Gold-MiningStocks.com Reports 18 Year High Causes Gold Market Rally

From: Gold-MiningStocks.com
Published: Fri Nov 18 2005


Gold-MiningStocks.com Reports 18 Year High Causes Gold Market Rally
Benchmark gold futures hit 18 year high at market open Investment funds led the buying.

POINT ROBERTS, WA, Delta, B.C. November 17, 2005 Gold-MiningStocks.com (GMS) an investor and industry news portal for the gold-mining sector, reports that upon market opening on Thursday the price of gold hit $483.20 per ounce, near the highest point in almost 18 years as investment funds and speculators searched for alternatives to currencies, stocks and bonds. GMS offers investors information on gold stocks, mining stocks, precious metals stocks, mineral exploration/development and provides industry research. GMS also features a growing list of participating public and private companies.

The GMS website does not make recommendations, but offers a unique free information portal to research news, exclusive articles, interviews, investor conferences and a growing list of participating public companies in the Gold sector.

Article Excerpt: 18 Year Price High Causes Gold Market Rally
By Brian Eriksen Noer, Gold-MiningStocks.com
November 17, 2005

Precious mineral buying increased on Wednesday upon speculations that gold would hit $500 per ounce (last seen in 1987) due to investor concerns about the US economy and geopolitical instability. Dorothy Atkinson, Broker with Bolder Investment Partners, sees the $500 projection as highly likely. "The trend is your friend the trend which has been in place for many years is not a particularly steep one, and I fully anticipate we will get to $500 per ounce in the near future."

"Portions of the world's population are starting to remember that currencies have risk and that gold is one of the world's best stores of value/proxy for money," said Michael Meyers, President of Running Fox Resources (TSXV: RUN) a company that features an advanced high grade gold project and a highly prospective Alberta natural gas project, both located in Canada. "The US is quietly favoring a lower valued dollar in order to pay back foreign debt with those same depreciated dollars. At the same time energy prices are very strong and appear to be going higher over the next 3 months, and there has traditionally been a strong correlation between gold and oil."

"The World Gold Council just came out with a report of positive demand statistics, and bullish data," said David Smith, Director of Investor Relations for Agnico-Eagle Mines Ltd. (NYSE: AEM). "Demand is rising - there is talk of some central banks adding gold to their reserves - and most market watchers in general will say that mine supply will be flat at best or even declining going forwards."

Click here to read the full article: http://www.Gold-MiningStocks.com/Gold_Stocks/Articles/18_Year_High.asp

The GMS website does not make recommendations, but offers a unique free information portal to research news, exclusive articles, interviews, investor conferences and a growing list of participating public companies in the Gold sector.

Gold-MiningStocks.com includes a growing list of public companies in the sector. For our list of companies involved in the Gold Industry, click here: http://www.gold-miningstocks.com/Gold_Stocks/Stocks_List.asp

To be added to our current list of Gold Stocks, Mining Stocks, Precious Metals Stocks, Mineral Exploration/Development and Industry Research, contact: news@investorideas.com

About GMS Featured Client: (GMS is compensated by profiled Featured Company: Running Fox Resource Corp. (TSXV: RUN; OTC.PK: RFXRF) Gold and Energy Stock - A Canada based gold and natural gas resource company with the high-grade Brett Gold Project in British Columbia, and drilling horizontal natural gas wells on 28 Sections in Pincher Creek Gas Field in Alberta, Canada. The Brett Gold Project now covers 20 square kilometers, with exploration work of more than $4,000,000, including 172 drill holes. As reported in the independent NP 43-101 Technical Report "Hole 93-19, a reverse circulation hole, returned an intersection of 16.76m grading 35.79 gms Au/tonne (55 feet grading 1.045 oz Au/ton) including 3.048 m grading 57.88 gms Au/tonne (1.69 oz Au/ton) and 4.57 m grading 107.88 gms Au/tonne (3.15 oz Au/ton) within the Main Shear." In 1996 a bulk sample, was shipped to the Cominco Smelter in Trail, BC and returned an average net recovered grade of 0.82 ounces per ton of gold and 2.25 ounces per ton of silver. Drilling highlights in 2004 included 4.3 feet of 5.1 ounces gold in a new zone, and 10 feet of 1 ounce gold in another drillhole. New, large gold-anomalous areas were confirmed by geochemical sampling. Very prospective drilling and trenching is planned for 2006. Running Fox, a small-cap, debt-free company with serious high-potential projects. www.foxgold.ca

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Investorideas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of of our web sites. This site is currently compensated for by its "featured company" - Running Fox Resource Corp (OTC.PK: RFXRF) One thousand dollars per month.


Company: Gold-MiningStocks.com
Contact Name: Brian Noer
Contact Email: bnoer@investorideas.com
Contact Phone: 800-665-0411

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