Timmins Gold To Acquire Newstrike Capital
Timmins Gold Corp. (TSX:TMM)(NYSE MKT:TGD) has entered into an agreement where it will acquire Newstrike Capital Inc. (TSXV:NES) for roughly C$140 million.
Read moreGold Extends Early Losses, Hits 5-Week Low, on Technical Selling
Gold prices are trading solidly lower and have hit a five-week low in late-morning dealings Tuesday. Technical selling pressure is featured as the near-term chart posture favors the bears. Also, the sell off-in crude oil prices and a rebound in the U….
Read moreGold Plunges, Heading Toward Key “Line In The Sand”
(Kitco News) – Comex April gold futures plunged lower Tuesday, breaking below key support at the 100-day moving average.
Empire State Manufacturing Index Falls To 7.8 In February
(Kitco News) – The manufacturing sector in the New York region appears to be hitting a soft patch as the latest data from the New York Federal Reserve showed that business conditions were softer than expected in February.
Read moreGold Down On Less Risk Aversion, Bearish Technicals
Gold is moderately lower in early U.S. trading Tuesday.
Read morePresidents Day Brief
a short trading day, a stronger dollar and regular trading tussled for dominance
Read moreNegotiations Break Down Again As Greece Walks Away From ‘Absurd’ Proposal
(Kitco News) – With U.S. markets closed in recognition of Presidents’ Day, there is no reaction in the gold market to another breakdown in talks between Greece and its European creditors.
E-Waste: Hidden Treasures, Hidden Threats
The market for electronic devices keeps growing exponentially. Apple just announced the sale of their one billionth iOs device which comprises the iPhone and iPad.
Read moreINTL FCStone: Gold To Remain Volatile Ahead Of Greece Talks
Greece and its European creditors kicked off a second round of refunding negotiations, and, although analysts are expecting to see a last-minute deal made, it won’t happen just yet. Edward Meir, commodity consultant at INTL FCStone, says gold prices could end up trending lower as a result of potential agreement talk, but also warns that investors should expect to see volatility in the near-term. “This crisis is very much a fluid situation and so we would not necessarily advocate aggressively going short at this stage either,” he says.
CFTC: Gold Market Sees Biggest Decline In Spec Longs Since November
The gold market saw the biggest weekly decline in gross speculative long positions for the week ending Feb. 10, according to the latest data from the U.S. Commodity Futures Trading Commission.
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