SINGAPORE, Dec 12- London copper struck its highest in a month on Thursday, extending its winning streak into a fifth session as worries about an export halt from the world's fifth biggest copper mine in Indonesia fuelled supply concerns.» Read More
Barrick Gold Corp. fell$. 49 or 2.9 percent, to $16.38. Gold Fields Ltd ADS fell$. 02 or. 5 percent, to $3.63. Newmont Mining Corp. fell$. 71 or 2.9 percent, to $23.47.
David McAlvany, CEO of the McAlvany Financial Group, says gold may recover soon with $1,200 being the lows put in this year.
NEW YORK-- Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 28 or 1.7 percent, to $16.59. Newmont Mining Corp. fell$. 32 or 1.3 percent, to $23.86.
Hecla Mining Co. fell$. 08 or 2.7 percent, to $2.86. Pan American Silver Corp. fell$. 19 or 1.7 percent, to $11.01. Silver Standard Resources Inc. fell$. 17 or 2.7 percent, to $6.24.
Arch Coal fell$. 05 or 1.1 percent, to $4.40. Consol Energy Inc. fell$. 83 or 2.2 percent, to $37.10. Peabody Energy fell$. 40 or 2.1 percent, to $18.66.
LONDON/ SINGAPORE, Dec 11- Recent declines in European and Asian steel prices are not likely to derail a modest market recovery over the past five months, but instead these prices are expected to rise to narrow the gap with higher U.S. levels.
Arch Coal rose$. 03 or. 7 percent, to $4.48. Consol Energy Inc. fell$. 21 or. 6 percent, to $37.72. Peabody Energy fell$. 07 or. 4 percent, to $18.99.
NEW YORK-- Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 16 or. 9 percent, to $16.71. Newmont Mining Corp. fell$. 17 or. 7 percent, to $24.01.
Pan American Silver Corp. fell$. 06 or. 5 percent, to $11.13. Silver Standard Resources Inc. fell$. 04 or. 6 percent, to $6.37. Silver Wheaton fell$. 19 or. 9 percent, to $20.87.
Dec 11- Mining equipment maker Joy Global Inc forecast 2014 earnings below analysts' estimates after reporting a quarterly profit that fell short of expectations as miners cut spending. Coal miners, who account for about two-thirds of Joy Global's revenue, have cut back on buying equipment as they struggle with a supply glut and weak prices.
*Gold rally fades after move to cover short positions. LONDON, Dec 11- Gold prices slipped on Wednesday, after three days of gains as short-sellers rushed to cover bets on sharp price falls, as a tentative U.S. budget deal returned the focus to prospects for the Federal Reserve to curb monetary stimulus.
Dec 11- Mining equipment maker Joy Global Inc reported an 87 percent fall in quarterly profit as it took a big charge and coal miners cut spending due to a supply glut and weak prices. Joy Global derives about two-thirds of its revenue from sales to coal miners. Excluding these items, Joy Global earned $1.11 per share.
HONG KONG, Dec 11- China shares sank to their lowest in more than a week early Wednesday, weighing on Hong Kong markets, as coal producers slid after the country's top economic planner said its use will be curbed to combat pollution.
*Gold eases after 3- day rally. SINGAPORE, Dec 11- Gold snapped a three-day winning streak on Wednesday but was well-supported near a three-week high, boosted by short-covering and weakness in the dollar. However, it depends on whether it can hold support at $1,250 and the Fed meeting next week, "said a Hong Kong- based precious metals trader.
Paul Trainor, Senior Portfolio Manager at Macquarie Private Portfolio Management says investors should be careful before jumping into the stock, despite a 30% fall over the past two days.
SINGAPORE, Dec 11- London copper was buoyed near one month highs on Wednesday, stretching gains into a fourth session, underpinned by a weaker dollar against the euro and steady buying from top consumer China.
Barrick Gold Corp. rose$. 87 or 5.4 percent, to $16.87. Gold Fields Ltd ADS rose$. 11 or 3.1 percent, to $3.65. Newmont Mining Corp. rose$. 58 or 2.5 percent, to $24.18.
Hecla Mining Co. rose$. 06 or 2.1 percent, to $2.94. Pan American Silver Corp. rose$. 55 or 5.2 percent, to $11.19. Silver Standard Resources Inc. rose$. 38 or 6.3 percent, to $6.41.
Arch Coal fell$. 10 or 2.2 percent, to $4.45. Consol Energy Inc. rose$. 83 or 2.2 percent, to $37.93. Peabody Energy fell$. 02 or. 1 percent, to $19.06.
*To focus spending on Australia, US, Trinidad and Tobago. LONDON, Dec 10- BHP Billiton, the world's largest miner and a top investor in U.S. onshore oil and gas, said on Tuesday its U.S. shale business should generate cash from 2016, contributing almost $3 billion a year to the group by the end of the decade.