Silver’s role as precious metal really came to the forefront this year, but its industrial role will be what carries gains in 2010. Silver is a part of the “reflation” or recovery trade, says Michael Lewis, commodities analyst at Deutsche Bank AG.
On Monday, silver and gold got a pick-me-up as the markets let out a [...]
Gold Investing News reports gold price surged as the Feds’ latest policy easing measures were announced.
Gold rose 6 per cent in a day and continued upwards, as investors flocked to what is called “a safe haven” by Nicholas Brooks, the head of research and investment strategy at ETF Securities.
“There is the view that this is the [...]
Silver Investing News reports silver price soaring with Feds’ recent announcement on policy easing measures.
After taking a dive earlier this week as confidence rushed into the equities market, the silver price rallied to a three-week high, up 12.7 per cent to $13.44/oz on the COMEX on Thursday morning, out-performing gold.
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Nickel Investing News reports nickel price had minimum effect with the Federal Reserves rate cut.
On India’s Multi Commodities Exchange (MCX), Nickel December 2008 contract opened at Rs 475.90 per kg as compared to its earlier closing of Rs 481, tossed in the range of Rs 467.10-485.90 and was last traded at Rs 475.90, down 1.06 per [...]
Copper Investing News reports copper prices jumped 13% on the London Metal Exchange.
On Thursday, copper lost some footing, retreating almost 5 per cent in early trading as rising London Metal Exchange stocks halted this week’s short-covering rally. London Metal Exchange copper warehouse stocks increased by 1,750 tonnes to 217,300 tonnes on Wednesday. COMEX copper stocks [...]
Tuesday, December 15, 2009
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