US Gold

Exploring Yukon Gold Stocks

Exploring Yukon Gold Stocks

Investors are getting heated over Yukon gold exploration stocks, but the cold weather may put a bit of a chill into share prices until next season… During the dark and frozen winters of Canada’s Yukon Territory, efforts to explore and develop new gold resources are crippled. So work on Yukon gold projects is pretty much at a standstill right now. Some gold companies, however, have prepared for the wintertime lull in Yukon exploration by staking other gold claims in warmer global regions… Radius Gold (TSX-V: RDU ) Share Price $0.86 Exchange: Symbol TSX Venture: RDU Market Cap $63 Million Website www.radiusgold.com Radius Gold (TSX-V: RDU) is a precious metal exploration, joint-venturing, and royalty firm that is currently focused on gold and silver projects in the Yukon and Guatemala. The company is part of a larger group of mineral firms lead by Simon Ridgway, a world-renowned prospector and mining industry financier. Known as Gold Group, the firm includes Fortuna Silver Mines (TSX: FVI ), Iron Creek Capital (TSX-V: IRN ), Emerick Resources (TSX-V: ERC ), Focus Ventures (TSX-V: FCV ), and Western Pacific Resources (TSX-V: WRP ). For Radius Gold, Ridgeway and his team have assembled a regionally diverse portfolio of nine total projects in Canada, Guatemala, Nicaragua, Mexico, and Peru. The company has already entered into joint ventures on seven of their gold and silver projects with companies including Solomon Resources (TSX-V: SRB ), B2Gold (TSX: BTO ), and Kappes, Cassiday & Associates — one of the world’s leading gold experts in heap leaching. Right now, however, Radius Gold’s exploration focus are the company’s 60 Mile Yukon Gold project and the Holly-Banderas project in Guatemala. 60 Mile Gold Project, Yukon The 60 Mile Gold project is located in the world famous Tintina gold belt, and covers six creeks and rivers where placer gold was historically mined. Records show that 500,000 ounces of placer gold has been historically recovered from Radius’ claims. The company says that the project has strong geological similarities to International Tower Hill’s (TSX-V: ITH ) Livengood gold discovery in nearby Alaska. The Livengood deposit is currently home to over 7.6 million ounces of indicated and inferred gold resources. In addition to the Livengood deposit (marked #7 in the map below), there are many other world-class gold mines through the Tintina gold belt in Alaska and the Yukon. Radius Gold is currently working on three projects in Canada’s Yukon Territory click to enlarge In mid-August, Radius began a small seven-hole exploration drilling program at the 60 Mile project. The results were reported three months later and were encouraging — showing high-grade gold. But these seven holes are just the very beginning of all the needed to be calculate the size of a gold resource or reserve as standardized by the Canadian Securities Administrators. As I…

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China Gold Demand Soars

China Gold Demand Soars

The Chinese saw the writing on the wall over a decade ago. They realized the ultimate fate of the U.S. dollar and the fiat currency system. So in 2003, the government of China began an aggressive campaign to secure resources of gold. They began by increasing the country’s gold reserves. Since that time, the People’s Bank of China has added 21.2 million ounces to the country’s gold holdings. China now has the fifth largest national gold reserve, with over 1,054 tonnes in reserves. While boosting reserves, the Chinese government also began to deregulate the gold mining industry and invite foreign investment for the development of domestic resources. The measures were a runaway success; China is now the world’s largest gold producer with output increasing 70% in the past decade. Chinese government even began encouraging its 1.3 billion citizens to own gold. And today, the country has become the second-largest consumer of gold in the world. The government’s efforts to stimulate and expand the domestic gold market has been highly successful. Chinese citizens have embraced gold as true wealth in all economic seasons. And now new concerns over the future of the U.S. dollar and domestic inflation has prompted the Chinese to recently begin acquiring gold on a epic scale. China’s gold imports to jump 457% this year The Shanghai Gold Exchange recently revealed China’s gold imports jumped almost fivefold in the first 10 months of this year. And even though China is the world’s #1 producer, the country is expected to import 9.2 million ounces of gold this year as inflation concerns lifts investment demand. Consumer prices in China rose 4.4% in October— the fastest pace in two years — and above the government’s full-year target of 3.0%. The People’s Bank…

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Radius Gold Inc. (RDU.V) Stakes 550 Claims

Filed in BP, Gold, Gold Investing, Gold Prices, o, silver, US Gold by on November 26, 2010 0 Comments

Radius Gold Inc. announced that they recently staked 230 claims. These claims cover the eastern extension of the belt of rocks that host ATAC Resources’ Osiris discovery, contiguous with ATAC’s Sten claim block, northeast of Keno City in the Yukon Territory of northern Canada. Radius also staked 320 claims covering the prospective stratigraphy along

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Buy gold bullion or mining stocks? – Rob McEwen – Aandelen Beleggen

Filed in African Gold, Bank Gold, ceo, Gold, Gold Mining, Indonesian Gold, o, US Gold by on November 25, 2010 0 Comments

In this video, Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp explains that whether to buy physical gold bullion and/or gold mining stocks depends on your risk profile. He compares junior gold mining stocks with senior …

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Gold Never Has Been (and Never Will Be) in a Bubble

Filed in economy, Gold, Gold Investing, Gold Prices, silver, Uncategorized, US Gold by on October 30, 2010 0 Comments

Most serious gold investors follow a basic principle: that gold is stable in value. Changes in the “gold price” represent changes in the currency being compared to gold, while gold itself is essentially inert. This is why gold was used as a monetary foundation for literally thousands of years. You want money to be stable Gold Never Has Been (and Never Will Be) in a Bubble originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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What’s the US Gold Stash Game Plan Anyway?

Filed in commodities, economy, Gold, Gold Prices, gold reserves, US Gold by on October 27, 2010 0 Comments

In November’s new issue of The Atlantic, James Picerno poses the question of why, given such lean times, “is $300 billion worth of government treasure simply sitting in vaults?” He’s referring to the US stash of gold reserves. Although there are a number of good reasons for the status, it’s interesting to consider what reasons What’s the US Gold Stash Game Plan Anyway? originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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Gold Outperforming Gold Stocks in 2010

Gold Outperforming Gold Stocks in 2010

With just over two months left in 2010, the price of gold is outperforming share prices of the world’s largest companies that mine the precious yellow metal. For the year, 10 of the 12 largest gold companies have seen their shares rise as commodity prices elevate. On average, these gold stocks have returned a 15.9% gain. That compares to gold, which is up 21.1% for the year. Take a look: Company Share Price 12/31/09 10/22/10 Percent Change Stock Chart Barrick Gold (NYSE: ABX) $39.38 $46.13 ↑17.1% Goldcorp (NYSE: GG) $39.34 $42.04 ↑ 6.9% Newmont Mining (NYSE: NEM) $47.31 $59.37 ↑ 25.5% Newcrest Mining (ASX: NCM) $35.33 $40.00 ↑ 13.2% AngloGold Ashanti (NYSE: AU) $40.18 $45.70 ↑ 13.7% Kinross Gold (NYSE: KGC) $18.40 $17.55 ↓4.6% Polyus Gold (Pink OTC: OPYGY) $27.55 $31.10 ↑12.9% Agnico-Eagle Mines (NYSE: AEM) $54.00 $70.10 ↑31.7% Gold Fields (NYSE: GFI) $13.11 $15.32 ↑16.9% Yamana Gold (NYSE: AUY) $11.38 $10.74 ↓5.6% Eldorado Gold (NYSE: EGO) $14.17 $16.76 ↑18.3% IAMGOLD (NYSE: IAG) $15.64 $17.49 ↑11.8% Average Gain ↑15.9% Dow Jones Gain to Date: ↑6.8% NASDAQ Gain to Date: ↑9.3% S&P 500 Gain to Date: ↑6.1% Gold’s Gain to Date ↑21.1% The price of physical gold may be outperforming gold stocks for 2010. But one of the biggest complaints among anti-gold investors is that bullion doesn’t pay an income of any kind. However, there are several gold stocks that do pay dividends. In my recent report for Wealth Daily, titled The Definitive Guide to Gold Dividend Stocks , I give investors a current perspective of gold dividend stocks and reveal the top three highest-yield gold dividend stocks on the market today. You can read this report for free right now by clicking here or by copying and pasting the following link into your internet browser’s address bar: http://www.wealthdaily.com/articles/the-definitive-guide-to-gold-dividend-stocks/2788 Good Investing, Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire and Underground Profits Gold Outperforming Gold Stocks in 2010 originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Top Five Russian Gold Stocks

Top Five Russian Gold Stocks

Russia is very rich in natural resources. Some estimates suggest that the total value of Russia’s natural resources exceed $200 trillion. So it’s no surprise that Russia is one of the world’s leading suppliers of gold. Russia is currently the world’s sixth-largest gold producing country with 11% of the world’s unmined gold reserves. But considering the country’s massive land expanse that covers 11 timezones, many geologists consider Russia to be the single largest unexplored gold region in the world, with large deposits only recently being discovered. Russia is the world’s top energy supplier. The country is the global leader in both crude oil and natural gas production. Russia is also the third-largest exporter of black coal, recently inking a deal to supply 475 tonnes of coal to China over the next 25 years . Estimates widely vary, but geologists estimate Russia to hold between 25% and 40% of the world’s unmined gold resources. Russia’s gold industry is highly fractured, with over 600 companies (half private) working in the sector. The country has increased total gold production 38% since the collapse of the Soviet Union in 1991. This year, Russia expects to increase gold production slightly to 6.6 million ounces. After that, experts predict the country will increase output to 7.9 million ounces by 2015. The development of large gold projects held by companies such as Kinross Gold (NYSE: KGC ) and Polyus Gold (OTCBB: OPYGY ) are projected to the main contributor to the increase in Russia gold production. Below you’ll find the top five public-traded Russian gold companies by production volume: Rank Company Exchange: Symbol Share Price Market Cap Annual Russia Gold Production Percent of Company Production Percent of Russian Production 1 Polyus Gold OTCBB: OPYGY US$26.00 US$9.9 Billion 1.26 million ounces 100% 19% 2 Kinross Gold NYSE: KGC US$16.50 US$11.6 Billion 694,000 ounces 31% 11% 3 Petropavlovsk LSE: POG 11.50 2.2 Billion 487,000 ounces 100% 7% 4 Polymetal LSE: PMTL 14.00 5.6 Billion 311,000 ounces 100% 5% 5 High River Gold Mines TSX: HRG C$1.00 C$800 Million 236,000 ounces 70% 4% Most accessible to North American investors Figures from 2009 In my most recent report for Wealth Daily , I go into much more detail about Russia’s metals and mining industry and tell you how I think the best approach to investing in the country’s gold sector. You can read my report called The Definitive Guide to Russian Gold Stocks by simply clicking here . Good Investing, Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire and Underground Profits Top Five Russian Gold Stocks originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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The Definitive Guide to Russian Gold Stocks

Built on a foundation of an estimated $200 trillion in hard assets… It’s one of the largest and most profitable industry markets in the world. And— if you’re willing to invest a bit outside of North America — there may be some very interesting investment opportunities in Russia’s massive metals and mining industry. In just a minute, I’ll tell you about several of these opportunities; I want to first give you the details of Russia’s gigantic mining sector and resource base. Advertisement The FREE $45,000 report that could make you rich… In 1991, a history-changing report surfaced in the oil industry. The details are too numerous to list right here, but this report— dubbed a best seller by The New York Times — helped uncover an incredible source of oil no one had considered for years. Click here for free access to all the information you need to start banking 180 times your investment. Russia’s $200 trillion natural resource base Russia is exceedingly wealthy in natural energy resources. The country is home to the world’s largest natural gas reserves and eighth-largest crude oil reserves. These resources have enabled Russia to become the world’s largest producer of both oil and natural gas, accounting for about 20% of total global production. Russia also hosts the world’s second-largest reserves of black coal; the country is the third-largest coal exporter contributing around 11% to the global coal trade. The country recently inked a $6 billion deal with China to supply 475 million tonnes of black coal over the next 25 years. Additionally found in Russia are vast reserves of raw industrial materials and non-fuel minerals. This extensive mineral resource base is the foundation for the Russia’s massive metals and mining industry, which is a vital supplier to other…

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Ruined by Government Dependents

Filed in economy, Gold, Gold Prices, silver, US Gold by on August 20, 2010 0 Comments

Frederick Sheehan has a blog titled aucontrarian, which, I am sure, is a play on the classy French phrase “au contraire,” meaning, as I understand it, “to the contrary,” but for a gold bug like me, all I see is the “au” prefix, which is the symbol for gold! Gold! Fabulous gold! Anyway, he has Ruined by Government Dependents originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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Ventana Gold (TSE:VEN), Barrick (NYSE:ABX), US Gold (AMEX:UXG) Mixed as Gold Fluctuates

As gold prices today struggle to finish in positive territory for the seventh trading session in a row, the up and down movement in the gold price, along with it remaining somewhat level has brought mixed results to gold miners like Ventana Gold (TSE:VEN), Barrick Gold (NYSE:ABX) (TSE:ABX) and US Gold (TSE:UXG)(AMEX:UXG). Spot gold was at $1,197.50, a gain of $1.90 at about 2:00 PM EDT.

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Want To Buy Gold? Buy Gold Stocks Instead

Filed in African Gold, Bank Gold, Gold, US Gold by on July 28, 2010 0 Comments

Gold bullion , coins, certificates, futures, options, mining stocks , jewelry, ETFs and mutual funds are the primary forms of investment. The decision often comes down to gold in its physical form versus gold stocks . …

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