Barrick Q2 profit is $396M, includes $66M charge for eliminating gold

Barrick Q2 profit is $396M, includes $66M charge for eliminating gold
Edmonton Sun - Our Q2 results are a clear demonstration of Barrick’s ability to deliver superior earnings and cash flow leverage in this strong gold price environment”, said Greg Wilkins, president and CEO. “The ability to capture spot prices, combined with our

Falling inflation eases pressure on rates
This is Money - Gordon Brown; isn’t he the guy who preannounced his intention to sell ‘our’ gold reserves thus initiating a predictable ‘oversupply-related’ fall in the gold price and then sold the gold at a loss, anyway? And, the same guy who manipulates and

Gold-mining delves to greater depths
Mining Weekly Online - At a gold price of about R150 000/kg, the 3/L/2 project is expected to provide for the capital requirements of the Top Star reclamation site some R30-million. Earlier this month, DRDGold and Mintails announced the formation of a joint venture

Volatility in the Bull Market
Safe Haven - And on a big picture basis, the gold price is strong near the 1980 highs and it’s wide open to future rises (see Chart). This reinforces that the commodity move is well on its way in the mega rise. Gold is a safe haven. It rises when there is

Technically Precious with Merv
Safe Haven - Ever since both the long term moving average and momentum (RSI) first turned positive together in Aug of 2001 (with gold price @ $268) gold has remained bullish. Using the popular simple 40 week (200 day) moving average one can easily see the bullish