More downside potential in gold stocks
While we expected the gold stocks to correct and test GDX $22 and GDXJ $35, we did not expect it to happen so quickly.
Latest Stories
Rio Tinto defers former CEO Walsh bonus over Guinea scandal
Sam Walsh's bonuses, potentially worth millions, had been delayed for at least two years as investigations continue into dubious payments related to Simandou iron ore project in Africa.
Gold price correction sinks mining stocks
Heavy losses across the board – Barrick down 4.6% in massive volumes and second tier Canadian miners hardest hit.
Gold, silver prices are getting clobbered
Gold suffers its worst trading day of 2017 while silver is down 4.2%.
Oil majors’ costs have risen 66% since 2011
The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead
CAT shares hammered as feds search offices
Federal officials executed a search warrant at three of Caterpillar facilities, including the corporate headquarters in Peoria.
World’s largest new diamond mine begins commercial production
Gahcho Kué, owned by De Beers Canada and Mountain Province Diamonds, is expected to produce around 54 million carats of rough gems over its 12-year lifetime.
Joy Global posts first-quarter loss, but will pay dividend
Joy will pay a dividend of $0.01 per share by March 31, provided that the proposed merger with Komatsu America Corp. does not close before the close of business on March 17, 2017.
The Joburg township where outlaws make the rules
t’s dangerous‚ often fatal‚ but illegal underground gold mining is pretty much all that sustains the economy of Lindelane‚ a sprawling township of tin shacks and shebeens near Benoni‚ to the east of Johannesburg.
