Friday, May 8: Today in Gold and Silver

Friday, May 8: Today in Gold and Silver

NEW YORK (TheStreet) — Looking at the gold price over the full 24-hour Thursday trading session, almost all the losses were in by the London open—and the low price tick came at precisely 8:30 a.m. EDT.  After a few bumps it traded sideways at the London open price for most of the remainder of the day, but it did crawl a couple of bucks higher into the close of electronic

Sandstorm Gold Announces Luna Gold $30 Million Financing with Pacific Roads

[PR Newswire] – VANCOUVER, May 8, 2015 /PRNewswire/ – Sandstorm Gold Ltd. (“Sandstorm”) (NYSE MKT: SAND, TSX: SSL) is pleased to announce that Luna Gold Corp. (“Luna”) has executed definitive agreements with Pacific Road Resources Fund II (“Pacific Road”) for a proposed C$10 million private placement equity financing and C$20 million senior secured note which, upon closing, will result in Luna receiving gross proceeds of at least C$30 million (the

UK mid-cap stocks hit all-time high after election result

LONDON (Reuters) – UK equity markets rose sharply in early trade on Friday, with the FTSE 250 mid-cap index hitting a record high, after a surprisingly strong election showing for Prime Minister David Cameron’s Conservatives. Real estate, utilities and banks were among the best-performing UK sectors at 0711 GMT, with utility Centrica up 7.5 percent, housebuilder Persimmon up 7.3 percent and Lloyds Banking Group up 6.5 percent. “The surprisingly decisive

Bill Fleckenstein – A Loss Of Confidence In The Fed And The Most Important Data In 6 Years

With continued volatility in global markets, today one of the greats in the business sent King World News a powerful piece warning about a loss of confidence in the Fed and the most important data in 6 years.  He also discussed what is happening in the metals and currency markets. By Bill Fleckenstein President Of Fleckenstein Capital May 8 (King World News) – Overnight bond markets were mixed, though German 10-year bunds