I have no opinion on whether there is a bubble
in gold shares at the moment; having one would require a knowledge of these stocks» fundamental valuations relative to their market prices.
Looking across history, we've tended to observe peaks
in gold shares well in advance of peaks in the general market, plunges
in gold shares slightly in advance of plunges in the general market, and new advances
in gold shares several months in advance of troughs in the general market (see, for example, the lows of 1982, 2000 and 2008).
I have no opinion on whether there is a bubble
in gold shares at the moment; having one would require a knowledge of these stocks» fundamental valuations relative to their market prices.
Not exact matches
In recent years,
gold miners have done a poor job delivering shareholder value due to the cost overruns and excessive
share dilution that accompanied the rush to put production on stream.
They also bought $ 25 - million (U.S.) worth of call options on the Market Vectors Junior
Gold Miners ETF (GDXJ), leveraging their position beyond the two million
shares they already held
in the ETF.
Shares in Perth technology company Empired have risen slightly on news of a contract with Barrick
Gold.
/ (Oh no) / I swore I wouldn't tell / But most of you
share bars like you got the bottom bunk
in a two man cell / (A two man cell) / Something's
in the water / (Something's
in the water) / And if I got a brown nose for some
gold then I'd rather be a bum than a motherfuckin» baller.»
Investors are warming to the concept of
gold mining
in the Wheatbelt, with
share prices of three active players moving higher
in recent weeks.
Not only can candidates can be a
gold mine of information (keep
in mind they're likely interviewing elsewhere and have plenty of insight to
share), but asking their advice shows your business values the opinions and experiences of its employees.
Shares in Rox Resources more than doubled today on the back of a strong zinc and lead drilling result at a project
in the Northern Territory, while Dacian
Gold was up 7 per cent following results
in Western Australia.
Shares in local explorer Manas Resources have doubled in value on news the company has entered into an agreement to acquire the Victoria gold project in Tanzania from a private Italian group for $ US4 million ($ A5.4 million) in cash and s
Shares in local explorer Manas Resources have doubled
in value on news the company has entered into an agreement to acquire the Victoria
gold project
in Tanzania from a private Italian group for $ US4 million ($ A5.4 million)
in cash and
sharesshares.
Shares in gold miner Ramelius Resources have risen for the second time
in a week after the company announced it had struck a significant amount of high - grade
gold at its Blackmans project
in the Murchison region.
Morgan Stanley Wealth Management has been appointed by the corporate watchdog to sell a portion of
shares in Sovereign
Gold Company held by former Applabs Technologies directors which were found to have been acquired invalidly.
Shares in Antipa Minerals have soared on news it has attracted backing from mining giant Rio Tinto, which plans to invest up to $ 60 million
in the local explorer's Citadel
gold - copper project.
Shares in junior miner Excelsior
Gold were pummelled today after the company's new board revealed the full extent of operational issues at its flagship Kalgoorlie North mine.
Shares in gold hopeful Alicanto Minerals have surged on news the company has signed a $ US10 million ($ A14 million) earn - in agreement with Canadian mining giant Barrick Gold for its Arakaka project in Guy
gold hopeful Alicanto Minerals have surged on news the company has signed a $ US10 million ($ A14 million) earn -
in agreement with Canadian mining giant Barrick
Gold for its Arakaka project in Guy
Gold for its Arakaka project
in Guyana.
Shares in Perth
gold miner Minera Gold rose by over 33 per cent after it announced it had signed an agreement to buy the San Santiago gold and copper processing plant in Peru for $ US5.5 mill
gold miner Minera
Gold rose by over 33 per cent after it announced it had signed an agreement to buy the San Santiago gold and copper processing plant in Peru for $ US5.5 mill
Gold rose by over 33 per cent after it announced it had signed an agreement to buy the San Santiago
gold and copper processing plant in Peru for $ US5.5 mill
gold and copper processing plant
in Peru for $ US5.5 million.
Nedlands - based explorer Bullabulling
Gold has advised its shareholders to reject Norton
Gold Fields» increased takeover offer of 8 cents per
share to obtain a 30 per cent interest
in the company.
Phoenix
Gold has reiterated shareholders should reject a cash and scrip takeover offer from Evolution Mining, even though a rise
in Evolution's
share price has boosted the value of the deal.
Local explorer Primary
Gold has purchased a gold mine from Adelaide - based MacPhersons for $ 10 million in cash and sha
Gold has purchased a
gold mine from Adelaide - based MacPhersons for $ 10 million in cash and sha
gold mine from Adelaide - based MacPhersons for $ 10 million
in cash and
shares.
Shares in gold producer Ramelius Resources have surged on news it smashed its production guidance for the December quarter, with its Western Australian assets producing at record levels.
Global miner Barrick
Gold has announced a deal with the Tanzanian government that involves a 50:50
sharing of benefits from its operations
in the country, prompting sharp price movements
in local stocks exposed to the region.
Metals X has agreed to acquire a 25 per cent stake
in Tanami
Gold's Central Tanami gold project in the Northern Territory for $ 11 million in cash and 4 million sha
Gold's Central Tanami
gold project in the Northern Territory for $ 11 million in cash and 4 million sha
gold project
in the Northern Territory for $ 11 million
in cash and 4 million
shares.
Norton
Gold Fields is poised to succeed
in its Bullabulling
Gold takeover bid after the Perth explorer begrudgingly accepted the increased takeover offer of 8 cents per
share.
Shares in Perth - based explorer Apollo Consolidated have surged on news it has struck an agreement with
gold miner Newcrest Mining for its Seguela project
in West Africa.
Shares in Mungana
Gold Mines rose by more than 25 per cent after the company announced it would move ahead with its North Queensland zinc strategy, following shareholder support for the $ 15 million acquisition of the Chilagoe base metal assets from the liquidators of Kagara, originally announced
in December last year.
Jolimont - based
gold explorer RMG says it will buy its joint venture partner Chile Metals Consulting's 25 per cent interest
in the Tuina copper project
in South America for a
share package worth $ 2.4 million.
Shares in gold explorer Rubianna Resources skyrocketed on news it plans to exit the resources industry by acquiring a young cloud - based retail finance business.
Shares in Perth - based explorer Sirius Resources were up nearly 10 per cent today after it announced a
gold discovery at its Polar Bear project near Norseman.
Shares in local explorer Burey
Gold have skyrocketed on promising drilling results at its Giro project
in Africa, with today's gains on top of a big jump before the results were announced.
Shares in local
gold miner Millennium Minerals closed 13.7 per cent higher today on news it had increased its projected
gold production by 11 per cent while lowering costs.
Diverse perspectives grounded
in a
shared vision are worth their weight
in gold.
Barrick
Gold Corp. (TSX: ABX): Aaron Regent was replaced by Jamie Sokalsky, the company's chief financial officer,
in June
in hopes of helping restore the company's lacklustre
share price.
Steep
share declines owing both to that and serious problems with the company's flagship copper -
gold mine
in Mongolia hit Friedland's worth hard.
High - grade hits of copper and
gold from the maiden drill program at Jubilee sent Hammer's
share price soaring from 3.4 cents
in mid-December to a peak of 5 cents early
in the new year.
Recently it sold its Mupane
Gold Mine
in Botswana to Galane
Gold for $ 12.5 million, $ 17.9 million
in shares and $ 3.8 million
in promissory notes
in Galane.
Blackham Resources has signed up Hartleys as lead manager for a $ 36 million capital raising that will be priced at just 4 cents per
share, while mining contractor MACA has agreed to lend $ 14 million and take equity
in the struggling
gold producer.
The
share price of mining junior Batavia Mining Ltd has more than doubled
in the first few days of 2006 on a 140 per cent
gold resource upgrade that could bring its Gullewa copper
gold project
in Western Australia back
in production within a year.
Disclosure: Joe's investments include various index funds,
gold as well as individual positions
in Apple, American Apparel, BP, Google, Johnson & Johnson, Kyocera, Nokia, Sanofi Steelcase, Posco, Omnivision, Berkshire Hathaway (a B
share!)
The documents also show that the family of Azerbaijan President Ilham Aliyev used offshore corporations to hold secret
shares in gold mines and London real estate, the ICIJ says.
Perth - based junior Mutiny
Gold has launched plans to raise $ 4.1 million towards drilling at its Deflector copper - gold project in the Midwest, including a $ 1.5 million share placement to preferred mining contractor Ausdr
Gold has launched plans to raise $ 4.1 million towards drilling at its Deflector copper -
gold project in the Midwest, including a $ 1.5 million share placement to preferred mining contractor Ausdr
gold project
in the Midwest, including a $ 1.5 million
share placement to preferred mining contractor Ausdrill.
The bid for the Canadian nickel and
gold producer comes
in the form of an all - cash offer for all of LionOre's issued and outstanding
shares, the Switzerland - based mining giant said.
The miner said adjusted net earnings for the quarter ended March 31 rose to $ 170 million, or 15 cents a
share, from $ 162 million or 14 cents a
share in the same three - month period a year ago on the back of higher
gold prices and lower depreciation.
His prediction is based on the number of
shares outstanding
in SPDR
Gold Trust.
Shares in Perth - based Mutiny
Gold have lifted after a new study doubled the strike length of its Deflector site
in the Murchison region.
«We took that company from 18 cents [per
share] to over a dollar
in a year,» says Christian Milau, True
Gold's suddenly ex-CEO.
More from the South China Morning Post:
Gold seen soaring next year on euro - zone uncertainties «History
in the making» as Shenzhen - Hong Kong
share trading link goes live Be ready for a «roller coaster» under Trump, warns US trade veteran
Holdings
in the funds mentioned as a percentage of net assets as of 9/30/2014: SunPower Corp. 0.00 %, Walmart 0.00 %, Apple 0.00 %, Ford 0.00 %, IKEA 0.00 %, SPDR
Gold Shares 0.32 %
in Gold and Precious Metals Fund.
Last month about $ 1 billion was pulled out of New York's SPDR
Gold Shares, the world's largest gold bullion - backed ETF, while holdings in silver - backed ETFs set a new record in Septem
Gold Shares, the world's largest
gold bullion - backed ETF, while holdings in silver - backed ETFs set a new record in Septem
gold bullion - backed ETF, while holdings
in silver - backed ETFs set a new record
in September.
The $ 1.97 billion Market Vectors Junior
Gold Miners ETF (NYSEArca: GDXJ) was also caught
in the sell - off, tallying losses of 9.15 percent on average daily trading volume that neared 3 million
shares.