Search Results for: gold+prices+forecast+2012
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Gold Investing : Will Gold Prices Hit $ 2000 by 2012?
Many a big gold bug eyes a glimpse of their favorite metal jump over the psychological (and technical) important $ 1,200 per ounce level on Wednesday. I say a “look”, because those who blinked may have missed. But the blip still managed to register on the radar screen long enough for any gold lover hot and bothered about a possible return to the highs enjoyed in earlier years, if not a leap into the stratosphere. (more…) -
Australia BHP Shares Gain as China Proves Retailers’ Pain
China’s demand for metals and energy is splitting Australia in two, pitting resource-rich Western Australia and mining companies from BHP Billiton Ltd. Xstrata Plc to Against the rest of the country. Coal and metal sales to the fastest-growing major economy Prompted Reserve Bank of Australia Governor Glenn Stevens to raise interest rates six times in seven months, fueling a 27 percent gain in the Australian U.S. dollars since the first quarter of 2009 That hurt Exporters like wheat farmer John Springbett. (more…) -
Gold Mining Stock – CANADA STOCKS-TSX ends higher for 3rd day as golds rebound
Toronto’s main stock index finished moderately higher in volatile trading on Wednesday, thanks to rebounding gold shares and a late afternoon turnaround by financials.The index’s weighty materials sector gained 0.62 percent as gold prices rose on safe-haven buying due to renewed concerns about the fiscal health of Greece. Gold-mining stocks recorded solid gains, reversing Tuesday’s losses, as Barrick Gold Corp (ABX.TO: Quote, Profile, Research), the world’s largest producer, rose 1.18 percent to C$39.49, while Goldcorp Inc (G.TO: Quote, Profile, Research) jumped 1.93 percent to C$39.53. (more…) -
Sulliden Completes Final Mortgage Payment is Shahuindo Property
TORONTO, ONTARIO – Sulliden completes the final mortgage payment on the property Shahuindo. Sulliden Gold Corporation Ltd (“Sulliden”, the “Company”) (TSX: SUE) (OTCQX: SDDDF) is pleased to announce that it has completed a 7.5 million payment under the settlement agreement announced on March property Shahuindo May 2, 2009. To date, Sulliden paid a total of $ 10.0 million under the agreement and an additional $ 3.5 million in payments between May 2010 and March 2011. The payment of $ 7.5 million releases a mortgage that was held on and now provides Sulliden Shahuindo property unencumbered 100% ownership. (more…)