Posts Tagged ‘greece’

Monday morning stocks dropped slightly in response to Greece dragging its feet on accepting the terms of a new bailout deal. The S&P five-week rally – based on better-than-expected U.S. data – along with rallies in other indices took a breather. Full story

Gold is a very controversial object.  Many investors view the precious metal as a storage of wealth and a hedge against uncertainty. However, critics claim gold is a bubble and has no intrinsic value,  especially since you can not eat it.  The tech giant Apple Inc. Full story

According to faulty interpretations of Mayan calendars, 2012 is supposed to bring with it the demise of humanity. Fortunately for us, this apocalyptic myth, like so many, is based on a superficial interpretation of the Mayan calendar. Like many stories based on a lie, this one nonetheless gains traction in the popular imagination thanks to our fascination with anything apocalyptic Full story

European Goldfields Ltd. (EGU)  shares were halted on the Toronto Stock Exchange after a report the developer of mines in Greece has been approached about a takeover by  Eldorado Gold Corp. (ELD) . Full story

The price of gold pushed through and held above the key resistance level of $1700 an ounce last week, as the US dollar dropped sharply due to the euphoria from Europe about the agreement made at the Euro Summit in Brussels. No one was more excited about the outcome than French president, Nicolas Sarkozy, who seems determined to save the world. I wouldn’t be ... Full story

Writing in the Business Day, Clancy Yeates launches a scathing attack on Australia's mining industry. Comparing Australia to Greece would be patently ridiculous to most people. Sure, things here are hardly perfect. Full story

WINNIPEG, MANITOBA--(Marketwire - Oct. 24, 2011) - Gossan Resources Limited (TSX VENTURE:GSS)(FRANKFURT/FREIVERKEHR & XETRA:WKN 904435) has signed a Letter of Intent (LOI) with East Mining Company SA ("EMC") of Athens, Greece, to investigate and examine the possibilities of acquiring mineral projects within Europe, on a non-exclusive basis, and initially to assess three potential projects in Greece. Additional projects may be pursued. Full story

UAE. The Finance ministers of the Eurozone have recommended and agreed the next Tranche of €8 billion for Greece, subject to approval of the IMF. Full story

In what seemed to be a major breakthrough for debt-ridden Greece, it had gained trust from a Qatar-based holdings firm to invest in one of its gold-mining projects. On Saturday, Qatar Holdings LLC signed a $1 billion investment into European Goldfields Full story

The global economy is faltering and the world’s monetary system is looking exceedingly precarious, yet the price of gold has plunged in the last week. Soon after US Federal Reserve chairman, Ben Bernanke, announced Operation Twist, a policy intended to reduce borrowing costs, global markets plunged. Full story