BHP announced yesterday it was cutting six thousand jobs globally. It will shut down the nickel operation at the Ravensthorpe mine indefinitely and reducing production at the Mt. Keith Nickel mine. What’s more, it will reduce coking coal production by 15% in Queensland and lay off 1,000 workers. BHP is the world’s largest producer of coking coal, so this tell you how much the global demand for steel has fallen off…
January 22nd, 2009 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "gold ETF"
Gold ETFs Aren’t Looking as Good as They Used to Be
Many years ago, we bought gold coins. These we hid in various places. No problem. But after a while, it seemed so much simpler to buy the ETF!
September 24th, 2008 | Bill Bonner | 0 comments | Continued