25 April 2014 - Gold Bounces on Ukraine Worries

Posted: 25 Apr 2014 10:39 PM PDT

From:http://goldinvestingnews.com/43006/gold-bounces-on-ukraine-worries.html

Thursday April 24, 2014, 5:15pm PDT

By Vivien Diniz

Gold has swung back after sustaining a two-and-a-half-month low earlier this week. Safe-haven demand was back in force on Thursday as tensions between Ukraine and Russia escalated. Specifically, Russian President Vladimir Putin warned Ukraine not to continue its anti-separatist offensive after government troops killed five rebels, prompting the Russian military to begin new drills, Bloomberg reported.

The yellow metal dipped down to its lowest price since February on Tuesday, trading at $1,277.10 per ounce. By mid-week, gold was trading flat, with the spot price faring slightly better at $1,284.49; however, it was held back by equities, which put a damper on safe-haven appeal, and weak investor appetite. Also keeping metals prices down was data from the US indicating that home prices climbed in February; home sales were more robust than expected as well.

Tokyo-based Yuichi Ikemizu, branch manager at Standard Bank, commented on this week's gold performance, explaining that "[t]there is support at $1,275. But if we break that level, we are going to fall to $1,250." Ikemizu went on to explain that the current sentiment surrounding the yellow metal is quite bullish, with no physical buyers at the sub-$1,300 level.

Get the latest Gold Investing News articles delivered to your email inbox. Learn more

Email Sign up

Gold definitely tested the $1,300 mark on Thursday, hitting a high of $1,299.90. Ultimately, the yellow metal closed at $1,292.95 that day.

SPRD Gold Trust ETF not looking so hot

According to BusinessDay Live, the world's largest exchange-traded fund (ETF), the SPDR Gold Trust (ARCA:GLD), hasn't been doing too well in recent days, with sharp outflows weighing down prices. Indeed, last week alone, the fund saw an outflow of 9.3 tonnes, wiping any gains made so far this year. The fund has dropped 7 percent in the last six weeks.

Goldcorp drops Osisko bid

This week, the saga between Vancouver-based Goldcorp (TSX:G,NYSE:GG) and Montreal-based Osisko (TSX:OSK) came to a close as Goldcorp threw in the towel on its bid for the mid-tier miner.

Goldcorp's CEO, Chuck Jeannes, explained that the company made a decision to remain disciplined with respect to the bid, emphasizing that the decision not to pursue the transaction following the $3.9-billion bid by Yamana Gold (TSX:YRI) and Agnico Eagle (TSX:AEM) was in line with that decision.

Company news

On Thursday, Sandstorm Gold (TSX:SSL,NYSEMKT:SAND) announced a US$10-million loan to Luna Gold (TSX:LGC). Luna Gold has drawn on the full amount of the loan and intends to use the funds for a brownfield exploration — drilling — program that it plans to start in the latter half of 2014.

Meanwhile, Cayden Resources (TSXV:CYD) reported drill results for the first seven holes at the Pena de Oro target at the El Barqueno gold property in Jalisco State, Mexico. Highlights from the program include 27 meters of 4.46 grams per tonne (g/t) gold from surface in hole 43, along with 12 meters of 4.77 g/t gold in hole 47. All seven holes in the program hit significant gold intercepts.

Castle Mountain Mining (TSXV:CMM) released a PEA on Thursday for the Castle Mountain mine in California. It showcases a production plan of 176,000 ounces of gold over a period of more than 17 years. The company plans to start construction in 2015; it also expects to acquire the remainder of its permits alongside its feasibility study.

Richmont Mines (TSX:RIC,NYSEMKT:RIC) made some progress with its Island Gold Deep. The company accessed the deep C Zone for the first time and confirmed the continuity and grade of the deposit.

According to Paul Carmel, CEO of Richmont, "[s]o far we have three levels opened up at Island Gold Deep, with a fourth (610 metre) to be excavated very shortly. The ramp will reach our targeted 635 metre level before year-end and may potentially be continued to the 660 metre level depending on the availability of jumbo crews."

Carmel added that the company is "already beginning to lay the groundwork for extraction of the first long-hole stope from Island Gold Deep later in the year, yielding further geotechnical data before beginning the process of establishing reserves. We are delighted with the progress we are making at Island Gold Deep as it continues to transform the Island Gold Mine into a long-life, low-cost, cornerstone asset for Richmont."

Source:http://goldinvestingnews.com/43006/gold-bounces-on-ukraine-worries.html

25 April 2014 - 千户黄金：硝烟再起金价避险绝地反弹

Posted: 25 Apr 2014 10:37 PM PDT

From:http://gold.hexun.com/2014-04-25/164258265.html

2014年04月25日09:30 来源：和讯网

和讯特约

美国经济数据好转一度打压黄金跌破1280美元关口，但随着乌克兰局势恶化的消息传来，金银上演大逆转。但这种刺激性反弹能否持续尚有待观察。黄金上方阻力位于1300美元.

现货黄金周四（4月24日）开盘于1283.65美元/盎司，日内白盘时段窄幅震荡，至美盘初时段最低触及1268.35美元/盎司，最高触及1298.58美元/盎司，收报1292.80美元/盎司，较上已交易日上涨9.44美元，涨幅0.74%。

【市场消息】

1,周四乌克兰政府装甲部队在乌东部城市Slaviansk发动攻势。乌克兰内政部称，政府军摧毁了亲俄势力的三个哨所，5名亲俄势力人员死亡，政府军一人受伤。对此俄罗斯国防部长Sergei Shoigu周四晚间宣布，俄军重启"军事训练"。另外，近日乌克兰国内盛传俄军将在五月入侵，甚至俄行动具体阶段都已经被曝光。

2,美国劳动部周四公布的数据显示，美国4月19日当周季调后初请失业金人数增加2.4万人至32.9万人，录得近一个月以来的高位，预期31.0万人，前值修正为30.5万人，初值30.4万人。

3,美国商务部周四公布的数据显示，美国3月耐用品订单月率增长2.6%，预期增长2.0%，前值增长2.1%。

4,美国堪萨斯联储周四发布报告称，其辖区内4月份制造业活动持续上涨，3月份该数值曾创下两年新高。美国4月堪萨斯联储制造业综合指数为7，3月份为10。4月份综合指数较去年同期上扬14%，3月份为上扬12%。

【技术分析】

日线图上来看金价上一交易日收报一根带长下影线的大阳线，压抑已久的多头力量受避险情绪影响，最终破而后立，强力反弹，最高触及1298一线，接近千三关口。指标上来看，金价在触及布林带下轨之后强力反弹最高触及布林带中轨，随后小幅回落；目前已成功站上攻击线MA5周期线上方，以K线形态来看，目前多头力量较强，正如千户昨日所预料的反弹，目前已有30余美金的反弹力度，从区间来看已然差不多，但千户认为目前反弹力度尚未释放完毕，预计在接下来的几个交易日内将维持反弹格局。

Source:http://gold.hexun.com/2014-04-25/164258265.html