Gold endures worst November since 1978
November 29, 2013 by goldguru · Leave a Comment
Worst November in 35 years for gold as India’s import ban forces jump in recycling, writes Adrian Ash
Northam Platinum to meet union as strike nears fifth week
November 29, 2013 by goldguru · Leave a Comment
The National Union of Mineworkers says it will meet with management for talks as revenue losses in an almost four-week strike near R400 million.
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Vale set to cut 2014 spending in quest for profit
November 29, 2013 by goldguru · Leave a Comment
Trimming investments will be Vale’s latest tactic to boost margins after selling at least $3 billion of assets this year and reducing costs by $2 billion.
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Billionaire Agarwal regrets $8bn aluminium spending
November 29, 2013 by goldguru · Leave a Comment
Billionaire Anil Agarwal says he regrets investing $8 billion on an aluminium complex in India that’s faced a shortage of raw materials.
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Wherever the gold price goes, silver is sure to follow
November 29, 2013 by goldguru · Leave a Comment
For a number of reasons, the supply/demand picture for silver now shares many common denominators with those of gold, says Julian Phillips.
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ASX Wrap: Whitehaven takes over henhouse, as Newcrest cash bleed continues
November 29, 2013 by goldguru · Leave a Comment
Gold miners have endured a torrid week on the ASX, with Beadell Resources (-9.4%), Regis Resources (-2.2%) and Evolution Mining (-4.7%) all losing ground.
Can’t-miss headlines: Precious, base metals climb, BCSC investor alert & more
November 29, 2013 by goldguru · Leave a Comment
The latest morning headlines, top junior developments and metal price movements. Today, some strength in base and precious metal prices and the BCSC calls out one junior’s massive resource claim.
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Iran to resume gold trade with Turkey
November 29, 2013 by goldguru · Leave a Comment
Iran’s ambassador to Turkey says once sanctions on Iran are eased, the gold trade will resume albeit at lower levels than last year.
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Silver may rise as moving averages converge
November 29, 2013 by goldguru · Leave a Comment
A technical analysis by Korea Exchange Bank Futures suggests futures may climb to $22/oz as converging moving averages signal a short-term rebound.
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Cash is king: Asian investors look to gold coins for big returns
November 29, 2013 by goldguru · Leave a Comment
Over the past two years Chinese and Indian coins have outperformed most others in the market, including US ones.
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