Tag Archives: mining and exploration company

Uproar in Gold Mining Stocks

The price index of the world’s gold mining stocks has continued to increase at an avid pace in a direct relationship with the rising price of the popular precious metal, gold. This has created a major rush in the mining industry in the past 10 years with an increase in the value of gold of over 400% since Y2K. Investors are on watch if this trend will continue on for the following months or even years to come. The price of this precious metal is expected to soon reach a benchmark of around $1,500 per ounce however; experts predict it may also experience further price grains due to the unpopularity and deflation of the U.S. Dollar and also the political unrest in the middle-east and also in several parts of Africa. As history would have it, when the world is in crisis or turmoil, the price of gold tends to rise. Continue reading