May 17, 2011

A look at how far silver might correct

A correction in silver prices is now under way after an almost parabolic move. Silver prices reached a high of $49.79 on April 25, and quickly pulled back and plunged…

May 17, 2011

Extorre’s Cerro Moro receives development go-ahead

TSX and Amex-listed Extorre Gold Mines took a step closer to the development of its flagship mine Cerro Moro in Argentina on Tuesday with the approval of the Environmental Impact…

May 17, 2011

Why the silver price spiked – and crashed

The market was meant to be in surplus but somehow investors were in the midst of a buying frenzy that flew in the face of fundamentals. Big banks such as…

May 17, 2011

HudBay Minerals increases first quarter profit by 59%

HudBay Minerals Inc. has released its first quarter 2011 financial results. Net profit attributable to shareholders increased to $16.8 million or $0.11 per share in the first quarter of 2011,…

May 16, 2011

What’s driving the divergence of commodity prices

As the chart below demonstrates commodity prices are driven by different factors. The precious metals prices have been the hyperbolic driver of headline commodities news relative to the broader based…

May 16, 2011

John Kaiser: alternative energy fuels mining boom

Advances in energy and agriculture are creating demand for previously ignored metals such as scandium, tellurium and indium. In this exclusive interview with The Energy Report, Mining Analyst John Kaiser,…

May 16, 2011

Gold options: going to the well again

There are two markets where supply and demand fundamentals have gone out the window and where the value of the dollar and […]

May 16, 2011

Without QE3, commodities may suffer

While China continues to make asset driven economic decisions and now looks like a traction control experiment where the economy is like a car that is driving on ice that…

May 16, 2011

Chart of the day: commodity flows

QE, of course, only happens when interest rates hit the zero bound, so it’s impossible to disentangle the effects of QE from the effects of G3 interest rates all coming…

May 16, 2011

First Majestic earns a record $23.9 million in first quarter of 2011

First Majestic has experienced a new record for quarterly earnings for the first quarter of 2011 due to a 30% increase in average realized silver prices over the prior quarter…