South African Mines Cannot Afford Pay Raises, Impala
South Africa’s mining industry can ill afford to offer wage rises during talks that are about to start with a new and unpredictable union, so it may well face fresh strikes, Impala Platinum said on...
View ArticleFresh Plunge in Precious Metals “Natural”
Wholesale prices for gold and silver rallied from a fresh plunge in early London dealing on Monday, rising to stand unchanged and 2.3% lower respectively from the end of last week’s trade by lunchtime....
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A Dead Cat Bounce for Gold Prices
On Monday, May 13, 2013 we wrote that Gold Prices would Re-Test $1350/oz level and so they did, trading sub $1340/0z at one stage. Gold had fallen for 7 straight days from $1470/oz before the slide was...
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6 Reasons Why Gold Stocks Will Begin a Big Rally
Oversold RSI, Low Bullish Percent Index Below is the NYSE Gold Miners Index which is tracked by the GDX ETF. Look at the RSI. Not only did it reach a multi-decade low but it has remained oversold far...
View ArticlePlatinum and Palladium Shine as Gold Tumbles
On today’s “Futures In Focus,” Bloomberg’s Alix Steel examines how use in catalytic converters has lifted platinum and palladium prices as gold and silver have fallen into a bear market. She speaks on...
View ArticleAsian Gold Premiums Hit New Highs as Europe Urged to Start “Agressive QE”
Bullion prices rose throughout Asian and early London trade on Wednesday morning, touching $1398 per ounce for the third time this week and recovering 4.4% from Monday’s one-month low. Silver rose more...
View ArticleGlobal Mining Sector to Continue Facing Price, Currency Pressures
The mining industry would remain under pressure from unprecedented price and currency volatility for the next few years, as the sector approached demand/supply equilibrium, advisory firm Ernst &...
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Gold Gains As Equities Slip, Physical Demand Remains High
Gold rose on Monday, benefiting from a shift in funds out of equities as concerns over global economic growth lifted bullion’s safe-haven appeal and stretched its gains following its best week in a...
View ArticleFuture Mines Will Be Technology Driven, Minister Tells Union
Technological innovations would drive the mines of the future, which would need to be run by young people with the appropriate skills, Minerals Minister Susan Shabangu told South Africa’s biggest...
View ArticleGold Hits One-Week High as Asian Shares Tumble
Gold jumped more than a percent to a one-week high on Thursday as investors dumped equities, but the metal still risked losing its safe-haven appeal on worries the U.S. Federal Reserve could scale back...
View ArticleGold $1400 Key for Both Western Traders and Asian Buyers
Silver and gold retreated from one-week highs Thursday morning in London, dropping back as European stock markets reversed earlier losses. Tokyo’s Nikkei stock index had ended the day 5.5% lower, its...
View ArticleSouth African Mines Cannot Afford Pay Raises, Impala
South Africa’s mining industry can ill afford to offer wage rises during talks that are about to start with a new and unpredictable union, so it may well face fresh strikes, Impala Platinum said on...
View ArticleGold Advances as Investor Outflows Slow, Dollar’s Rally Stalls
Gold climbed, extending the first back-to-back weekly gain, as outflows in investor holdings slowed and the dollar retreated. Silver, platinum and palladium advanced as well. Spot gold gained as much...
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Gold Premium Surges In China – Wise ‘Aunties’ And Wealthy Buying
Gold climbed $27.10 or 1.96% yesterday to $1,412.00/oz and silver also gained 2.57%. Bloomberg Chart of Day (June 3, 2013) Gold inched down today after yesterday’s 2% gain. Gold was higher in...
View ArticleRyan Gold Converts 10% Interest in Hope Brook Into Castillian Shares
Castillian Resources Corp. announced that Ryan Gold Corp. has exercised its option to transfer its 10% interest in Castillian’s Hope Brook Gold property back to Castillian in consideration for...
View ArticleGold Price Volatility Continues as Investors Prepare for the Fed’s QE Tapering
The U.S. Comex gold future prices rebounded 0.33 percent this week to $1,397.20 on Tuesday and reached almost $1,408 during Wednesday Asian morning. The S&P 500 index is flat this week after...
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Possible Euro Devaluation Casts Shadow Over Gold’s Future
As the European Union struggles with rising unemployment they now have to face a future of increased competition from the Japanese as they actively devalue the Yen. The new government in Japan, under...
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Gold ETFs Rebound: New Uptrend Or Just A Bull Trap?
If nothing goes up forever, nothing can go down forever. The prodigious meltdown in gold bullion and mining stocks this year begs the question: Have they finally hit rock bottom with nowhere to go but...
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Major Summer Rebound in the Gold Stocks
Though we’ve anticipated this rebound since late spring (albeit way too early), it is just about here and will pay big rewards to those who are long. A few weeks ago we wrote 6 Reasons why Gold Stocks...
View ArticleTraders Urged to ‘Buy Dips’ as Gold Eases Back
Wholesale prices for gold retreated from an overnight surge to nearly $1300 per ounce in London trade Thursday morning, while world stock markets ticked higher with major government bonds and...
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