Philippine Bullion Report: Nickel Mine Shutdown in Isabela as demand slow-down in Electronics

Price of Gold in the world market went-down, up, down, and up before finally setting to a convincing $900 level. Silver on the other hand made a comfortable performance in the $12 level making it the best performer among the precious metals. "In this times of financial turmoil, nothing is predictable even what had been claimed as certain." a analyst commented.Local mining industry has not been spared by the brutal impact of the global financial crisis as the slow-down in demand of electronics triggered a domino effect which has now reach minor and medium scale mining companies.Plunging prices of nickel have forced a mining company in Isabela...

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