Stocks to Watch Today (Free subscription) | 19/11/2009
The drop in gold ETFs GLD and GDX and gold miner Barrick Gold (ABX) that I mentioned earlier comes amidst a 15% rise in gold demand last quarter, but it’s important to keep in mind that gold demand is down 34% from the year-earlier period, as noted by the World [...]
Stocks to Watch Today (Free subscription) | 19/11/2009
Gold Miners are taking it on the chin as the previous metal takes a break from its recent rise. The Market Vectors Gold Miners ETF (GDX) is off $1.49, or 3%, at $49.50, the SPDR Gold Trust (GLD) is down 87 cents, or .8%, at $111.39, and Barrick Gold (ABX) [...]
Dominican Today (Free subscription) | 19/11/2009
SANTO DOMINGO.- Dominican Republic is abuzz with talk of gold as opponents criticize the mining contract with the company Barrick Gold, while the GoldQuest Mining Corp announced on Wednesday that it has closed the transaction with Gold Fields Dominican Republic.
Dominican Today (Free subscription) | 18/11/2009
Santo Domingo.- Aimed at developing the towns Cotuí, Fantino and Maimón, the Labor and Health Public ministries signed a cooperation agreement with the gold mining company Pueblo Viejo Dominicana Corporation (Barrick Gold), designed to reduce unemployment and to prevent and reduction dengue and the AH1N1 flu virus.
Market Wire (Free subscription) | 18/11/2009
VANCOUVER, BRITISH COLUMBIA (MARKET WIRE) Rye Patch Gold Corp. (TSX VENTURE: RPM)(TSX VENTURE: RPM.WT)(OTCBB: RPMGF) ("Rye Patch" or the "Company") is pleased to announce that it has, subject to completion of a binding definitive agreement, arranged to acquire Centerra Gold (U.S.) Inc.'s 64% interest in the Ren project located on the northern Carlin gold trend. The Ren property...
The Street (Free subscription) | 18/11/2009
Agilent Technologies, American Tower, DuPont, Barrick Gold and Disney hit 52-week highs yesterday.
The Business Insider (Free subscription) | 17/11/2009
Barrick Gold's (ABX) blatant jawboning of the market, conveniently after being able to clear Barrick's gold hedges, is reminiscent of home builders talking up property prices. Metal Miner: Following news of the liquidation of the hedge, Barrick’s fortunes are now aligned with the other gold majors and so it is no surprise to hear Aaron Regent, President of the company start talking the gold...
Stocks to Watch Today (Free subscription) | 17/11/2009
Several of the mining stocks that saw decent gains yesterday are retrenching today, with Barrick Gold (ABX) and Kinross Gold(KGC) down fractionally at $43.90 and $19.41, respectively, and Newmount Mining (NEM) down 1% at $51.82. In energy, ExxonMobil (XOM) is breaking away from the pack on last night’s news Warren [...]
Stocks to Watch Today (Free subscription) | 16/11/2009
Gold miners continue to rise on the backs of the precious metal’s surge. Barrick Gold (ABX) is up 76 cents, or 1.8%, at $43.65 today, as gold futures price for gold for December is up $17 from Friday’s close at at $1,133.80. Kinross Gold (KGC) is doing better, up 75 [...]
Market Wire (Free subscription) | 16/11/2009
SANTO DOMINGO, DOMINICAN REPUBLIC and TORONTO, CANADA (MARKET WIRE) Barrick Gold Corporation (NYSE: ABX)(TSX: ABX) -
iStockAnalyst.com (Free subscription) | 16/11/2009
“Touradji Capital Management LP, the New York hedge-fund firm that oversees about $2.7 billion, bought 2.23 million shares of Barrick Gold Corp., the world’s biggest gold producer, while selling shares in SPDR Gold Trust, the largest exchange-traded fund backed by bullion,” [More...]
Raw Story (Free subscription) | 16/11/2009
Since starting its slide in 2000, the world-wide production of gold has finally hit "terminal decline," according to reports citing Barrick Gold, the largest gold miner in the world. In an interview with The Daily Telegraph during a London gold conference, Barrick President Aaron Regent said that one could argue that Earth has reached "peak gold," [...]
EconomicPolicyJournal.com (Free subscription) | 15/11/2009
Goldman Sachs is out with their updated 13F which details its huge $180 billion portfolio. The 13F is as of September 3o, 2009, so it is possible Goldman could have traded out of any of its positions. But as of that date, Goldman had huge net negative positions, i.e. short the stocks, holding puts, etc., in Agnico Eagle Mines ($164 million), Barrick Gold ($37 million), Wells Fargo ($290 million)
The Business Insider (Free subscription) | 14/11/2009
(This post was reprinted under a Creative Commons Attribution-Share Alike 3.0 United States License and originally appeared at the blog The Oil Drum ) Yesterday the President of the largest gold mining and production company, Barrick Gold , noted that after ten years of declining production it is time to recognize that the world has seen the peak in gold production. To maintain production ore is being...
iStockAnalyst.com (Free subscription) | 13/11/2009
GDXJ was debut this Wednesday. Both GDX and GDXJ (the junior companies) are offered by Van Eck. Here are the links to the company site for GDX and GDXJ. The complete weighting of the components are listed below: Fund Holdings of GDX as of 2009/11/12 Number Holding Ticker Shares Market Value % of net assets 1 Barrick Gold Corp ABX 18,718,639 $783,749,414.93 14.49% 2 [More...]
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