Platinum to Gold ratio has a brief but clear history as a leading indicator for Gold.
Around major bottoms in precious metals, Platinum tends to outperform and lead Gold. Since February Platinum has strongly outperformed Gold while registering an important positive divergence.
Stock Market News
Investment in Mining Rising Significantly: $6 Billion Ready to be Invested
Fundraising by unlisted funds for investment in natural resource reached a record $93 billion last year, and is likely to top $100 billion as more data becomes available. Unlisted funds raised $2.5 billion for investment in mining last year vs $700 million to buy farmland.
First Mining Announces Improvement in the Indicated Resource at Goldlund
First Mining Gold (TSX: FF) has updated the resource estimate at its Goldlund gold project in northwestern Ontario. The company added 248,700 oz. gold to its indicated resource but lost 628,400 oz. gold from its inferred resource. The project now contains 12.8 million indicated tonnes grading 1.96 grams gold for 809,200 oz. gold. It previously […]
Rubicon Minerals Boosts Measured and Indicated Resources at Phoenix by 110%
Rubicon Minerals (TSX: RMX) has increased measured and indicated resources by 110% to 589,000 oz. gold compared with the earlier estimate of 281,000 oz. gold. Rubicon Minerals company has started a preliminary economic assessment which it expects to complete by year-end.
Global Exploration Snapshot: The Americas, West Africa and Australasia remain popular
A look at eight majors and juniors exploring for gold worldwide including Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF), Nexus Gold (TSXV: NXS; US-OTC: NXXGF), OceanaGold (TSX: OGC; US-OTC: OCANF), Yamana Gold (TSX: YRI; NYSE: AUY), and Barrick Gold (TSX: ABX; NYSE: GOLD).