Potash – Vale SA (NYSE:VALE), a Brazilian mining company, announced that it will postpone projects int he conceptual phase due to the economic climate.
Articles Tagged "economy"
World stocks took a hit on Thursday following the Fed's announcement of Operation Twist and unfavorable economic data from the Eurozone.
Gold – Expected Returns announces that austerity and the worldwide debt crisis we are now experiencing is belied by the 2011 budget.
Gold – If the “doom and gloom” predictions of the global economy’s future do come to fruition, many analysts predict the value of gold will continue on its long-term upward trend, topping $2000 US per ounce in the next couple of years. “It is not unreasonable with all the issues – the sovereign debt, municipal debt, huge trade deficits, and the cost of carrying – that gold will hit $1600 an ounce this year and $2000 an ounce in the next one to three years,” said Wayne Atwell, Managing Director at Casimir Capital.
Gold – Bloomberg reports that Gold fell for the third straight day on mounting speculation that an improving economy will cut demand for the metal as a haven.
Copper – Bloomberg reports that Copper prices rose, extending a rally to a record approaching $4.50 a pound.
Gold – Northland Resources S.A. (TSE:NAU) files an Exploitation (Mining) Concession application to the Finnish Ministry of Employment and the Economy for the Hannukainen iron Oxide-Copper-Gold project.
Copper – Businessweek reports that Copper climbed to a record in London on speculation economic growth next year.
Gold – Bloomberg reports that Gold rose the most in a month after the dollar’s retreat boosted demand for the precious metal as an alternative investment.
Gold – The Hindu.com reports that Gold is losing its respect as the default and fail-safe asset class and becoming a speculative instrument.