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| Platinum Tipped For Rally Next Year | | By Charlotte Mathews, 24 Nov 2008, 10:02 AM | | Market forecasters remain confident of a recovery in the platinum price to more than $1,000/oz next year despite wild gyrations in the price in the past week after good and bad news. |
| ERPM Hovering On The Brink Of Closure Again | | By Charlotte Mathews, 24 Nov 2008, 10:06 AM | | The decision to stop all underground operations at DRDGold's East Rand Proprietary Mines (ERPM) is more than just the potential death knell of a 111-year-old mine and the loss of almost 2,000 jobs. |
| Raiders Of The Last Armory | | By Jon Nadler, Senior Analyst, Kitco Bullion Dealers, 24 Nov 2008, 09:03 AM | | The U.S. government rolled out the Big Rescue Gun once again over the weekend, and shot one giant life-preserver into the stormy waters in which Citigroup had all but disappeared. Last week's management posturing and refusal to break up the carcass vanished fairly fast, as $306 billion in loan guarantees and another $20 billion in direct, open-heart massage was seen as preferable. |
| Steel Prices Tumble On Mine, Factory Slowdown | | By Mathabo le Roux, 24 Nov 2008, 09:09 AM | | ArcelorMittal SA will slash steel prices for a third month running next month as demand plunges because of the global economic downturn. The latest drop brings steel price cuts since the start of the quarter to more than 25%. |
| Let Banks Be Banks, Let Investors Be Investors | | By Alberto Giovannini, 24 Nov 2008, 10:23 AM | | Simplicity and transparency, two major causalities of recent financial market changes, are essential to restoring trust in financial markets. This article suggests that distinguishing two types of financial intermediaries - client servicers and capital managers - would be a big step in the right direction. Today's lack of distinction means one set of regulations is applied to the two very different functions. |
| Africa Should Not Expect Too Much From Obama | | By Sarah Hudleston, 24 Nov 2008, 09:20 AM | | Despite the euphoria in Africa over the election of Barack Obama as president of the U.S. earlier this month, his achievement is unlikely to translate into a direct benefit for the continent. |
| Slowdown Boosts Chance Of Rates Reprieve | | By Mariam Isa, 24 Nov 2008, 09:15 AM | | A raft of crucial economic data this week will back the case for an early interest rate cut, although most analysts believe speculation of a reduction next month is premature. |
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