AP News | 2009-06-22 16:47:46
Anglo American shares rise after rival miner
Xstrata suggests merger
Shares in mining company Anglo American PLC jumped nearly 5 percent on Monday after Anglo-Swiss rival Xstrata PLC made a preliminary approach seeking a merger. Xstrata's shares dropped almost 7 percent. Anglo American confirmed the move made by Xstrata over the weekend, saying the "situation is at a very preliminary stage and there is no certainty that a transaction will be forthcoming." Xstrata, which last year failed in a bid to take over another rival, Lonmin PLC, said on ...
Stockhouse | 2009-06-20 16:01:51
Metal should do well in the short and long term
Two weeks ago precious metals were as hot as ever. Gold prices were climbing. Gold stocks were doing even better. And silver prices were leading the way.
The old adage, “when gold climbs, silver soars” was playing out perfectly. Gold booked its biggest monthly gain since November. Silver, however, climbed past $15 per ounce and had its biggest monthly climb in 22 years according to MarketWatch.
Silver was showing its value as a dual-purpose commodity.
As an industrial metal, silver ...
Stockhouse | 2009-06-15 16:01:49
Analyst reveals why he is so high on
Mexico'Silver and gold, silver and gold '. . . what to invest in—silver or gold? Investors on either side of this long-running debate are passionate about their precious metal of choice. But are they looking—or listening—to the right indicators? In this exclusive interview with The Gold Report, Mike Kachanovsky, aka 'Mexico Mike' from his Investor's Digest of Canada column, discusses historical changes in the gold-to-silver price ratio, shrinking supply. . .and what to buy.
[Editor’s Note: Please click here for ...
Stockhouse | 2009-06-08 16:01:54
Many reasons to choose smaller companies versus larger and mid-size producers
[Editor’s note: the following article first appeared on the website Bullion Bulls Canada on May 27.]
In “Part I” of this series, I provided a basic overview of what separates gold and silver from all other commodities, why gold and silver are so attractive today, and dispelled the popular myth that “bullion-ETF's” are the same as owning real, “physical” bullion. In Part II, I will explain why the potential profits from investing in gold and silver miners ...
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