Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Gold and silver took a thumping in late June as overbought speculative positions were unwound and gold’s contraction of 132 tonnes in the net long on COMEX was the largest weekly absolute fall since mid August 2008. On that occasion the price fell by $63 or 8%, compared with late June’s drop of $70 or 5%.
