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, [...]
Continue reading "Gold exceeds platinum in value"
Wednesday, December 17, 2008
Palladium Investing News reports palladium price rebounded on Monday’s trading to more than 5%. Palladium hit $176.50 per ounce as technical buying emerged after demand worries stemming from an ambiguous auto industry vote hit platinum group metals on Friday. Platinum and palladium traders are still awaiting the outcome of a new vote; anticipated to come through [...]
Continue reading "Palladium in limbo over auto bailout"
Tuesday, December 16, 2008
Gold Investing News reports gold prices jumped slightly as the dollar fell. Gold reached platinum prices, with both platinum and palladium falling on Friday in line with other commodities, following the collapse of a mooted deal to rescue ailing U.S. carmakers that knocked investors’ confidence. On Thursday night, a $14 billion bailout deal designed to aid the [...]
Continue reading "Gold jumps, shares rev up"
Thursday, December 4, 2008
Nickel Investing News reports nickel prices fell as producers have to delay their projects. So far, in 2008, and extending into 2009, mines in Australia, Canada, Finland, Africa and Asia have cut output by approximately 49,500 tonnes; smelters will process 54,000 fewer tonnes. In addition, many companies that had planned expansions based on higher prices have been forced [...]
Continue reading "Nickel industry faces delays"
Wednesday, December 3, 2008
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 [...]
Continue reading "Gold, oil crisis, and Obama’s support"
Wednesday, December 3, 2008
Platinum Investing News reports platinum price slipped down to 8.8 per cent from $871.50 an ounce late on Friday. Platinum is trading at its lowest price relative to gold in about 11 years. Moving forward, there is some optimism that with everyone cutting their output and work force, shrinking supply may rebound prices. Poor economic conditions for platinum [...]
Continue reading "Greenback’s gain triggers precious metals sell-off"
Wednesday, December 3, 2008
Palladium Investing News reports palladium prices are expected to fall next year. This is tough news, considering how much of a price decline the metals have already witnessed in 2008. How much more of a hit will palladium take? For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The [...]
Continue reading "Extended downside expected for palladium"
Wednesday, November 19, 2008
Platinum Investing News reports platinum has been falling due to the poor economy. Platinum refiner Johnson Matthey expects the price of platinum to range between $700/oz and $1,400/oz in the next six months, with the outlook for the market more uncertain than it has been for many years. “The dramatic fall in the platinum price in [...]
Continue reading "Wall St. woes hit platinum"
Wednesday, November 19, 2008
Palladium Investing News reports palladium price has been hit hard with the poor economy. With bleak economic prospects on the horizon, over the next six months, prices of precious metal palladium will likely be near 12-year lows of $125 an ounce. The world’s top platinum refiner Johnson Matthey estimated in an interim review that the palladium [...]
Continue reading "Poor economy downplays fundamentally stable Palladium"
Tuesday, November 18, 2008
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 [...]
Continue reading "Crude tumbles, gold slips, demand surges"
Below is a list of the sites in the Resource Investing network:
For an overview of oil and gas news, please see OilandGasInvestingNews.com
ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry. Also, check for profiles of companies doing great things to improve mining best practices.
For upcoming resource investing trade shows, see the following links: Cambridgehouse, IIC
The Resource Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
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Wednesday, December 17, 2008
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