Monday, August 15, 2016

BHP may seek more JVs, warns on sluggish recovery

October 29, 2009 by · Leave a Comment 

Miner BHP Billiton is considering more joint ventures like its 50:50 iron-ore deal with Rio Tinto as it seeks to increase production while keeping costs under control. BHP’s stance as the world’s biggest mining company means takeovers would be rare since it is only seeking huge assets, CE Marius Kloppers told the group’s annual meeting [...]

Weekly Market Recap 10/23/09

October 24, 2009 by · Leave a Comment 

ScotiaMocatta, the precious metals division of the Bank of Nova Scotia, said on Thursday that gold prices could rise to a high of $1,400 an ounce in 2010 as investors turn to the metal as a store of wealth, as reported to Reuters. The unemployment rate has been increasing at an alarming rate, yet the [...]

Gold Bullion Investment

October 22, 2009 by · Leave a Comment 

It’s becoming painfully evident to more and more investors that resisting an economic trend is like trying to sweep back the ocean with a broom, and these investors are liquidating their paper assets in stocks and bonds, and converting that wealth into a gold bullion investment. You may notice that fewer and fewer so-called “economic [...]

Lonmin relocates HQ to SA, CEO expects platinum deficit in 2011

October 22, 2009 by · Leave a Comment 

Platinum demand levels were gradually improving and a slow firming in the platinum price could be seen, but no quick rebound was expected, Lonmin CEO Ian Farmer said on Thursday. Farmer told Mining Weekly Online that the worst was behind the platinum industry and that there was a gradually improving trend in demand for the [...]

US Hyperinflation?

October 20, 2009 by · Leave a Comment 

The Daily Reckoning The finance ministers of the Eurozone met yesterday and they’ve tried to stem the euro’s (EUR) rise… But they’ll need more than words to get the job done! And so we begin a new day… Front and center this morning, the currencies – which had given background overnight to the dollar – [...]

Gold edges higher as dollar weakens against euro

October 19, 2009 by · Leave a Comment 

By Moming Zhou, MarketWatch NEW YORK (MarketWatch) — Gold futures rose on Monday, as investors embraced more risk, pressuring the dollar, lifting stocks and helping crude-oil futures test new highs for the year above $79 a barrel. Copper also gained more than 4% before giving back some gains after China estimated that its economy grew [...]

Gold, Silver Decline; Stocks Slightly Higher

October 16, 2009 by · Leave a Comment 

New York gold futures lost ground Thursday as the yellow metal moved further away from an all-time high as the US dollar rebounded. Silver and platinum also declined. In other markets, crude oil rallied to a one-year high on news of a decline in gasoline inventories and US stocks rose modestly. New York precious metals [...]

Gold, Silver, Metal Prices: Commentary (10/16/2009)

October 16, 2009 by · Leave a Comment 

Rich Gold Now Sold (By, And To, The Rich) Good Day, A second day of falling prices in gold was once again, brought to you courtesy of a strengthening dollar. Initial support at $1048 was once again breached early this morning, precipitated by a gain of 0.35 in the USD on the index (now at [...]


October 12, 2009 by · Leave a Comment 

Oct. 12 (Bloomberg) — Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Policy makers boosted foreign currency holdings by $413 billion last quarter, the most since at least 2003, to $7.3 trillion, according [...]

Aluminum May Outperform Copper

October 10, 2009 by · Leave a Comment 

Marc Courtenay submits: The Royal Bank of Scotland (NYSE:RBS) has released its latest Commodity Companion, covering base and precious metals, iron and the energy complex. Among the major conclusions are the belief that copper will make new record highs by 2013, but that from current prices aluminium may well have the greatest longer term upside. [...]

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