Posts Tagged ‘possibility’

MONTREAL, QUEBEC–(Marketwire – Jan. 3, 2012) -  Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX) (“Osisko” or the “Company”) has been notified of an unsolicited “mini-tender” offer, made by TRC Capital Corporation (“TRC Capital”) on December 23, 2011, to purchase up to 5,000,000, or approximately 1.297% of Osisko’s common shares, at a price of CDN $9.55 per share.  Osisko does not recommend or endorse this unsolicited offer Full story

The vice president of Canadian-based Tintina Resources, Inc. says the company is considering an underground mine to get at deep deposits of copper in western Montana Full story

Gold for December delivery fell more than $50 to $1,710 an ounce in afternoon trade in London on Thursday, bring its losses since the record high of Monday to 10%, the worst slump since March 2008. On Wednesday, the Chicago stock exchange operator CME followed a move by the Shanghai Gold Exchange by increasing the margin requirement as a way to “ensure adequate collateral coverage.” ... Full story

Gold futures pulled back early on Friday after adding over $50 an ounce since Monday and more than a $100 since the start of July, but in after hours trade in New York had reached $1,594.50, adding a solid $5 to Thursday's record high of $1,589.30 an ounce. Thursday's gains were sparked by rating agency Moody's saying US bonds were on review for possible downgrade ... Full story

Toronto’s main stock index finished higher Wednesday, led up by a sharp rise in gold-mining shares as investors sought safe havens. The price of gold surged to a record high near $1,590 an ounce as the possibility of more U.S. Federal Reserve stimulus Full story

SAN FRANCISCO (MarketWatch) -- Gold futures added to their record levels in electronic trading Tuesday as the possibility of additional financial stimulus sent more buyers to the metal, considered a top storer of health in an inflationary environment. Full story

PALM BEACH GARDENS, Fla. – As Greece prepares for the possibility of sovereign debt default, the country’s citizens are emptying their bank accounts and scooping up gold. The euro fell against 10 of its 16 major peers among speculation that Greek Full story

LONDON: Commodity prices are falling across the board as concerns about global demand overshadow the possibility that Greece may avoid a default on its debt. Prices for oil, manufacturing metals and many agriculture products settled lower Friday. Full story

Silver has rebounded nicely as of late, rising 13% from May 17 to May 27.The volatility in the market has scared off many participants, but we feel that rebuilding a long position in silver is prudent at current market prices. Posted below is a chart of silver prices in gray and Managed Money net longs in green. As can be seen, in the same ... Full story

Silver Wheaton CEO, Peter Barnes, says silver prices, which are expected to continue rising over the next few years mean the company sees the possibility of paying out as much as half its cash flow each year in dividends Full story