Bear Stearns analysts said on a conference call discussing their outlook for metals and currencies on Tuesday that an expected quarter-point rate cut from the U.S. Federal Reserve on Wednesday could see gold prices moving over the $800 an ounce mark within a week. A half point cut would see a strong upside move in gold and silver, they added. However, they also noted that if the Fed doesn't cut rates, then the price may test the $770 an ounce level.
"PRB's discovery is important for Ontario because it changes the whole geological understanding of this part of Canada." (4/21/14) Probe Mines Limited - The Gold Report Interview with Willem Middelkoop and Terence van der Hout More >