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Yamana Gold Inc. (USA) NYSE:AUY, Barrick Gold Corporation (USA) NYSE:ABX, Arizona Gold and Onyx Mining Co PINK:VGCP
Syria and Iran may both contribute to a rally in Gold in the coming weeks.
Iran is pushing forward their nuclear agenda and has been involved in several terrorist attacks in the last few weeks as tensions with the West rise to an all time high.
Ahmadinejad, who was first elected in 2005, has repeatedly dangled the prospect of nuclear leaps to invigorate his followers and intimidate countries that he says threaten Iran. The president said in April 2006 that Iran had joined the "nuclear club" of countries with nuclear technology. In January 2010, he promised to announce nuclear news "so sweet" it would "please all the Iranian people."
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During Ahmadinejad two four-year terms, the Iranian government has sought to turn the country's nuclear program into a source of pride for the population and a symbol of independence and resistance in the face of pressure from abroad.
Iran loaded locally built fuel plates into its nuclear research reactor in Tehran, state-run Press TV reported today, showing images of President Mahmoud Ahmadinejad inside the facility.
Only a handful of countries, including France and the U.S., have the technology to build the 20-percent enriched fuel plates needed for the reactor, according to Iranian officials. Ahmadinejad described the step as a "major" nuclear feat.
In Syria
Violence has escalated across Syria in recent days as soldiers loyal to Bashar al-Assad's regime attempt to crush opponents.
Thousands of lives have already been lost in the violence and the death toll is rising daily.
Shayne Heffernan
Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.
Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services. www.livetradingnews.com
