Colossus Strikes High Grade Gold at Serra Pelada

Colossus Minerals (CSI.TSX) announced additional assay results from the 25,000 meter surface drilling program at its 75% owned Serra Pelada Gold-Platinum-Palladium Project.  The Serra Pelada Project is a Colossus-COOMIGASP Joint Venture located in Para, Brazil.  Colossus plans to announce further details in the coming weeks once all results are received and interpreted.

Gold Stocks Rebound, GDX Outpaces Gold By Most This Year

The long-awaited outperformance of gold stocks relative to the yellow metal may finally be arriving.

Not only did the Market Vectors Gold Miners ETF (GDX) rally to a new all-time high this week – and thereby confirm the new record in the price of gold – but today the gold stocks ETF rebounded into positive territory in the face of a $56, or 3.0%, sell-off that took the yellow metal down to $1,819 per ounce.
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Gold’s Wall of Worry Remains “Quite Robust”

Gold sentiment remains quite tepid, despite the fact that the yellow metal just yesterday reached a new all-time record high.

The latest Hulbert Gold Newsletter Sentiment Index (HGNSI) – which was calculated prior to today’s gold sell-off – came in at 40.3%, far below levels historically associated with intermediate term tops in the price of gold.
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