Gold Investing: Gold Price Update: Q1 2020 in Review

Apr 22, 2020

What happened to gold in Q1 2020? Our gold price update outlines key market developments and explores what could happen moving forward. Though volatility reigned supreme in the first quarter of 2020, gold was able to retain its 2019 gains and end the period 1.6 percent higher than its starting value. January and February saw the yellow metal trend higher as regional concerns in China regarding the coronavirus began to spread around the world and investors sought refuge. Gold climbed as high...

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Silver Investing: Canada Cobalt Works CEO Frank Basa: Hitting New Silver Structures at Castle East

Apr 22, 2020

Canada Cobalt Works CEO Frank Basa: Hitting New Silver Structures at Castle East  Canada Cobalt Works CEO Frank Basa joined the Investing News Network at the 2020 Prospectors & Developers Association of Canada conference to discuss his company’s progress exploring for silver on the company’s Castle East silver-cobalt project. Canada Cobalt Works (TSXV:CCW,OTCQB:CCWOF) originally targeted the project for its cobalt potential, however, after additional exploration revealed...

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Nexus Gold receives drill permit for McKenzie

Apr 22, 2020

2020-04-22 11:00 ET – News Release Mr. Alex Klenman reports NEXUS GOLD RECEIVES DRILL PERMIT FOR MCKENZIE GOLD PROJECT, RED LAKE, ONTARIO The Ontario Ministry of Energy, Northern Development and Mines has issued an exploration drill permit for Nexus Gold Corp.’s 100-per-cent-owned McKenzie gold project, located in Red Lake, Ont. The exploration drill permit allows the Company to move forward on its planned phase one drill program. The phase one program will consist of a minimum...

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TheDailyGold: Gold & Gold Stocks Test Multi-Year Resistance…

Apr 22, 2020

Gold & Gold Stocks reached multi-year resistance. GDX hit 7-year resistance, which it tested for the 5th time in the past 7 years while Gold nearly reached $1800, which provided resistance three times in late 2011 through 2012. In the article above I made a comparison to the 2008 rebound and what it would mean for GDX right now. The sector is correcting but it has held up quite well in recent days. In fact, the stocks have performed better than the metals over the last 4 days even as the...

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Gold price to surge past $3,000, says Bank of America

Apr 22, 2020

The gold price fell back on Tuesday as investors take profits on the best performing financial asset of 2020 — and turmoil on commodity and equity markets continues. On the Comex market in New York, gold for delivery in June, the most active contract, fell by as much as $49.20 an ounce, or nearly 3% to $1,662.00 an ounce in morning trade, before paring some of those losses. A week ago, gold futures peaked at $1,788 an ounce, a seven-and-half year high as central banks around the world pumped...

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