As hedge funds reduce bullish bets on bullion to 2008 levels, $1,100 an ounce is called ‘realistic’
“People were beginning to believe that gold can stand up against all crises, but the last six months proved that theory wrong.”
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Hard coal landing: Australia scraps $9 billion port expansion
The state government has scrapped plans for a $8.8 billion coal terminal expansion project at Queensland's Abbot Point, Australia citing funding issues and environmental regulations, but China's slowing economy probably had more than a little to do with it.
Gold rally runs out of steam before $1,600 mark
Traders said support given to Greece to stay in the Eurozone at the weekend's G8 meeting and a stronger dollar hurt the yellow metal.
Billionaire battle: Property tycoon says Rinehart is bilking him out of iron royalties
Gina Rinehart, the world of mining's 4th richest person, is meeting a fellow billionaire Stan Perron in the Australian supreme court this week in a fight over – no surprises here – iron ore royalties.
Kirkland Lake halts production after fire
No injuries or damage to company assets, but all production activities are halted until power is restored.
Gold: The world’s friend for 5,000 years
Investors have “defriended” gold recently in favor of the dollar, as Greek and French voters rejected austerity measures.
Iron ore hits six-month low as China just says no
Iron ore prices fell on Monday to six-month lows of $130/tonne as Chinese steelmakers demand cargo deferrals or simply default on shipments.
How strong is global gold demand?
Even though gold prices can experience declines that appear to be unfounded, demand from various categories and parts of the world continue to provide support to prices.
Motley Fool says Rio Tinto is a 4-star stock ready to pop
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, global mining giant Rio Tinto (NYSE: RIO ) has earned a respected four-star ranking.
