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Deeper Metals Price Falls Needed to Spark Closures
A rout in commodity markets has pushed prices of aluminum, zinc and nickel down to levels where many high-cost producers are starting to suffer, although the pain threshold may have to increase before widespread closures help balance markets.
By Eric Onstad | May 25 | Reuters
Precious Metals Pare Weekly Losses, XAU Inches Higher
Gold and silver futures advanced on Friday despite stability in the U.S. dollar, but nonetheless finished the week in negative territory.
By jturbin | May 25 | Gold Alert
Ontario Forest Fire Halts Lake Shore Gold Mine
Lake Shore Gold Corp has halted operations at its Timmins West mine in northern Ontario, making the miner the latest to stop or curtail work because a spate of forest fires in the region.
May 25 | Reuters
Risk Aversion Continues to Weigh on Silver
Silver spent much of the week under pressure primarily from EU concerns, but managed gains on Thursday.
By Michelle Smith | May 25 | Silver Investing News
Gold Prices Weaken Following News from Europe and China
The price of gold has fallen about 1.2 percent during the week as concerns over the Eurozone debt crisis linger and China shows signs of weakness.
By Dave Brown | May 25 | goldinvestingnews
Agnico-Eagle CEO Sees $3,000 Gold amid Firm “Underpinning”
The latest gold mining executive to forecast a new record high for the price of gold was Sean Boyd, CEO of Agnico-Eagle Mines (AEM).
By jturbin | May 25 | Gold Alert
Mines Management Advances La Estrella Project
Mines Management (MGN) announced preparation measures, through its subsidiary Minera Montanore Peru SAC, for the upcoming exploration program at its La Estrella gold-silver project in central Peru.
By jturbin | May 25 | Gold Alert
Gold Prices Wait for “Bullish Momentum” to Arrive
GOLD PRICE NEWS – Gold prices advanced modestly Friday morning amid slight weakness in the U.S. dollar and moderate strength in the commodities complex.
By jturbin | May 25 | Gold Alert
Gold Rises on Firmer Euro, but Set for Weekly Fall
Gold prices rose back above $1,560 an ounce in Europe on Friday, snapping four sessions of losses, as the euro recovered from two-year lows against the dollar, though worries over the outlook for the euro zone kept investors on edge.
By Jan Harvey | May 25 | Reuters
Gold Stocks (GDX) Slide, Newmont Target Lowered
GOLD STOCKS NEWS – Gold stocks turned lower Thursday afternoon alongside precious metals, with the Market Vectors Gold Miners ETF (GDX) falling from an intra-day high of $45.
By jturbin | May 24 | Gold Alert
Gold and Silver Climb Higher, Euro Sinks to New Lows
Your daily recap on precious metals...
By Eric McWhinnie | May 24 | Wall St. Cheat Sheet
Why Silver is a Buy
Why is Silver so important in today's industrial world? The Fundamentals Today, Silver is used for industrial purposes, decorations photography, and medicine. Its combination of strength, malleability and conductivity makes it a major element, in the commodity market.
By Paul A. Ebeling, Jnr. | May 24 | LiveTradingNews
