Barrick Gold (ABX) – the world’s largest gold producer – has decided to replace CEO. Gold prices have been rising steadily over the past few years, however Barrick Gold’s share price has not kept pace, so it is no surprise to see the ousting. Aaron Regent has been replaced by current CFO Jamie Sokalsky. Barrick shares have […]

Gold and silver prices went up steadily on the assumption that the central bankers will act more aggressively in trying to stimulate their economies – particularly the US Federal Reserve. This will cause inflation, and gold is the traditional favorite hedge against inflation. The Group of Seven – central bankers from  France, Germany, Italy, Japan, […]

Gold and silver prices fell sharply after US PMI (Purchasing Managers’ Index) data. Currently, world economies are being bolstered by active growth in the US, so today’s PMI data was a setback for metals prices. The PMI is a survey given out to purchasing managers in Chicago asking them to rate their relative level of a […]

Canadian mining business development expert Catherine McLeod-Seltzer is predicting many more mergers and acquisitions in 2012 as small producers face a credit crunch. Bigger producers, such as Kinross, Barrick, Yamana, and Goldcorp battle for higher and higher revenue streams. Smaller mines are shy of traditional financing methods, such as public equity offerings or bank loans, […]

Copper prices fell to a 4-month low on Friday after a decline in Chinese growth and the EuroZone debt crisis reduced demand. As Greece investigates options for leaving the European Union, manufacturing demands in Europe fell to their lowest levels in 3 years. Copper is a very important component in manufacturing. Chinese manufacturing has also […]

As the sale for the London Metals Exchange (LME) winds down, questions remain about one of the prime contenders for the purchase; the Hong Kong Exchange’s (HKEx) Mercantile Exchange. The top 3 companies in the bidding are the IntercontinentalExchange (ICE) in Atlanta, Chicago Mercantile Exchange (CME), and HKEx. However investors are now questioning how the […]

Demand for gold in China looks to rise 30% in 2012 due to growing wealth in demand for luxury goods, surpassing India as the largest gold market in the world. Chinese gold demand was 770 tons in 2011, however China is now on pace to exceed 1,000 tons in 2012. India’s demand of 933 tons […]

Lead is at a year-low currently, but poised to rise on global shortages. Demand for lead has gone up every year for the past 5 years as the metal is a crucial part of industrial batteries. Wolrdwide stockpiles dropped 7.6% since October 2011 when lead prices reaches an all-time high. Analysts estimate that prices will […]

The price of gold rose steadily this year, but has since falling to the same level as early January. Europe’s debt crisis isn’t going away, and political instability is on the rise in many countries. France has a new socialist government, Italy recently replaced theirs, and Greece’s parliament is deadlocked without a coalition ruling party. […]

Gold investors are the least optimistic in 5 weeks as due to political problems in Europe. All gains of 2012 have been lost recently as investor turn to USD seeing stronger-than-expected US economic growth. Gold had risen 14% percent to $1,792.70 by Feb. 28 on the Comex in New York, before falling to $1,585 today. […]