Tin Investing News reports tin prices could have a short term rally in the near future.
Manufacturers worldwide were seen building up inventories to take advantage of the current weak US dollar, traders said. The weak greenback makes commodities attractive as a hedge against inflation. It makes purchases affordable for China and India, the two key [...]
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 a peak [...]
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Gas Investing News reports natural gas futures is still sliding below the $7.00 mark on the NYMEX.
Money quote:
From the bull market high of 470 in June this year, the index has fallen 40 per cent. That puts this energy bear market in a league with the index’s worst bear market declines, in 1998, 1986, and [...]
Gas Investing News reports prices of natural gas had a mild rebound after a bashing with the stall in the US bail-out plan in the past few days.
Through this lens, it is apparent that Tuesday and Wednesday’s rebounds are the product of the “dead cat bounce”. This rather morbid but splendidly explanatory term indicates that a rapid drop [...]
Thursday, June 4, 2009
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