Bull Market Ended?

Has the Silver and Gold Price Bull Market Ended?

Silver and GOLD PRICES were humiliated again today. Silver dipped 30.4 cents to 2233.9c. Gold dove $22.20 to $1,364.90. No sign yet of turning round.

However, silver's lows yesterday and today ran about 2206c (different charts give different figures). That's enough to call it a double bottom with the 2200c low on 15 April, but not enough to say it won't drop lower. It will have to show that next week.

Wold Gold Council (WGC): Gold’s Potential in 2013

By Michelle Smith - Exclusive to Gold Investing News

2013 has seen a renewal of risk appetite and with that has come concern about the outlook for gold. A recent World Gold Council (WGC) commentary notes that the metal ended 2012 on a bittersweet note, but adds that the metal’s ability to put a 12th notch in its string of annual gains reflects underlying drivers. Overall, the organization’s report brushes away pessimism about gold and outlines the metal’s potential in the current environment.

Monteray Mining Starts Gold Drilling At Pepin, Burkina Faso

Monteray Mining (ASX: MRY) has kicked off 9000 metres of reverse circulation and aircore drilling at its Pepin North gold prospect in Burkina Faso to test multiple targets over three project areas.

This follows the receipt of all rock chip results from its recent detailed mapping program of both Pepin North and Pepin South.

Notable assays include 4.36 grams per tonne (g/t) gold, 3.51g/t gold, 3.4g/t gold and 2.42g/t gold.