SHORT SQUEEZE: Gold price spikes $40
A $40 swing in the gold price, wiping out an early morning jobs number sell-off shows short positions at four-month highs could be facing a big squeeze.
Latest Stories
Turquoise Hill sinks 26%
The owner of the massive Oyu Tolgoi copper-gold mine in Mongolia is doubling its shares outstanding with a $2.4 billion rights offer.
Dassault Systèmes Introduces Geovia Surpac™ 6.6 With New Stope Design Tools, Digitising And 3d Cad Tools Enhancements
The new Stope Design Tools module enables underground engineers and designers to accomplish stope design tasks efficiently with an easy, simple and fast stope design process.
Gold prices down despite upbeat US jobs numbers
Gold prices hit a 5-month low, and is now within shouting distance of the psychologically important $1,200 level and the three-year low of $1,180.
Australian junior sets foot in Chile’s copper sector
Mining Group is set to extract 5,000 tonnes of ore per month, subject to more than a few of conditions, including a monthly payment of $2,000.
DiamondCorp gets first cash from stones unearthed at its Lace mine
Company got about $279,000 from the sale of 6,442 carats.
Sino Iron ships first concentrate to China 4 years late
And US$6 billion over budget.
Zimbabwe government to reduce mining royalties
Last January the government set gold royalties at 7%, platinum at 10% and diamonds at 15%.
Peregrine Diamonds rises 52% on sample results
"One of the highest grade kimberlites in the world."
