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  • Gold Hits Fresh Record Higher in USD, Euro and GBP 24 Nov 2009 20:16 GMT
    ... THE PRICE OF WHOLESALE gold in the professional market hit a new ... telling smaller clients this July that their metal "will be returned to the address of record...at ... supply side, John Holliday, head of Newcrest Mining's global projects team, told delegates at the ...

  • Paulson starts gold fund amid record prices 19 Nov 2009 02:52 GMT
    ... new gold fund as prices for the metal hit record highs. Funds run by the ... will focus on shares and derivatives of mining companies rather than the physical commodity, the ... It also owned shares in the gold miners AngloGold Ashanti and Kinross Gold. The move ...

  • Gold - "Never stand in the way of raging bull" or should it be "caveat emptor"? 19 Nov 2009 07:50 GMT
    ... HOME > GOLD ANALYSIS Gold - "Never stand in the ... gold guru Jeff Nichols of American Precious Metals Advisors has come up with some interesting comments ... "In addition, Barrick Gold, the world's largest gold-mining company, is committed to buying back its ...

  • Setting gold standard in warzones 20 Nov 2009 23:38 GMT
    ... - McClatchy-Tribune Information Services via COMTEX) -- mining entrepreneur Mark Bristow, is a pretty wild ... wild place. Judging by the history of Randgold Resources, the company he leads, that is, ... is, if anything, an understatement. The London-listed metal digger prospects in some of the continent's roughest ...

  • When the message is the same, who do you believe? 19 Nov 2009 02:54 GMT
    ... been limited to taking it from local mine production and scrap- a much cheaper method ... or precious metals. Indeed, he lists no mining companies among his holdings. Buffett doesn’t necessarily ... in Berkshire’s investment portfolio. But no gold miners.” Meanwhile, Marketwatch finds that some money managers ...

  • African Markets - Factors to watch on Nov 19 19 Nov 2009 06:50 GMT
    ... for first time in eight days, but miners capped the losses. AFRICAN MARKETS For all ... deficit as wide as 4.9 percent. GHANA MINING Ghana plans to double the amount mining ... three provinces of the southern African country, mines minister Maxwell Mwale said on Wednesday. BOTSWANA ...

  • African Markets - Factors to watch on Nov 20 20 Nov 2009 07:20 GMT
    ... global markets down on Thursday, led by miners on faltering commodity prices, but brewer SABMiller ... on fuel imports for its key copper mining industry. EMERGING MARKETS For the top emerging ... click on COMMODITIES For the latest precious metals report click on For the latest base ...

  • Central Banks Increasing Gold Reserves 18 Nov 2009 18:58 GMT
    ... around the world have collectively reduced their gold holdings by some ten percent. However, it ... powers will buy more of the precious metal to diversify their foreign-exchange reserves against a Earlier ... fiat monetary system and investment strategies on mining companies. Disclaimer: The opinions expressed above are ...

  • SA scrap metal company wants to mine diamonds in Zim 17 Nov 2009 11:34 GMT
    ... company part owned by , will manage mining on the deposit through it’s at least ... were found. As many as 20,000 illegal miners besieged the area, also known as Chiadzwa, ... reports of atrocities. New Reclamation and Zimbabwe’s mines minister didn’t return calls. “Marange wishes to ...

  • Mauritius becomes latest nation to buy gold 17 Nov 2009 10:31 GMT
    ... Fund, purchasing two tonnes of the precious metal. In spite of the small size of ... years as Beijing bought secretively from local miners. Gold prices surged on Monday to a ... reserves – according to data from the mining industry-backed World Gold Council. The purchase more ...

  • Gold to touch $5000 in 2010: Martin Hutchinson 18 Nov 2009 00:52 GMT
    ... Gold Price slipped from fresh all-time highs versus ... sold out of our exposure to Gold Mining and switched into Gold Bullion," he tells ... credit account taking the place of physical metal – rose above the 5-year average of $60bn ...

  • Gold - "raging bull" or should it be "caveat emptor"? 18 Nov 2009 10:50 GMT
    ... HOME > GOLD ANALYSIS Gold - "raging bull" or should ... gold guru Jeff Nichols of American Precious Metals Advisors has come up with some interesting comments ... "In addition, Barrick Gold, the world's largest gold-mining company, is committed to buying back its ...

  • Gold $5000 By End 2010 on Monetary Debauchment 17 Nov 2009 17:18 GMT
    ... THE PRICE OF GOLD retreated from its seventh new record high ... sold out of our exposure to gold mining and switched into gold bullion," he tells ... credit account taking the place of physical metal – rose above the 5-year average of $60bn ...

  • Gold retreats from record high as dollar rebounds 17 Nov 2009 15:20 GMT
    ... NEW YORK (MarketWatch) -- Gold futures retreated from their ... a key U.S. price index, reducing the metal's appeal as a hedge against a weaker ... 0.7%. The output of the nation's factories, mines and utilities rose 0.1% in October, the ...

  • Gold Is Not Just An Inflation Hedge 18 Nov 2009 19:37 GMT
    ... over time. "Central banks are looking at gold differently," Brebner says, citing fears over the ... in January and that could knock the metal down a bit. Risk aversion continues to be ... up much from here. Shares of gold mining stocks have advanced this year as well. ...

  • Is Record High Gold Cheap? 18 Nov 2009 18:58 GMT
    ... THE PRICE OF GOLD leapt in the professional market to yet ... – the global hedge book of gold mining companies is as good as closed, says ... Mead in the latest BNP Paribas Fortis Metals Monthly. "The bottom line is that the rally ...

  • Gold: Still Cheap Despite New Record High 18 Nov 2009 23:51 GMT
    ... Gold feels frothy today," wrote Société Générale analyst ... week earlier. Can this dumb lump of metal get any livelier? Well, claiming that "there is ... – the global hedge book of gold mining companies is as good as closed, says ...

  • Gold dips from record as dollar rebounds 17 Nov 2009 17:52 GMT
    ... But providing some support, the International Monetary Fund said ... it has sold 2 metric tons of gold to Mauritius. On the Comex division of ... fluctuations. A major hedging reduction by Canadian miner Barrick Gold Corp. ...

  • Gold pulls back from record as dollar rebounds 17 Nov 2009 17:00 GMT
    ... But providing some support, the International Monetary Fund said ... it has sold 2 metric tons of gold to Mauritius. On the Comex division of ... Separately, the output of the nation's factories, mines and utilities rose 0.1% in October, Federal Reserve ...

  • Record-High Gold is "Cheap" Says SocGen, as "Minskian Gold Mania" Begins Stage Two 18 Nov 2009 15:14 GMT
    ... rate of inflation. Back in the professional gold market, "Central banks to the rescue as dehedging ... gold dehedging" the reduction by gold mining companies of those forward sales they made when ... additional 374 tonnes of gold demand [per year]...more than South African gold production or US ...

  • African Markets - Factors to watch on Nov 18 18 Nov 2009 06:50 GMT
    ... 14-month high on Tuesday, lifted by heavyweight miners but the rand lost ground on a ... the first quarter of 2010. SIERRA LEONE MINING Sierra Leone's parliament has passed the new Mines and Minerals Act 2009 which will hike ...

  • Indian Market Rises On Strong Global Cues 16 Nov 2009 11:52 GMT
    ... High-beta realty stocks outperformed followed by auto, metal and oil/gas stocks, while IT stocks closed ... issued a ruling in favor of Mexican mining conglomerate Grupo Mexico SAB to regain control ... SAB to regain control of U.S copper miner Asarco LLC. JSW Steel rose 3.11%, Tata ...

  • African Markets - Factors to watch on Nov 16 16 Nov 2009 06:10 GMT
    ... Monday. - - - - GLOBAL MARKETS Gold hit a record high on Monday as ... over fears the government may pursue a mining nationalisation policy, an issue which analysts expect ... click on COMMODITIES For the latest precious metals report click on For the latest base metals ...

  • African Markets - Factors to watch on Nov 17 17 Nov 2009 06:30 GMT
    ... Nov 17 (Reuters) - The following company announcements, scheduled ... setting a new 14-month peak, boosted by miners after commodity prices set new highs, which ... click on COMMODITIES For the latest precious metals report click on For the latest base ...

  • Opening View: Wall Street on Hold Ahead of Consumer Price and Housing Data 18 Nov 2009 14:51 GMT
    ... last check. As a result, the December gold futures contract is up $8.40 at $1,147.70 ... up 1.2% and Peugeot shares up 1%. Metal and mining firms were also strong. Anglo American shares ...


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