Equities Gain ; The metal fell 23 percent to $1,291.27 an ounce in London this year

Equities Gain ; The metal fell 23 percent to $1,291.27 an ounce in London this year. It rose 9.4 percent since falling to $1,180.50 on June 28, reaching $1,300.88 on July 17. The Standard & Poor’s GSCI gauge of 24 commodities added 0.8 percent since the start of January and the MSCI All-Country World Index of equities gained 9.7 percent. Treasuries lost 2.6 percent, a Bank of America Corp. index shows. 

Gold reached a record $1,921.15 in September 2011 as the U.S. central bank, which is buying $85 billion of bonds a month, led nations in cutting interest rates and purchasing debt. The Fed could keep buying bonds for longer if “financial conditions -- which have tightened recently -- were judged to be insufficiently accommodative to allow us to attain our mandated objectives,” Bernanke said two days ago.

Gold over $ 1,800 in Gold Trade TODAY

Gold over $ 1,800
22/08/2011 Gold Market

22/08/2011
Gold continues to rise unstoppable.
Gold is close to $ 1,900 per ounce.
On Monday, 22.08.2011, has reached the highest intraday record of all time of $ 1899.40, and 1318.62 Euros.

08/19/2011
Gold has been the third time in a week $ 1,800 per ounce.
On Friday, 19.08.2011, has reached the highest intraday record of all time of $ 1881.40 (1832.00 yesterday).

Gold continues to rise following the downgrade of U.S. debt by S & P.

11/08/2011
Gold prices have climbed to a record high of $ 1817.60 and 1280.41 euros on Thursday, 08.11.2011, after the credit rating agency Standard & Poor's decided to downgrade the sovereign debt the United States from AAA to AA +.

Asian markets and Australia on 23/08/2011
Hong Kong, the Hang Seng +0.92%
China, the CSI 300 +0,88%
Japan, the Nikkei 225 +1,22%
Australia, the ASX 200 +2,23%

European shares on 22/08/2011
+1.13% EuroStoxx
Germany: DAX -0.11% / +1.85% MDAX / +2.28% TecDAX
Spain: IBEX 35 +1,87%
England: FTSE 100 +1.08%
France: CAC 40 +1,14%
Italy: FTSE +1.78% MIB

The U.S. stock market on 8/22/2011
U.S.:
+0.34% DowJones
Nasdaq +0.15%
S & P 500 +0.03%

Record Gold Trade in Euros

The gold price in cash in Euros and has touched record highs 09/06/2011 1366.65 Euros per troy ounce (intraday) and 1345.59 Euros (the close of trading on London Gold Fixing 05-09), thus surpassing previous records. The new record is because investors buy the precious metal as a haven in times of crisis.

The record price of gold in Euro (intraday) is 09/06/2011 at 1366.65 Euros.

Source of the gold price in Euros is: London Gold Fixing of London Bullion Market Association.

Previous record gold prices in Euro (intraday): from 09/06/2011 to 1366.65 Euros from 08/23/2011 to 1330.30 Euros from 22/08/2011 to 1318.62 Euros from 19/08/2011 to 1310.55 Euros from 11/08/2011 to 1280.41 Euros from 08/10/2011 to 1266.83 Euros from 08/09/2011 to 1248.79 Euros from 08/08/2011 to 1210.98 Euros from 08/04/2011 to 1188.12 Euros from 08/03/2011 to 1177.98 Euros from 08/02/2011 to 1166.74 Euros from 18/07/2011 to 1144.70 Euros from 15/07/2011 to 1125.50 Euros from 13/07/2011 to 1124.19 Euros from 12/07/2011 to 1117.84 Euros from 11/07/2011 to 1108.99 Euros from 25/05/2011 to 1087.56 Euros from 24/05/2011 to 1082.49 Euros from 23/05/2011 to 1081.22 Euros from 29/12/2010 to 1075.40 Euros. 

Previous record gold prices in Euro (On the opening day of the London market): from 09/05/2011 to 1341.14 Euros from 22/08/2011 to 1303.18 Euros from 19/08/2011 to 1299.28 Euros from 11/08/2011 to 1254.39 Euros from 08/09/2011 to 1241.76 Euros from 08/08/2011 to 1195.21 Euros (At end of day market in London) from 09/05/2011 to 1345.59 Euros from 09/02/2011 to 1318.93 Euros from 08/23/2011 to 1303.96 Euros from 22/08/2011 to 1303.19 Euros from 18/08/2011 to 1276.15 Euros from 08/10/2011 to 1246.92 Euros from 08/08/2011 to 1194.10 Euros from 08/04/2011 to 1186.10 Euros from 08/03/2011 to 1166.57 Euros from 08/02/2011 to 1147.37 Euros from 08/01/2011 to 1137.19 Euros from 18/07/2011 to 1136.70 Euros from 15/07/2011 to 1124.42 Euros from 13/07/2011 to 1121.05 Euros from 12/07/2011 to 1107.34 Euros from 11/07/2011 to 1106.88 Euros from 25/05/2011 to 1086.84 Euros from 24/05/2011 to 1082.67 Euros from 23/05/2011 to 1076.16 Euros from 29/12/2010 to 1075.37 Euros from 12/06/2010 to 1065.86 Euros.

Other factors favoring the purchase of gold Global demand for gold bullion and coins in 2010 reached the highest level since the collapse of Lehman Brothers in 2008, as investors, especially in Germany, Austria and Switzerland, seeking refuge from the volatility of financial markets Europeans. The purchases were exceptionally high in the case of German and Swiss investors. The increase appears to be a great concern in Germany about the possible inflationary impact of the decisions of the ECB.Michael Kramer, the president of Manfra, Tordella & Brookes, a leading coin dealer in New York, said: "Demand has been high abroad. Most have gone to Germany. " Edel Tully, precious metals strategist at UBS in London, said:"The demand for coins is so high that the proposal has problems to cover." UBS, one of the largest banks bullion dealers in the world, said its sales tables Geneva and Zurich had experienced increased demand for coins and small bullion since 2008 on Thursday (05/06/2020), when ensued in the markets fear of contagion in the euro zone. The Austrian Mint has sold in the last 2 weeks of June 2010 some 108 000 ounces of coins from the Vienna Philharmonic, over the 89,000 ounces sold in the first 3 months of 2010. Its marketing director said: "We have increased third production, so we worked 24 hours a day." Outside the eurozone, traders explained that the demand was also high in North America. Since 2008, an increasing number of investors opting for gold. Gold traditionally rises during times of financial distress or weakness of the devises.According to GFMS, the London-based precious metals consultancy, global investors, led by the USA, acquired in 2009 a record 228.5 tons of gold coins and bullion, compared to 77.4 tonnes in 2000.

Gold Mining Stocks

Gold mining stocks list from the best top gold miners.Gold prices rise per ounce in Asian trade on Monday, fears regarding the U.S. stock markets and Europe debt. For safe investment many gold investor search the best Gold Mining Stocks. Gold today become a safe investment because investors believe that it will always retain its value ( rise and rise every years ) -- it has been a much sought-after commodity for thousands of years and supply is limited. Gold speculators who are certain that gold prices will keep rise over every years can do better by constructing a portfolio of gold miners with higher expected growth rates or giving a higher weight to smaller gold miners.

Inflated gold prices could reward gold miners around the world so this maybe effect Gold mining stocks. But we agree,we must optimize price of gold will increase every years. For more information below is list some of gold companies and the top gold miners who had a major influence on  gold mining stocks around the world :

-Keegan Resources (NYS: KGN) : Market cap of $579.81M. During the current quarter, institutional investors have bought 13.4M shares (net), which represents 18.49% of the 72.47M share float.

-Banro Corporation (NYS: BAA) : Market cap of $731.38M. During the current quarter, institutional investors have bought 18.7M shares (net), which represents 10.52% of the 177.77M share float.

-Gold Resource Corp (Nasdaq: GORO): Market cap of $1.29B. During the current quarter, institutional investors have bought 2.8M shares (net), which represents 8.77% of the 31.91M share float.

-Allied Nevada Gold Corp. (NYS: ANV) : Market cap of $3.14B. During the current quarter, institutional investors have bought 3.7M shares (net), which represents 4.56% of the 81.20M share float.

-Compania de Minas Buenaventura SA (NYS: BVN) : Market cap of $10.03B. During the current quarter, institutional investors have bought 6.8M shares (net), which represents 3.69% of the 184.33M share float.

-IAMGOLD Corp. (NYS: IAG) : Market cap of $7.24B. During the current quarter, institutional investors have bought 11.0M shares (net), which represents 3.48% of the 315.65M share float.

-Extorre Gold Mines Ltd. Ordinar (NYS: XG) : Market cap of $985.46M. During the current quarter, institutional investors have bought 21.3M shares (net), which represents 25.83% of the 82.45M share float.

-Barrick Gold Corporation (ABX): ABX has a market capitalization of $52.2 billion and a trailing P/E ratio of 15.6x. It’s expected to earn $4.15 per share in 2012. ABX gained 40% during the past 12 months and had a 320.7% quarterly earnings growth.

-Goldcorp Inc. (GG): Goldcorp has a market capitalization of $39.2 billion and a trailing P/E ratio of 23x. It’s expected to earn $2.08 per share next year. GG returned 32% over the last 52 weeks and its quarterly earnings increased by 397.5% over the same period last year.

-Newmont Mining Corp. (NEM): NEM has a market capitalization of $26.7 billion, which shows a trailing P/E ratio of 11.9x. It’s expected to earn $2.24 per share in 2012. NEM gained 11% during the last year and had a 45.5% quarterly earnings growth.

-US Gold Corporation (NYSE: UXG): Market cap of $782.53M. During the current quarter, institutional investors have bought 18.0M shares (net), which represents 16.75% of the 107.47M share float.

-International Tower Hill Mines Ltd. (NYS: THM) : Market cap of $585.09M. During the current quarter, institutional investors have bought 1.9M shares (net), which represents 2.79% of the 68.09M share float.

-Exeter Resource Corporation (NYS: XRA) : Market cap of $355.2M. During the current quarter, institutional investors have bought 1.3M shares (net), which represents 1.66% of the 78.30M share float.

-AngloGold Ashanti Ltd. (AU): AngloGold has a market capitalization of $17.9 billion. AU shows a trailing P/E ratio of 185.3x and it’s expected to earn $1.69 per share in the next year. The company gained 27% during the last 12 months and had a year-over-year quarterly earnings growth rate of -87.3%.

-Kinross Gold Corporation (KGC): KGC has a market capitalization of $18.4 billion and a trailing P/E ratio of 17.4. The stock is expected to earn $0.99 per share next year. KGC lost 2% over the last 12 months, and had a -10.7% quarterly earnings growth over the last year.

-Gold Fields Ltd. (GFI): GFI, based in Sandton, South Africa, has a market capitalization of $12.1 billion. It has 78 million ounces of mineral reserves and 281 million ounces of mineral resources. GFI has a trailing P/E ratio of 72.05x and gained 42% during the last 52 weeks.

-Randgold Resources Ltd. (GOLD): GOLD has a market capitalization of $6.9 billion, and a trailing P/E ratio of 67.5x. The stock is expected to earn $0.50 per share in 2012. Randgold returned 5% during the last year and its quarterly earnings declined by -16.5% year-over-year.

-Harmony Gold Mining Co. Ltd. (HMY): Harmony Gold has a market capitalization of $6 billion. HMY shows a trailing P/E ratio of 248.9x. It’s expected to earn $0.44 per share next year. Harmony Gold returned 56% over the last 12 months and its quarterly earnings increased by 170.3% over the same period last year.

-Agnico-Eagle Mines Ltd. (AEM): AEM has a market capitalization of $11.4 billion and AEM shows a trailing P/E ratio of 34x. Next year, it’s expected to earn $0.55 per share. AEM returned 25% over the past year and had a 83.5% quarterly earnings growth.

-Compania de Minas Buenaventura SA (BVN): BVN has a market capitalization of $11.1 billion, showing a trailing P/E ratio of 17.09x. It’s expected to earn $0.96 per share in 2012. BVN returned 56% over the last year and its quarterly earnings growth rate is 17.2%.

-Yamana Gold, Inc. (AUY): Yamaha Gold has a market capitalization of $9.2 billion and a trailing P/E ratio of 20.4x. AUY is expected to earn $0.75 earn per share in 2012. AUY returned 29% during the past 12 months and had a 343.5% quarterly earnings growth rate.

-IAMGOLD Corp. (IAG): IAG has a market capitalization of $8.4 billion. It has a trailing P/E ratio of 30.2x and it’s expected to earn $0.47 per share in 2012. IAG, located in Toronto, Canada, returned 71% over the last year.

-Eldorado Gold Corp. (EGO): EGO has a market capitalization of $8.9 billion. EGO shows a trailing P/E ratio of 43x. It’s expected to earn $0.52 per share in 2012. Eldorado Gold returned 34% during the last 52 weeks, which had a 32% quarterly earnings growth.

-Silver Wheaton Corp. (SLW): Silver Wheaton has a market capitalization of $15.3 billion and it shows a trailing P/E ratio of 53.2x. $0.60 earn per share is expected next year. The company returned 187% during the last year, increasing its quarterly earnings by 142% over the same period.

-Royal Gold, Inc. (RGLD): Royal Gold Inc., which has a market capitalization of $2.88 billion, shows a trailing P/E ratio of 75.7x. It’s expected to earn $0.09 per share in 2012. RGLD returned 15% over the last year and had a quarterly earnings growth rate of 90.5%.

-Pan American Silver Corp. (PAAS): PAAS has a market capitalization of $4 billion. PAAS shows a trailing P/E ratio of 35.7x. It’s expected to earn $0.24 per share in 2012. PAAS returned 67% over the last year and has a 66.8% quarterly revenue growth rate.

-Silver Standard Resources Inc. (SSRI): Silver Standart Resources, formerly known as Consolidated Silver Standard Mines Ltd., has a market capitalization of $2.3 billion. It’s expected to earn $0.06 per share in 2012 and the company returned 72% during the last 52 weeks.

-New Gold, Inc. (NGD): NGD, which shows a trailing P/E ratio of 25.3x, has a market capitalization of $4.5 billion. NGD gained 159% during the last twelve months and it’s expected to earn $0.21 per share next year. New Gold has a 30% interest in El Morro copper-gold Project in Chile.

-Seabridge Gold, Inc. (SA): Seabridge, located in North western British Columbia, has a market capitalization of $1.3 billion. SA is expected to earn $0.005 per share in 2012. The stock returned 45% over the last year. The company was formerly known as Seabridge Resources Inc.

-Gammon Gold, Inc. (GRS): Gammon Gold has a market capitalization of $1.38 billion. It is expected to earn $0.09 per share in 2012. GRS returned 23% over the past 52 weeks.

-Aurizon Mines Ltd. (AZK): AZK, founded in 1988 and located in Vancouver, has a market capitalization of $1.16 billion. AZK’s trailing P/E ratio is 69.6. It’s expected to earn $0.07 per share next year. Aurizon gained 57% over the previous 12 months. Its quarterly earnings grwoth rate is -37.1% year-over-year.

-Hecla Mining Co. (HL): Hecla Mining, also a producer and seller of lead, zinc and silver, has a market capitalization of $2.5 billion and a trailing P/E ratio of 69.6x. It is expected to earn $0.13 per share in 2012. Hecla Mining returned 71% during the 52 past weeks.

-Northgate Minerals Corp. (NXG): Formerly known as Northgate Exploration Limited, Northgate Minerals has a market capitalization of $786.1 million. It lost 9% over the previous year and it’s expected to earn $0.06 per share next year. Northgate Minerals had total and provable reserves of 3,754,296 ounces of gold as of December 2009.

-Great Basin Gold Ltd. (GBG): Great Basin Gold, founded in 1986 and is based in Sandton, South Africa, has a market capitalization of $1.06 billion. GBG returned 57% during the past 12 months. It’s expected to earn $0.09 per share in 2012.

Golden Star Resources, Ltd. (GSS): Golden Star Resources holds interests in several gold exploration projects in Ghana, Sierra Leone, Burkina Faso, Ivory Coast and Niger. GSS has a market capitalization of $770.5 million and lost -18% during the past twelve months. It is expected to earn $0.09 per share next year.

-Minefinders Corp. Ltd. (MFN): Formerly known as Twentieth Century Explorations Inc., Minefinders Corp. has a market capitalization of $1.01 billion and a trailing P/E ratio of 141. It is expected to earn $0.07 per share in 2012. MFN gained 36% over the last 52 weeks and increased its quarterly earnings by 183% over the same period last year.

-Tanzanian Royalty Exploration Corp. (TRE): Tanzanian Royalty Exploration Corp., an exploration stage company engaging in the acquisition and exploration of natural resource properties, has a market capitalization of $583.4 million. TRE was formerly known as Tan Range Exploration Corporation before changing its name to Tanzanian Royalty Exploration Corporation in Feb 2006. It returned 56% over the last year.

-Nevsun Resources Ltd. (NSU): Nevsun Resources has a market capitalization of $1.15 billion. NSU has 94.5 square kilometers of exploration license and 39 square kilometers of mining agreement area which includes 16.5 square kilometers mining license. It is located in western Eritrea. Nevsun Resources gained 104% during the past twelve months.

Gold Prices per Ounce

Gold prices per ounce today rise per ounce on after news that U.S. gross domestic product rose at a 1.3% annualized pace in the second quarter – well below market expectations of 1.8%,the gold price per ounce today $1,623 was also rise by the fact that President Obama and House Republicans remain unable to forge an agreement to raise the debt ceiling. A warning economic recovery and ongoing worries over sovereign debt – in not only Europe, but now the United States – continue to support the gold price per ounce.The debt by the U.S. government paired with the bad report on the GDP pushed investor anxieties higher which resulted in the stock indices moving lower.

This policy helped to support safe haven appeal of precious metals like gold and silver. The dollar strengthened versus the euro and the British pound and gold futures jumped higher. Gold futures even hit another intraday high at one point in the session. Precious metal gold closed out the day green by .93 percent or 15.00 at $1631.20 per troy ounce or gold prices per ounce up to from $1,623 . Gold futures continue to rise an intraday high of 1634.90 per troy ounce yesterday as well.

On Thursday, the gold price held firm as U.S. debt ceiling discussions remained at the forefront for financial markets. The price of gold initially fell toward $1,605 per ounce, but rebounded back into positive territory as the broader markets extended its losses in afternoon trading. With the slight advance, the gold price is on pace for its fourth consecutive weekly gain, and sits just below its $1,626 all-time high.

Other the world’s biggest gold producers were in the news Thursday following their release of second quarter earnings reports. Barrick Gold (ABX), Goldcorp (GG), and Agnico-Eagle Mines (AEM) each announced earnings which were largely in-line with market expectations on the back of buoyant gold prices. However, analysts were discouraged by production shortfalls and/or higher than expected capital expenditures. As a result, ABX, GG, and AEM finished the day lower by 0.8%, 3.7%, and 5.7%, respectively.

Gold Prices Continue to Rise

Gold prices continue to rise, this is an excellent investment opportunity for staple investor, the week has begin on a optimistic note. Broad-based buying knowledge across product counters led to price revival in industrial commodities. Gold has formerly once more hogged the lime-light with the yellow metal scaling new high in today’s meeting. The common buying bender in commodities and chiefly gold continued as fears of rise and also the increasing worry between Iran and western world adding to doubt in global trade. The dollar deteriorating next to basket of currencies has also aided to product price gain. December resolution crude oil agreement replaced the November agreement which expired on Friday. This has also eager investors to take fresh bets on the commodity.

Crude oil price rise over $78 a barrel, addition over a 1% in todays sitting amid heightened tension between and Western nations, following Tehran said it would start war games to help defend its nuclear amenities. Nymex crude for January release rise 92 cents to $78.39 a container. The December agreement, which expire on Friday, developed down 74 cents at $76.72 a barrel, weigh down by a stronger US dollar and concern about the power demand outlook. Meanwhile, Iran's military supposed it would start large-scale air defence drills, and a cleric in the radical Guards warn the Islamic Republic would fire missiles. OPEC governor said the crude advertise was in equilibrium and oil supply and demand was shut to each other. Money manager boost net long crude oil position on the New York Mercantile swap in the week during November 17. On MCX crude oil agreement opened stronger tracking abroad markets.

Gold strike fresh record highs on Monday as financial uncertainty and the possible for inflation drew investor to the relative constancy of the asset. Comex December gold rise $18.40 to $1,165.20 an small amount on the Nyme. Spot gold was offer at $1,165.20 an ounce, after have earlier reach a record $1,167.45. The metal's price on Friday finished higher for the sixth successive session. 's acquisition of 200 tones of bullion from the IMF had also boost interest in gold previous this month. On the MCX, bullion counter ongoing strong which gold inking strapping gain in early hours. MCX Gold for December resolution after opening the meeting at Rs 17,408 per 10 gram rise to Rs 17,557 a new life high before correcting to present level of Rs 17,529.

source : Mining News - http://greatmining.com