Can the diamond market look forward to a complete recovery by end-2010? There are some in the sector who express confidence that the worst is over, and that prices for uncut as well as polished, have bottomed out. 2010 looks good, they say. Yet there are others who differ in opinion.
Like in the case of [...]
Gold Investing News reports gold stocks leave gold investors in a frenzy despite gold prices reaching above $1,000 mark.
Why the frenzy? Is it a mere bubble? What is behind the volatile rise in prices? There appear to be too many questions and too little answers.
For sure, there is intense interest among the world’s 100 most-in [...]
Gold Investing News reports Mindoro, focused on gold, copper-gold and nickel exploration in the Philippines with a strategy of advancing early stage opportunities to production or joint venture.
Mindoro has NI 43-101 resource estimates on its Agata North nickel-cobalt project and on both its Lobo (SWB) and Archangel (Kay Tanda) gold-silver projects. Mindoro has identified 22 porphyry [...]
Iron Investing News reports iron market moving towards a gloomy start.
“We need to recognise the fundamentals of the market. The market would show that it does need a downward adjustment this year,” said Sam Walsh, head of Rio’s iron ore division. But given the potential for a recovery in industrial demand at some stage and [...]
Gold Investing News reports gold lost about 4% after G20 meet.
“High gold prices and extreme volatility in prices are affecting us,” said Joy Alukkas, chairman of Joyalukkas Group, a leading India-based gold and diamond retail chain with 40 major outlets across the world. He said the March 2009 earnings of Joyalukkas Group had fallen by [...]
Nickel Investing News reports nickel having the slowest price to rebound.
Output reduction in Japan and China decreased production by 6.1 per cent. World demand was down 1.9 per cent from the same period of the previous year. Nickel supply has outpaced demand every month since February 2007, when the market had a deficit of 4,600 metric [...]
Platinum Investing News reports platinum price falls to a value of 45%.
As investors have fled the platinum market, they have flocked to gold as a safe haven. Last Thursday, the momentous occasion of gold surpassing platinum occurred as gold purchases gained extra impetus as the U.S. dollar tumbled and oil rallied. Platinum demand has been fundamentally, [...]
Gold Investing News reports AMI Resources Inc., a Canadian exploration and development stage company.
AMI Resources Inc. is a Vancouver, British Columbia based exploration and development stage company, which through its wholly owned operating subsidiary (Norcan Mining Corp.), has elected to concentrate its exploration activities in Ghana, West Africa.
For complete story, click this link. Follow developments [...]
Gold Investing News reports gold rallied slightly higher than $800 an ounce in New York.
“Gold is really starting to re-emerge as the safe-haven asset,” said David Meger, a metals analyst at Alaron Trading, in a Reuters report. U.S. gold futures for December delivery (GCZ8) settled up $43.10, or 5.8 per cent, at $791.80 an ounce on [...]
Nickel Investing News reports nickel markets were relieved with China’s stimulus package recently.
A declining greenback made the metals more economical for holders of other currencies. Short covering as investors who had bet on lower prices bought back their positions helped nickel rise 13 per cent.
For complete story, click this link. Follow developments in resource mining [...]
Tuesday, October 27, 2009
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