Companies with gold in the ground now will be the ones to prosper. In this exclusive Gold Report interview, Ian Gordon discusses where he thinks the Dow will bottom and what companies will come out on top.
Following many years of net annual sales in the 400 to 500 tonne range, central banks, underweighted in gold and overweight in dollars and euro’s, became net buyers of gold.
Fortescue Metals has lodged a challenge in the High Court of Australia against the Federal Government's Minerals Resource Rent Tax on constitutional grounds.
The lands will be open for mining licenses, but a majority of them are in protected zones, so officials would have to carefully pick specific regions to auction.
Arch Coal (NYSE:ACI), the second largest supplier of coal in the USA, is laying off 750 full-time workers at its Appalachia mining operations after owners said that demand had reached a 20-year low.
The performance of iron ore is in stark contrast to other commodities including copper which has shed 4% over the last two days and crude oil which touched a 52-week low of under $78 a barrel today.
With subsidies to Spain's coal industry about to be yanked, striking workers are ratcheting up the pressure on the government and clashing violently with police.