latest news releases from the newsroom
SmallCap Sentinel: Revisiting $2,000 Gold Prices
IRVINE, Calif., March 19, 2008 (PRIME NEWSWIRE) -- "Yesterday's announcement that the Federal Reserve cut the fed funds rate by three-quarters of a percentage point should be interpreted as another bullish sign for gold and gold companies," stated SmallCap Sentinel analyst D.R. Clark. "Historically, rate cuts have signaled a rise in the price of gold, and gold enthusiasts were eagerly waiting for this news. Of course, despite gold's stellar charge to $1,000, it's still far short of the 1980 high which is equivalent to $2,119.30 an ounce at inflation adjusted 2007 prices, according to precious metals consultancy GFMS Ltd. And as this is occurring, savvy small cap gold companies like Colorado Goldfields (OTCBB:CGFI) are betting on their own soil with the purchase of underground drills, parts and supplemental equipment for its Silverton, CO operations."
NASDAQ OMX Announces Pan-European Market for Blue Chip Stocks
LONDON, March 19, 2008 (PRIME NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announces a new pan-European market to serve customers seeking a highly liquid trading and routing platform for the most actively traded European stocks. NASDAQ OMX Group is the first market to connect major European trading centres through a sophisticated pan-European routing system.