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Archive for November 4th, 2008

Forex Tips

Do not trade too short-term - If you are aiming to make less than 20 points profit, don’t undertake the trade. The spread you are trading on will make the odds against you far too high.
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Shocks for ore miners as steel demand drops

Herald Sun (Melbourne) 04-Nov-2008
Shocks for ore miners
by Stephen McMahon, with BLOOMBERG
THE Australian mining sector may be forced to radically scale back iron ore production as demand for steel crumbles due to the global slowdown.
Only days after announcing a major cut in its iron ore production levels, Brazilian mining giant Companhia Vale de Rio Doce has [...]

Commodity Prices - November 3, 2008

Gold N.Y. Spot $ 726.70
Silver N.Y. Spot $ 09.80
Lead LME Cash $ 0.6577
Copper LME Cash $ 1.7958
Zinc LME Cash $ 0.4990
Nickel LME Spot $ 5.15
Aluminum LME Spot $ 0.8913
Platinum N.Y. Spot [...]