Crude Investing News reports high dollar deals in the making for oil recently. Suncor is set to be Canada’s biggest energy company and largest industrial concern. With its greater weighting on the TSX, the beefed-up firm is likely to see early demand for its shares from index funds. It is also set to attract big investors that need [...]
Crude Investing News reports crude oil did well for about 4 days and fell on Tuesday. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year. After nose-diving from [...]
Nickel Investing News reports demand for nickel is at a 4 year low. Nickel prices have rallied as much as 14 per cent since the start of the month, but are likely to remain volatile. Analysts predict gloomy prospects for nickel, given the enduring downturn in the stainless steel market, the main consumer of nickel. [...]
Gold Investing News reports gold prices fell slightly while the dollar strengthened. According to analysts, optimistic investors read many recent commodity price gains and positive economic readings as an end to the downturn and are starting to unload safe-haven gold. What added to the melee was a firmer dollar, that also weighed on gold prices. [...]
Aluminum Investing News reports despite increases in China’s aluminum imports, aluminum fundamentals look bleak. Imports in the country are rising due to an arbitrage opportunity as Shanghai Futures Exchange aluminum is selling at a premium of $400-$500 per tonne on the London Metal Exchange. The price differential has been created as China’s State Reserve Bureau stockpiling [...]
Gold Investing News reports gold seen as a safe haven commodity and currency. The writing is clear on the wall, according to some experts. Author of Gloom, Boom & Doom report Marc Faber has said the rally in the US markets is likely to continue till April-end, but was quick to add that a total [...]
By Dave Brown – Exclusive to ResourceInvestingNews.com As the doors closed at the Metro Toronto Convention Center for the last time on the PDAC 2009 International Convention, Trade Show and Investors Exchange, the satisfied sense of completion was apparent in the emptied halls. It was almost as if another year’s worth of accomplishments and hard [...]
Nickel Investing News reports in the past year, nickel did not perform very well; in fact it is the worst performing metal. Prices will remain under pressure. Stocks are rising, and demand is dropping sharply. Analysts predict that $8,850 per tonne is a good downside target, at noon GMT Tuesday, LME three-month nickel price was [...]
Zinc Investing News reports zinc prices improved over the past two weeks. European zinc producers are preparing to make further production cuts to combat a growing supply glut and weak prices. Output has already been slashed by 10 per cent, or 1 million tonnes worldwide, with more than a quarter coming from European producers. The [...]
The Chicago Resource Expo will be held on April 24th and 25th in Rolling Meadows, Illinois. It is the oldest conference of its type in North America, and provides a unique, intimate venue of exhibitors, attendees, as well as keynote speakers. This semi annual event, started by Richard Radez back in 1977, offers investors the [...]
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