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By analyst By Cecilia Jamasmie South African precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), has delivered termination letters to over 2,000 workers at its loss-making Cooke gold mine. The National Union of Minworkers (NUM) said through its Twitter feed on Tuesday that the company has officially begun mothballing the operation. It added the miners being sacked

By Cory Comments on Central Bank Meetings and US Data First we want to wish everyone a safe and happy Halloween! With a busy week ahead of us in terms of central bank meetings (ECB, BoJ, and the Fed) and potential political news out of the US I have Marc Chandler on the show for

By Jody Chudley This post Buffett’s Indicator Is Calling Tops appeared first on Daily Reckoning. It’s up to you to listen. Because the indicator that Warren Buffett uses to gauge whether the S&P 500 is expensive is trying very hard to tell you something. This “Buffett-Metric” is the total market capitalization of U.S. stocks relative

By analyst Gold and gold stocks have sold off and there is a risk of further losses. However, at somepoint rising yields can push Gold higher. … …read more Source:: PRNewswire-Mining and Metals The post When Will Rising Yields Benefit Gold? appeared first on Junior Mining Analyst.

Source: Streetwise Reports 10/31/2017 As China’s central government clamps down on archaic polluting mines, Australia looks to meet surging global demand. Snap quiz: the transition metal Zirconium (Zr) can be found in a. nuclear reactors, b. prosthetic hips, c. jet engines or d. all-of-the-above. You guessed it—it’s “d.” Zirconium is an obscure do-it-all metal critical

By analyst By Frik Els On the eve of listing, Nexa Resources (TSX:NEXA, NYSE:NEXA), spun out of Brazil’s Votorantim conglomerate, lowered the price of its initial public offering to $16 per share from the previously expected range of $18–$21 per share. Nexa, a major zinc producer with five operating mines in South America, raised just

By James Rickards This post Gold vs. Bitcoin: Goldman Sachs Weighs In appeared first on Daily Reckoning. I write and speak a lot on gold. In contrast — and this surprises some people — bitcoin is my least favorite topic. I’m made my views known many times. Still, interviewers love to get into the “gold

By Jordan Roy-Byrne CMT, MFTA Over the past two years, Gold has been inversely correlated to bond yields. In a low inflation environment, falling bond yields drive real interest rates lower which benefits Gold. Conversely, rising yields are generally negative for Gold. When long-term yields exploded higher in the second half of 2016, Gold declined

By Cory Looking Ahead to a Very Busy Political and Central Bank Week Chris Temple joins me to help wrap up the markets today. It was again a relatively slow day for the markets but this week we have some potential drivers. We have three central bank meetings (ECB, BoJ, and the Fed), we also