Gold Silver Reports — Sibanye Gold Ltd. appointed heads for its platinum, gold and coal businesses as the South African company restructures after expanding into these commodities through acquisitions.
Wayne Robinson has been named chief executive officer of the gold and uranium unit, while Jean Nel was appointed CEO of platinum, Sibanye said in a statement Monday.
Gold Silver Reports — Gold prices rose to their highest in almost three weeks on Monday, setting the market on course towards $1,300 an ounce, drawing confidence from continued ultra-low interestrates.
Gold Silver Reports — U.S. equities fell, erasing gains as what is forecast to be the worst American earnings season since the financial crisis gets under way. The dollar tumbled to a nine-month low, boosting commodity prices.
Gold Silver Reports – Investors of the best performer among 2,600 U.S. funds, not even a 46% return this year is enough to persuade them to hang tight. Market Vectors Gold Miners ETF.
Gold Silver Reports ~ If you had to make a bet on how Canada’s economy was going to fare in the future, you’d be better off putting your money on private-sector economists’ predictions than the forecasts of the federal government.
Gold Silver Reports ~ A jewelers’ strike in India, the world’s biggest gold consumer after China, to oppose a proposed excise tax has extended into its 3rd week as the industry intensified protests by conducting rallies Thursday in the capital, New Delhi, India.
Gold Silver Reports ~ European markets are trading higher today owing to less than expected gain in oil stocks. Asian markets are trading mixed and the US stock futures are trading in the green.
Gold Silver Reports – As Venezuela grows closer to exhausting nearly every means of paying its debt, some oil market participants are seriously pondering the possible implications of an unprecedented event: the default of a major crude producing company.
Gold Silver Reports ~ Indian equity-index futures advanced, with the benchmark stock gauge heading for its third weekly loss in four weeks before the federal budget on Monday.
Gold Silver Reports ~ In earnings news, Facebook (FB) shares just shot up 8% in after-hours trading after the giant social network said it earned 79 cents a share on revenue of $5.84 billion in Q4 2015, easily topping Wall Street estimates of 69 cents a share.