Junior Mining News

Gold Breakout? Not Yet.

By Jordan Roy-Byrne CMT, MFTA Traders and investors noted and celebrated Gold’s alleged breakout from a its downtrend that began in 2011. Tuesday Gold closed at $1297/oz after nearly touching $1299/oz. Gold appeared to break its downtrend on the many charts that made the rounds. However, upon further inspection, there was no breakout from the

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Glencore snatches Rio Tinto-owned mines from Yancoal with $2.55B offer

By analyst By Andrew Topf Miner and commodities trader Glencore (LON:GLEN) has performed a coup d’etat on a deal that was practically sealed between Yancoal Australia (ASX:YAL) and Rio Tinto’s (ASX, LON:RIO) for Rio’s coal assets in Australia’s Hunter Valley. The company said Friday that it has offered $2.55 billion for the mines that are

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