PI Financial mining analyst Christos Doulis says six years ago when the financial crisis was in full swing, safe-haven buying made gold skyrocket. Today, the fear component is down, as is the price of gold.
Christos Doulis travels the world for Stonecap Securities looking for mining companies that can contain costs; companies that can't contain costs because of rising labor and energy bills are not profiting from higher gold prices.
Labor problems and low prices have platinum mines closing in South Africa, and potential for acquisitions ripening. Analysts George Topping and Michael Scoon of Stifel Nicolaus discuss supply trends for platinum group metals as well as iron ore and other commodities.