Tuesday, October 10, 2006

Demand for Gold from China and India Expected to Continue – Long Term Outlook for Gold Remains Positive

Gold-MiningStocks.com -- Interviews With Kitco's Jon Nadler on Global Market Outlook and Golden Peaks Resources on Gold Mineralization Opportunities in ArgentinaPOINT ROBERTS, WA, Delta B.C. – October 10, 2006 – www.Gold-MiningStocks.com (GMS), an investor and industry portal for the gold and mining sector presents online audio interviews with Kitco’s Jon Nadler, Investment Products Analyst and Golden Peaks Resources (TSX: GL.TO) President and CEO Kieran Downes to discuss opportunities within the gold industry. While many factors such as geopolitical uncertainty, fluctuations in the dollar and the volatility surrounding the cost of oil still continue to impact the price of gold, growing global demand from regions such as China and India is expected to drive gold upwards over the long term. Working to take advantage of the long term prospects of the gold market, Golden Peaks has identified Argentina as holding significant potential as they pursue five high priority gold projects within this region.“We have recognized 5 major geological structures through trenching, sampling, prospecting and mapping all with significant gold mineralization. We have identified multiple zones on these structures and in the next stage of drilling we hope to focus on outlining the resources on one or all of these zones,” explains Mr. Downes.The Company's flagship La Fortuna Gold Project is closely situated to two nearby world-class discoveries in southern Argentina, the Esquel and Navidad deposits. Downes states, “The significance of these deposits is that it demonstrates the geological setting we are exploring in has the potential of hosting very large gold and silver deposits. The fact that these exist in the same type of terrain we are currently exploring in gives us a lot of hope and expectation that we too will be successful in finding something quite large and significant in the La Fortuna project.”In looking at global market factors that have an ongoing impact on gold’s future, the growing demand from China and India will potentially remain a significant force driving the price upwards over the long term. As Jon Nadler describes, “There remains no doubt that the demand for gold coming from India, China and Japan will continue to have a very important effect on the consumption of gold. We do believe that the regional demand out of South East Asia will continue to be a very important factor moving forward.”full story: http://www.investorideas.com/Companies/ViewDocument.asp?

Friday, October 06, 2006

Insiders Go for Ghanese Gold Play Called Golden Star

Insiders Go for Ghanese Gold Play Called Golden Star; Plus Updates on Three Energy Stocks

By Michael BrushExclusively for InvestorIdeas.comOctober 05, 2006
If you are a gold bug why should you be praying for rain in Ghana? Because water reservoirs are low in this West African country, and that’s cut electrical power which has forced gold mining companies to reduce production.
advertisement That’s one reason investors who hold Golden Star Resources (GSS) have been in pain of late. Tiny Golden Star holds large chunks of land it what’s known as the Ashanti Trend in Ghana, a region long known for its abundant gold resources. From recent highs above $3.75 in May, Golden Star has tanked to below $2.50 – a 33% decline.

full article - http://www.investorideas.com/insiderscorner/Articles/100506.asp