Category: Mining

The last investable moment for silver
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The last investable moment for silver

In the context of the current U.S. dollar valuation bubble, silver’s eventual price rise seems inevitable. This paper currency bubble commenced with a desperate flight to quality, despite the fact that the U.S. dollar had been an intrinsically worthless currency since it was taken off the gold standard by Nixon in the early 1970s. Silver [...]

Published by on May 20, 2013 1:05 PM
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Risk rises at Verde Potash after major setback

Investors are alarmed by the latest news from junior miner Verde Potash PLC, which wants to develop a major potash project in Brazil called Cerrado Verde. Toronto-listed Verde is developing an innovative process to convert its potash-rich rock into a conventional product for farmers. But this week, the company announced that engineers at FLSmidth could [...]

Published by on May 20, 2013 5:05 AM
Gold bears revived as rout resumes after coin rush
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Gold bears revived as rout resumes after coin rush

Gold bears are dominant again after prices resumed their slump and billionaire George Soros joined investors selling holdings in exchange-traded products that have retreated to a two-year low. Seventeen analysts surveyed by Bloomberg expect prices to fall next week, with eight bullish and three neutral, the highest proportion of bears in two weeks. The analysts [...]

Published by on May 19, 2013 11:05 PM
Gold wars: U.S. undermining Iranian currency by blocking gold imports
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Gold wars: U.S. undermining Iranian currency by blocking gold imports

The dollar has fallen by 52% against gold in the same period having fallen from $920/oz to $1,380/oz. XAU/USD Spot Exchange Rate – Price of 1 XAU in USD – 5 Years Iranian people are suffering from the currency devaluation with the very significant increase in the cost of living.  “It has an effect on [...]

Published by on May 19, 2013 9:03 AM
Glencore Xstrata chairman John Bond voted out at first AGM
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Glencore Xstrata chairman John Bond voted out at first AGM

LONDON/ZUG, Switzerland — Glencore Xstrata Chairman John Bond surprised investors on Thursday by announcing he had been voted out of the top job at the miner and trader at the group’s first annual shareholders’ meeting. Bond gave no explanation, but as the meeting began in Zug, Switzerland, he handed responsibility for chairing the gathering to [...]

Published by on May 19, 2013 5:02 AM
Pension funds seen selling gold ETFs
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Pension funds seen selling gold ETFs

Gold prices failed to hold a rally above $1,380 per ounce in London on Friday morning, trading 5% down for the week as world stock markets held steady. Both the Euro and British Pound also cut their mid-week rallies against the Dollar, holding gold prices at €1070 and £904 per ounce respectively. New data overnight [...]

Published by on May 18, 2013 9:01 PM
How does a bullish dollar and stock picture affect gold and silver?
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How does a bullish dollar and stock picture affect gold and silver?

The latest World Gold Council Gold Demand Trends report shows that the gold market is driven by diverse global demand, and the appetite for owning gold jewelry, bars and coins continues to grow. “The price drop in April, fuelled by non-physical moves in the market, proved to be the catalyst for a surge of buying [...]

Published by on May 18, 2013 7:00 AM
Liberty Silver finances stretched to the limit
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Liberty Silver finances stretched to the limit

Seven months after regulators zeroed in on Liberty Silver Corp., the troubled junior mining company is facing serious financial trouble. Liberty’s quarterly earnings, filed this week, show the company’s finances have been stretched to their absolute limit. As of March 31, Liberty had just $137,406 left in its treasury. By comparison, accounts payable were more [...]

Published by on May 18, 2013 2:59 AM
Silver COT: The day the numbers lied
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Silver COT: The day the numbers lied

Prices ended down slightly once again for both silver and gold last week. There was no great change noted in the COT reports for either precious metal, and the monthly Bank Participation Report was a non-event for silver. This is once again leaving many observers scratching their heads about the suddenly questionable reliability of these [...]

Published by on May 17, 2013 6:58 PM
Gold seen crushed as Credit Suisse forecasts $1,100 in year
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Gold seen crushed as Credit Suisse forecasts $1,100 in year

Gold, down 17% since January, is poised to lose 20% in a year as inflation fails to accelerate and with the worst risks to the global economy waning, Credit Suisse Group AG said. Gold will trade at $1,100 an ounce in a year and below $1,000 in five years, according to Ric Deverell, head of [...]

Published by on May 17, 2013 4:57 AM
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