Video: West Red Lake Gold works to restart Madsen mine
The company is optimistic about the potential of its Red Lake assets in the storied gold district of northern Ontario.
Today’s session covered a choppy $21.10 range as traders reacted to comments from Financial Ministers from the G20 meeting. it is certainly apparent most of the globe is criticizing the FOMC for last week’s decision for more “quantitative easing” (printing more money) and starting a currency war….most nations in attendance have suggested that FOMC’s decision is a recipe for global inflation…..
Just the mention of the word inflation and you will find savvier Gold bugs looking to buy the precious metal…. The fragility in European Union also has contributed to the recent rally as the Credit spreads between Irish and Euro region debt has widened to record levels….
Obviously the Irish debt crisis is worse than projected…
*HAPPY VETERANS DAY*
REPORTS 11/12…..
EXPORT SALES……….7:30 am (CST)
MY SWING NUMBERS 11/12
DECENBER GOLD RESISTANCE # 2……………..$1427.00
RESISTANCE # 1……………..$1417.00
PIVOT …………………………..$1406.00
SUPPORT # 1………………….$1394.00
SUPPORT # 2………………….$1385.00
Mike Daly / Gold Specialist
PFG BEST
877-294-4669
312-563-8029
There is a substantial risk of loss in trading futures and options. Past performance is not indicative of future results. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or commodities. PFGBEST, its officers and directors may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction.
