Silver – On Wednesday silver fell below the $30 per ounce mark for the first time since October. While some modest gains were made on Thursday, there is a real possibility that silver will be a net loss over 2011. Analysts stress to stay focused on the Eurozone and Dollar Index.
Commodities are gaining ground as Italy and Greece exert political leadership to get their finances under control. But worries about risks remain.
Dubai’s debt problems are weighing heavily on the global bourses, given that it has its fingers in so many pies. Many insist the scenario is very similar to when Lehman Brothers collapsed, and Dubai’s problems could well be the catalyst for the market to fall further. For gold, caught in the maelstrom and getting whipped [...]
Crude Investing News reports oil prices sliding and peaking at various periods. Oil prices soared higher on the prospects of a rebound in energy demand. “The market thinks the worse is behind us and that we’re heading toward recovery at the end of the year, early next year,” Fitzpatrick said. Spreading worldwide recession has ravaged [...]
Coal Investing News reports coal sees a brighter light with spring contract supply negotiations. While the result is less than half of fiscal 2008’s record price of $300 a tonne, it still points to one of the best years ever for coking coal prices and implies that Canadian coking coal producers could enjoy a better [...]
Copper Investing News reports copper markets rallied this year and most of the gains took place in March 2009. Copper’s first impetus in the New Year came from steady withdrawals in London warehouse supply and increased purchases by China’s State Reserve Bureau. The latest gains were fuelled by the better-than-expected U.S. durable goods report. “The [...]
Diamond Investing News reports diamond prices are set by supply and demand as well as emotions. Market sentiment directs prices by inciting dealer’s actions. If dealers think that values are going to go up, they buy at higher prices. If they think values are going to go down, they sell at lower prices or hold. The [...]
Gold Investing News reports gold prices fell slightly with the huge US stimulus package. Gold fell for a third straight day after US policy makers reassured investors that the economy would recover from the recession. “People have been buying gold on economic Armageddon, so to see Obama and Bernanke paint a rosier picture, I’m not [...]
Diamond Investing News reports weaker demand for diamonds around the globe. U.S. polished diamond imports hit a three-year low in November 2008, dropping 37 per cent to US$1.1 billion and decreasing 45 per cent by volume to a record low of 665,361 carats. Polished exports fell 17 per cent to $975 million in November and [...]
Gold Investing News reports spot gold slipped a further 1% today. The dollar climbed overnight as investors took heart from U.S. Congress’ headway on a $825 billion stimulus package. U.S. President Barack Obama’s plan cleared its first Congressional hurdle, passing through the House of Representatives, as the Federal Reserve eyed more extreme measures to ease [...]
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