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Gold Stocks

Canada’s Alamos Gold, AuRico merger may spark rival bids

Canadian gold miners Alamos Gold Inc and AuRico Gold Inc unveiled a $1.5 billion merger plan on Monday, setting the stage for possible competing offers as miners scout for assets amid slowing growth and weaker gold prices. The combined mid-sized producer, with operations in Canada and Mexico, will have 2015

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Harmony Gold Mining Shares Rally 7.22 Percent

Shares of Harmony Gold Mining Company Limited (NYSE:HMY) appreciated by 7.22% during the past week but lost 1.03% on a 4-week basis. The shares have outperformed the S&P 500 by 6.91% in the past week but underperformed the index by 0.82% in the last 4 weeks. Harmony Gold Mining Company

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Should You Buy Gold? 3 Pros, 3 Cons (GLD)

Gold prices have sure lost their luster lately. It’s a continuation of a sad story that has gone on for several years now. In 2013, gold prices declined nearly 30%, wreaking havoc on the SPDR Gold Trust (ETF) (NYSEARCA:GLD) and other gold funds. A year later, declines slowed, but gold

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3 Gold Miners to Buy Right Now

The recent rally in gold has been short lived as the lustrous yellow metal has pulled back below US$1,200 per ounce in early March of this year. This can be attributed to growing pressure from a resurgent U.S. dollar and weak oil prices. However, despite these headwinds there are signs

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Is it too late to buy ASX gold stocks?

In the past five trading days, shares of Australia’s largest gold miners have soared higher. Far outperforming the S&P/ASX200’s (ASX: XJO) 2.72% return over the past five days, the S&P/ASX All Ords Gold (ASX: XGD) index has been on a blistering run, jumping an impressive 7.2%. All Ords Gold vs

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Big mining companies to take lead on Canadian prospecting

After three years of falling commodity prices, big mining companies are taking the lead on exploration in Canada as cash-strapped junior miners struggle to stay afloat. Centerra Gold Inc. will spend upward of $100-million to develop a gold deposit in Ontario. Goldcorp Inc. is spending about 10 per cent more

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Allied Nevada Gold Files for Chapter 11 Bankruptcy Protection

Allied Nevada Gold Corp. filed for chapter 11 bankruptcy protection Tuesday to cement a debt-slashing deal with creditors. Existing shareholders are being offered warrants that may be worth something in the future, depending on how the Reno, Nev., company fares after exiting bankruptcy. Allied Nevada mines and processes gold and

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GLD: All the Reasons You Need to Avoid Gold, Gold Stocks

Gold has fallen sharply in recent weeks, but that doesn’t make it a buy. In fact, the market may be trying to tell us something. Right now, a number of factors continue to represent headwinds to the metal — and by extension, gold mining stocks — and that doesn’t look

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Time To Buy Gold Miners?

Gold’s enjoying a bit of a bounce now. That is, if you consider the slowing of a price skid through $1,200 a bounce. Despite a strong U.S. dollar, there’s been a bit of safe haven bullion buying lately and that’s caught the attention of mining stock enthusiasts.  Some are breathlessly

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Rio Tinto ‘Top Pick’ For Canaccord

Rio Tinto Plc‘s  healthy profit margin should continue in 2015 as the rapid decline in commodity prices moderates, an analyst said Tuesday. The mining company, which unveiled a $2 billion buyback earlier this month, closed up nearly 2 percent at $49.42 a share. Canaccord’s Nicholas Hatch reiterated a Buy rating

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His Secret To Day Trading Gold

It does not matter what your specialty is for trading is we all have our own little trading secrets to help use better time our trades. While many day traders focus on individual stocks like aapl, goog, tsla etc… I like to focus on day trading gold. Years ago I

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Gold Mining Stocks Show Favorable Prospects

Now might be an advantageous time for investors to strike gold. With energy prices lower, it’s cheaper to mine gold and gold mining companies are seeing opportunity ahead to expand operations. If the price of gold goes higher, that’s a bonus, but it isn’t necessary in order for the mining

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Barrick Gold to Sell Some Mines

Barrick Gold Corp, the world’s biggest gold miner by production, announced a fourth quarter net loss of $2.85 billion as the Canadian company added billions of dollars in impairments to the long list of write downs it has already made. The net loss for the fourth quarter was $2.85 billion,

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Paulson Keeps Gold Stake as Investors Lose Love for Metal

Billionaire hedge fund manager John Paulson stuck with his holding in the world’s biggest gold exchange-traded product at a time when other investors were dumping the metal. Paulson & Co., the largest holder of the SPDR Gold Trust, kept its stake at 10.23 million shares in the three months ended

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US, Canadian private equity firms hunt ASX gold companies

Cashed-up mining specialist private equity funds in the United States and Canada are preparing to buy into gold projects held by ASX-listed juniors starved of capital and funding. The North American funds’ interest in Australian assets follows a flurry of equity raisings in Canada last month, which saw US-based private equity

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