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Gold firmed in late trading on New Year's Eve after the dip into the 859.65/848.00 support zone generated some buying interest. The London fix was $865 versus the 833.75 fix on 28-Dec-07 (last trading day of last year). This was the eighth consecutive annual gain for the yellow metal.
Cash strapped Oilexco is a
stock to watch as the producer was halted from trading pending
news at C$0.89. The mini-rally in the junior market is going full bore and with such a dramatic sell off in 2008 one has to wonder how big the
...
Gold Backs Off In Thin Trading. Dec 31st, 2008 | By Doug Casey | Category: Financial
News.
Gold fell in the far East on Tuesday and never really recovered, in thin trading, bottoming at $867 at the New York open, then regaining a bit of
...
Washington-based
Gold Reserve (TSX: T.GRZ,
Stock Forum) announced after Tuesday’s market close that its board of directors unanimously voted to reject Rusoro Mining’s (TSX: V. RML,
Stock Forum) December 15 unsolicited offer to acquire
...
The forecast, the median of 33 analysts compiled by Bloomberg, ... Related
News Articles. Is
Gold The Go-To In 2009? (GG, ABX, AEM) We highlight
gold and key
gold stocks from 2008 and a look forward to 2009. Kuwait Gets Cold Feet
...
One of the best tests for determining whether a financial columnist or a professional economist is a Keynesian is to examine his views on personal spending. If he favors an increase of personal spending as a means to stimulate the economy, he is a Keynesian. He may not call himself a Keynesian, but he is a Keynesian.
Gold has been on roller coaster ride in 2008, moving from its all time high of $1035 in March, to as low as $681 an ounce. Some of that decline occurred during the recent
stock market plunge. Many investors were forced to liquidate
...
Gulf Cooperation Council leaders yesterday concluded their 29th annual summit meeting in Muscat, Oman with a final approval for the creation of a single currency for the six-nation economic bloc, still targeted for 2010. Saudi Arabia is the largest economy in the GCC and boasts substantial gold reserves. But whether gold will be included in the currency basket has not yet been decided.
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