses...as the US dollar moved lower once again. A recovery and stabilization of global equity markets helped matters for bullion," said Kitco analyst Jon Nadler.

At 3.28 pm, spot gold was up at 757.65 usd an ounce against 755.60 usd in late New York trades yesterday, when it fell more than 1 pct on losses in global equity markets, a recovering dollar and weaker crude oil prices.

Last week, gold rose to a 28 year high of 770.90 usd an ounce.

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."