China’s Gold Demand “Snowballing”, WGC Says
May 2, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[Reuters] – China’s gold demand is expected to double over the next decade due to jewellery consumption and investment needs, the World Gold Council (WGC) said in its first report on the world’s fastest growing consumer of the metal. Currently the world’s second-largest gold consumer after India, China has seen its gold demand grow at [...]
METALS OUTLOOK: Gold Market To Focus On Central-Bank Meetings, Jobs Report, Physical Demand
April 26, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[Kitco] – Gold traders will have plenty on their plate next week with central-bank meetings and an always-important U.S. employment report, while also continuing to keep tabs on the strength of demand in the physical market. The U.S. Federal Open Market Committee and European Central Bank meet. And, as always, traders will be watching economic [...]
20 Million—Why Is this Number Critical for Copper?
March 20, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[The Metals Report]- For resource expert Joachim Berlenbach, fund adviser with Switzerland’s Earth Resource Investment Group, copper is shining brighter than gold—he even does some back-of-the-envelope calculations to show how global development could create a serious supply bottleneck. The Metals Report: Joachim, is the smart money finding its way into mining equities? Joachim Berlenbach: At [...]
Will Mining Stocks Follow Iron Ore’s Price Climb?
February 20, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[The Metals Report] – Last year’s drop in iron ore prices made for a once-bitten, twice-shy market, but Colin Healey of Haywood Securities now sees upside opportunity in junior developers. But there’s a catch: Iron ore projects often have big price tags, and investors need to be confident that a company can cover its costs. [...]
Chinese Copper Imports Jump 47.7% in December 2012
January 17, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[Resource News Report] – December 2012 imports of copper into China surged 47.7% from the previous year hitting an all-time high of 509,000 tonnes. According to International Copper Study Group (ICSG) China’s copper usage grew 19% in 2012 to represent 43% of the world’s consumption. This growth rate more than offsets the copper usage decline [...]
Platinum Prices Get White Hot
January 15, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[Forbes] – So, to mark the demise of the trillion-dollar coin idea, platinum just did something it’s not managed in almost a year. Its price rose above the price of gold Tuesday morning for the first time since mid-March 2012. Indeed, while gold and related cash-price proxies like the big SPDR Trust (NYSE:GLD) have risen [...]
Gold Ends Higher on Short Covering, Bargain Hunting; Bears May be Exhausted
January 9, 2013 by metalinvestmentnews · Leave a Comment
SOURCE:[Kitco News] – Comex gold futures prices ended the U.S. day session moderately higher Tuesday. Short covering and bargain hunting were featured following recent downside price pressure. Tuesday’s price action hints that the bears may have run out of downside gas on a near-term basis. February gold last traded up $13.50 an ounce at $1,659.90. [...]
Are You a Base Metal Growth Bull or a Gold Gloom-and-Doomer?
January 3, 2013 by metalinvestmentnews · Leave a Comment
SOURCE: [The Gold Report]- Gold bugs say the global economy could collapse any day now. But what about investors who see continued growth in emerging economies and a steady, if slow, U.S. recovery? Look to base metals, recommends Haywood Analyst Stefan Ioannou. He expects price runs for 2013–2015, especially for zinc, which is facing a [...]
The 12 Gold Bugs of Christmas
December 20, 2012 by metalinvestmentnews · Leave a Comment
SOURCE:[Jeff Clark - Casey Research] – While the price of gold has languished in a trading range much of the year, leaving some investors scratching their heads, many have been buying – and in some cases, really loading up. It’s a tad puzzling that gold hasn’t broken into new highs, despite enough catalysts to move [...]
Taipan Resources Surges on Mackie Research Coverage
December 10, 2012 by metalinvestmentnews · Leave a Comment
SOURCE: [Resource News Report]- On December 5, 2012 Taipan Resources (TPN-TSX.V) surged 23% (from .27 to .35) after Mackie Research Initiated coverage with a SPECULATIVE BUY recommendation and a $1.00 per share 12-month target. “We believe the potential exists for significant share price appreciation once Taipan secures a farm-out partner,” stated the report, “and we [...]