The Australian Securities Exchange lost 10.9 points to finish at 5,186 points today. The fall came as traders awaited a United States jobs report due out this morning.
The Alternative Investment Market was up today to 822.20 points, an increase of 0.81 points from the previous session.
Silver – Silver slipped below $19 to hit $18.93 earlier this week, but some analysts believe that the Friday release of official US November employment data will help the metal turn itself around.
Copper – Copper prices have recovered slightly from early-week lows. However, the red metal has once again fallen victim to concerns over federal stimulus plans, sliding back from a nine-day high to $7,080.25 per tonne on the London Metal Exchange.
Gold – Klondex Mines (TSX:KDX), working to put its Fire Creek gold project in Nevada into production, on Wednesday said it will pay Newmont Mining (NYSE:NEM) about $83 million for its Midas mine and milling facility in the same state.
Gold – The end of the year is in sight, and many investors will soon be forced to take painful losses. David H. Smith, senior analyst at The Morgan Report, says that smart investors will take care to cull the weakest mining stocks from their portfolios and reinvest the proceeds in truly undervalued companies. In this interview with The Gold Report, Smith contends that once the market has worked through this process, a rejuvenated bull market in precious metals will eventually lead to a vertical rise in equities, with platinum group metals leading the way.
Graphite – Measured and indicated mineral resources for the project now total 50 million tonnes, a 658-percent jumped from the previous 7.6 million tonnes.
Rare Earth – Could the Jongju area contain the largest light rare earth deposit in the world?
Cobalt – A cargo truck stolen early on Tuesday while transporting cobalt-60, a radioactive cobalt isotope, was found yesterday afternoon near Hueypoxtla, Mexico.
Uranium – Macusani Yellowcake is looking to put Peru on the map for uranium production in the future. But before it can get there, here's a look at the results of its PEA.