Resource Market Weekly Recap
The Chilean earthquake, volatility in the currency markets and continued European debt issues contributed to higher copper, gold and silver prices.
Articles Tagged "mining silver"
MAG mystified by “take-under” offer
Silver Investing News reports MAG Silver Corp. rose 13 per cent after Fresnillo PLC, world’s biggest primary silver reported its take-over for MAG Silver. The senior silver producer is offering MAG US$4.54 a share for complete ownership. Earlier this year, Fresnillo purchased a 19.8 per cent stake in MAG, its joint venture partner on the Juanicipio deposit in Mexico. Currently, MAG owns 44 [...]
Quality juniors can and will recover
Silver Investing News reports weakening of the markets and stronger dollar affecting commodities. A slowing economy and reduced industrial demand has hurt the silver price the most this week. It’s “more related to the economy than gold is,” said Bart Melek, BMO Capital Markets global commodity strategist. Silver is functioning much more as an industrial [...]
China news gives silver a boost
Silver Investing News reports silver has rallied with China’s stimulus package news as well as a boost from gold price with the dollar under pressure. The purpose of the plan is to boost domestic demand. The government has chosen to remove credit restrictions on commercial banks in order to open up lending to projects in [...]
Inflation to set silver back on track
Silver Investing News reports silver prices is seen to return as a hedge against inflation. At the third annual London Silver Investment Summit held yesterday, precious metals fund manager Ned Naylor-Leyland of Cheviot Asset Management gave an interesting presentation on the future of silver in the current global economic climate. The idea of silver as [...]
