Famed stock market newsletter writer, Richard Russell, recently told readers of the his Dow Theory Letters that gold stocks are poised to make another bullish move. The author of the longest-running financial newsletter reminded his readers that sector moves usually follow the leader(s) of the sector. In the case of gold stocks, Australian-based Newmont Mining [...]
Articles published by matt.fields
Gammon Gold posts record free cash flow; expects higher production levels for 2010
Gammon Gold (NYSE: GRS) posted its fiscal fourth-quarter results, reporting lower net income due to foreign exchange losses and tax-related charges, but firmer precious metals prices mitigated downward pressure in earnings. The Nova Scotia-based mid-tier gold and silver producer said it achieved its ninth straight quarter of positive operating cash flow. For the fourth quarter, [...]
DOE Documents Say EIA reports Bogus Data
The U.S. government methodology for measuring oil inventory is broken, according to internal documents obtained from the Department of Energy (DOE), creating skepticism among traders and adversely affecting producers and production levels. Documents obtained through a Freedom of Information Act request strongly suggest multiple errors in the way oil inventories are calculated and reported by [...]
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