The raft of bad US economic numbers this week that culminated in the terrible employment report this morning, combined with the stream of bad news emanating from Europe, saw the gold price jump more than $50 an ounce on Friday.
Canada-based Nautilus Minerals Inc. said its Solwara 1 underwater copper project could be delayed or even cancelled due to a dispute with Papua New Guinea over the mine ownership agreement.
Are gold supporters part of a special group? More than a market philosophy, do they represent a doctrine and a belief-system? These and many other interesting questions are answered by Financial Times writer, Izabella Kaminsk, in her most recent post.
Chile, the top copper producer in the world, will not be able to keep mining for the red metal, gold and other minerals if the country doesn’t find a solution to the pressing energy needs, experts believe.
Mawson Resources (TSE:MAW) spiked 33% to $1.44 a share on Thursday after announcing its first drill results from the Rompas gold project in Northern Finland.
The board of Norton Gold Fields (ASX:NGF) recommends that shareholders accept a A$212 million cash takeover from one of China's largest gold producers, Zijin Mining Group.
The gold standard, under which any holder of paper dollars could redeem them for gold at the US Treasury, is now within the living memory of just a few million Americans, nearly all of whom would be dangerous behind the wheel.