CHART: Copper, nickel, zinc prices – plenty upside just to revert to mean
Even after two years of gains, industrial metals trade well below 10-year mean prices. Silver looks cheap, but gold, crude may be fully priced already.
Whole towns were washed away or buried by landslides when Typhoon Botha smashed into a mountainous region on the southern island of Mindanao last week, leaving 548 people confirmed dead and 827 missing.
Hinde Capital CEO Ltd. and manager of the Hinde Gold Fund, Ben Davies, says gold's recent decline is over and claims the market will continue to stabilize from here.
Pfizer Inc.'s medical research lab in St. Louis County, Minnesota, is missing $700,000 worth of gold dust, but it is not clear how or for what purposes the pharmaceutical giant uses the precious metal.
The government of Afghanistan announced Friday its preferred bidders for three of its four current mineral tenders, with a consortium backed by City of London banker Ian Hannam, former BHP Billiton CEO Chip Goodyear and Poland’s multibillionaire Jan Kulczyk, emerging as the biggest winner.
An investment executive at Sprott Global Resource Investments, Michael Kosowan is working by three sayings these days: "Well bought is half sold," "small is beautiful" and "necessity is the mother of invention."