June Swiss Gold Exports To China Show Monthly Decline But 368% Rise From 2014
Chinese gold demand remains an important component for the overall market, despite data showing lackluster demand last month.
Read moreThe Molycorp Bankruptcy – Doom or Dawn for Rare Earth Elements?
The recent bankruptcy (chapter 11) filing by Molycorp, the U.S.’ only producer of rare earth elements, prompted many comments about the future of this market sector. Once an icon for independence from China for these crucial materials the company now appears to have fallen victim to a sustained period of low prices.
Brazil Resources Reaches Deal To Acquire Whistler Gold-Copper Project In Alaska
Brazil Resources Inc. (TSX-V: BRI; OTCQX: BRIZF) reports that it has entered into an agreement to acquire 100% of the Whistler gold-copper project and related assets in south-central Alaska from Kiska Metals Corp.
Read moreCiti Trims Palladium Forecast But Looks For Prices To Recover
Citi Research lowered its palladium forecast Tuesday but also called for prices to start improving again in the second half of the year, saying “there is light at the end of the tunnel.”
Gold Has Given Up Half Of Its Gains From Rally That Started In 1999 – Barclays
Adrian Day, president and chief executive officer of Adrian Day Asset Management, suggests that now is not the time to sell gold or gold stocks after the yellow metal hit a five-year low Monday and the XAU mining index slid to levels not seen since…
Read moreGold Stabilizes After Monday’s Rout; More Downside Likely
Gold prices are just modestly lower in early U.S. trading Tuesday, following Monday’s debacle that saw the yellow metal drop sharply and hit a five-year low.
Read moreRaw Commodity Market Bulls Are In Trouble
Kitco News – Gold prices are near steady in early U.S. trading, after selling off sharply and hitting a five-year low Monday
The 6PM Recap With Gary Wagner: Gold Plays Humpty Dumpty, Oil Slips, Dollar Stays Unchanged But Beefy
Gold took a beating overnight in Asia and in trading in New York later. It is off its U.S. lows, but it is still trading in the low 1100s.
Read moreGold Sharply Lower, Hits 5.5-Year Low; Plenty of Bearish Elements, Scant Bullish Factors
Gold prices ended the U.S. day session solidly lower Monday and hit a five-year low of $1,080 an ounce, basis Comex futures, in Asian trading. Prices did bounce off the lows by the time U.S. trading started, but still traded solidly lower on the day. …
Read moreLonger-Term Technicals for Gold Turn More Bearish; Downside Targets Revealed
Price action last week and early this week in nearby Comex gold futures has produced fresh, significant longer-term technical damage to suggest still more price pressure to come in the days and weeks (or longer) ahead. An examination of the monthly co…
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