While analysts keep trying to answer the burning question of how much gold China really has, the most recent theory indicates that it's at least 9,500 tonnes.
Gold is currently treading water but Jeff Nichols believes that the chances of a breakout to the upside are significantly greater than the probability of a breakdown with the gold bull having five to ten years of life ahead,
Peruvian President Ollanta Humala said on Friday that U.S.-based Newmont Mining should carry out a more ambitious environmental mitigation plan if it hopes to build its $4.8 billion Conga gold mine project.
While the ranks of gold doomsayers have been growing over fading hopes for QE3, investors outside of the bullion market seem to be pricing in another round of easing.
In July 1944, delegates from 44 nations met at Bretton Woods, New Hampshire - the United Nations Monetary and Financial Conference - and agreed to “peg” their currencies to the U.S. dollar, the only currency strong enough to meet the rising demands for international currency transactions.
After steady gains throughout the morning Cameco Corp. was trading up 6% by lunchtime on Friday, after reports yesterday that its Kazakh join venture is planning to up output by a third. Gains for the year now top 20%.