CHART: Iraq chaos lifts gold price – still cheap vs oil
Since 1970 the average number of barrels of oil can that can be bought with one ounce of gold is 15. The ratio has now fallen to below 12.
Latest Stories
This chart shows mini gold price rally could have legs
Philadelphia Gold & Silver Index rises faster than the gold price and the ratio points to another 10% upside.
Politicians and business leaders urge approval of Northern Gateway
A group of politicians and business leaders have written an open letter in support of Enbridge’s proposed Northern Gateway pipeline.
The iron ore price is falling again
Shares in producers are dumped after price of iron ore falls 2% to fresh 22-month on more bad economic news from top consumer China.
Peru’s President allegedly financed campaign with illegal mining funds
Former head of the National Federation of Artisanal Miners of Peru claims the union gave Humala's party 17kg of gold to help finance his campaign.
Platinum, palladium prices tank on strike deal
Unions representing 70,000 workers and the three largest platinum mines in the world reach wage deal to end almost 5-month long strike.
Metso signs EUR 500 million revolving credit facility
Metso Corporation has signed a new EUR 500 million multi-currency revolving credit facility with a syndicate of 10 relationship banks.
Aussie scientists develop cost-effective way to treat mining wastewater
The treated water can be either released to the environment or recycled back into the purifying plant.
IronPlanet Launches allEquip, the New Way to Buy Used Equipment Online
IronPlanet®, the leading online marketplace for buying and selling used heavy equipment, today launched allEquip.com, an online, “buy now” marketplace of used construction equipment for sale at competitive prices.