Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Silver appears to have lost its shine for most investors in India, with many preferring to transfer funds from the white metal to the dollar and even the equities market. Traders and analysts say that most investors are a bit skittish because of the metal’s wild price swings and are wary of global concerns that could dull its shine.
“As of last August, silver jumped over 175% to around $50 at the start of May. And then, it slumped almost 35%, to hit a low of $32.33 on May 12.”
