The Mexican government halted operations at the coal mines in the northern state of Coahuila on Thursday due to safety issues that have already caused the death of 13 coal miners in the last three weeks.
According to Louis James, the senior editor of the International Speculator and Casey Investment Alert, the manic highs and lows of the market are good for those who have mastered the discipline of buying low and waiting.
While timing exactly when the rebound will happen is impossible, Marshall Auerback, director of Pinetree Capital, believes now is the time to pay the gold market renewed attention.
The ad start by touting Obama support for the clean coal industry specifically in Ohio where coal production has increased 7% since Obama took office and then quotes from a 2003 speech Mitt Romney made at the Salem Massachusetts coal plant.
Wandoan, with a population of less than 380 people, could get about $106 million from mining giant Xstrata if the Swiss company decides to go ahead with its $6 billion coal project bordering the local community.
Canadian oil industry support group, EthicalOil.org, filed a 143-page complaint with the Canada Revenue Agency accusing Tides Canada of funnelling charitable donations to highly political, and non-charitable, groups like PETA and ForestEthics.