Just a week after the New York hedge-fund, Casablanca Capital, won its intense proxy fight over the $2.7 billion Cliffs Natural Resources (CLF:NYSE), another New York based fund has sent a warning to Madalena Energy’s management this morning. In a powerful yet to the point press release this morning, Joshua Silverman of Iroquois Capital Management, LLC… Continue Reading
Despite ongoing tensions in the Ukraine and Gaza, gold fell below the psychological barrier of $1,300 per ounce on Thursday following improved U.S. economic reports showing better employment, Consumer Price Index, and housing data. In other news, platinum, palladium, and silver all fell slightly, finishing at $1,477 per ounce platinum, $879 per ounce palladium and… Continue Reading
This week proved to be a tumultuous one with increasing turmoil in Israel, further sanctions against Russia and a passenger jetliner shot out of the sky over Ukraine making global markets jittery. In response to these events, gold rose above $1,300 per ounce after an early-week price plunge following Janet Yellen speech early in the week.… Continue Reading
Gold Stays in the Headlights as US Equities Soften After Long Weekend US equities enjoyed a negative week, after the country came out of the July 4th long weekend with the Dow Jones Industrial trailing down for the record high last Friday to close a week later at 16,944. Gold has maintained is polish as… Continue Reading
Gold Bounces As US Equities Hit New Highs on Better Jobs Data Gold jumped to above $1,330 per ounce early in the week on softer than expected US economic data and the retraction of the ceasefire between the Ukrainian government and pro-Russian separatists, but the commodity softened to around $1,321 per ounce later in the… Continue Reading
