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Tag Archive | "oil"

Spot price slips as year-end sellers look to woo tapped out buyers

Wednesday, December 31, 2008

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Uranium Investing News and u308.biz report spot price of uranium slips with very little activity as the year 2008 ends. Analysts say the market is up because most of the selling is done for the year and that investors will have to wait a week or so if they are after high market activity, since no [...]

Gold exceeds platinum in value

Wednesday, December 17, 2008

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Platinum Investing News reports platinum price falls to a value of 45%. As investors have fled the platinum market, they have flocked to gold as a safe haven. Last Thursday, the momentous occasion of gold surpassing platinum occurred as gold purchases gained extra impetus as the U.S. dollar tumbled and oil rallied. Platinum demand has been fundamentally, [...]

Job losses drag gold down, oil retreats

Monday, December 8, 2008

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Gold Investing News reports further drops in oil and job cuts have led to lower gold prices in the recent week. New York gold futures fell sharply to close just above $750 an ounce, ending the week more than 8 per cent lower as the bleak US jobs report triggered wholesale liquidation of assets across the [...]

Gold, oil crisis, and Obama’s support

Wednesday, December 3, 2008

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Gold Investing News reports gold futures were lower with falling oil prices and firm US dollar and the need for President-Elect, Obama’s support in the recent India’s terror attacks. The ‘right’ trade on the India attacks would be two-fold: long gold, short oil. Oil could suffer because the attacks could impair growth in India. As the Indian [...]

Crude tumbles, gold slips, demand surges

Tuesday, November 18, 2008

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Gold Investing News reports gold price have dipped to its lowest since September 2007. An adviser to President Mahmoud Ahmadinejad was quoted by Reuters as saying, “With the plans of the presidency…the country’s money reserves were changed into gold, so that we wouldn’t be faced with many problems in the future.” Before oil prices plunged 60 per [...]

Benchmark:South of US$60

Wednesday, November 12, 2008

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Crude Investing News reports oil prices falling due to the strengthening of the US dollar though the global outlook is grim. Governments, companies and investors think a prolonged recession or period of low growth is in the offing, and everyone should take note. Keep in mind though that canned food and guns are among the few investments that will [...]

Upgrader:Harper’s gambit

Friday, November 7, 2008

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Heavy Oil Investing News reports low oil prices and a tight credit market, the outlook for heavy oil and oil sands are pretty grim. Indeed, Bloomberg is reporting that Jacobs Engineering Group Inc (NYSE:JEC) predicts a decrease of US$40 billion worth of oil sands-related projects, from US$120 billion to US$80 billion, largely due to reduced prices. For complete story, [...]

What is ahead for Platinum?

Wednesday, November 5, 2008

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Platinum Investing News reports platinum prices did not perform well with the current market turmoil. As turmoil roils the global financial system, platinum has been hit hard as the economy slows and investor confidence weakens.  If the global economy continues its downward spiral it is highly likely that we will witness further downside in the metal’s [...]

And they all fall down..

Tuesday, November 4, 2008

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Gold Investing News reports gold prices have fallen with the stock markets rallying. Gold fell for the second day in Asia, extending a monthly drop that may become the worst in more than 25 years. The reasons being cited - a stronger dollar and decline in crude oil.  For complete story, click this link. Follow developments in [...]

Benchmark: Things fall apart?

Tuesday, November 4, 2008

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Crude Investing News reports instability in the financial markets causing crude prices to fall and the American Elections underway. Along with OPEC production cuts and healthy company numbers, (both discussed below) the market is clearly disjointed. The tenor of discussions in the business pages and networks lately suggests that Yeats was right, and the centre cannot hold. [...]

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