Filed under: Major Movement , Competitive Strategy , Barrick Gold (ABX) , Commodities , Federal Reserve Back in the late 1970s, the Hunt brothers from Texas tried to corner the silver market . That drove prices to $48 an ounce. Now, 31 years later, silver is shooting higher again. The March silver futures contract closed at $32.296 per ounce , up 72 cents. Since gold is expensive, investors are turning to silver to hedge against inflation. Many fear that the Federal Reserve will not be able to control the spike in commodity prices. The Fed is buying $600 billion of treasuries and keeping interest rates near zero. Continue reading Silver Near a 31-Year High Silver Near a 31-Year High originally appeared on BloggingStocks on Sat, 19 Feb 2011 12:50:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
NovaGold Resources
Kinross Gold (NYSE:KGC), Harmony Gold Mining (NYSE:HMY), Yamana Gold (NYSE:AUY), Eldorado Gold (NYSE:EGO) Hammered Again on Down Gold Day
Kinross Gold (NYSE:KGC), Harmony Gold Mining (NYSE:HMY), Yamana Gold (NYSE:AUY) and Eldorado Gold (NYSE:EGO) took another hit Wednesday as gold prices ended in the negative, although much better than the last couple of days.The good news is some gold miners like Novagold (AMEX:NG), Ivanhoe (NYSE:IVN) and Iamgold (NYSE:IAG) all closed in the positive, and Ivanhoe has been positive even on some of
Top Picks 2011: NovaGold Resources (NG)
Filed under: International Markets , Newsletters , Canada , Commodities , Stocks to Buy , Best Stocks for 2011 This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011 . This special report is courtesy of TheStockAdvisors.com . “NovaGold Resources ( NG ) — my top pick for 2011 — is an up-and-coming mining outfit that owns a pair of world-class deposits,” says Stephen Leeb . The editor of The Complete Investor explains, “It has partnered with a couple of industry heavyweights to develop these projects, and it has the backing of some of the savviest investors around, giving it the wherewithal that will enable the company to transition from junior explorer to mid-tier producer in a few short years. Continue reading Top Picks 2011: NovaGold Resources (NG) Top Picks 2011: NovaGold Resources (NG) originally appeared on BloggingStocks on Mon, 27 Dec 2010 13:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Eldorado (NYSE:EGO), AngloGold Ashanti (NYSE:AU), Novagold Resources (AMEX:NG) Rise as Gold Prices Today Rebound
It was only a matter of when and not if, gold prices were going to resume their upward move, and it appears the temporary correction in gold may be over, and gold miners like Eldorado (NYSE:EGO), AngloGold Ashanti (NYSE:AU), Novagold Resources (AMEX:NG) are participating in the rise in gold prices today. We can’t be certain the gold correction is over yet, but the news Ireland is going to be
Kinross (NYSE:KGC), Yamana (NYSE:AUY), NovaGold (AMEX:NG), Agnico-Eagle (NYSE:AEM) Rise on Anticipated QE
With the U.S. government finally admitting the U.S. economy is going to continue to struggle through 2011, the Federal Reserve is preparing people for their latest inflationary step (now being called quantitative easing), and gold miners like Kinross Gold Corp (NYSE:KGC), Yamana Gold (NYSE:AUY), NovaGold Resources Inc. (AMEX:NG) and Agnico-Eagle (NYSE:AEM) are all rising with the broader gold
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
Silver Wheaton (SLW) and NovaGold (NR): ‘Mining Gems’
Filed under: International Markets , Newsletters , Commodities , Stocks to Buy “With many stocks so clearly undervalued, we set ourselves the goal of finding some with the potential to double or better over the next 18 to 24 months,” says Stephen Leeb . The editor of The Complete Investor adds, “Two such gems are metals plays — Silver Wheaton ( SLW ), a more conservative play in our growth portfolio, and NovaGold Resources ( NG ), a more speculative holding in our small-cap value portfolio. “These two metal picks are both leveraged to precious metals, one to silver and one to gold. Continue reading Silver Wheaton (SLW) and NovaGold (NR): ‘Mining Gems’ Silver Wheaton (SLW) and NovaGold (NR): ‘Mining Gems’ originally appeared on BloggingStocks on Mon, 13 Sep 2010 11:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
Yamana (NYSE:AUY), Novagold (AMEX:NG), Newmont (NYSE:NEM) Rise on Soaring Gold Prices
Newmont Mining Corporation (NYSE:NEM), Novagold Resources Inc (AMEX:NG)and Yamana Gold, Inc. (NYSE:AUY) are all up today as the news the stress tests for banks in the EU weren’t as accurate or reliable as portrayed, has gold prices soaring today, surpassing record levels in mid-day trading, reaching as high as $1,261.60 for December delivery.It was highly suspect when the stress tests were
Will Teck Resources (NYSE:TCK), Seabridge Gold (AMEX:SA), NovaGold (AMEX:NG) Be Beneficiaries of China’s Targeting Precious Metals and Gold?
Flush with capital, China has been eyeing mining properties and companies around the world for some time to invest in preparation for meeting their needs long into the future. They recently have increased their scrutiny and commitment, noting the lack of capital available because of weakened credit markets. Consequently, the central bank of China has instructed their banks to offer credit to
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
