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TheGoldReport: Let’s go back to the Middle East for a moment. The unrest there has pushed gold up about $100 over the past couple of weeks. Have the ongoing issues there or in northern Africa caused you to change your investment strategy in the near term?

Charles Oliver: One slight difference is that I’ve become a little more cautious on Africa in general. Many gold companies have exposure to Africa. The speed at which some of these countries are destabilizing has caused me concern. I think that most of the countries where mines operate will be fine; but having said that, I am cognizant there could be some nervous investors who decide they want to reduce their ownership in those areas. I’ve taken some profits from those areas and redeployed them back into what I deem are safer jurisdictions like North and South America.

TGR: Do you believe what’s happening in northern Africa and the Middle East is the “mania” catalyst the gold bugs have been seeking?

CO: Generally speaking, most crises pass and get resolved. Frequently, you see the gold price run up only to fall back down the next day. I try to block out these events because often they don’t really change the long-term value of gold. The concern, however, would be if this becomes more systemic and global in nature. In that case, I certainly think it would have a larger, more-lasting impact. But, again, I think you want to look at how destabilizing this is on Europe and the U.S. If it spreads to Saudi Arabia, that would cause me great concern.

…..much more including stock recommendations HERE

3 Gold Producer’s & Explorers in Africa

Posted by Canada Stock Report

on Monday, 14 March 2011 14:49

Golden Star Resources Ltd. (TSE:GSC) percentage change surged 2.60%, to close at $2.76 and its overall traded volume was 324,602.00 shares in the last trading session. GSC shares were trading within the range of $2.64-$2.82 while its opening price was $2.67. The 52-week range of the stock is $2.64 – $6.21. The market capitalization of the company stands at $713.62M and it has 258.56M outstanding shares.Golden Star Resources Ltd. (Golden Star) is an international gold mining and exploration company producing gold in Ghana, West Africa. The Company also conducts gold exploration in other countries in West Africa and in South America. It owns controlling interests in several gold properties in southwest Ghana. Through a 90% owned subsidiary, Golden Star (Bogoso/Prestea) Limited (GSBPL), the Company owns and operates the Bogoso/Prestea gold mining and processing operations (Bogoso/Prestea) located near the town of Bogoso, Ghana. Through another 90% owned subsidiary, Golden Star (Wassa) Limited (GSWL), it owns and operates the Wassa open-pit gold mine and carbon-in-leach processing plant (Wassa), located approximately 35 kilometers east of Bogoso/Prestea. GSWL also owns the Hwini-Butre and Benso concessions (the HBB properties) in southwest Ghana.

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Avion Gold Corporation (Avion), formerly Avion Resources Corp., is a Canada-based company engaged in the acquisition, exploration, development and operation of gold properties in West Africa. Its major properties include the Tabakoto and Ségala projects in Mali. In May 2009, the Company completed the acquisition of Dynamite Resources Ltd. (Dynamite), pursuant to which Avion held an 80% interest in the Segala gold project. The Company has milled 156,140 tons of ore at its Tabakoto/Segala operations, producing approximately 15,716 ounces of gold. On January 8, 2010, the Company acquired from Great Quest Metals Ltd. (Great Quest) a 100% interest in the Kenieba concessions located adjacent to the south and west sides of the Tabakoto property. The Kenieba concessions comprise the Kenieba (Sansanto) Kenieba Est and Comifa concessions totaling approximately 32 square kilometers.» Full Overview of AVR.TO

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IAMGOLD Corporation (IAMGOLD) is a Canada-based mining and exploration company. IAMGOLD’s interests include seven operating gold mines and a niobium producer, a diamond royalty, and exploration and development projects located throughout Africa and the Americas. The Company’s advanced exploration and development projects include the Essakane Project in Burkina Faso, the Westwood Project in Canada and the Quimsacocha Project in Ecuador. The Company mined and processed reserves at the Sleeping Giant Mine until the end of its reserve life. On December 29, 2009, the Company purchased an additional 3% interest increasing the Sadiola joint venture ownership interest to 41%. On February 25, 2009, the Company acquired all of the outstanding common shares of Orezone Resources Inc. In June 2009, the Company acquired 17% interest in Oromin Explorations Ltd.» Full Overview of IMG.TO

IAMGOLD

The last few weeks has seen a startling rise in fuel and food prices. This has been a key contributor to the political and economic instability overseas; it’s also paving the way for an even bigger crisis for the U.S. and the world economy by 2012.

Indeed, the oil price has been on a rip-and-tear largely owing to the Middle East crisis. The fear and uncertainty overhanging North Africa and the Middle East has also benefited the gold price. Our favorite gold proxy for instance, the SPDR Gold Trust ETF (GLD), recently made a new high and is still above its key immediate-term trend line.

….read more HERE

MoneyTalks Events Test

on Saturday, 12 March 2011 5:29

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money-talks-insider-conference

Michael Campbell and his team of market experts go beyond the crystal ball predictions to reveal never before seen specifics on how they invest their own money. For the first time ever you can get step-by-step instruction on why, when and how Michael Campbell and his guests identify, buy and sell in their own portfolios.

Learn how Michael Campbell made 128 consecutive trades without losing any money. Find out what Mark Leibovit’s single best investment has been since publishing his 2011 forecast. Discover why and when Peter Grandich took profits on his favourite stocks. See David Bensimon’s picks in the precious metals market. MoneyTalks offers an unprecedented opportunity for you to see how our team makes decision for their own portfolios. Victor Adair, Tyler Bollhorn and a host of others.

And that’s just the beginning. At this Conference MoneyTalks will launch a new opportunity for you – one that will allow you to actively follow the trades and techniques of our Money Talks analysts on a weekly and even daily basis. Stay tuned for more details. Seating is limited. Tickets go on sale Sept 24th

Seating is limited and tickets will be selling fast. Don’t delay. Order now.

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world-outlook-financial-conference

Since its inception in 1990 the World Outlook Financial Conference has established itself as the first choice for Canada’s sophisticated and active investors. The WOFC has provided individual investors access to the world’s top rated financial analysts through twenty years of unsurpassed market volatility.

Founded by Michael Campbell, British Columbia’s most respected business analyst, nationwide host of Money Talks radio, Senior Business Analyst for BCTV News on Global TV, the two-day event has a mandate to offer unbiased, world-class information and analysis.

Welcome back! For the first time in 13 years Martin Armstrong will be addressing our audience.

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Semafo announces discovery of new gold zone in W. Africa

The Canadian gold miner says it has discovered a new gold zone in West Africa that shows outstanding widths and has the potential to add significant quantities of ore to its Mana property in Burkina Faso.

The Quebec-based junior miner said the new discovery has the potential to add significant quantities of ore on the southern part of the Mana property in Burkina Faso, West Africa.
A follow-up program on the Yaho zone is in progress to trace its extensions both north and south of the discovery area, the company said.

Semafo shares were down 11 Canadian cents at C$8.82 on Thursday on the Toronto Stock Exchange. (Reporting by Bhaswati Mukhopadhyay in Bangalore).

….for a detailed analysis of Semafo go HERE

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