 |
Louisiana Light • 4 days | 71.82 | -0.55 | -0.76% | ||
|
Bonny Light • 4 days | 73.87 | -2.50 | -3.27% | ||
|
Opec Basket • 4 days | 74.60 | -1.28 | -1.69% | ||
|
Mars US • 2 hours | 71.66 | +3.20 | +4.67% | ||
|
Gasoline • 47 mins | 2.683 | -0.001 | -0.04% |
|
Bonny Light • 4 days | 73.87 | -2.50 | -3.27% | ||
|
Girassol • 4 days | 74.31 | -2.28 | -2.98% | ||
|
Opec Basket • 4 days | 74.60 | -1.28 | -1.69% |
|
Peace Sour • 18 hours | 63.51 | -0.70 | -1.09% | ||
|
Light Sour Blend • 18 hours | 64.81 | -0.70 | -1.07% | ||
|
Syncrude Sweet Premium • 18 hours | 73.76 | -0.70 | -0.94% | ||
|
Central Alberta • 18 hours | 63.11 | -0.70 | -1.10% |
|
Eagle Ford • 4 days | 65.74 | -0.70 | -1.05% | ||
|
Oklahoma Sweet • 4 days | 65.50 | -1.00 | -1.50% | ||
|
Kansas Common • 27 days | 64.52 | +0.64 | +1.00% | ||
|
Buena Vista • 4 days | 75.42 | -1.20 | -1.57% |
Breaking News:
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Metals
Why Commodity Prices are Surging
Paul Krugman explains the main reason for the rising commodity prices: Today, as in 2007-2008, the primary driving force behind rising commodity prices isn’t demand from the United States. It’s…
Gold Makes Record Run
INCIDENT: On 7 December, gold hit an all-time high above US$1,425 per ounce (London morning fix), after having risen from under $300 per ounce at the beginning of the millennium…
Is Food the New Distressed Asset?
After my entertaining repast with the head of our nation’s intelligence service, (See: Lunch with the CIA) I had to ask myself this question. During the sixties, new dwarf varieties,…
Rare Earth Metals Shortage Made Worse by Smuggling
Rare earth (RE) metals find application in devices inlcuding wind turbines, hybrid and electric cars, LCDs, fuel cells, nuclear reactors and lasers. China controls some 97% of the world supply…
Pssst! Have You Heard About Rhodium
When I was at the New York Hard Asset Investment Conference weeks ago, every hour someone would stop by my table, mention the word “rhodium”, and walk away. My interest…
Forget a Potential Oil Shortage: A shortage of this Mineral Would be Much Worse
Most folks think an oil embargo or a running out of supply would be a disaster, some even realize oil could drive nations to war. But there is a much…
Survey Shows U.S. Has Abundant Rare Earth Supplies
In the headlines lately has been news of China's monopoly of rare earth elements (REE), adding to China's growing clout. It would increase their leverage should they choose to reduce…
The Genius Behind Successful Resource Companies
I've been reviewing several new project opportunities this week, in both minerals and petroleum. It's got me thinking about genius. Good resource companies have some kind of genius. Something the…
If You Think Gold is Just a Dollar Thing
There's a lot of speculation these days about the gold price. One of the favorite theories is dollar weakness. The rising gold price is caused more by a falling dollar,…
Platinum: Good Prices Are Not Enough
Platinum gurus Johnson Matthey published their 2010 Interim Review of the platinum market yesterday. A big event in that part of the mining space. The report was fairly rosy for…
Unbelievable Open Interest in Silver on the Tokyo Commodity Exchange
I know I've been harping a lot about this, but the chart just keeps marching unbelievably upward. Over the last two days, open interest jumped another 12%.
Year End Risk Analysis: Commodities
This is my favorite asset class for the next decade, as investors increasingly catch on to the secular move out of paper assets into hard ones. Don’t buy anything that…
What Do China's Aluminum Sales Mean?
China has started (slowly) selling its considerable stockpiles of base metals. The National Development and Reform Commission announced this week it sold just under 96,000 tons of aluminum through public…
You No Longer Have to Be Crazy to Buy Gold
The good news is that you no longer have to be crazy to buy gold. Until recently, certifiable believers chasing the barbaric relic were driven by a host of urban…
Rare Earths ETF Launched by Money Manager Van Eck
Money manager Van Eck Global has launched an exchange-traded fund (ETF) offering investors exposure to a possible bull-run in the value of ‘rare earth’ metals. Such metals are crucial raw…
Growing Worldwide Concern Over China's Dwindling Rare Earth Supplies
Hybrid cars, mobile phones, flat-screen televisions, fiber-optic cables, the latest-generation wind turbines. What do these products all have in common? For many countries, they represent the money-making future of manufacturing…
The Monetization of Lumber
If you want to see how widespread the commodities boom has become, take a look at the lumber market, which has popped 47% since June. This is in the face…
Watch Rice For Clues to Corn
Those wondering what to do about their ag positions better take a look at the contract for rough rice, which has skyrocketed by 50% since July to $14.50 a pound.…
Growing Competition for Natural Resources Leads to Daily Pricing for Alumina
We've all heard the lines about increasing global competition for natural resources. The world is not the same as it was ten or even five years ago. New sources of…
A Big Boost for the Palladium Market
Not to belabor my writings on palladium from earlier this week. But this chart tells a critical story. Open interest…
