Hello finance peeps! Today I’m going to talk about crude oil. If you have been tuned in to the markets for the last several months, perhaps you know or at least have heard from someone that commodities like gold and silver have recently marked their new historical highs. But unlike those two metals, the people’s [...]
Commodities – Energy Crude Oil Falls on Abundant Supplies Crude Oil (WTI) – $75.50 // $0.08 // 0.11% Commentary: Crude oil resumed its downtrend on Wednesday, falling $0.35, or 0.46%. Things were looking much worse early in the session, as traders anticipated a bearish inventory report after the API survey indicated the crude oil stocks [...]
LOS ANGELES (MarketWatch) — Australian stocks pounded lower early Friday, with banks and miners leading the retreat after an overnight sell-off on Wall Street and disappointment on any quick fix for the controversial mining profits tax. The S&P/ASX 200 fell 1.1% to 4,429.9, with National Australia Bank Ltd. down 1.3%, Australia & New Zealand Banking [...]
Minera IRL has reported that drilling has outlined a new gold one at its Ollachea gold project in Peru and is undertaking a follow-up drill programme Originally from Mineweb – Daily news headlines
A theoretical opinion of what could be ahead for gold should economic turmoil and quantitative easing persist. Originally from Mineweb – Daily news headlines
"News flow is really, really important. If you’re going to play these kinds of stocks, especially if this is a sector you’re not that comfortable with, you want to get in at the start or before the start of a drill program and not at the end," says Eric Coffin, co-editor along with his brother [...]
Stocks fall as a drop in energy stocks offsets rising gold mining shares. Originally from MarketWatch
LOS ANGELES (MarketWatch) — Australian shares ticked higher in early Wednesday trade, getting another boost from miners as metals prices gained. In early morning action, the benchmark S&P/ASX 200 was up 0.3% at 4,715.8, with leading advancers including gold producers Newcrest Mining Ltd. , rising 1.7%, and Lihir Gold Ltd. , 2.9% higher. Base-metal giants [...]
LOS ANGELES (MarketWatch) — Australian shares dropped in early Wednesday trading, dragged lower by an overnight fall on Wall Street and lower commodities prices. The benchmark S&P/ASX 200 was down 1% at 4,673.7 in early trading, with miners among the leading decliners. Lihir Gold Ltd. was 2% lower, while Rio Tinto Ltd. lost 2.1%. Brisbane-based [...]
We are so used to looking at gold rising when the $ falls that the concept of gold rising when the $ rises seems to break the rules. We have often commented that there is no rhyme or reason why the € and gold should move in step with each other. And yet they have [...]
Well, the Dow didn’t quite break above the resistance lines by the end of the day yesterday like we supposed – however, vindication! First candle of the morning and up up and away it went. Well, perhaps not “up up and away”, more like sauntering up a rolling hill. But the point is there – [...]
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