Replies to post #1488 on Double Crown Resources Inc. (fka DDCC)

[ProfitScout]

Double Crown management is doing a good job of keeping the news coming for shareholders as they promised. The yellow Sticky-posts for this board are actually maxed out now (LOL). Anyone looking for all the DDCC news can find every release link pasted into the iBox area above and also on the News page of the company website.

http://www.doublecrownresources.com/latest-news.html

[ProfitScout]

Double Crown Resources Welcomes Marc Duncan to Its Board of Directors

High Ranking Energy Resource & Corporate Development Leader Recognizes Potential in Young Company for 2012 and Beyond

ARCATA, Calif., Jan 6, 2012 (GlobeNewswire via COMTEX) -- Double Crown Resources, Inc. (OTCBB:DDCC) is exceptionally proud to announce that Marc Duncan has agreed to join its Board of Directors, effective immediately. This function with Double Crown will be in addition to Mr. Duncan's current position as Vice-Chairman of the Operating Committee and SERCO for Contango Oil & Gas, Inc. Marc Duncan joined Contango in 2005 as President and Chief Operating Officer of Contango Operators, Inc. He is currently responsible for drilling and development of the company's oil and gas assets in the Gulf of Mexico. With over 35 years of professional experience, Mr. Duncan is very well established and known in the energy resources industry. He has held a variety of domestic and international engineering and senior-level operations management positions relating to natural gas and oil exploration, power generation and facilities development throughout his career.

Commenting on his decision to join the Double Crown Resources team, Marc Duncan said, "I see in the new management and current strategic planning of this little company, a rare opportunity to build something very special. In my view, Double Crown Resources has just the right mix of company assets, equity structure and properly connected individuals to make their far-reaching plans a unique success story in today's market. I anticipate adding my own contributions towards developing Double Crown to its fullest potential as well."

David Figueiredo, President & CEO of Double Crown Resources had this to add, "We could not feel more fortunate to be rounding out our new management team with the addition of Marc Duncan now. As we go forward into 2012 with our plans in the natural resources, industrial minerals and energy sector projects, I think everyone involved with our company, including all of our shareholders, will be very well rewarded."

Prior to joining Contango, Marc Duncan served as President & COO of USENCO International, Inc. and related companies, drilling and producing oil & gas in China and the Ukraine from 2001-2004. He was also a senior project and drilling engineer for Hunt Oil Company from 2004-2005. Mr. Duncan's experience further includes geothermal and coal fired power generation development in China and Indonesia from 1995-2001. Previous employers include SEDCO Drilling, ARCO Oil and Gas Co. and Texas Utilities.

Mr. Duncan holds an MBA in Engineering Management from the University of Dallas, an MEd from the University of North Texas and a BS in Science and Education from Stephen F. Austin State University. Mr. Duncan has been a member of the Society of Petroleum Engineers since 1981 and also serves on the Stephen F. Austin State University School of Business Advisory Board.

About Double Crown Resources, Inc.

Double Crown Resources Inc. is a natural resource exploration and development company holding a 100% interest in the McNab molybdenum property located in Southwest, British Columbia, Canada and the Bateman gold & nickel prospect near Thunder Bay, Ontario, Canada. In addition, Double Crown is targeting new properties that have the potential for early positive cash flow. The company is presently reviewing a number of natural resource properties that are near to, or in production, located in North, South and Latin America. Double Crown Resources, Inc., originally founded in 2006, is based in Arcata, California.

For more information, please visit: http://www.doublecrownresources.com/

Forward-Looking Statements

You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Double Crown Resources, Inc., please refer to its website at http://www.doublecrownresources.com/

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Double Crown Resources, Inc.


By Staff

CONTACT: CONTACT: Double Crown Resources, Inc.
David Figueiredo, President/CEO
109 H Street
Arcata, California 95521
Phone: [phone]
Email: [e-mail]

Investor Relations
Interactive Business Alliance, LLC
Tommy Hays
Phone: [phone]
Email: [e-mail]


(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.

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INDUSTRY KEYWORD: Business Services
SUBJECT CODE: MINING
ENERGY
MANAGEMENT CHANGES
Directors and Officers

[ProfitScout]

Gold hits one-month high as demand blooms

By Amanda Cooper and Jan Harvey

LONDON | Wed Jan 11, 2012 10:00am EST

LONDON (Reuters) - Gold rose for a second day on Wednesday, hitting its highest in a month, as evidence of strong demand from major consumer China helped boost the price above a key technical level, and offset the impact of a softer euro.

Data showing record gold imports to China late last year has reassured investors that physical offtake is underpinning the market. China, the world's number two buyer of the precious metal, is preparing for the Lunar New Year this month, a key gold-buying period.

Spot gold was up 0.4 percent at $1,639.10 an ounce by 1447 GMT. U.S. February gold futures were up 0.5 percent at $1,640.00 an ounce.

Gold prices have risen 5 percent so far this year after a dismal December, vaulting above the 200-day moving average around $1,635 an ounce. Prior to December's sell-off, that had marked an important level of support, but since then has acted as stiff overhead resistance.

"If we manage to close above that level today, it should be quite bullish," said Commerzbank technical analyst Axel Rudolph.

"The move we have seen at the beginning of this year has been quite impulsive - it went up very quickly, stopped for a couple of days, then proceeded to go up. This is bullish momentum showing itself on the gold chart."

He said gold was likely to next run into resistance in the 1682-1700 area.

Its break to a one-month high of $1,646.90 an ounce has given investors more confidence to buy the metal, especially in light of improved demand in India - where the rupee's rise against the dollar has cut the cost of buying bullion for local consumers - and a sharp rise in Chinese imports.

China imported nearly a fifth more gold from Hong Kong in November than the previous month, continuing a trend of sharply rising purchases that has seen bullion flows to the mainland more than treble in the first 11 months of the year.

A record 102.525 tonnes of gold entered the mainland from Hong Kong in November, the Hong Kong Census and Statistics Department said.

"Signs that China is importing a lot of gold are bullish for the market, primarily because this metal can't leave the country - it is not permissible to export gold," said UBS. "And there is little doubt that volumes have increased dramatically."

Adding support to gold, dealers reported strong physical demand from India, the world's largest bullion buyer, after the rupee hit a one-month high against the dollar.

FLURRY OF TRADE

The volume of gold traded has risen in the last week, indicating more investors are active in the market once more.

According to data from CME Group, which offers the benchmark gold futures contract, volume on Tuesday topped 160,000 lots, reaching its highest since early December and about 25 percent above average turnover on a rolling-one month basis.

The prospect of aggressive monetary easing from the world's key central banks, including the European Central Bank, will keep sentiment for gold and silver bullish, it added.

Gold's 1.5 percent rise this week has been helped by a modest pick-up in the euro. The single currency eased on Wednesday, however, battling concerns about the ability of several euro zone nations to fund themselves, given sovereign debt yields remain high.

Gold usually trades inversely to the dollar, falling as the U.S. currency rises, when non-U.S. investors find it more profitable to sell the metal and book a higher profit when exchanging the dollars back into their own currencies.

Silver was down 0.4 percent on the day at $29.80 an ounce.

The gold/silver ratio, the number of ounces of silver needed to buy one ounce of gold, is around 54.78, having risen from 54.22 a week ago, indicating gold's modest outperformance.

Platinum was set for a third daily gain, up 1.3 percent on the day at $1,479.99 an ounce. The metal has been helped this week by reports of a high risk of power outages in South Africa, the world's largest producer of platinum.

Palladium was down 0.1 percent at $632.97 an ounce.

(Additional reporting by Rujun Shen in Singapore; Editing by William Hardy)

Link:
http://www.reuters.com/article/2012/01/11/us-markets-