Friday, September 28, 2012

South African Strikes Halt 39% of Nation’s Gold Output

When some South African platinum mine workers went on strike, I predicted other platinum mine workers would follow suit, shutting down the mines.  I also predicted the strikes would spread to gold mines.  Both predictions materialized, and while some of the platinum mines have returned to operation, it is the gold mines that are now shutting down.  This has been another catalyst for higher gold prices.

http://www.bloomberg.com/news/2012-09-26/anglogold-operations-halted-in-south-africa-as-strikes-spread.html

No comments:

Post a Comment