Jim Rogers poured cold water on Friday's stock rally after European leaders agreed to backstop more debt-stricken banks. The S&P 500 jumped 2.49% on Friday, and spot gold was up $30 to close at $1,599.10/oz.
The U.S. Court of Appeals in Chicago ordered that an anti-trust lawsuit be brought back to the courts, and a lower court ruling that settled the issue in favour of the potash companies be set aside.
Ivanhoe Mines was up 7.6% in afternoon trade on Friday after the company provided an update on its Oyu Tolgoi project in Mongolia and announced shareholders had approved a name change.
Base and precious metals continued to rally in New York trade after the EU moved "to break the vicious circle between banks and sovereigns" early on Friday.
The opposition Democratic Party declared victory in yesterday’s parliamentary elections over Mongolia’s ruling party in a highly disputed election that focused on how to better share profits from a conflict-ridden mining industry.
Locals from the Bolivian Andean region have kidnapped two engineers of Canadian South American Silver and are demanding the immediate release of their leader.