Pinetree Capital (TSX:PNP) announced first quarter 2009 financial results today. Net income was $28.6 million or $0.22 per share. This compares with a loss of $0.50 per share for the same period in 2008. The majority of the gains were seen in the resource portion of the portfolio, the fair value of which grew to [...]
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 [...]
Palladium Investing News reports palladium ETF securities rise. ETF Securities said on Monday the amount of metal it holds to back its Physical Palladium exchange-traded commodity PHPD.L rose 12,628 ounces or 8 percent in the week to February 6. The ETC now holds 172,911 ounces of palladium. For complete story, click this link. Follow developments [...]
Nickel Investing News reports nickel prices are improving with the rebalancing for base metals. Now, it is one month into the year and the gains have halted. London Metal Exchange three-month nickel closed Friday at US$11,150 a metric tonne, down 8 per cent on the week, and off 17 per cent since the start of [...]
Copper Investing News reports copper prices are low though Analysts say in the long term copper will be bullish. When the economic environment improves, investors will select profitable markets to invest in. The copper market considered by many to host the most profit potential of the base metals. Despite growing stockpiles, China requires more copper than its [...]
Crude Investing News reports the resurgence of oil futures and it is close to US$120s. Two competing theories have been presented. It is argued that the American government’s massive reaction to the financial sector crises has restored confidence and allayed existing fears of further demand destruction and recession. To my mind, the more persuasive theory [...]
Palladium Investing News reports palladium values in the world market have been affected by the auto market. Palladium and platinum are used in catalytic converters and other auto parts: the demand for the precious metals is slackening as a result of higher gas and oil prices. Palladium spot prices now rest at a three-year low, and [...]
GoldInvestingNews reports gold had a good week as spot price for the precious metal was at US$822.90 per troy ounce at Friday’s close. Although the price was down slightly on the day, it still represented the biggest gain for gold in a one week period since November 23, 2007. For complete story, click this link. Follow developments in resource mining [...]
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