Gold-MiningStocks.com Reports – 18 Year High Causes Gold Market Rally
Released on = November 17, 2005, 5:37 pm
Press Release Author = eCon Investor Relations
Industry = Financial
Press Release Summary = Benchmark gold futures hit 18 year high at market open –
Investment funds led the buying.
Press Release Body = Gold-MiningStocks.com Reports – 18 Year High Causes Gold Market
Rally
Benchmark gold futures hit 18 year high at market open – Investment funds led the
buying.
POINT ROBERTS, WA, Delta, B.C. November 17, 2005 – Gold-MiningStocks.com (GMS) an
investor and industry news portal for the gold-mining sector, reports that upon
market opening on Thursday the price of gold hit $483.20 per ounce, near the highest
point in almost 18 years as investment funds and speculators searched for
alternatives to currencies, stocks and bonds. GMS offers investors information on
gold stocks, mining stocks, precious metals stocks, mineral exploration/development
and provides industry research. GMS also features a growing list of participating
public and private companies.
The GMS website does not make recommendations, but offers a unique free information
portal to research news, exclusive articles, interviews, investor conferences and a
growing list of participating public companies in the Gold sector.
Article Excerpt: 18 Year Price High Causes Gold Market Rally
By Brian Eriksen Noer, Gold-MiningStocks.com
November 17, 2005
Precious mineral buying increased on Wednesday upon speculations that gold would hit
$500 per ounce (last seen in 1987) due to investor concerns about the US economy and
geopolitical instability. Dorothy Atkinson, Broker with Bolder Investment Partners,
sees the $500 projection as highly likely. “The trend is your friend – the trend
which has been in place for many years is not a particularly steep one, and I fully
anticipate we will get to $500 per ounce in the near future.”
“Portions of the world's population are starting to remember that currencies have
risk and that gold is one of the world's best stores of value/proxy for money,” said
Michael Meyers, President of Running Fox Resources (TSXV: RUN) a company that
features an advanced high grade gold project and a highly prospective Alberta
natural gas project, both located in Canada. “The US is quietly favoring a lower
valued dollar in order to pay back foreign debt with those same depreciated dollars.
At the same time energy prices are very strong and appear to be going higher over
the next 3 months, and there has traditionally been a strong correlation between
gold and oil.”
“The World Gold Council just came out with a report of positive demand statistics,
and bullish data,” said David Smith, Director of Investor Relations for
Agnico-Eagle Mines Ltd. (NYSE: AEM). “Demand is rising - there is talk of some
central banks adding gold to their reserves - and most market watchers in general
will say that mine supply will be flat at best or even declining going forwards.”
Click here to read the full article:
http://www.Gold-MiningStocks.com/Gold_Stocks/Articles/18_Year_High.asp
The GMS website does not make recommendations, but offers a unique free information
portal to research news, exclusive articles, interviews, investor conferences and a
growing list of participating public companies in the Gold sector.
Gold-MiningStocks.com includes a growing list of public companies in the sector. For
our list of companies involved in the Gold Industry, click here:
http://www.gold-miningstocks.com/Gold_Stocks/Stocks_List.asp
To be added to our current list of Gold Stocks, Mining Stocks, Precious Metals
Stocks, Mineral Exploration/Development and Industry Research, contact:
news@investorideas.com
About GMS Featured Client: (GMS is compensated by profiled Featured Company: Running
Fox Resource Corp. (TSXV: RUN; OTC.PK: RFXRF) Gold and Energy Stock - A Canada based
gold and natural gas resource company with the high-grade Brett Gold Project in
British Columbia, and drilling horizontal natural gas wells on 28 Sections in
Pincher Creek Gas Field in Alberta, Canada. The Brett Gold Project now covers 20
square kilometers, with exploration work of more than $4,000,000, including 172
drill holes. As reported in the independent NP 43-101 Technical Report "Hole 93-19,
a reverse circulation hole, returned an intersection of 16.76m grading 35.79 gms
Au/tonne (55 feet grading 1.045 oz Au/ton) including 3.048 m grading 57.88 gms
Au/tonne (1.69 oz Au/ton) and 4.57 m grading 107.88 gms Au/tonne (3.15 oz Au/ton)
within the Main Shear." In 1996 a bulk sample, was shipped to the Cominco Smelter in
Trail, BC and returned an average net recovered grade of 0.82 ounces per ton of gold
and 2.25 ounc
es per ton of silver. Drilling highlights in 2004 included 4.3 feet of 5.1 ounces
gold in a new zone, and 10 feet of 1 ounce gold in another drillhole. New, large
gold-anomalous areas were confirmed by geochemical sampling. Very prospective
drilling and trenching is planned for 2006. Running Fox, a small-cap, debt-free
company with serious high-potential projects. www.foxgold.ca
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For more information contact:
Dawn Van Zant / Ann-Marie Fleming / Brian Noer
Toll free: 800-665-0411
Email: dvanzant@investorideas.com, afleming@investorideas.com, bnoer@investorideas.com
Investorideas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp Our sites
do not make recommendations, but offer information portals to research news,
articles, stock lists and recent research. Nothing on our sites should be construed
as an offer or solicitation to buy or sell products or securities. We attempt to
research thoroughly, but we offer no guarantees as to the accuracy of information
presented. All information relating to featured companies is sourced from public
documents and/ or the company and is not the opinion of of our web sites. This site
is currently compensated for by its “featured company” - Running Fox Resource Corp
(OTC.PK: RFXRF) One thousand dollars per month.
Web Site = http://www.gold-miningstocks.com
Contact Details = Dawn Van Zant / Ann-Marie Fleming / Brian Noer
Toll free: 800-665-0411
Email: dvanzant@investorideas.com, afleming@investorideas.com, bnoer@investorideas.com
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