Bank Stress Tests

Eldorado (NYSE:EGO), Yamana (NYSE:AUY) Novagold (AMEX:NG) Soar on Record Gold Prices

It’ll take time to see if the relatively benign economic news concerning the weakness of the European Union is the ultimate catalyst is leveraging gold prices to expected levels, along with the somewhat lagging gold mining stocks like Eldorado Gold Corp Ltd (NYSE:EGO) Yamana Gold, Inc. (NYSE:AUY) and Novagold Resources Inc (AMEX:NG), which soared as gold prices once again surpassed record

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NovaGold (AMEX:NG), IAMGOLD (NYSE:IAG), Ivanhoe (NYSE:IVN) Down As Gold Prices Fall

NovaGold Resources (AMEX:NG), IAMGOLD Corporation (NYSE:IAG) and Ivanhoe Mines Ltd. (NYSE:IVN) all fell Monday, as gold tested the $1,180 an ounce mark, ending at $1,183.10 an ounce on the Comex division of the New York Mercantile Exchange. With most economics seeming to be going against gold’s grain, the relatively slow decline in price reveals the uncertainty of the market, and even though

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Under Stress

Filed in Bank Stress Tests, euro, Gold Investing by on July 25, 2010 0 Comments

After a long and rather tense wait, the initial response to the publication of the European bank stress tests was always going to be something of an anti-climax. Indeed the results should hardly have comes as a surprise to anyone It is hardly breakin…

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Gold Levels After Bank Stress Test Results Released

Gold futures and spot gold prices have held their own so far after the release of the stress test results of 91 banks, while the U.S. dollar rose against the euro immediately afterwards.Results found that of the 91 banks being tested, seven totally failed the test, and were found they couldn’t survive losses incurred from sovereign-bond holdings.Gold dropped right after the results came in, but

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Gold Down on EU Bank Stress Test Uncertainty

Gold may be on its way to the negative for the first time in four days, as concerns over the response of investors to the results of the stress test of European banks as they come in. At about 1:30 PM EDT, spot gold had dropped $5.10 to $1,189.40 an ounce. Traders have been lowering their exposure to gold as a result, and so the prices have dipped slightly, although they could rebound,

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