Gold Investing News reports gold rallying under pressure from the stock market. On Thursday, the metal broke below its 100-day moving average at $885, and sell stops were triggered. “The close below $885 could indicate more pressure to come over the next couple of sessions, with $869 the next support level. It’s seeing some technical selling,” [...]
Articles Tagged "mcmoran"
Former head of private client investing at CIBC Wood Gundy Craig Basinger is interviewed by the Ottawa Citizen and offers some forward looking opinion on a variety of markets. He likes the energy sector and says to watch for consolidations. He also likes biotech because of the aging population. While luke warm on financial services [...]
Moly Investing News reports molybdenum prices may have an upswing effect with the stimulus spending package. The market price of molybdenum oxide in the 2008 fell steeply from US $34 per pound to US$ 8.75 per pound at the end December. Speaking at the BMO Global Metals and Mining Conference on Monday, Freeport McMoRan Copper & Gold [...]
Moly Investing News reports price of molybdenum has fluctuated quite a bit over the Lunar New Year but remained at the same level. The market demand for molybdenum decreased during the Lunar New Year holiday, as purchase volumes from China were light. The price dropped; then steel mills started to strengthen their efforts to stock the [...]