USA

Citibank acquires Deutsche commodities trading book

Cecilia Jamasmie | October 21, 2014
Citibank acquires Deutsche commodities trading book

Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.

China sets tougher restrictions on illegal mining, exporting of rare earths

Cecilia Jamasmie | October 20, 2014
China sets tougher restrictions on illegal mining, exporting of rare earths

Beijing has launched a five-month campaign that aims to finally crackdown on illegal extraction and smuggling of the coveted elements.

TECO Energy sells coal subsidiary for $170 million

Cecilia Jamasmie | October 20, 2014
TECO Energy sells coal subsidiary for $170 million

The sale price includes future payments of $50 million if certain coal benchmark prices reach specified levels over the next five years.

Peabody swings to loss as coal prices plunge

Cecilia Jamasmie | October 20, 2014
Peabody swings to loss as coal prices plunge

While coal sales have shown some signs of a rebound, low natural-gas prices continue to pressure the fossil fuel demand and pricing.

CHART: Gold price vs dollar shows true extent of rally

Frik Els | October 17, 2014
CHART: Gold price vs dollar shows true extent of rally

Based on past performance of the gold price relative to trade-weighted dollar index, gold should be touching $1,000 an ounce now.

Gold benefits from market uncertainty

GoldMoney | October 17, 2014
Resource market in good shape feat

After a prolonged period of low volatility as funds invested in ever-greater risk, markets have snapped and volatility has jumped.

Cliffs the newest victim of iron ore price slump: to take $6bn charge

Cecilia Jamasmie | October 17, 2014
Cliffs the newest victim of iron ore price slump: to take $6bn charge

The miner said the move was driven by its revised pricing outlook and adverse market conditions.

Three ways to play uranium: Dundee's David Talbot names his top draft picks

The Energy Report | October 16, 2014
Uranium price building on gains

Talbot explains the turbulent currents roiling the uranium space, and names eight players he thinks are positioned just right.

Peter Schiff - Euro Pacific Capital

Governments need inflation, economies don't

In an article in the UK's Telegraph on October 10, veteran economic correspondent Ambrose Evans-Pritchard laid bare the essential truth of the nearly universal current embrace of inflation as an economic panacea.

BHP bows to pressure, to list spinoff in London

Cecilia Jamasmie | October 16, 2014
BHP bows to pressure, to list spinoff in London

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

Newmont’s Conga mine could remain halted until 2018

Cecilia Jamasmie | October 15, 2014
Newmont’s Conga mine could remain halted until 2018

The future of the proposed $5 billion Conga copper and gold project in Peru remains in limbo as its main opponent was recently re-elected governor of the region where the project is situated.

Australia, Brazil to control 90% of global iron ore trade by 2020

Cecilia Jamasmie | October 15, 2014
Australia, Brazil to control 90% of global iron ore trade by 2020

Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.

China's boom and lust for gold

Peter Schiff - SchiffGold | October 14, 2014
Gold bricks with coins

Peter explains China's ongoing boom and what it means for their favorite commodity – gold.

Rick Rule: Are the worst of times yet to come?

Sprott Asset Management | October 13, 2014
scary monkey 333

“We have all had the experience of seeing goods on sale and procrastinating, and later on seeing them priced much higher. You think to yourself ‘I really wish I’d participated.’ Those are the kinds of times that get referred to as ‘the good old days.’”

Frank Holmes - U.S. Global Investors

Did you see that opportunity when the markets corrected last week?

silver lining

The dollar is significantly overbought relative to crude oil. The dollar is up almost two standard deviations, crude oil down almost one standard deviation.

Tommy Humphreys

Conditions are ripening for a rally

Tommy Humphreys | October 13, 2014
falling house cave in

The damage inflicted across global markets is quite significant.

Ten companies Adrian Day sees as stable in a world that is not

The Gold Report | October 13, 2014
Ten companies Adrian Day sees as stable in a world that is not

Is there any hope on the horizon for the gold funds?

Wyoming considers self-regulating uranium industry

Cecilia Jamasmie | October 10, 2014
Wyoming considers self-regulating uranium industry

The news comes as local miners argue that federal directives are redundant and lengthy.

Gold price gains momentum on US Fed growth concerns

The Bullion Desk | October 9, 2014

The gold price was stronger on Thursday morning, having earlier spiked above a key resistance level following the release of the FOMC minutes that highlighted concerns among officials over the growing gap between the strengthening dollar and weakening global economy.

Hedge Fund Billionaire John Paulson's Comeback Crashes In September

Forbes | October 9, 2014

Hedge fund billionaire John Paulson staged an impressive comeback in 2013 following three very tough years for his Paulson & Co. hedge funds, but his rebound crashed badly in September, leaving some of his most important funds down deeply in 2014.

Costs of Mexico copper mine spill climbs to almost $140 million

Cecilia Jamasmie | October 9, 2014
Costs of Mexico copper mine spill climbs to almost $140 million

Figure is based on preliminary assessments of the damage caused to water, flora, fauna, and wildlife, as well as official information on water quality.

Iron ore war: Rio Tinto ‘not standing still’ over BHP’s production boost

Cecilia Jamasmie | October 9, 2014
Iron ore war: Rio Tinto ‘not standing still’ over BHP’s production boost

The head of the iron ore division, Andrew Harding, defens Rio's own plans to ramp up ore production.

The U.S. shale revolution is underway: This drill-rig mover, backed by a Canadian oilpatch titan, is poised to capitalize

CEO.CA | October 8, 2014

The still-rising shale energy boom is moving the United States ever closer to energy independence. This means drilling activity is skyrocketing — and will continue to be heavy for years.

Cutifani says tough decisions needed to restore credibility

Cecilia Jamasmie | October 8, 2014
Cutifani says tough decisions needed to restore credibility

Anglo's chief warned the company plans to take severe measures over the next two years.

Gold rises, global growth worries spark safe-haven bids

Reuters | October 8, 2014
gold jewellery

Gold was unchanged on Wednesday as growing concerns over the global economy prompted safe-haven bids, while the return of top consumer China from a week-long holiday also lifted prices.

Oil sands producer settles lawsuit by buying four farms

Cecilia Jamasmie | October 8, 2014
Oil sands producer settles lawsuit by buying four farms

Calgary-based Baytex Energy reached settlement with a group of families who claim were forced from their farms over odours.

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