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Gold Seeker Closing Report: Gold and Silver End Slightly Lower

By: Chris Mullen, Gold-Seeker.com


-- Posted 1 March, 2010 | | Source: SilverSeek.com

 

Close

Gain/Loss

Gold

$1117.40

-$0.80

Silver

$16.43

-$0.05

XAU

164.11

+1.69%

HUI

411.40

+1.79%

GDM

1232.74

+1.71%

JSE Gold

2167.20

-15.69

USD

80.74

+0.36

Euro

135.62

-0.68

Yen

112.27

-0.17

Oil

$78.70

-$0.96

10-Year

3.606%

+0.011

T-Bond

118.96875

-0.21875

Dow

10403.79

+0.76%

Nasdaq

2273.57

+1.58%

S&P

1115.71

+1.02%

 
 

 

The Metals:

 

Gold rose as much as $5.35 to $1123.55 in Asia before it fell to see a loss of $6.60 at $1111.60 in London and then climbed back above $1120 by midday in New York, but it ultimately fell back off into the close and ended with a loss of 0.07%.  Silver gained $0.27 to $16.75 in Asia and fell $0.085 to $16.395 by midmorning in New York before it rose to see a slight gain midday, but it too fell back off in late trade and ended with a loss of 0.3%.

 

Euro gold climbed to about €825 (just off its all time high of €826 made 10 days ago), platinum lost $1 to $1537.50, and copper gained over 6 cents to about $3.33.

 

Gold and silver equities rose over 1.5% by noon EST and remained near their highs into the close.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Personal Income

Jan

0.1%

0.4%

0.3%

Personal Spending

Jan

0.5%

0.4%

0.3%

PCE Prices - Core

Jan

0.0%

0.0%

0.1%

Construction Spending

Jan

-0.6%

-0.6%

-1.2%

ISM Index

Feb

56.5

57.9

58.4

 

Kohn to Leave Fed at End of Term as Vice Chairman  Bloomberg

 

There are no major economic reports due out tomorrow.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil reversed early gains and ended lower after the U.S. dollar index rose as the pound fell on worries about the outcome of the U.K. general election and the euro fell on uncertainty over the timing and terms of a potential bailout of Greece.

 

Treasuries fell as the Dow, Nasdaq, and S&P rose on news of AIG’s sale of a life insurance unit that raised hopes that the beleaguered insurance company may be able to survive without any further government bailouts.

 

Among the big names making news in the market today were Dish, HSBC, Vivendi, AIG and Prudential Plc, Bill Gross, and Warren Buffett.

 

The Commentary:

 

“The COT report [for positions held at the end of trading on Tuesday, February 23rd] did not make me happy. True, silver's open interest only rose 1,544 contracts... but gold's o.i. was up an astonishing 18,166 contracts. Considering the price action in gold last week, I'm still trying to get my head around why this is so. Add to that the big increase in Thursday's open interest reported above, and it's obvious that gold's tiny rally to date is running into huge opposition. But, so far, it appears that silver has not suffered the same fate. Ted figures that the bullion banks may be trying to divorce the price of silver from gold... a thought that he's had for quite a number of years now.”– From Ed Steer’s Gold & Silver Daily, read the full report here.

 

Dear Friends,

 

There are two things of significance that need to be noted in today’s trading session.

 

The first is that the European currencies were again under attack with the Euro, the Swiss Franc and the British Pound all getting hit hard. The Pound in particular is getting obliterated. It is evident that the sharks are now in a feeding frenzy when it comes to Europe. If I lived in England, I would be looking to protect my life’s earnings as rapidly as possible. The Pound looks like it is on its way to 1.43 or lower before any chart support is likely to appear.

 

The result – European based gold prices shot higher at the PM fix today scoring brand new all time highs in terms of both the Euro and the British Pound. Euro priced gold scored a Fix at €824.269 while Sterling Gold came in at a mind-numbing £746.149. Can anyone say that European investors are not becoming increasingly fearful of the health of their currencies? Wait until the same fear finds its way over here and wraps itself around the minds and hearts of the average US investor.

 

The second occurrence of today is that US Dollar priced gold managed to claw its way higher even with the Dollar pushing above the 81 level on the USDX. It bounced off the confluence of the 40 day and 50 day moving averages and shot up through the rising 10 day moving average before it ran into the selling resistance at the top of the recent trading range.

 

Gold is acting like it is in some sort of pressure cooker. It keeps building up pressure but cannot blow the lid off of the pot. Something makes me feel that when this market does break through the bullion bank selling at the top of this range, it is going to accelerate quite swiftly. The selling appears “unnatural” based on the recent behavior of the metal. I know that is totally subjective but that is how this thing feels. When you see gold shooting into all time highs in assorted currency terms and selling appearing at an easily pinpointed level on a price chart, you can tell that the selling is contrived and is being designed around technical objectives. From a fundamental perspective, no normal seller attempts to “fight” a market that so obviously wants to go higher.

 

Technically, if gold cannot plow through the bullion bank capping effort at today’s highs, the tendency will be for the metal to drop back down into the defined trading range and then see if the support moves higher to meet it.

 

Copper shot up sharply higher mainly in part to fears of supply disruptions associated with the terrible earthquake that hit Chile this past weekend. Funds did some selling up close to 3.50 when news filtered out that the mines would not be affected as much as some initially feared but the situation there is quite fluid and one cannot rule out further upside in copper.

 

Weakness in crude oil and in natural gas as well as the grains were a weight on the various commodity indices which is where some of the selling in gold was tied to due to algorithm-based orders.

 

The HUI managed to bump up within a couple of points of last week’s high before it ran into further selling. We still need to see this index climb above 420 to start an upside trending move.

 

While the Dollar was strongly higher at one point in the session, it did back down from above the 81 level again. Bearish divergence continues to display itself but because of the attacks being made on Europe’s currencies, the Dollar bears cannot break down the technical support levels on the charts. Last Friday’s Commitment of Traders data shows that massive speculative net Long position still at very lofty levels. Dollar bulls will need to close it above the 81.50 level or some of these shorter term oriented longs are going to bail out.- Dan Norcini, More at JSMineset.com

 

Dear Extended Family,

 

I believe the most important event at our Toronto CIGA meeting was the testimony of two attendees.

 

Two men spoke independently. One is a Canadian resident from Russia and the other from Poland.

 

Both said the same thing, "All the signs that preceded our inflation of more than 100% per year are here now in the West."

 

What more do you need to know?

 

Regards,”- Jim Sinclair, JSMineset.com

 

GATA Posts:

 

 

If your gold is at an LBMA bank, you may be just an unsecured creditor

CME to change Comex gold, silver settlement procedure

Ron Paul faces anti-incumbent challenges in primary for renomination

Central bank report tells South Korea to prepare for dollar's fade

Sprott Physical Gold Trust begins trading on NYSE

Ted Butler reports at King World News on gold, silver COT

GATA's work credited in Agoracom discussion with Grandich and Tsiolis

James Turk: What are banks doing with their depositors' money?

IMF chief muses about providing alternative to dollar

J.S. Kim: Why China's purchase of IMF gold would be huge

China still top holder of Treasury debt

Grandich increases challenge to gold perma-bears

China purchase of IMF gold wouldn't surprise, analysts tell Kitco

 

The Statistics:

Activity from: 2/26/2010

Gold Warehouse Stocks:

9,976,269

+4,252

Silver Warehouse Stocks:

109,969,206

+1,054,450

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 

 

Product name

Total Tonnes

Total Ounces

Total Value

New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx)

SPDR® Gold Shares

1106.987

35,590,745

US$39,634m

London Stock Exchange (LSE) AND Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse )

Gold Bullion Securities

119.40

3,837,293

US$4,295m

Australian Stock Exchange (ASX)

Gold Bullion Securities

15.35

491,535

US$553m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

51.65

1,660,553

US$1,840m

NASDAQ Dubai

Dubai Gold Securities

0.155

4,980

US$6m

Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 76.68: -0.76 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 9,476.91: +30.51 change from yesterday’s data.

 

The Miners:

 

SEMAFO’s (SMF.TO) updated reserves and resources, Yamana’s (AUY) new optimization strategy, Rio Tinto’s (RTP) increased ownership of Ivanhoe (IVN), US Gold’s (UXG) drill results, Aurizon’s (AZK) mineral resource update, Lihir’s (LIHR) growth plans, Fronteer’s (FRG) initial metallurgical test work, Gold Fields (GFI) strike notice, Minefinders’ (MFN) 2009 financial results, Silver Wheaton’s (SLW) proven and probable reserves, Silvercorp’s (SVM) proven and probable reserves, and Silver Standard’s (SSRI) closed project sale were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Capital Gold

CGC+8.13% $3.46

2.  Gold Reserve

GRZ +6.30% $1.19

3.  Paramount

PZG +6.06% $1.75

 

LOSERS

1.  Seabridge

SA -2.75% $23.68

2.  Solitario

XPL -2.27% $2.15

3.  Tanzanian Royalty

TRE -1.67% $4.11

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:

Abcourt First 2010 Drilling Results Confirm New Linaur Ore Zone and Extend West Gold Zone on Elder-Tagami Property - More
- March 01, 2010 | Item | ShareThis


Rodinia Minerals Inc. Reports Initial Sample Results at Diablillos With Brines Up to 890 mg/L and an Average Mg:Li Ratio of 2.57 - More
- March 01, 2010 | Item | ShareThis


Golden Predator receives Barrick Gold Corporation royalty payment from Nevada production - More
- March 01, 2010 | Item | ShareThis


Minera IRL Limited: London Roadshow - More
- March 01, 2010 | Item | ShareThis


Pacific North West Capital Corp. appoints new Vice President, Exploration - More
- March 01, 2010 | Item | ShareThis


First Gold Exploration Inc.: Options Granted to Directors, Officers and Consultants - More
- March 01, 2010 | Item | ShareThis


Molycorp Minerals to Commence Rare Earth Exploration Program - More
- March 01, 2010 | Item | ShareThis


Verena Minerals Announces Increase in Private Placement - More
- March 01, 2010 | Item | ShareThis


Eaglecrest Re-Prices Incentive Options - More
- March 01, 2010 | Item | ShareThis


Finlay Minerals Ltd. - $300,000 Private Placement Initiated - More
- March 01, 2010 | Item | ShareThis


Denison Mines Corp. Fourth Quarter 2009 Results-Conference Call Friday March 12, 2010 - More
- March 01, 2010 | Item | ShareThis


New Pacific Metals Corp. Announces Results for the Three Months Ended December 31, 2009 - More
- March 01, 2010 | Item | ShareThis


Gold Canyon Appoints Investor Relations Consultant - More
- March 01, 2010 | Item | ShareThis


Eskay Team Joined by Geologists Who Discovered Original Eskay Deposit - More
- March 01, 2010 | Item | ShareThis


Powertech Uranium Corp.: Updated NI 43-101 Technical Report for the Dewey-Burdock Project - More
- March 01, 2010 | Item | ShareThis


Romarco drills best hole ever at Haile - New zone discovered - More
- March 01, 2010 | Item | ShareThis


Goldcorp Declares Third Monthly Dividend Payment for 2010 - "GOLDCORP INC. (TSX:G - News)(NYSE:GG - News) is pleased to declare its third monthly dividend payment for 2010 of $0.015 per share. Shareholders of record at the close of business on Thursday, March 11, 2010 will be entitled to receive payment of this dividend on Friday, March 19, 2010." More
- March 01, 2010 | Item | ShareThis


Khan Acknowledges ARMZ Intention to Abandon its Unsolicited Offer - More
- March 01, 2010 | Item | ShareThis


Cadillac's Thierry Mine Property - More
- March 01, 2010 | Item | ShareThis


Pro Minerals Inc.: Shining Tree Gold Project Program Initiated - More
- March 01, 2010 | Item | ShareThis


Linux Gold Corp. Announces Completion of Mining Agreement - More
- March 01, 2010 | Item | ShareThis


Golden Hope Mines Ltd. Announces Bulk Sample Results on Its Bellechasse-Timmins Property - More
- March 01, 2010 | Item | ShareThis


Ucore Provides an Update on REE Mineralogy at Bokan - More
- March 01, 2010 | Item | ShareThis


Amerigo Provides Update on Chilean Earthquake - More
- March 01, 2010 | Item | ShareThis


A25 Gold Signs Letter of Intent to Acquire Past Gold Producer White Star Property - More
- March 01, 2010 | Item | ShareThis


Global Minerals appoints new director - More
- March 01, 2010 | Item | ShareThis


TNR Gold Engages Financial Advisor for Its Los Azules Copper Project - More
- March 01, 2010 | Item | ShareThis


Tonogold Resources, Inc. Announces 4th Quarter Exploration Update for Tonopah Divide - More
- March 01, 2010 | Item | ShareThis


Daulton Capital Corp. Announces Correction to Property Description - More
- March 01, 2010 | Item | ShareThis


Northern Shield Resources to drill Ni-Cu-PGE targets at Wabassi, northern Ontario - More
- March 01, 2010 | Item | ShareThis


Victory Nickel Completes $685,828 Flow-Through Financing - More
- March 01, 2010 | Item | ShareThis


Chariot Resources Limited Enters Into Arrangement Agreement with China Sci-Tech Holdings Limited - More
- March 01, 2010 | Item | ShareThis


BCGold Corp. Signs Agreement to Option Minto Area Property to Goldbard Capital Corp. - More
- March 01, 2010 | Item | ShareThis


Element92 Resources Corp. Receives Opinion Letter -- Yinfu Gold Mines and Projects - More
- March 01, 2010 | Item | ShareThis


Golden Dawn signs option agreements on Royal Attwood and Boundary Falls gold-copper prospects, BC (NSR correction) - More
- March 01, 2010 | Item | ShareThis


Jordan Estra Joins Searchlight Minerals Corp. Board of Directors - More
- March 01, 2010 | Item | ShareThis


Medusa Mining Limited: Investor Presentation - More
- March 01, 2010 | Item | ShareThis


Sultan Minerals Reports Substantial NI 43-101 Lead-Zinc Resource Estimate - More
- March 01, 2010 | Item | ShareThis


Century Provides February Progress Update for Lamaque Gold Project - More
- March 01, 2010 | Item | ShareThis


Crosshair Appoints New Chief Executive Officer - More
- March 01, 2010 | Item | ShareThis


Asia Now Initiates Aggressive Drill Program On Its Key Gold Property Beiya - More
- March 01, 2010 | Item | ShareThis


Blue Note Mining Stakes More Gold Claims in New Brunswick - More
- March 01, 2010 | Item | ShareThis


Luna Gold announces start of commissioning of the gravity gold circuit at its Aurizona gold project - More
- March 01, 2010 | Item | ShareThis


Oro Gold Reports 2009 Highlights and 2010 Plans - More
- March 01, 2010 | Item | ShareThis


Sandstorm Provides Update on Aurizona Gold Production - More
- March 01, 2010 | Item | ShareThis


Alexis Achieves Another Milestone-Re-Opens Aurbel Gold Mill - More
- March 01, 2010 | Item | ShareThis


Uranerz Provides Update on NI 43-101 Uranium Resources for PRB Properties - More
- March 01, 2010 | Item | ShareThis


Duncan Park Updates Status of Proposed Red Lake Joint Venture - More
- March 01, 2010 | Item | ShareThis


EVTN To Supply Voraxial for Uranium One - Honeymoon Uranium Project - More
- March 01, 2010 | Item | ShareThis


Drilling Underway and Extended to Test New Target at Collins Bay Extension Project in Athabasca Basin - More
- March 01, 2010 | Item | ShareThis


Red Back Mining Inc.: Tasiast Reserves Grow by 64% to 5.0 Million oz - More
- March 01, 2010 | Item | ShareThis


Positive Scoping Study Results for Zazu's Lik Property - More
- March 01, 2010 | Item | ShareThis


RiskMetrics Group and Glass Lewis Recommend That Tiomin and Vaaldiam Shareholders Each Vote "FOR" the Acquisition of Vaaldiam by Tiomin - More
- March 01, 2010 | Item | ShareThis


Creston Moly Intersects Significant Mineralization at Creston Deposit, Mexico - More
- March 01, 2010 | Item | ShareThis


Grande Portage Resources Ltd. Announces Update - More
- March 01, 2010 | Item | ShareThis


Equinox Invitations to Shareholders - More
- March 01, 2010 | Item | ShareThis


Sulliden Shows Potential to Increase Shahuindo Mineral Resource; Intersects 2.01g/t Gold Over 75 Meters - More
- March 01, 2010 | Item | ShareThis


San Gold Presents Initial Mineral Resource Estimates for Hinge and 007 Zones - More
- March 01, 2010 | Item | ShareThis


Andean Continues to Expand New High-Grade Discoveries - More
- March 01, 2010 | Item | ShareThis


Lydian to Purchase Newmont's Interest in Amulsar Gold Project - More
- March 01, 2010 | Item | ShareThis


Colt appoints Mr. James Ladner to the board - More
- March 01, 2010 | Item | ShareThis


Ventana Announces Additional La Mascota Drill Results-El Cuatro Extension Drilling Intercepts 37.0 Metres of 5.6 Grams Per Tonne Gold, 65 Grams Per Tonne Silver - More
- March 01, 2010 | Item | ShareThis


Colossus Provides Update Regarding Environmental License Approval - More
- March 01, 2010 | Item | ShareThis


Black Hawk Exploration CEO Purchases 12 Million Shares from Institutional Investor - More
- March 01, 2010 | Item | ShareThis


USEC Reports $58.5 Million Net Income for 2009 - More
- March 01, 2010 | Item | ShareThis


CanAlaska Uranium finds new target - extends drilling at Collins Bay Extension Project and appoints Regional Manager - More
- March 01, 2010 | Item | ShareThis


Northland Appoints Banks for Project Financing - More
- March 01, 2010 | Item | ShareThis


SEMAFO updates Mana gold reserves and resources - "SEMAFO (TSX - SMF) announced today that as at December 31, 2009, Mana's measured and indicated mineral resources increased by 55% to 21,602,000 tonnes at an average grade of 2.3 g/t Au for 1,581,900 ounces of gold compared to 1,021,400 ounces in December 2008. Inferred resources increased by 79% to 12,745,000 tonnes at 2.2 g/t for 909,100 ounces compared to 508,200 ounces in December 2008." More
- March 01, 2010 | Item | ShareThis


Minefinders Announces 2009 Financial Results and Reports First Profitable Quarter in Q4 2009; Expects Improved Output and Lower Cash Costs Per Ounce in 2010 - "Minefinders Corporation Ltd. (TSX:MFL - News)(AMEX:MFN - News) today announced its 2009 financial results and reported that the fourth quarter of 2009 was the first profitable quarter in the Company's history. Minefinders also stated that it expects improved output of gold and silver and lower cash costs per ounce in 2010 from its Dolores Mine in Mexico." More
- March 01, 2010 | Item | ShareThis


Yamana Gold provides new optimization strategy at El Penon - "Yamana has been investigating various strategies to further optimize operations and production at El Penon, increasing production from current levels with the objective of achieving sustainable annual production of at least 450,000 to 500,000 GEO. Yamana has begun the evaluation of plant capacity increases and additional sources of ore for plant feed as part of this process which it expects to complete in 2012." More
- March 01, 2010 | Item | ShareThis


Rio Tinto Increases Ownership in Ivanhoe Mines to 22.4% with US$232 Million Purchase of Shares - "Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN - News)(NYSE:IVN - News)(NASDAQ:IVN - News), and John Macken, President and Chief Executive Officer, announced today that the company has entered into an agreement to issue 15 million common shares to Rio Tinto at CDN$16.31 per share, for net proceeds of CDN$244.7 million (US$232.4 million(i))." More
- March 01, 2010 | Item | ShareThis


US Gold Corporation: El Gallo: Thick Intersections of Good Grade Continue - "US GOLD CORPORATION (AMEX:UXG - News)(TSX:UXG - News) is pleased to announce additional core drilling results from the El Gallo Project in Sinaloa State, Mexico. The three best holes from the fifteen assayed since our last update are: 8.3 ounces of silver per ton (opt) over 128.8 ft (feet) (283.4 grams per tonne (gpt) over 39.3 meters (m)), 3.0 opt silver over 176.8 ft (104.4 gpt silver over 53.9 m) and 25.3 opt silver over 23.3 ft (868.9 gpt silver over 7.1 m). These results are part of the 330,000 ft (100,000 m) of drilling planned for El Gallo and surrounding targets this year." More
- March 01, 2010 | Item | ShareThis


Silver Wheaton reports record attributable reserves and resources in 2009 - "Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX, NYSE:SLW) is pleased to announce that attributable proven and probable reserves more than doubled in 2009, including an increase of 431 million ounces of silver and 220,000 ounces of gold, to a record 875 million silver equivalent ounces(1). Over the same period, attributable measured and indicated resources increased by 72%, including an increase of 141 million ounces of silver and 180,000 ounces of gold, to a record 366 million silver equivalent ounces. Attributable inferred resources increased by 4%, including an increase of 12 million ounces of silver and 50,000 ounces of gold, to a record 408 million silver equivalent ounces." More
- March 01, 2010 | Item | ShareThis


Aurizon reports mineral reserve renewal and mineral resource update for Casa Berardi Mine - "For the third consecutive year, Casa Berardi has successfully renewed mineral reserves through the conversion of mineral resources." said David Hall, President and CEO. "As previously announced in recent press releases, the extensive drill program, initiated in the second half of 2009, is producing encouraging results and we anticipate a significant upgrade in the quality of our mineral resources plus a positive impact on our mineral reserves at the end of the current year." More
- March 01, 2010 | Item | ShareThis


Silvercorp Reports Proven & Probable Reserves Estimate at Ying Mining District, Henan Province, China - "Silvercorp Metals Inc. (the "Company") (TSX:SVM - News)(NYSE:SVM - News) is pleased to report the results of a new Technical Report updating the resources and reserves at its silver-lead-zinc projects in the Ying Mining District in Henan Province, China. The report is the first to establish Proven and Probable reserves at the district of 63.4 million ounces of silver, 384,837 tonnes of lead and 117,559 tonnes of zinc. Inclusive of the mineral reserves, the updated in-situ mineral resource estimate at the district is 69.0 million ounces of silver, 419,332 tonnes of lead and 128,038 tonnes of zinc in the Measured & Indicated categories and an additional 87.7 million ounces of silver, 585,404 tonnes of lead and 185,238 tonnes of zinc in the Inferred category." More
- March 01, 2010 | Item | ShareThis


LGL Reveals Strong Growth Plans - "Leading gold producer, Lihir Gold Ltd (LGL) (TSX:LGG - News)(NASDAQ:LIHR - News)(ASX:LGL - News), has today released production targets for its mines for the next decade, revealing plans for significant increases in gold output." More
- March 01, 2010 | Item | ShareThis


Fronteer: Initial Northumberland Metallurgical Testing Reports Gold Recoveries Up to 87% for Sulfide Samples - "Fronteer (TSX:FRG - News)(AMEX:FRG - News) announces today that initial metallurgical test work at its 100% owned Northumberland gold deposit, yields sulfide gold recoveries of up to 87% for samples that are considered refractory in nature, and 89% for samples considered to be transitional material. Recoveries of 93% are observed on samples with a high cyanide (CN) solubility ratio. These results indicate that Northumberland mineralization can be processed with good recoveries using proven treatment methods." More
- March 01, 2010 | Item | ShareThis


Silver Standard Resources Inc.: Sale of Silvertip Project Closes - "Silver Standard was issued 1.2 million common shares of Silvercorp at a deemed price of $6.25 per common share, and received a cash payment of CDN$7.5 million, for total consideration of CDN$15 million for the sale of the Silvertip Project." More
- March 01, 2010 | Item | ShareThis


NUM Serves Strike Notice on Gold Fields - "Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that it has received a notice from the National Union of Mineworkers (NUM) informing the Company that the NUM intends to embark on strike action across all of Gold Fields' operations in South Africa from Sunday, 7 March 2010." More
- March 01, 2010 | Item | ShareThis

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2010

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


-- Posted 1 March, 2010 | |


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