The scene at each of the four Chow Tai Fook stores dotting Causeway Bay’s Hennessy Road was the same: a rush of buyers snapping up jewellery, coins and other gold items.
Mainland Chinese buy billions in gold Read More »
With the financial experts claiming, some gleefully, that gold has “lost its safe haven status” in the aftermath of its biggest tumble in 30 years, many commentators thought (hoped?) that the dramatic price drop would steer people away from gold ownership.
Unintended consequences in gold demand Read More »
Kyrgyzstan’s efforts to attract investors by auctioning off mining licenses, starting with the country’s second-largest gold deposit, have run into problems – both self-inflicted and beyond authorities’ control.
Kyrgyzstan gold mine auction stumbles Read More »
Mongolia, hoping to arrest a slide in foreign investment into its critical mining sector, is planning a new law that it says will increase stability by reassuring investors.
Mongolia reassures mining investors Read More »
To say it’s been a bad past few days for gold would be an understatement. It’s been a horrifying past few days for gold, with the precious metal’s prices falling 12% since just last Thursday.
Gold miners offer one safe place to hide Read More »
Goldrock Mines Corp. has moved one step closer to its goal of becoming a gold producer by unveiling results of a feasibility study for its Lindero project in Argentina.
Goldrock reports costs of $703 an ounce Read More »
Leveraged gold speculators panic whenever someone decides to sell large numbers of transient short positions into the market. That isn’t anything unusual. It is because they are gamblers who, like their soul-mates in Las Vegas.
Gold collapse and American gold exports Read More »
Mining companies have asked the Supreme Court of the Philippines to dismiss petitions seeking to strike down Republic Act 7942 or the Philippine Mining Act of 1995 over constitutional issues.
Miners in Philippines face court battle Read More »
Sometimes I wish charts could lie. Sadly, they don’t … Gold fell through recent support at $1,550 last Friday and continued dropping yesterday – hitting a fresh two-year low below $1,350
Gold bears won’t have the last laugh Read More »
Many of Ontario’s junior mining companies are struggling to catch up with the law this month as new regulations under the province’s century-old Mining Act have just come into effect.
Ontario miners struggle with regulations Read More »
