Posted on September 08, 2010 09:03
Good Morning,
The successful bond auction conducted by Portugal this morning helped engender a mild (but transitory) gain in risk appetite which was ...
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Posted on September 07, 2010 09:25
Good Morning,
Whatever selling pressure the stronger US dollar and a $1.60+ drop in crude oil had exerted upon gold prior to, and just after the open...
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Posted on September 03, 2010 12:14
This morning's LME trading was quiet but prices were firm early ahead of this three day Labor Day Holiday weekend...London gold was last indicated at $1,250-$1,251/to and termed "steady"...yesterday, Dec Comex gold rose to $1,253.40, nearly matching its June 28th record ($1,256.60). In New York this morning, traders are looking for Comex copper to open a bit weaker as London prices drift...yesterday, the December contract ended the day higher @ $3.4955/lb.
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Posted on September 03, 2010 12:05
Good Morning,
Some of the sardine can-like conditions in the gold trade were relieved this morning when news that US nonfarm payrolls dipped only by ...
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Posted on September 02, 2010 11:55
Good Morning,
Jobs and homes; the pivotal focus items by which many solely continue to gauge the state of the States’ economy, remained at the centre...
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Posted on September 01, 2010 10:44
Here is a list of the TOP 30 largest steel producing companies from around the world.
1- ArcelorMittal - Country: Luxembourg - Crud...
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Posted on September 01, 2010 10:36
Aug 31, 2010 (Zacks.com via COMTEX) -- Overview
The Metals & Mining Industry encompasses the extraction (mining), as well as the primary and seco...
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Posted on September 01, 2010 09:58
Good Morning,
Overnight gains in precious metals prices brought gold within striking distance of its June highs as the yellow metal entered its 50th ...
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Posted on August 31, 2010 08:59
Good Morning,
Crisis-oriented mentality remains pervasive on this last day of August and it will be interesting to see how the gloomy emotion...
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Posted on August 30, 2010 13:57
Economic releases in the month of August continue to be a mixed bag causing an uneasy market sentiment reflected in the 500 points the Dow has lost throughout the month. The 2nd quarter GDP was revised downward to 1.6 percent (from 2.4) and sales of existing homes fell 27.2 percent from June, their lowest since tracking began in 1999. The bulk of those home sales, single-family, are at their lowest since 1995 (Chart 1). Durable Orders (ex-transportation) declined 3.8 percent and the four-week average of Initial Claims for the week of August 21st was 473K. They have not been below 400K since July of 2008 and their 10 year median is 358K. Amid all of this, there have been bright spots. Industrial production advanced in July (1 percent), and industrial capacity increased...
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