Posts Tagged ‘past’

The town of La Libertad saw heavy fighting during Nicaragua’s civil war in the 1980s, but today, the blasts that can be heard are from miners exploring for gold. In the past decade, the price of gold has jumped from $300 an ounce to more than $1,800.... Full story

NumberSleuth produced a fantastic gold infographic illustrating all the major trends: how much above-ground gold (gold that has been mined) is there in all the world, and how much gold gets mined per year worldwide? “More than half of all humanity’s gold has been extracted in the past 50 years Full story

Ouch, that hurts. I could see a negative move in the works but I don’t think anyone expected a plunge like this past week. Friday upside move was very unimpressive so, although we might get a bounce here, the downside still looks like the direction... Full story

Australia’s total investment in mining industry soared by a third in the past six months to a record $231.8 billion, according to the Bureau of Resources and Energy Economics latest Mining Industry Major Projects – October 2011 report. Full story

Halifax, Nova Scotia, November 23, 2011   – According to Metals Economics Group’s (MEG) 22nd  edition of  Corporate Exploration Strategies  (CES), the estimated total 2011 budget for nonferrous metals exploration surged to $18.2 billion. Despite increased volatility in recent months, metals prices—the primary driver of exploration spending—have remained relatively strong in 2011, giving confidence to the industry; as a result, exploration budgets increased by $6.1 ... Full story

As we have  previously discussed , the gold miners continue to lag behind bullion prices.  In the past six months, the  SPDR Gold Shares ETF  has increased by nearly 10%, while the  Market Vectors Gold Miners ETF  has declined by 5%.  The disconnect continues as traders feel uneasy about equities and elevated gold prices.  When it comes to panic and confusion, cash is still king ... Full story

VANCOUVER, British Columbia -- (BUSINESS WIRE)-- Subject: SLOCAN BC SILVER OPERATION Location: Sandon, Silverton and New Denver B.C. Location: Sandon, Silverton and New Denver B.C. Klondike Silver has been acquiring over 80% of the Sandon silver camp during the past 20 years. Full story

- Gold shares rebounded in line with other assets, but the initial rebound has been met with more selling over the past few days. A retest of the recent lows is now inevitable. Full story

In the past month, the popular SPDR Gold Trust (GLD) has seen its net asset value drop nearly 14%. Full story

Gold prices have corrected heavily over the past 10 days, falling from an all-time high of Rs28,210 reached on September 21 to Rs25,685 on September 29, before recovering a touch to close at Rs25,995 the following day. The markets, soaring on the back of Full story