China Inflation

Freeport (NYSE:FCX), BHP (NYSE:BHP), Teck (NYSE:TCK), Southern Copper(NYSE:SCCO) Plunge on Falling Copper Prices

Copper prices have plummeted today, dragging down heavily-exposed copper companies like Freeport-McMoran (NYSE:FCX), BHP Billiton (NYSE:BHP), Teck Resources (NYSE:TCK) and Southern Copper(NYSE:SCCO). Much of this was precipitated by the weakening euro versus the U.S. dollar, as the dollar index rose early in the trading session. There is also the continuing uncertainty as to the demand which

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Gold Prices Today Slightly Down, Await China, Ireland

While it seems China’s decision has finally been unveiled on what they’re going to do to combat inflation, Irelands is still waiting in relationship to their sovereign debt crisis, and gold prices today are under slight downward pressure until that plays itself out.China has taken the initiative to increase the amount of reserves banks mus hold by another 50 basis points, something that is less

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Bank of America (NYSE:BaC) Says Least Regulated Brazilian Utilities will Outperform Peers

Responding to comments from Bank of America (NYSE:BaC) that utilities in Brazil which are less regulated will outperform their peers because of “better pricing trends,” Cia. Energetica de Minas Gerais responded by leading the Brazilian utility sector in gains.Other stocks in the sector also advanced, with Tractebel Energia SA rising to a record close for them, increasing 2.3 percent to 26.95

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Eldorado (NYSE:EGO), AngloGold Ashanti (NYSE:AU), Novagold Resources (AMEX:NG) Rise as Gold Prices Today Rebound

It was only a matter of when and not if, gold prices were going to resume their upward move, and it appears the temporary correction in gold may be over, and gold miners like Eldorado (NYSE:EGO), AngloGold Ashanti (NYSE:AU), Novagold Resources (AMEX:NG) are participating in the rise in gold prices today. We can’t be certain the gold correction is over yet, but the news Ireland is going to be

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Freeport (NYSE:FCX), BHP (NYSE:BHP), Teck Resources (NYSE:TCK) Down on China CPI Report

Freeport-McMoRan Copper & Gold(NYSE:FCX), BHP Billiton Limited (NYSE:BHP) and Teck Resources (NYSE:TCK) were all down Friday as uncertainty clouded the demand picture when news China’s consumer price index rose to 4.4 percent (higher than what was anticipated), leading to speculation China may tighten the economy by raising interest rates in order to fight inflation. Gold price obviously

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Euro Rally Pressures Gold Prices Again

Gold futures look like they’ll fall for the third week in a row, as a rally in the euro has resulted in traders moving their money out of the yellow metal. There has been a furious effort by officials in the European Union to prop up the euro, and it is working at this time, even though there is little to justify the optimism some are putting in the failing currency. Just like his American

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Gold Prices Rebound on Safe Haven Demand

It wasn’t a surety which way gold prices were going to go today, as investors sold gold off yesterday as continual bad economic news hit the market, and uncertainty as to whether or not there may be some deflation weighed on investors.Today that has changed dramatically in the first part of the trading day before the long Independence Day weekend in America, as gold has rebounded some and is

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Freeport McMoRan (NYSE:FCX) Getting Closer Look from Moody’s (NYSE:MCO)

Freeport McMoRan (NYSE:FCX) hasn’t had a lot of good news on the macroeconomic level lately, and that has caused it to plummet from a 52-week high of $90.55 in January to closing at $61.07 a share on Tuesday. Consequently, they’ve had their credit ratings lowered during that time, and word is Moody’s (NYSE:MCO) is now reviewing a variety of their ratings to see if any merit being upwardly

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Record Gold Prices Continue as Currencies Falter, Recession Lingers

Filed in China Inflation, Gold Futures, Uncategorized by on June 9, 2010 0 Comments

Gold futures continue to break records, and they will for some time to come, as there’s absolutely nothing standing in the way of price increases based on the economic conditions we face, unless you want to listen to Federal Reserve Chairman Ben Bernanke, who came out of hiding to announce we’re continuing on in an economic recovery (laughter in the background). While I don’t believe we’ve ever

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Gold Prices Scream to New High Today

Gold prices exploded to new highs today in New York and London as confidence in paper currencies continue to erode and concerns over the sovereign debt crisis in Europe and China demand for raw materials and products surge. Prices for gold today early in the session reached as high as $1,254.50 an ounce, and was trading at $1,250.80 an ounce as of 10:34 AM EDT, a gain of $10.50 at the time.

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Today’s Gold Prices Flirt with $1,200

Almost everything happening in the world today lends itself to gold continuing to rise, and even when traders and speculators enter the market (or leave it) like they did last week, the strength of gold is such that even now it’s poised to resume its upward run, as gold prices today close just beloew $1,200, and have surpassed it in after-hours trading.With the end of the recession nowhere in

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Gold Plunges Most for Week in Five Months

Gold prices today dropped another $6, bringing the ending total $1,177 an ounce, after falling as low as $1,176.10 on the Comex in New York. For the week, gold prices fell by 4.2 percent, the worst decline since early December. There were a variety of reasons for the fall, with some of it being traders had large losses in equities, and had to cover the losses by selling gold. A correction in

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