Could Gold Return As A Monetary Standard?

Comments from World Bank President and Former US Treasury Official, Robert Zoellick sent gold to a new all-time high past $1400/oz this past week.

Gold is already being used as an alternative monetary asset. So will gold ever be used as a world reserve currency? Will there be a new gold standard in our future? Watch the video as Robert Zoellick explains his thoughts.

Equedia - Zoellick: Gold is 'Elephant in Room'

Collegiate Appeals Court Rules in Favour of New Gold in Relation to Cerro San Pedro Environmental Impact Statement

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VANCOUVER, Nov. 15 /CNW/ - New Gold Inc. ("New Gold") (TSX and NYSE AMEX:NGD) today announces that a Collegiate Appeals Court in Mexico City has ruled in favour of the company's position in its latest appeal against the September 2009 nullification of the Cerro San Pedro Mine's Environmental Impact Statement ("EIS"). The court has advised that the decision is positive but has not yet provided the full written decision thus New Gold is not presently aware of what the Collegiate Appeals Court has deemed to be the appropriate next steps in the resolution of the case. New Gold expects to receive the detailed full decision in the coming weeks.


"We are very pleased by this most recent decision and feel it is an important outcome as we work towards a final resolution of the challenges related to the EIS" stated Robert Gallagher, President and Chief Executive Officer.


The decision by the Collegiate Appeals Court comes after the company appealed the decision of a lower court as disclosed on July 7, 2010. While New Gold remains in continuous discussions with all stakeholders to seek resolution to this issue the Cerro San Pedro mine is fully operational and continues its strong performance.


New Gold will continue to provide updates in this matter.


About New Gold Inc.

New Gold is an intermediate gold mining company with the Mesquite Mine in the United States, the Cerro San Pedro Mine in Mexico and Peak Gold Mines in Australia. The company is expected to produce between 330,000 and 360,000 ounces of gold in 2010, growing to over 400,000 ounces in 2012. In addition, New Gold has a strong portfolio of development and exploration assets in North and South America. For further information on the company, please visit www.newgold.com.

House Positions for C:NGD from 20101115 to 20101115

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
121 Jennings	168,680	1,513,588	8.973	0			168,680	-1,513,588
1 Anonymous	364,000	3,267,911	8.978	285,400	2,547,565	8.926	78,600	-720,346
79 CIBC	233,100	2,061,946	8.846	204,700	1,826,869	8.925	28,400	-235,077
53 Morgan Stanley	22,700	203,174	8.95	0			22,700	-203,174
69 Jordan	14,000	124,051	8.861	3,900	34,710	8.90	10,100	-89,341
85 Scotia	25,250	222,678	8.819	21,050	188,326	8.947	4,200	-34,352
124 Questrade	3,300	29,622	8.976	2,500	22,500	9.00	800	-7,122
33 Canaccord	2,800	24,890	8.889	2,650	23,487	8.863	150	-1,403
94 Hampton	92	810	8.804	0			92	-810
65 Goldman	50	455	9.10	0			50	-455
81 HSBC	500	4,390	8.78	1,000	8,850	8.85	-500	4,460
72 Credit Suisse	0			700	6,223	8.89	-700	6,223
30 e3m	0			1,000	8,900	8.90	-1,000	8,900
62 Haywood	0			1,000	8,850	8.85	-1,000	8,850
6 Union	0			1,000	8,990	8.99	-1,000	8,990
5 Penson	1,100	9,890	8.991	2,300	20,439	8.887	-1,200	10,549
19 Desjardins	13,155	116,702	8.871	14,590	130,618	8.953	-1,435	13,916
25 Odlum	0			1,800	16,200	9.00	-1,800	16,200
13 Instinet	0			3,400	30,103	8.854	-3,400	30,103
15 UBS	0			3,870	34,014	8.789	-3,870	34,014
14 ITG	5,855	51,824	8.851	12,100	107,498	8.884	-6,245	55,674
101 Newedge	900	8,001	8.89	7,300	64,273	8.805	-6,400	56,272
80 National Bank	24,953	221,426	8.874	31,857	283,949	8.913	-6,904	62,523
89 Raymond James	0			10,000	90,700	9.07	-10,000	90,700
39 Merrill Lynch	200	1,762	8.81	15,500	137,500	8.871	-15,300	135,738
2 RBC	38,480	340,621	8.852	61,685	548,538	8.893	-23,205	207,917
99 Jitney	81,000	720,272	8.892	110,400	984,892	8.921	-29,400	264,620
7 TD Sec	15,950	140,565	8.813	63,650	570,197	8.958	-47,700	429,632
250 Infinium Capital	0			62,050	563,716	9.085	-62,050	563,716
9 BMO Nesbitt	35,175	309,934	8.811	125,838	1,106,605	8.794	-90,663	796,671
TOTAL	1,051,240	9,374,512	8.918	1,051,240	9,374,512	8.918	0	0

Questerre Lays Groundwork for Commercial Development of Utica

Questerre Lays Groundwork for Commercial Development of Utica

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CALGARY, ALBERTA--
(Marketwire - Nov. 12, 2010) -


NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES


Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) reported today on its operating and financial results for the third quarter of 2010.


Michael Binnion, President and Chief Executive Officer of Questerre, commented, "During the quarter we began to address some of the prerequisites to the next phase of establishing commerciality of the Utica shale. We are looking forward to the completion and testing of St. Gertrude and Fortierville next year and further work on our commercial demonstration project in the St. Lawrence Lowlands."


He added, "Despite the delays to the previously announced timeline, we intend to use this time to lay the groundwork for the next phase. The additional technical information and new hydrocarbon legislation will give industry the comfort it needs to make the necessary investment in the multi-well program. A local service sector will follow which increases the likelihood of optimizing well costs. This will move the Utica out of the pilot phase and, with continued success, to validating the reserve potential of this massive resource."



Highlights


Gentilly horizontal well test meets expectations at an initial stabilized rate of 720 Mcf/d from three fracs in the middle Utica or approximately 240 Mcf/d per frac
Completion of Fortierville and St. Gertrude horizontals deferred by operator to the first half of 2011
Concluded pipeline agreement and commenced permitting a 3-D seismic program for the commercial demonstration project targeting the St. Edouard area
Cash flow from operations of $1.44 million and production of 649 boe/d with improved operating efficiencies during the quarter
Sustained financial position with over $154 million in positive working capital and no debt



Production of 649 boe/d over the third quarter (2009: 632 boe/d) was improved from the second quarter volumes of 620 boe/d and includes early additions from our ongoing drilling program in Antler. Petroleum and natural gas revenue in the third quarter was $2.95 million (2009: $2.79 million) with oil and natural gas liquids accounting for 53% of the product mix.


Improved operating efficiencies resulted in cash flow for the period of $1.44 million for the quarter (2009: $0.50 million) and $2.15 million (2009: $2.28 million) for the year to date.


The Company reported a working capital surplus of $154.53 million at September 30, 2010 compared to $49.02 million at September 30, 2009.


Questerre Energy Corporation is an independent energy company focused on shale gas in North America. The Company is concentrated on establishing commerciality of its Utica shale gas discovery in the St. Lawrence Lowlands, Quebec. Questerre is committed to the economic development of its resources in an environmentally conscious and socially responsible manner.


Questerre Energy Corporation is an independent energy company focused on shale gas in North America. The Company is concentrated on establishing commerciality of its Utica shale gas discovery in the St. Lawrence Lowlands, Quebec. Questerre is committed to the economic development of its resources in an environmentally conscious and socially responsible manner.