Shares of mining companies are higher as metals rise. Gold broke the $1,400 per ounce mark for the first time in nine sessions while copper and silver are trading higher.
Hecla Mining (HL) was last up 5.35% at $11.23, near its 52-week high of $11.40. Denison Mines (DNN) was up 3.77% at $3.30, near its 52-week high of $3.64.
Tuesday, December 28, 2010
Bob Chapman : all of Europe is bankrupt,
Bob Chapman on A Marines Disquisition December 23, 2010
Bob Chapman, of the International Forecaster steps to the Mic discussing the financial Market around the world, How Toos to protect your assets & INVEST WISELY,
Gold more pressure to the upside in the coming weeks
NEW YORK (TheStreet) -- Scott Redler, chief strategic officer at T3Live.com, reveals what has to happen to gold prices to believe in Tuesday's double digit rally.
Scott Redler,:"....and we've now been in about two and a half month consolidation. Or after we put the height above 14100 we've been holding higher. What I wanna see some -- and above 14100 I don't wanna see get back book thirteen eighty and I do think at some point in the first quarter. We will see new highs will be our way into the 2011 projections which about sixteen to 18100. He -- you don't wait and see because this break up if they got because just short. It could be a little bit of -- so I think it's somewhat for real I was expecting -- move more towards second quarter I think right now if you were long. Verses thirteen point thirteen 31 take a little profits on this popped -- 14100 that's fine but don't get flat stay long gold so that's an indication it welcome -- for the rest -- what you wanna do is right now we have a program. -- up double digits it's up. Is -- huge gap from when we closed yesterday to today if the bears can't fill that gap ....
Scott Redler,:"....and we've now been in about two and a half month consolidation. Or after we put the height above 14100 we've been holding higher. What I wanna see some -- and above 14100 I don't wanna see get back book thirteen eighty and I do think at some point in the first quarter. We will see new highs will be our way into the 2011 projections which about sixteen to 18100. He -- you don't wait and see because this break up if they got because just short. It could be a little bit of -- so I think it's somewhat for real I was expecting -- move more towards second quarter I think right now if you were long. Verses thirteen point thirteen 31 take a little profits on this popped -- 14100 that's fine but don't get flat stay long gold so that's an indication it welcome -- for the rest -- what you wanna do is right now we have a program. -- up double digits it's up. Is -- huge gap from when we closed yesterday to today if the bears can't fill that gap ....
Silver law suite
Chicago, IL: A lawsuit has been filed on behalf of a class that includes purchasers and sellers of the iShares Silver Trustand the ETF Securities Ltd. Silver Trust (NYSE-Arca “SIVR”) during the period March 1, 2008 through the present.The lawsuit alleges that JPMorgan, the custodian of silver backing SLV securities and the sub-custodian of silver backing SIVR securities, and HSBC, the custodian of silver backing the SIVR securities, manipulated and suppressed the price of silver bar financial products, including SLV and SIVR, in violation of Section 9 of the Securities Exchange Act.
If you purchased or sold the iShares Silver Trust ETF (NYSE-Arca “SLV”) or the ETF Securities Silver Trust (NYSE-Arca “SIVR”) securities during the period March 1, 2008 through the present, you may move the Court to serve as lead plaintiff within 60 days. The lawsuit, Case No. 1:10-cv-07768, was filed in the Northern District of Illinois on December 7, 2010 and is currently assigned to the Honorable Charles R. Norgle, Sr.
Read article >>>>
Gold Miners Jump About 2% as Bullion Price Again Near $1,400/oz.
Shares of gold mining stocks are higher this morning, following bullion prices to the upside as dollar weakness and year-end buying brought the yellow metal back above $1,400 an ounce for the first time in nearly two weeks.
Goldcorp (GG,G.TO) is leading the advance, adding more 2.3% heading into today's open. Other gainers include:
Yamana Gold up +2%
Agnico-Eagle Mines up 1.8%
Barrick Gold up 2.2%
Kinross Gold up 1.8%
Eldorado Gold up 2.1%
Goldcorp (GG,G.TO) is leading the advance, adding more 2.3% heading into today's open. Other gainers include:
Yamana Gold up +2%
Agnico-Eagle Mines up 1.8%
Barrick Gold up 2.2%
Kinross Gold up 1.8%
Eldorado Gold up 2.1%
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