Commodity Trade Mantra

Posts Tagged ‘AngloGold Ashanti’

Some Gold Mining Stocks May Outperform Gold Itself

Gold mining equities have become attractive to investors once more, after spending years out of fashion as respectable investments, given corporate governance problems and ballooning capital budgets. It makes sense to look at assets that were “absolutely punished and massively sold” in the past

Gold Prices Below $1,200 Could Mean Production Cutbacks - WGC

If gold dips below $1,200 per ounce (average industry cost of production) for a “sustained” period, serious production cutbacks are likely, World Gold Council representatives warned. Not that prices can’t fall below cost of production – It’s just that there’s a significant sensitivity to the price there.

Platinum Mine Strike To Spread As Second Union Joins

A South African strike that’s crippling output at the world’s three-biggest platinum producers may spread at Anglo American Platinum Ltd. as a second union plans to walk out of its refineries and smelters. South Africa’s platinum industry is losing an estimated $18 million daily.

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