Resource Investor

PGMs Still Promising Group Despite Hit

Fri, 25 May 2012 09:48:00 -0400

This morning’s opening in precious metals was showing gold prices marginally higher, spot silver bids somewhat lower, and some mild gains in platinum and palladium. Rhodium fell $25 to $1,275 per ounce.

Asian Gold Demand ‘Decent’ & Premiums ‘Steady’

Fri, 25 May 2012 08:59:00 -0400

London quotes for wholesale gold bars held above $1,560 per ounce Friday morning, cutting the week's losses to 1.9% as European stock markets reversed their earlier rally and the euro fell to a new two-year low.

Bank of Russia to Buy 'Considerable' Gold in 2012

Fri, 25 May 2012 08:07:00 -0400

Gold fell in Asia prior to gains late in the session and these gains continued in early European trading as lower prices are leading to some safe haven demand. Gold looks set to see a fourth consecutive monthly loss which will be bearish technically.

Commodities May Rise as Risk Assets Correct Higher

Fri, 25 May 2012 07:46:00 -0400

European shares are on the upswing and S&P 500 stock index futures are pointing higher, hinting risky assets are likely to remain supported as Wall Street comes online. This makes for a supportive environment for growth-geared crude oil and copper prices.

Banks Bought Bullion & Europe’s Leaders Keep Talking

Fri, 25 May 2012 07:39:00 -0400

Gold futures fell for the first three days of this week by $43.50 or 2.7% before rebounding $9.10 to end at $1,557.50 on Thursday. Year-to-date, gold futures are down 0.6%.

Commodities are Wounded, But Far From Dead

Fri, 25 May 2012 07:11:00 -0400

Yes, the markets are in a funk over Europe and less-than-stellar economic news here. But this is déjà vu all over again. Since the financial crisis began, we've been here three times before.

Has Gold Lost its Mojo?

Fri, 25 May 2012 05:23:00 -0400

Gold's recent performance has certainly been a major disappointment to the many analysts and investors who have been anticipating another stellar year for the yellow metal. But the year is hardly over, nor is gold's long-term bull market.

Swiss Franc Peg Called into Question

Fri, 25 May 2012 04:00:00 -0400

“The Gold Initiative” led by Luzi Stamm's SVP party has also been attracting attention. This initiative is trying to promote greater disclosure about the status of the nation’s gold reserves, and – as with similar campaigns in Germany – is trying to get the SNB to repatriate gold held abroad....

The Real Crash is Still on the Way

Fri, 25 May 2012 02:32:00 -0400

When the government’s delaying tactic, which involves continuous borrowing and money printing is no longer tenable, the dollar could collapse, interest rates and consumer prices could soar and the US economy could implode. That’s the real crash that I was warning about.

Uranium Is a Deep-Value Sector: Alka Singh

Fri, 25 May 2012 00:48:00 -0400

With two major catalysts likely to boost spot prices, M&A activity afoot, new mines coming into production and new companies coming to market, the Mines2Capital analyst says well-positioned investors stand to benefit from what just may be a coming boom.