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The Gold EconomyBringing you the latest Gold Price, Gold News and Gold Investing Information
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| Friday, January 27th, 2012 - The Gold Economy - Bringing you trusted gold news and gold investing information since 2006 |
Gold looks fantastic. It is breaking away from a consolidation which could be called a running correction. Two weeks ago Gold broke to a new high. Last week Gold retested the breakout and then advanced to another new high at the end of the week. Its textbook bullish action. Yet the gold shares have really struggled.
Last week the shares failed to make
Over the past few weeks Gold has traded at or near record highs. It has yet to embark on a sustained breakout but that is not because Gold is a crowded trade. In recent months money has moved into equities, Oil and Silver. As a result, some hot money and speculative money has moved out of Gold, leaving the market in a healthier state. Continue reading
By William Mbaho and Marc Davis of www.BNWnews.ca
The $3.6 billion buyout of Andean Resources by Goldcorp Inc. last year left many in the investment community wondering where the next success story in Argentina would emerge from. One much talked about candidate is Extorre Gold Mines (TSX: XG) (NYSE: AMEX: XG). But there is one major obstacle — the company isn’t interested in being bought-out.
“At this time we would vociferously say that with six drilling rigs in operation to define new gold-silver reserves any offer would be considered untimely and opportunistic,” says Extorre co-chairman Yale Simpson… Continue reading
