Gold

Acclaim Exploration NL (AEX)

Wed, 18/06/2008 - 07:32

Stock Code

AEX

Stock Exchange

Australian Securities Exchange

Acclaim Exploration (AEX) is involved in mineral exploration. AEX was listed on the Australian Stock Exchange (ASX) on 16 August, 1984. Their Wingella project has been sold to Metals X with Acclaim now a majority shareholder in MLX. AEX is primarily focused on the Dalton Uranium and Gold Project in South Africa whiere proposed drilling targets have been identified. The Denny Dalton Project is located approximately 70 km south south-west of the town of Vryheid in the north of the province of KwaZulu-Natal , Republic of South Africa.

Oxiana (OXR)

Fri, 13/06/2008 - 09:16

Stock Code

OXR

Stock Exchange

Australian Securities Exchange

An exploration and mining company, Oxiana Limited (OXR) is engaged in the mining and exploration of gold, copper, precious and base metals. Its production of copper and gold is done in the company’s two mines located in Laos. OXR was listed on the Australian Stock Exchange on the 1st of January 1970. Its average annual revenue reaches approximately $1 billion out of its issued capital of $25 million. Its headquarters is located in Melbourne, Australia and to date; around 150 employees are employed in the company.

Lihir Gold (LGL)

Sat, 07/06/2008 - 03:21

Stock Code

LGL

Stock Exchange

Australian Securities Exchange

Lihir Gold Limited (LGL) is an Australian-based gold mining company engaged in the mining, exploration and gold processing in the Australasian region. LGL’s processing and gold mine facilities are located on Lihir Island, an island situated in the province of New Ireland in Papua New Guinea. Although the company is headquartered in Port Moresby, Papua New Guinea, it operates mainly in Australia. LGL was listed on the Australian Stock Exchange on the 9th of October, 1995. Its annual revenue reaches $498 million out of its issued capital of $873,822.

Bank Stocks Gain as Markets Open Higher

Mon, 19/05/2008 - 04:55

As the Westpac's deal foresees counter bid from other banks, trading of bank stocks have plummeted over the last week. The Big Four banks have rallied and the five biggest players have touched their record high. The Westpac deal with St. George has renewed interest in bank stocks which are usually taken as safe haven. According to portfolio manager, Matthew Kidman from Wilson Asset Management, "For 10 years everyone has said that banks are a safe haven -- and they're definitely not that because they're highly geared and we've seen the share prices get thumped."

George Soros, Elections, US Dollar, Oil and Gold

Wed, 07/11/2007 - 23:50

George Soros, Elections, US Dollar, Oil and Gold

The week has been an eye opener for market watchers, traders and investors alike. We’re at a crossroads. (Aren’t we always at a crossroad?) Australia is going to elections at the end of November on Saturday 24th. US elections are coming too but that’s next year. Billionaire investor George Soros is warning of an impending market correction. The US dollar is continuing to decline all the while oil and gold is seeing all time highs. There you have it, the five topics that have caught my eye in the past week: George Soros, elections, the US dollar, oil and gold.

Gold Outlook

Mon, 04/06/2007 - 08:41

Australian securities analyst Macquarie Research Equities revised their gold price outlook upwards. They're more bullish gold price forecast, particularly in 2008 and 2009, is based on a number of key drivers including a muted supply response to higher prices, lower than expected central bank sales, speculators’ aversion to aggressively shorting gold in a post 9/11 world, continued producer dehedging, and likely continued pressure on the US dollar.

ASX Week 8 2006 - Outlook

Sun, 19/02/2006 - 00:36

The ASX All Ordinaries has broken a support line at around 4820, this movement could prove to be a weak correction, especially if the secondary support at 4730 holds. Shares could open flat to start the week off on Monday but may end up in higher territory due to a recent jump in oil prices and gold on Friday night. On the flip side, the Aussie markets may be a little cautious due to the Presidents' day Holiday. This week is the arguably biggest week for the ASX market with over 70 major companies posting earnings as part of our local "Profit Reporting Season".

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