Political shifts lift investor mood in southern African mining

After a dramatic trading day on Friday when gold shot almost $60 an ounce higher, Monday turned out to be soggy affair for the precious metal with no fresh news to drive the market.

The national government should promptly address uncertainties now hounding the mining industry due to the former’s unclear policy towards the sector the Chamber of Mines of the Philippines says.

The first Canadian mid-market chief financial officer (CFO) survey published today by GE Capital, shows that local metals and mining companies are extremely positive about the current state of the industry, but less optimistic about the state of the world economy.

In my email this past week was a missive from the news-editor of Mining.com. He passed on a letter sent to him for possible publication. I repeat the entire letter below. It has the edge I like. It has the honesty of an old man about to retire: I respect that. It has the frustration of change; and we all know the feeling.

The main source of silver to the Spanish crown during the 1500s, the Mexican state of Zacatecas is again enjoying the attention of foreign investors.

It took six months to cut into shape and now it is on display today in the Tower of London to mark Queen Elizabeth II’s Diamond Jubilee, a fancy pink-brown colour 35.60 carat diamond.

Is gold preparing for another shot up to $2,500/ounce heights or on the way down after being overbought?

Many people became convinced that data releases earlier this year indicated that "recovery" in the U.S. was imminent.

Since gold ETFs and Apple stock have been the financial stories of the decade, perhaps there was a need for a device that combines something from each.