Gold N.Y. Spot $ 747.20
Silver N.Y. Spot $ 10.31
Lead LME Cash $ 0.6700
Copper LME Cash $ 1.8461
Zinc LME Cash $ 0.5193
Nickel LME Spot $ 5.46
Aluminum LME Spot $ 0.9122
Platinum N.Y. Spot [...]
November 5th, 2008 | Posted in Commodity Prices | No Comments
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 [...]
November 4th, 2008 | Posted in Commodity Prices - Steel | No Comments
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 [...]
November 4th, 2008 | Posted in Commodity Prices | No Comments
Dow Jones Newswires, 21:27 ET (01:27 GMT) 30-Oct-2008
By Elisabeth Behrmann Of DOW JONES NEWSWIRES
SYDNEY (Dow Jones)–UBS has slashed its 2009 commodity prices forecasts by an average of 37%, in line with cutting expectations for global growth to slow to 1.3% next year, from an earlier forecast of 2.2%.
That prompted considerable cuts to commodity forecasts for [...]
November 3rd, 2008 | Posted in Commodity Prices, Commodity Prices - Copper, Commodity Prices - Gold, Commodity Prices - Nickel, Commodity Prices - Oil | No Comments
Creamer Media’s Mining Weekly 30-Oct-2008
By: Martin Creamer
Gold production was “in crisis” and a gold price of $900-to-$1 000/oz was needed to arrest the downward trend, AngloGold Ashanti CEO Mark Cutifani said on Thursday.
Cutifani said that the world had seen a decline in the production of gold across the globe in the past seven years, and [...]
November 3rd, 2008 | Posted in Commodity Prices - Gold | No Comments
The Globe and Mail, p. B5 580 words 31-Oct-2008
Barrick founder says the precious metal has not behaved as expected during the financial crisis but that its time to shine is coming
By Andy Hoffman, MINING REPORTER
The global financial meltdown should have settled the long-standing debate between gold bugs who consider bullion the ultimate store of value [...]
November 3rd, 2008 | Posted in Commodity Prices - Gold | No Comments
Gold N.Y. Spot $ 763.20
Silver N.Y. Spot $ 09.86
Lead LME Cash $ 0.6940
Copper LME Cash $ 2.0049
Zinc LME Cash $ 0.5380
Nickel LME Spot $ 5.67
Aluminum LME Spot $ 0.9544
Platinum N.Y. Spot [...]
October 30th, 2008 | Posted in Commodity Prices | No Comments
Bloomberg, 14:28:56.440 GMT 27-Oct-2008
By Millie Munshi
Oct. 27 (Bloomberg) — The prospect of a “severe” recession has increased concern that demand will wane for industrial commodities, Citigroup Inc. said.
Copper and aluminum prices will slide into a “trough cycle” in 2009 as a drop in consumption creates a surplus of metals used in homes, appliances and automobiles, [...]
October 27th, 2008 | Posted in Commodity Prices - Copper, Commodity Prices - Oil | No Comments
Gold N.Y. Spot $ 729.80
Silver N.Y. Spot $ 09.00
Lead LME Cash $ 0.5466
Copper LME Cash $ 1.6715
Zinc LME Cash $ 0.4881
Nickel LME Spot $ 4.40
Aluminum LME Spot $ 0.8550
Platinum N.Y. Spot [...]
October 27th, 2008 | Posted in Commodity Prices | No Comments
Bloomberg, 18:28:11.250 GMT 24-Oct-2008
By Chris Fournier
Oct. 24 (Bloomberg) — Canada’s currency is headed for its worst monthly fall since at least 1950 and the yield on the two- year bond touched the lowest in almost two decades on speculation the economic slump will deepen and oil will decline further.
The loonie, as the currency is known [...]
October 25th, 2008 | Posted in Forex General, Forex Trading | No Comments