For the past few weeks I have finally been able to share good news about potash, and now, even more signs are pointing towards a revival in the market.
The deal is for 350,000 tonnes of potash, to be shipped before the end of March. Canpotex claims that the potash is being sold at “competitive prices” [...]
Copper Investing News reports copper prices drove to a month high with positive outlook in the economy.
Additional impetus to copper’s rally came by way of dollar weakness, and data that U.S. consumer prices climbed at a slightly faster-than-expected pace in June, boosting the metal’s appeal as an inflation hedge.
Copper ignored an increase in London Metal [...]
Gold Investing News reports the US dollar’s rally has hit gold price.
The yellow metal often moves inversely to the U.S. dollar because gold is seen as an alternative to the greenback. The dollar advanced against its major rivals Friday in New York as the rally in riskier currencies broke down ahead of key policy meetings [...]
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 the [...]
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 [...]
Gas Investing News reports on oil and gas prices just after the Gustav’s passing onto the Gulf of Mexico.
NYMEX futures showed light crude taking a body blow, while natural gas seemed to largely shrug off the news. Part of this is the onset of autumn’s cooler weather and the coming demand increase for home heating [...]
Thursday, February 11, 2010
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