Nevada Gold Mines exceeds expectations, says Barrick

Gold likes to print false reversals to sucker in longs too early.

The country has taken a page out of the diamond industry’s books by calling for international regulations aimed at cutting the amount of illegally-mined gold entering mainstream markets.

The new head of the environment office, Roy Cimatu, has however said he believed it was possible to balance mining and natural resources protection.

Gold price falls to 8-week low Tuesday, turning the old Wall St adage buy on rumour sell on fact on its head and opening up a huge gap for bargain hunters.

Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.

Local judge says the company failed to complete improvements that could have prevented the latest cyanide spill, the third such accident in less than 18 months.

Antioquia has been the heartland of the Colombian gold trade since colonial times, when Spanish conquerors came in search of the mythical El Dorado.

Gold is trading slightly down from its Friday spot price close of $1,227.90, as investors digest the outcome of the recently-decided French presidential election.

Investors can make money in precious metals without predicting the direction of prices, says Bob Moriarty of 321 Gold, by paying attention to the gold-platinum and gold-silver spreads.