Archive for September, 2010

ETF Securities New US Business Passes $2 Billion in Assets Under Management

ETF Securities USA LLC announced that the total assets under management of its four products, ETFS Physical Swiss Gold Shares (SGOL), ETFS Physical Silver Shares (SIVR), ETFS Physical Platinum Shares (PPLT) and ETFS Physical Palladium Shares (PALL), now exceeds $2 Billion as of Sept 21, 2010 since entering the US ETP market 14 months ago.

Cream Minerals cool to Endeavour bid, shares up

Reuters reports shares of Cream Minerals (CVE:CMA) were up this morning. On Monday, Endeavour offered about C$10.6 million ($10.3 million) in cash for Vancouver-based Cream, sending the junior miner’s stock soaring to 12.5 Canadian cents, 66.51 percent above its Friday closing price of 7.5 Canadian cents. For complete news, click here. For Cream Minerals’ company [...]

Cream Minerals Responds to Endeavour Silver Announcement

Cream Minerals Ltd. (CVE:CMA) reports a response to Endeavour’s silver announcement. Cream’s Board of Directors has formed a special committee of independent directors to review the proposed Endeavour bid, if and when it is made, in the context of its ongoing efforts with respect to Nuevo Milenio. For complete news release, click here. For Cream [...]

Silver Rallies to 30-Year High

Alongside gold’s recent record highs, the demand for precious metals as an asset class has helped propel the price of silver to 30-year highs. Many analysts are concerned the price is trading off momentum and not off fundamentals. However, a major firm has raised their price target even higher.