December 1, 2011

Gold/silver ratio jumps, ECB points to deflation risk, as “low-growth outlook” defies central-bank liquidity move

Wholesale prices in the gold investing market continued to rise Thursday morning in London, extending yesterday’s 2.8% jump after the world’s biggest central banks offered unlimited short-term loans to their…

December 1, 2011

Miners say the outlook is great; manufacturers say it is lousy: EDC

Canadian manufacturer's confidence is plunging, says Export Development Canada in a survey released today. EDC’s Trade Confidence Index (TCI), a semi-annual survey of Canadian exporters and investors, declined by an…

December 1, 2011

World’s largest miners looking for a pot of Potash

Large miners, such as Rio Tinto and BHP, are looking to enter the potash business, or expand existing operations, as they look for increased demand from developing nations such China,…

December 1, 2011

New acquisition expands Bonanza Goldfields Tarantula project

Bonanza Goldfields Corp. (Pinksheets: BONZ.PK - News) ("Bonanza" or the "Company") announced today the expansion of their flagship Tarantula Project with the acquisition of the Piedmont Mine, a gold and…

December 1, 2011

Hecla Mining has the best relative performance in the precious metals and minerals industry (HL, AG, CDE, EXK, SWC)

Hecla Mining (NYSE:HL) ranks first with a gain of 10.73%; First Majestic Silver (NYSE:AG) ranks second with a gain of 9.41%; and Coeur d'Alene Mines (NYSE:CDE) ranks third with a…

December 1, 2011

The European debt crisis for dummies

Matt Miller at the Washington Post lays out the European debt crisis in simple to follow steps, and even weaves in a parable:

December 1, 2011

EPA battles spill near Suncor Energy’s Colorado refineries

The Denver Post reports that Federal officials in Commerce City, Colorado are trying to contain contamination in the South Platte River near one of Suncor Energy's refineries. What material is…

December 1, 2011

Run on gold drives demand for non-gold wedding bands, experts say

The cost of gold wedding bands has more than doubled over the past couple of years, and consumers have responded by switching to lower-cost rings made of titanium, cobalt, tungsten…

December 1, 2011

Goldman Sach’s commodities forecast at odds with JPMorgan Chase

Bloomberg reports that Goldman Sachs Group Inc. (GS) has released its 2012 forecast on commodities. The document predicts commodities may rally 15 percent in the next 12 months, foresees an…

December 1, 2011

De Beers opens second China store in six months

De Beers' second mainland China standalone was opened earlier this week. De Beers Diamond Jewellers has opened a second store in China, in The Friendship Mall in Tianjin, its second…