Kinross Gold (TSE:K) ELDORADO GOLD (TSE:ELD) PC Gold (TSE:PKL) Up as Investors Target Gold Miners

Kinross Gold (TSE:K) (NYSE: KGC), ELDORADO GOLD (TSE:ELD)(NYSE: EGO), PC Gold (TSE:PKL) are all up today as pent up demand for gold miners and other mining companies has been sitting around for quite some time, and the recent outbreak of gold to new record highs has brought the gold miners into the picture in a big way, as they've overall lagged the price movement of gold futures for a long time, and it seems that period of time has ended as money flows into the miners.

Gold futures prices today continued to surge, up to $1,237.7 as I write, generating more interest in the companies pulling the gold out of the ground.

This is largely based on the promise of almost $1 trillion offered to countries struggling with sovereign debt in Europe, as investors seek safety in the midst of the eventual consequences of the endless printing of money from central banks around the world, which is debasing paper currencies everywhere.

Now that gold has broken through barriers, we are now at a place we've never been before, and so there is no road map as to where it all will end, and many expect gold to continue on in its upward climb, as there's no foreseeable barriers that can be erected at this time.

Out into the future is the evenutal interest rate hike by the Federal Reserve, but the changing global conditions, including the inflation challenges of China, make that an increasingly irrelevant factor in the overall economic picture.

In the face of all this, gold has no known resistance, and when the nations of southern Europe are discovered to be worse off than we all know, it's hard to know how far gold will increase.

Even so, we still live in a real world, and while the largest gold mining company in the world, Barrick Gold (TSE:ABX) was up earlier in the day, they have come back down into negative territory, showing we still have to watch and wait for our best opportunities, especially as gold grows in favor and those who don't understand why it's happening enter the market and push it up beyond levels that even these conditions may not be able to justify.

That's a long way off though, but we do need to watch the gold miners carefully and take into account their business models, cost management, and long-term futures.

In other words, fundamentals still matter, especially in times of fear and chaos, which we're facing now.

PC Gold (TSE:PKL) Raising $6.96 Million in Private Placement

PC Gold Raising Capital to Add Drill

PC Gold (TSE:PKL) announced it will be raising $6.96 Million in a private placement which will be used to expand exploration at its Pickle Crow gold mine in Ontario.

An offering of 3.85 million flow-through shares at C$1.82 each is the means of raising the capital.

After a large gold discovery at Pickle Grow in March, PC Gold wanted to increase its drilling there, which will be done through adding a fourth drill once they receive the cash.

The offering will be held on April 20.

PC Gold (TSE:PKL) Major Gold Discovery

PC Gold - Gold Discovery

PC Gold (TSE:PKL) surged today as they announced they made a major gold discovery at one of their tip mines in Ontario.

"This is one of the best intercepts to come out of drilling anywhere in northwestern Ontario in the past year. The combination of width and grade is exceptional," Chief Executive Kevin Keough said in a statement.

The mine with the strong intercept was its Pickle Crow gold mine, where the intercept was close to its key workings.

PC Gold - Gold Discovery