June 29, 2012

Euroland bailout program spurs metals rally. Gold bumps up against $1,600

Base and precious metals continued to rally in New York trade after the EU moved "to break the vicious circle between banks and sovereigns" early on Friday.

June 28, 2012

Without safe haven support, gold charts point to $1,320 an ounce

There’s "no semblance of a safe-haven" at the moment and "the technical profile of bullion is also weak."

June 25, 2012

Dr Caterpillar’s chart says the global economy is going to get much sicker. And soon

But management of the equipment behemoth has stuck to their forecasts for a record-breaking year.

June 25, 2012

Platinum outlook remains volatile

A third round of quantitative easing won't help support platinum and palladium prices, according to Erica Rannestad, platinum group metals specialist with CPM Group in New York. So, what will…

June 22, 2012

Aquarius Platinum puts Everest Mine on care and maintenance

Due to an platinum market that is an “abiding surplus”, the board at Aquarius Platinum (LON:AQP) placed its Everest mine on care […]

June 21, 2012

Traders with Bernanke blues sell off metals, gold drops $50

The slide in the spot price of gold triggered by disappointment over the Fed's actions – or lack thereof – yesterday accelerated in Thursday trade with the precious metal giving up $50…

June 20, 2012

Barclays remains positive about PGMs, favours palladium

Barclays Capital analysts say the pullback in platinum group metals since winter offers “attractive buying opportunities: "We expect palladium prices to average $700/oz in 2012 and platinum to average $1,622/oz."

June 17, 2012

End of the supercycle is also spelling the end of radical resource nationalism

"Natural resources companies with a pipeline of, say, five projects in five different countries are now likely to build just two or three of those. Thus, executives have the power…

June 15, 2012

Chrome ore China tariff threat to South Africa’s platinum producers

A vital revenue stream for platinum miners — chrome ore — may be choked off if ferrochrome producers are successful in lobbying for a protectionist export tariff of $100/ton in…

June 12, 2012

334,000 SA platinum ounces at risk – Standard Bank

The recent turmoil in Europe and generally poor platinum price performance over the last few months has left South African platinum producers struggling and, marginal assets under threat.