One of the major caveats related to gold mining and gold prices has been the rising cost of production. Higher labor costs, higher energy costs, and lower grade ores have all contributed…
The CME Group Inc. (NYSE: CME) has announced changes to its margin requirements for a number of commodities. The changes, some increases and some decreases, cover a variety of oil-related contracts, gold,…
The failure of the European Central Bank and the International Monetary Fund to reach an agreement on a second bailout package for Greece, combined with a variety of other poor economic news,…
Consulting firm Pricewaterhouse Coopers has released its annual review of the mining industry, claiming that “the financial results for the Top 40 were spectacular.” That’s pretty hard to argue with, given a…
Less than two weeks ago we were given an exclusive interview with Tom Winmill of the Midas Fund (NASDAQ: MIDSX). Winmill told us he believes that gold will reach $1,700/ounce in 2011 and…
Today’s commodities news is all about the effect of a stronger dollar on commodities prices. Cotton prices, which rose almost non-stop beginning in August 2010, could be moderating and giving a break…
A respected gold fund manager still sees gold going to $1,700.00 this year, with a likely year-end price around $1,600.00 per ounce. 24/7 Wall St. got a chance to interview Tom Winmill,…
Commodities have sold off. You already knew that. What has been seen in the precious metals complex looks a lot like what happened in the oil boom of 2007 to 2008, and…
Jon OggWe have already seen (some) of the position changes of Warren Buffett, but the old guy wouldn’t share many ‘confidential positions’ so we are whale watching in other ponds. We wanted to…
Today’s commodities news is not quite a repeat of yesterday’s because oil is staying essentially flat and yesterday’s commodities sell-off is not being repeated. Wheat prices, however are continuing to fall, as…
Silver and gold, and oil and other commodities, are heading south all over again this morning. Whether you want to blame reports of higher prices or a slowing of global growth is…
Last week’s monumental drop in silver and the overall drop in commodities last week has some Monday morning buyers trying to find a bottom as new margin requirements kick in. Comes Gold…
The big Greek rumors are already being refuted today, but it doesn’t matter. Friday’s big rumor is that Greece will leave the Eurozone. Our prediction: this rumor is not true now, but…
Vale SA (NYSE: VALE), one of the world’s leading producers of iron ore posted record profit in the first quarter of $6.8 billion. Even discounting a one-time gain on the sale of…
The sell-off in shiny metals leads off today’s commodities news. We also note new data that shows the US is a net exporter of oil for the first time in 20 years…
