Santacruz Silver Mining reports fatality at Tres Amigos mine in Bolivia
Tres Amigos mine, a part of the Caballo Blanco Group of mines, has resumed operations after it was shut down following the incident.
Gold, silver, platinum and palladium, as well as other commodities, generally stand a better chance of handling a global economic downturn than other types of investments, Barclays Capital said Monday.
While the investment house does not expect a repeat of 2008, it says commodities “are on a very different footing” from two years ago primarily because commodities prices are falling this year from a much lower base than they were falling in 2008 – from their June 2008 peak they fell 54% to February 2009.
“Our results suggest that those commodities that market participants are likely to view as most exposed to a recession are livestock, gasoil and KBOT wheat, while platinum, cotton, lead, carbon and cocoa are likely to be viewed as more “protected,” the Barclays note said.
