Some normally positive commentators see gold's bull run as being exhausted, apparently, yet then see it as due only a shower, not a bath, with longer term fundamentals still seen as intact.
Vancouver-based Rusoro Mining is preparing to seek international arbitration to obtain compensation for the assets it expects to be nationalised after a deadline to negotiate with the government lapsed.
The Eurozone crisis and its effects on global currencies and gold and silver is far from over. Gold has been following the Euro downwards, but it shouldn't be doing so.
Atlas Copco has launched a new multi-purpose single boom drill rig for use in both mining and tunneling projects. Diesel-powered and carrying its own water supply it can be used where no electrical or water infrastructure is yet available.
The spot market gold price dropped to $1641 an ounce shortly after US market open - a 4.4% fall on the week - as stocks and commodities were broadly flat, with stock markets looking set for a weekly gain by Friday lunchtime in London.
Vancouver-based Rusoro Mining is preparing to seek international arbitration to obtain compensation for the assets it expects to be nationalised after a deadline to negotiate with the government lapsed.
News media reports say western Canadian agri-business companies Agrium and Richard may be joining Glencore in a rumored US$5.49 billion bid for Viterra.
Improving U.S. economic sentiment bringing prospects of an interest rates rise ahead have strengthened the dollar and meantime weakened the gold price while platinum is again showing a premium over gold.
China's annual gold production continues to grow comfortably maintaining its position as the world's biggest gold miner assuming official statistics tell the full picture - which they may not!
