Goldman Sachs says buy gold. Right now!
The investment bank argues that gold is not a good long-term investment, but offers a compelling medium term trade.
Latest Stories
AuRico Gold dumps Australian mines for $105 million
AuRico Gold pulled the trigger on its Australian operations on Tuesday, selling the Stawell and Fosterville mines to Crocodile Gold Corp for up to $105 million.
In the hole for $18 billion, Rio Tinto finds buyer for Europe alumina business
The world's number three miner bought Alcan's business on the continent in 2007 for $38 billion. So far the $100 billion Anglo-Australian company has been forced to write off $18.2 billion of the purchase price.
Baja slides 5% after Boleo update tells of escalating fuel, material and labour costs
Baja Mining (TSX:BAJ) shed 5% on Wednesday on higher than usual trading volumes, after releasing an update on its Boleo copper-cobalt-zinc project in Mexico.
American coins to be made out of cheaper materials
Coins in the U.S. are now going to be made out of "cost-effective materials", said Treasury Secretary Tim Geithner.
Animal poop? Now how’s that for an alternative energy source
Engineers from The Denver Zoo have taken the global concern about an energy crisis a step further by developing a method to use animal waste as fuel.
Japan urges dialogue with China on rare earths
Japan, the world’s main importer of rare earths, has requested international assistance for alternatives, conservation, diversification and recycling and to continue dialogue with China to secure stable global supply
Ten-year gold bonanza may be over: CMP Group
Gold prices will remain high this year, but are unlikely to rise above the record high reached in 2011, says the latest report by U.S.-based mining consultants CPM Group.
Canada’s Labrador to drive potential iron ore boom in the country
A remote geographic zone straddling Canadian Québec and Labrador areas is causing quite a stir in mining circles due to the large iron reserves waiting to be developed into mines.
