-- Posted 19 September, 2007 | | Source: SilverSeek.com
Note: Please join GoldSeek.com and SilverSeek.com at the Silver Summit on September 20th and 21st in Coeur d'Alene, Idaho and the Denver Resource Expo on September 21st and 22nd at the Colorado Convention Center.
| Close | Gain/Loss |
Gold | $720.70 | +$5.70 |
Silver | $12.93 | +$0.16 |
XAU | 166.15 | +0.83% |
HUI | 383.63 | +1.40% |
GDM | 1194.54 | +1.01% |
JSE Gold | 2712.40 | +3.08% |
USD | 79.32 | +0.10 |
Euro | 139.68 | +0.27 |
Yen | 86.21 | -0.33 |
Oil | $81.93 | +$0.42 |
10-Year | 4.524% | +0.044 |
T-Bond | 111.78125 | -1.00 |
Dow | 13815.56 | +0.55% |
Nasdaq | 2666.48 | +0.56% |
S&P | 1529.03 | +0.61% |
The Metals:
Gold and silver both jumped over 1% higher in after hours trade yesterday in reaction to the fed’s policy announcement. Gold then traded in a range of about $720-$725 in Asia, London, and New York today before it ended near the bottom of that range, but it still ended with a respectable gain of 0.80%. Silver traded around the $13.00 level for most of world trade before it also ended near its low of the session, but it still ended with a gain of 1.25%.
Euro gold fell under €517, platinum gained $7 to $1,307, palladium gained $3 to $332, and copper gained over 13 cents to about $3.58.
Gold and silver equities rose over 2% in the first half hour of trade before they fell back off into the close, but they still ended with about 1% gains.
The Economy:
Report | For | Reading | Expected | Previous |
CPI | Aug | -0.1% | 0.0% | 0.1% |
Core CPI | Aug | 0.2% | 0.2% | 0.2% |
Housing Starts | Aug | 1331K | 1345K | 1367K |
Building Permits | Aug | 1307K | 1350K | 1389K |
Tomorrow at 8:30AM EST brings Initial Jobless Claims for 9/15 expected at 320,000. At 10AM is the Leading Indicators report for August expected at 0.0%, and at noon is the Philadelphia fed survey for September expected at 2.5.
The Markets:
Charts Courtesy of http://finance.yahoo.com/
Oil rose to a new record high above $82 in further reaction to yesterday’s rate cut before it fell back off a bit in reaction to a mixed inventory report, but it still ended with a gain of about 0.5%. Oil inventories fell a larger than expected 3.8 million barrels, gasoline inventories surprisingly built 400,000 barrels, distillates built 1.5 million barrels, and refinery utilization fell 0.9% to 89.6%.
After getting slammed in reaction to fed action yesterday and dropping to as low as 79.09 overnight, the U.S. dollar index rebounded from new 15 year lows today on hopes that lower interest rates will help the U.S. economy.
Treasuries fell as the Dow, Nasdaq, and S&P continued yesterday’s advance on optimism over yesterday’s larger than expected rate cut.
Among the big names making news in the market today were General Mills, Morgan Stanley, and General Motors.
The Commentary:
“Here is how I anticipate the Gold (December Comex) story unfolding:
This move does not take out $800 without some very hard work.
$782 - $792 is where the battle begins
$800 will, of course, be passed in time.
$751 to $761 is to me a given.
$714- $715 is a place where significant buying will occur
$682 Angel will be faded out as $612 on the illustration, but that requires a little longer above December $714-$715.
The fundamental reasons why all this will occur is in the Formula and the brief on over the counter derivatives. Please study these as they are without any doubt the exact scripts being followed in the form of cause and effect of the Weimar Republic. OTC derivatives should be compared to the Weimar currency manipulation that got out of hand. It is most interesting to note that general equities in that case went as high as the currency went low until it all imploded on itself.
There is no way that a non-derivative risk precious metals and base metal shares will remain here as gold goes to $1650. In time the non-derivative risk shares will outperform both precious and base metals…” - Jim Sinclair, More at JSMineset.com
“Special Alert: Wednesday, September 19, 2007 8:30 a.m. EST:
I’m currently in St. John's Newfoundland (an absolutely beautiful place where I got to stand at the easternmost point in North America - a thrill for a kid from the Bronx) and can't write an extensive commentary. However, I wanted you to know that the "Don't Worry, Be Happy" crowd has given me a very early Christmas present by finally causing the FED to dramatically ease - a feat I have long spoken about as the last needed ingredient for me to short the U.S. Stock Market.
It's my intention to now look for an entry point and if and when I do, I will send you notice of my decision and what I did. I am not suggesting anyone follow me but just want it to signify my firm entrance into the bearish camp. It’s my desire to write an extensive alert in the next week or two.
As you know, I've remained a strong bull on gold and am delighted in the events that are unfolding, as they should serve to pave the way to a new, all-time high in gold above $875. We should encounter some resistance in the $735- $740 area basis spot, but it would be healthy in the long run. It’s not being spoken about in the media, but I believe one of the underlying reasons for gold’s breakout (ASIDE FROM THE FAILED ATTEMPTS TO CAP IT) is an unfolding major dilemma in the Middle East regarding Israel and Syria (more on this in my alert upcoming).
Addition to Alert, posted at 1:30 p.m.
Further to this morning's alert (http://www.grandich.com/docs/alert_09-19-07.pdf) I have subsequently shorted the U.S. Stock Market via the following two Exchange Traded Funds (ETFs):
• SDS - $50.34 - this is a bet on the S&P 500 going lower with 2X leverage
• QID - $40.84 - this is a bet on the NASDAQ 100 going lower with a 2X leverage” - Peter Grandich, Grandich Letter
“December Gold finished up 5.8 at 729.5, 3.8 off the high and 1.5 up from the low.
December Silver closed up 0.18 at 13.105. This was 0.055 up from the low and 0.1 off the high.
The gold market was mostly firm throughout the trading session but given the initial run up it is possible that some bulls were disappointed with the magnitude of the rally. In fact, with the market failing to sail through the prior session's highs, some traders have suggested that the market is technically overdone, while others would suggest that strength in the US Dollar served to hold back the gold market. Surprisingly equity prices were strong and oil prices seemed to keep the inflation/growth thing alive from the prior session, but in the end the market finished higher but not at new highs. Perhaps the slide in the housing starts readings rekindled some slowing concerns and that in turn might have discouraged buyers from paying up for gold around this morning's highs.
The silver market did manage to temporarily forge a new high for the move but prices fell back from those highs into the close. Like gold, we suspect that a much weaker than expected housing starts report combined with a setback off the highs in the equity market prompted some longs to bank profits. However, the copper market certainly held a large portion of its gains and that should continue to give off the impression that silver is somewhat cheap relative to other metals prices.” - The Hightower Report, Futures Analysis and Forecasting
GATA Posts:
Bank of England in dramatic turn on 3-month money
Hugo Salinas Price: A perpetual 'war on gold'?
Dan Norcini: Capital flows promise more trouble for dollar
William Greider: The lies of Alan Greenspan
Canadian dollar less than cent and a half from parity
Pretending that bad credit is good credit
Antal Fekete: Part 3 of Peak Gold! A primer on true hedging
Add 'gold' and the Financial Times sounds like GATA
Gold seen anticipating lower worldwide interest rates
China unloads $5 billion for vast mineral concessions in Congo
The Statistics:
As of close of business: 9/18/2007
Gold Warehouse Stocks: | 7,077,126 | - |
Silver Warehouse Stocks: | 133,057,444 | +586,830 |
Global Gold ETF Holdings
[WGC Sponsored ETF’s]
| Product name | Total Tonnes | Total Ounces | Total Value |
New York Stock Exchange (NYSE) AND Singapore Exchange (SGX) | Streettracks Gold Shares | 575.57 | 18,504,991 | US$ 13,224m |
London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse ) | Gold Bullion Securities | 90.13 | 2,897,753 | US$ 2,092m |
Australian Stock Exchange (ASX) | Gold Bullion Securities | 13.75 | 441,603 | US$ 319m |
Johannesburg Securities Exchange (JSE) | New Gold Debentures | 17.35 | 557,912 | US$ 399m |
Note: Change in Total Tonnes from yesterday’s data: The NYSE/SFX added 7.69 tonnes to a new record high in total tonnes held.
COMEX Gold Trust (IAU)
Profile as of 9/18/2007 | |
Total Net Assets | $1,115,564,958 | Ounces of Gold
in Trust | 1,558,781.072 |
Shares Outstanding | 15,750,000 | Tonnes of Gold
in Trust | 48.48 |
Note: Change in Total Tonnes from yesterday’s data: 0.30 tonnes were added to the trust.
Silver Trust (SLV)
Profile as of 9/18/2007 | |
Total Net Assets | $1,814,768,918 | Ounces of Silver
in Trust | 140,061,027.500 |
Shares Outstanding | 14,100,000 | Tonnes of Silver
in Trust | 4,356.38 |
Note: Change in Total Tonnes from yesterday’s data: 30.88 tonnes were added to the trust.
The Stocks:
Fronteer’s (FRG) advanced project, Barrick’s (ABX) $10 million offer for innovation to unlock silver from their ore, Orezone’s (OZN) increase in gold resources, Great Basin’s (GBN) accepted application, Gold Reserve’s (GRZ) new IR firm, Fronteer’s (FRG) final order approving the arrangement between Fronteer and NewWest, Orko Silver’s (OK.V) assay results, Tumi’s (TUMIF.OB) drill preparation, Palmarejo’s (PJO.V) updated resource statement, Great Panther’s (GPR.TO) drilling program, SilverCrest’s (SVL.V) assay results, Scorpio’s (SPM.TO) drill results, and Hecla’s (HL) upcoming webcast from the Denver Gold Forum were among the big stories in the gold and silver mining industry making headlines today.
WINNERS
1. Buenaventura | BVN+7.62% $48.46 |
2. IAMGOLD | IAG +5.51% $8.62 |
3. Golden Star | GSS+4.88% $3.65 |
LOSERS
1. Northgate | NXG-5.24% $2.71 |
2. Richmont | RIC -4.76% $2.80 |
3. New Gold | NGD-3.45% $6.16 |
Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.
All of today's gold and silver stock news:
Universal Uranium and Silver Spruce Resources to Proceed with Joint Venture in Lieu of Combination Transaction - More
- September 19, 2007 | Item | E-mail
Nirek Resources Inc. Acquires Kirana Mine - More
- September 19, 2007 | Item | E-mail
Pure Nickel Inc. Announces Granting of Stock Options - More
- September 19, 2007 | Item | E-mail
Sulliden loses registration of Shahuindo concessions to Algamarca - More
- September 19, 2007 | Item | E-mail
Orko Silver Continues to Hit Wide High Grade Intercepts at La Preciosa - "We are very pleased that La Preciosa continues to deliver upon its promise. More so, we are excited about the impact the thickness and grade these intercepts will have on our soon to be released NI 43-101 compliant Resource Estimate." More
- September 19, 2007 | Item | E-mail
Hinterland closes $182,000 Financing - More
- September 19, 2007 | Item | E-mail
NewWest Gold Corporation Receives Final Court Order For Arrangement with Fronteer Development Group - "Fronteer Development Group Inc. (Toronto:FRG.TO - News)(AMEX:FRG - News)("Fronteer") and NewWest Gold Corporation (Toronto:NWG.TO - News)("NewWest") announced today that the British Colombia Supreme Court has issued a final order approving the arrangement between Fronteer and NewWest." More
- September 19, 2007 | Item | E-mail
China to lend Congo $5 billion in latest Africa foray - "China plans to lend the Democratic Republic of Congo $5 billion to modernize its decrepit infrastructure and rich but deteriorated mining sector in another huge Chinese investment foray in Africa. " More
- September 19, 2007 | Item | E-mail
King's Bay Gold Corp. Announces High-Grade Gold Discovery, Bobjo Project, Red Lake, Ontario - More
- September 19, 2007 | Item | E-mail
Signature of an Option and Joint Venture Agreement for the Escondida Project in Ecuador - More
- September 19, 2007 | Item | E-mail
Galore Resources Samples 0.31% U3O8 at Great Slave Lake, NWT - More
- September 19, 2007 | Item | E-mail
Crosshair Announces Appointment of Non-Executive Chairman and Amendment of Stock Option Plan - More
- September 19, 2007 | Item | E-mail
Jasper Mining Corporation - Final soil results from Erie Creek property - More
- September 19, 2007 | Item | E-mail
Adanac Molybdenum Corporation: Incentive Stock Options - More
- September 19, 2007 | Item | E-mail
Amanta Exploration Update - More
- September 19, 2007 | Item | E-mail
Tumi Prepares for Drilling at La Trini - "Mr David Henstridge, President, is pleased to report that the Company is in the process of reopening the La Trini camp, Jalisco State, Mexico, in preparation for the start of the phase three reverse circulation (RC) drill program. The Company has mobilized a Komatsu D85 bulldozer to the site to prepare a minimum of 12 pads in the vicinity of drill hole TRRC-32 which intersected 24.4 metres averaging 6.4 g/t gold and 1,629 g/t silver. The drill program's objective is to determine the orientation and extent of the high grade zone intersected in TRRC-32." More
- September 19, 2007 | Item | E-mail
MacDonald Mines Acquires a Significant Geological Favorable Land Position Similar to the Ground Hosting the Spectacular Noront Nickel-Copper Discovery - More
- September 19, 2007 | Item | E-mail
Goldeye Announces Commencement of Diamond Drilling on Juby North Gold Project - More
- September 19, 2007 | Item | E-mail
Lundin Mining to Commence Trading on NYSE at Market Opening on September 20, 2007 - More
- September 19, 2007 | Item | E-mail
Bolero Announces Name Change And Continuance of its Corporate Charter Into Ontario - More
- September 19, 2007 | Item | E-mail
Call for national strike as strife hits Peru mines - "A leading labor federation called on Wednesday for a nationwide walkout in Peru's minerals sector as workers at Shougang Hierro Peru (SHP.LM: Quote, Profile, Research), a big iron ore producer, downed tools for a third day and a union at Southern Copper (SPC.LM: Quote, Profile, Research)(PCU.N: Quote, Profile, Research) was preparing to vote on a strike." More
- September 19, 2007 | Item | E-mail
Sage Closes Private Placement with MineralFields - More
- September 19, 2007 | Item | E-mail
Canadian Royalties Inc./Nunavik Nickel Project Allammaq Update: High-Grade Massive Sulphides and Substantial Widths of Mineralization Intersected - More
- September 19, 2007 | Item | E-mail
Rocmec Intersects New Gold Zones at Rocmec 1 - More
- September 19, 2007 | Item | E-mail
Iberian Minerals Announces Agreement to Acquire Producing Copper Mine in Peru and $20 Million Loan from Trafigura - More
- September 19, 2007 | Item | E-mail
Pacific Comox Resources Ltd.: 10.3 Grams/Tonne Gold and 339 Grams/Tonne Silver Reported Over Interval of 19 Meters Near Surface in Infill Drilling on Carmelitas - More
- September 19, 2007 | Item | E-mail
Vena Resources Acquires Esquilache Polymetallic Regional Project - More
- September 19, 2007 | Item | E-mail
Pure Nickel's William Lake Project Update - More
- September 19, 2007 | Item | E-mail
Logan Resources identifies redbed copper at Shell Creek; Continues diamond drill program at the property - More
- September 19, 2007 | Item | E-mail
Advanced Mineral Technologies, Inc. Reports Gold Property Valued at $406 Million - More
- September 19, 2007 | Item | E-mail
Noront's New Nickel/Copper Discovery Contains Significant Precious Group Elements - More
- September 19, 2007 | Item | E-mail
El Nino Ventures & Xstrata Zinc 25,000 m Drill Program in Progress in the Bathurst Mining Camp - More
- September 19, 2007 | Item | E-mail
Fieldex drills 1.36% nickel, 1.31% copper over 7 meters at Midrim copper nickel property - More
- September 19, 2007 | Item | E-mail
Uranium Bay Updates Exploration Program and Uranium Size Potential of Uskawanis Property - More
- September 19, 2007 | Item | E-mail
Unico, Inc. Announces Progress of Onsite Metallurgical Work at the Deer Trail Mine - More
- September 19, 2007 | Item | E-mail
Ur-Energy Expands 2007 Drilling Program-Begins Processing Facility Plans - More
- September 19, 2007 | Item | E-mail
Puma Exploration: 93 Metres of Molybdenum for NB Moly in New Brunswick - More
- September 19, 2007 | Item | E-mail
Gemini Explorations, Inc. Reports on Sampling Results From the Los Chorros Gold Mine Project - More
- September 19, 2007 | Item | E-mail
Palmarejo Silver and Gold Announces Updated Resource Statement - "Indicated mineral resource of 3.79 million ounces (Moz) of silver and 49,000 oz of gold; and Inferred mineral resource of 35.12 Moz of silver and 345,000 oz of gold (see tables below). This September 2007 mineral resource estimate represents a significant increase on the first inferred resource estimate of 155,000 oz of gold and 19.57 M oz of silver for the Guadalupe project reported in October 2006." More
- September 19, 2007 | Item | E-mail
Golden Arrow Resources Corporation: Letter to Shareholders - More
- September 19, 2007 | Item | E-mail
UC Resources Reports on Property in Vicinity of Noront's Copper-Nickel Discovery in the James Bay Lowlands and Recent Increase in Trading Activity - More
- September 19, 2007 | Item | E-mail
Continuum recommences Ag-Pb-Zn exploration at their 100% owned Tres-Hermanas Project, Oaxaca State, Mexico - More
- September 19, 2007 | Item | E-mail
AURUS Retains Independent Geologist Firm - More
- September 19, 2007 | Item | E-mail
Extensive Gold Sampling Programme completed in Liberia - More
- September 19, 2007 | Item | E-mail
Mega Uranium and Cash Minerals Announce Igor and Lumina Drilling Results Wernecke Uranium District, Yukon - More
- September 19, 2007 | Item | E-mail
Etruscan Diamonds regains control of the Tirisano Mine in South Africa - More
- September 19, 2007 | Item | E-mail
Marco Tulio Appointed Vice President, Exploration of International Nickel Ventures - More
- September 19, 2007 | Item | E-mail
Temex and MacDonald Mines aggressively acquire significant land position near Noront NI-CU Discovery - More
- September 19, 2007 | Item | E-mail
245 g/t Gold, Visible Gold-Timmins West Project-Melkior Resources MKR:TSXV - More
- September 19, 2007 | Item | E-mail
Argentex drill results expand mineralized footprint at Pinguino, Argentina - More
- September 19, 2007 | Item | E-mail
Gitennes reports on TotoRoko geophysics and results - More
- September 19, 2007 | Item | E-mail
Azteca Gold Corp.: Surface Geochemical Results Reported and Layne de Mexico to Begin 5,000m RC Drill Program at Guerra al Tirano - More
- September 19, 2007 | Item | E-mail
Dynacor Gold Mines Inc. has been granted approval for the listing of Common shares on the TSX - More
- September 19, 2007 | Item | E-mail
Skygold Defines Significant Gold Anomaly at Its 100% Owned Prince George Property - More
- September 19, 2007 | Item | E-mail
16.39 g/t Au Over 49.50 m: SearchGold Cuts a Spectacular Gold Intersection on Bakoudou in Gabon - More
- September 19, 2007 | Item | E-mail
Sierra Gold Corporation Reports Higher Hard Rock Gold Values From Most Recent Assay Results - More
- September 19, 2007 | Item | E-mail
EXMIN-Penoles Joint Venture to Drill Second Program at the Maguarichic Project, Chihuahua, Mexico - More
- September 19, 2007 | Item | E-mail
Fronteer's Turkish Mineral Belt Advances to Next Stage - "Fronteer Development Group Inc. ("Fronteer" or the "Company") (Toronto:FRG.TO - News)(AMEX:FRG - News) announced today that Teck Cominco Limited's Turkish subsidiary ("TCAM") has earned-back a 60% interest in two more of the Company's core projects in northwestern Turkey, thus completing earn-in on the majority of the mineral belt area." More
- September 19, 2007 | Item | E-mail
Great Panther Commences Deep Drilling Program at Guanajuato; Provides Production Update for Both Mines - "GREAT PANTHER RESOURCES LIMITED (Toronto:GPR.TO - News) is pleased to announce that a deep underground drilling program has commenced at its 100% owned Guanajuato Mine in central Mexico. The program is designed to twin, then fill in between, diamond drill holes completed in the 1980's and 1990's by the previous owners that indicated the continuation of silver-gold mineralization for approximately 200 metres below the existing mine workings." More
- September 19, 2007 | Item | E-mail
General Metals Update: Phase 1 Exploration Drilling Commences With Mobilization of Drilling Equipment and Crew to Independence Mine - More
- September 19, 2007 | Item | E-mail
Timberline Resources to Present At 'The Silver Summit 2007' - More
- September 19, 2007 | Item | E-mail
Zoloto Resources Updates Chukotka Exploration - More
- September 19, 2007 | Item | E-mail
Castillian Resources Has Near Surface Intersection of 40.9 Meters Grading 0.88% Nickel and 0.26% Copper at the Mangabal South Nickel-Copper Deposit, Brazil - More
- September 19, 2007 | Item | E-mail
Sherwood Discovers High Grade at Airstrip & Expands High Grade at Area 2-Area 118, Minto Mine - More
- September 19, 2007 | Item | E-mail
Manicouagan Minerals Reports Encouraging Drill Results From the Bob Showing at Mouchalagane-9.49% Nickel Over 0.16 Metre and 3.11% Nickel Over 0.44 Metre - More
- September 19, 2007 | Item | E-mail
Aurelio Sponsoring the National Summit of Mining Communities - More
- September 19, 2007 | Item | E-mail
Grandview Announces Significant Red Lake Drilling Results - More
- September 19, 2007 | Item | E-mail
Globex Anticipates Copper Revenue - More
- September 19, 2007 | Item | E-mail
Barrick Offers US$10 Million for Innovation to Unlock the Silver - "Barrick's Unlock the Value program invites scientists, engineers and other inventors to solve a scientific conundrum. Geologists have determined there are 180 million ounces of silver contained in gold reserves in the ore at the Veladero mine in Argentina. Because the silver particles are encapsulated in silica, current processing methods are recovering only 6.7% of the silver. The Unlock the Value program invites proposals for an economically viable way to significantly increase silver recovery from this type of ore." More
- September 19, 2007 | Item | E-mail
Uranium North Awaits Results From Exploration Program - More
- September 19, 2007 | Item | E-mail
Orezone Resources Inc.: Essakane Resources Increase by 18% - "Orezone Resources Inc. (Toronto:OZN.TO - News)(AMEX:OZN - News) is pleased to announce an increase in the NI 43-101 compliant gold resources of the Essakane Main Zone "EMZ" in Burkina Faso, West Africa. The updated mineral resource estimate has been submitted to Orezone by Gold Fields Essakane Limited (BVI) ("Gold Fields"), a subsidiary of Gold Fields Limited and the holder of a 60% equity interest in the Essakane Project." More
- September 19, 2007 | Item | E-mail
SilverCrest Intercepts 10.1 Metres of 6.53 gpt Gold and 218.7 gpt Silver at Santa Elena, Northern Mexico - "SilverCrest Mines Inc. (TSX VENTURE:SVL - News; SVL, the "Company") is pleased to report assay results for the next 5 drill holes of an ongoing Phase II 40 drill hole program at its Santa Elena Project located in Northern Mexico. The Santa Elena Project is located approximately 150 kilometres northeast of Hermosillo, Sonora, Mexico and is easily accessible with excellent local infrastructure. The Company has the right to acquire a 100% interest in the property." More
- September 19, 2007 | Item | E-mail
Strathmore Acquires Marquez Uranium Property, McKinley County, New Mexico: Historical Resource Exceeds 9 Million Pounds U308 - More
- September 19, 2007 | Item | E-mail
Scorpio's Underground Drilling of Nuestra Senora Deposit Hits 21 metres followed by 25.5 metres of Mineralization in one Hole - "Scorpio Mining Corporation (TSX:SPM - News) is pleased to report additional underground drill results targeting the Nuestra Senora main body from the 9.5 sublevel, 10th level and 10.5 sublevel of its 100% owned Nuestra Senora deposit, Sinaloa State, Mexico." More
- September 19, 2007 | Item | E-mail
CanAlaska, Uranium Prospects, and Yellowcake: Grease River Uranium Project Summary of Summer Work and Preliminary Results - More
- September 19, 2007 | Item | E-mail
Liberty Star Uranium Announces the Incorporation of Redwall Drilling Inc. -- A Wholly Owned Subsidiary of Liberty Star - More
- September 19, 2007 | Item | E-mail
Hecla to Webcast from Denver Gold Forum - "Hecla President and CEO Phillips S. Baker, Jr. will give the presentation to a group of gold and silver investment analysts and fund managers at approximately 11:40 a.m. Mountain Time (1:40 p.m. Eastern) on Monday, September 24, 2007. The webcast can be heard live at that time by accessing the Denver Gold Group web site at www.denvergold.org and selecting Denver Gold Forum." More
- September 19, 2007 | Item | E-mail
Cash Minerals to Host Conference Call to Discuss Drill Results From the First Phase of Drilling at Igor and Lumina Uranium Properties - More
- September 19, 2007 | Item | E-mail
Great Basin Gold Announces Acceptance of Burnstone Mining Rights Application by the Department of Minerals and Energy in South Africa - "Great Basin Gold Ltd. ("Great Basin Gold" or the "Company") (Toronto:GBG.TO - News)(AMEX:GBN - News)(JSE: GBG) announces that the Department of Minerals and Energy ("DME") has accepted the application for a mining right by its wholly owned subsidiary Southgold Exploration (Pty) Ltd. ("Southgold") for the Burnstone Project located near Balfour, South Africa. The application was granted under the terms of section 22 of the Mineral and Petroleum Resources Development Act, 2002 ("MPRDA")." More
- September 19, 2007 | Item | E-mail
Gold Reserve Inc. Retains Rubenstein Investor Relations - "Gold Reserve Inc., (TSX:GRZ - News; AMEX:GRZ - News) announced that it has retained New York based Rubenstein Investor Relations (RIR) to help raise awareness within the investment community of the Company's gold and copper projects located in southeastern Venezuela. The Company is developing the Brisas project in the "Kilometer 88" Mining District as well as the Choco 5 property located in the "El Callao" region, where the Company has recently commenced a drilling program." More
- September 19, 2007 | Item | E-mail
Orko Silver Reports High Grade Assay Results from Transversal Vein - "We are excited with the results from the Transversal Vein. These latest assays are another in a series of many that have continued to deliver positive results for the Company including the newly discovered Martha Vein. We are anticipating releasing more assays results and updating our NI 43-101 Compliant Resource Estimate very soon." More
- September 19, 2007 | Item | E-mail
Cash Minerals Intersects 0.055% U3O8 and 2.82% Copper Over 22.25 Metres in First Phase of Drilling at Igor Uranium Property - More
- September 19, 2007 | Item | E-mail
Pele Mountain Achieves Positive Results From 5,600-Metre Drill Program at Elliot Lake Uranium Project - More
- September 19, 2007 | Item | E-mail
Barrick CEO seeing a perfect storm for gold - "Current U.S. conditions of low interest rates and potential inflationary pressures are a "perfect storm" for gold prices, Barrick Gold Corp (ABX.TO: Quote, Profile, Research) Chief Executive Greg Wilkins said on Wednesday." More
- September 19, 2007 | Item | E-mail
- Chris Mullen, Gold Seeker Report
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-- Posted 19 September, 2007 | |
