Fundamental analysis for precious metals gold - 7/30/2008 We stop at the neck line for the downside trend where te 915.00 level could determine on the short term whether we will see an agressive fall or not but only if the metal was able to break it and remain under it. On the other hand, the metal seems to be overbought on an intraday basis whereas the me... 30 Jul 2008
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Gold Fields COO Terence Goodlace quits Gold Fields, the world's fourth-largest gold producer, said on Wednesday Chief Operating Officer Terence Goodlace had resigned barely three months into the new position, and named two replacements.
The departure of Goodlace would take effect at the end of September, the company said.
"My resignation was... 30 Jul 2008
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PRECIOUS METALS: Gold plunges to one-month low, dollar gains Gold futures plunged on Wednesday to their lowest level in almost a month, on lower oil prices and a stronger U.S. dollar which dampened the investment appeal of the precious metal. 29 Jul 2008
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Venezuela pulls already-sold Hecla gold concession Venezuela is officially taking away a gold concession that Hecla Mining Co. recently sold. The Idaho-based company sold its Venezuelan subsidiaries to Rusoro Mining Ltd. last month for $25 million. Hecla spokeswoman Vicki Veltkamp says the new action will not affect company assets. 29 Jul 2008
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Dollar rises, gold falls in Europe The U.S. dollar was higher against other major currencies in European trading Tuesday. Gold fell. The euro traded at $1.5581, down from $1.5752 late Monday in New York. Later, in midday trading in New York Tuesday, the euro fetched $1.5579. 29 Jul 2008
Fundamental analysis for precious metals gold - 7/29/2008 Trading between the 50% and 38.2% correctional level at 922.60 and 938.20 still remains and we don\'e expect the directions to alter unless the metal breaches one of these levels. On the short term, if a solid base wasn\'t built above 945 this week we might see a sharp fall in prices, yet trading abov... 29 Jul 2008
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NW China's Xinjiang region gold production up 30.9% Northwest China's Xinjiang Uygur Autonomous Region may be living up to its reputation as a place of "treasure on every mountain, oil in every basin."
In ancient times, Xinjiang was known for its gold mines. Even today its three largest mountains are considered to be abundant in gold and other precious metals. The... 29 Jul 2008
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Goldman Sachs cuts estimate on Washington Mutual A Goldman Sachs Group Inc. analyst cut his full-year estimate on Washington Mutual Inc. on Monday, citing the thrift's "severe" credit challenges and expectations that the bank will remain unprofitable through 2009. 28 Jul 2008
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PRECIOUS METALS: Gold, Silver gains on weaker dollar, oil Gold futures gained on Monday but remained below the $930-an-ounce mark, as a weaker dollar boosted the investment appeal of the precious metal as a hedge against inflation. 28 Jul 2008