Diamond Investing News reports diamond has its sparkle back.
With the discovery of a 507.55 carat white diamond at the Cullinan Diamond Mine, South Africa, the chicken egg-sized stone has opened up new vistas for the diamond sector.
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Coal Investing News reports coal stocks in the US have been doing well.
Shares in Indonesia’s biggest coal producer, PT Bumi Resources Tbk (BUMI.JK), jumped by as much as 8.4 per cent on Monday on news that China had placed orders to buy 8 million tonnes of coal from it in 2009. “Eight million tonnes is [...]
Crude Investing News reports crude price fell about 40 cents this week.
Weak crude demand and rising inventories have kept prices from rising higher. Storage facilities for crude oil in the U.S. have been swelling since the end of February, bloating to a nearly 19-year high last week. The signs were clear though. U.S. fuel consumption [...]
Crude Investing News reports investors see sign of economic growth with higher oil prices.
“It is almost as if the market wants to see oil rally,” says Phil Flynn, senior market analyst at Alaron Trading, a commodities trading firm, because of its status as a bellwether for the market. “Short term, the market is hoping for [...]
Moly Investing News reports price of molybdenum has fluctuated quite a bit over the Lunar New Year but remained at the same level.
The market demand for molybdenum decreased during the Lunar New Year holiday, as purchase volumes from China were light. The price dropped; then steel mills started to strengthen their efforts to stock the products [...]
Lead Investing News reports lead prices remain unchanged since the crash of the commodity markets in 2008.
Even though the commodity crash did not affect lead prices until the spring of 2008, the world market exhibited waning demand as early as January. The market was in an 8,000 metric tonne surplus between January and November 2008, according to [...]
Gold Investing News reports gold markets did not seem to improve despite the Democrats, President-elect Obama won the recent elections.
Obama has proposed a $175 billion package. Analysts predict that gold may test $800-$805 after recent volatility, given the prospect of an improved economy. All of this may boost gold prices in the long-term, as demand [...]
Friday, October 2, 2009
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