Since mid-May, with the U.S. Dollar going lower, Gold went higher. But did it go too far too fast? Kimble provides a chart (below) of the Gold/Dollar Ratio. The Ratio has risen and has hit resistance. Whither now? Gold bulls want the Ratio to keep rising.
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London-based Endeavour Mining plans to buy Teranga Gold in an all-stock deal worth about $2.44B. With 12.8M ounces of gold resources, the transaction values Teranga at over US$191 per resource ounce. Egyptian billionaire Naguib Sawiris injects $200M million into the deal. [more]
eResearch Corporation is pleased to publish our July 17 Update Report on Silver Spruce Resources, with new updates on its flagship property, the gold-silver Pino de Plata project in Mexico, the sale of Kay Mine, and the pending acquisition of an advanced gold project in Mexico. [more]
eResearch is pleased to provide a technical opinion on the market from Chris Kimble of Kimble Charting Solutions. [more]
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