Ramp Metals stock surges on Sprott backing for Saskatchewan project
Ramp compares its project with the eye structure of the Nova-Bollinger nickel-copper mine in Western Australia.
Gold fell again today – to $1,581.39 USD/oz.
Gold has dropped 5% in the month of February, the fifth straight month of losses.
ETF holdings of gold are a big part of the story.
An exodus from the world’s largest gold-backed exchange-traded fund, SPDR Gold Trust has continued into a seventh consecutive month, which is the longest period of net outflow in the history of the fund.
US equities gains on the back of increased economic optimism. Earlier this week, Fed Chairman Ben Bernanke used only mild language in support of the bank’s asset purchase program know as quantitative easing.