Since the metal yields nothing, higher bond yields make investing in gold less attractive. This thesis certainly sounds logical, but do rising long rates really threaten gold?
"The decline is feeding on itself."
Major miners Glencore Xstrata and Peabody Energy made large cuts to their Australian coal operations last month, but in the long-term their actions may have a positive impact on the industry.
Most obvious measures include abandoning non-essential exploration work, postponing hires and focusing on core-business operations.
The Canadian government says science is on its side when assessing tar sands pipelines.
Here’s the situation: North America is swimming in cheap natural gas, whereas international markets are thirsty for it and paying a premium. […]
Activity has increased fivefold in the last six years and is estimated to provide 100,000 direct jobs in the country.
Pushed by a global surplus of coal that is negatively affecting its price.