 |
Louisiana Light • 2 days | 86.99 | -0.61 | -0.70% | ||
|
Bonny Light • 6 days | 86.00 | -0.62 | -0.72% | ||
|
Opec Basket • 2 days | 87.43 | +0.92 | +1.06% | ||
|
Mars US • 243 days | 76.40 | -1.43 | -1.84% | ||
|
Gasoline • 10 mins | 2.570 | -0.031 | -1.20% |
|
Bonny Light • 6 days | 86.00 | -0.62 | -0.72% | ||
|
Girassol • 6 days | 87.27 | -0.38 | -0.43% | ||
|
Opec Basket • 2 days | 87.43 | +0.92 | +1.06% |
|
Peace Sour • 18 hours | 75.81 | -0.57 | -0.75% | ||
|
Light Sour Blend • 18 hours | 78.06 | -0.57 | -0.72% | ||
|
Syncrude Sweet Premium • 18 hours | 82.41 | -1.72 | -2.04% | ||
|
Central Alberta • 18 hours | 76.31 | -0.57 | -0.74% |
|
Eagle Ford • 2 days | 79.29 | -0.57 | -0.71% | ||
|
Oklahoma Sweet • 2 days | 79.25 | -0.50 | -0.63% | ||
|
Kansas Common • 2 days | 73.00 | -0.75 | -1.02% | ||
|
Buena Vista • 3 days | 89.85 | +1.84 | +2.09% |
Steel Industry Reacts to Import Caps and Tariffs with Cautious Approach
The European steel industry faces…
Kyrgyz Parliament Lifts Ban on Uranium Mining
Kyrgyzstan's parliament has approved the…
Chinese Copper Exports Are Flooding Global Markets
China's copper exports have surged…
Metals
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Here Come the Water Wars
Long time readers of this letter know well that I have been a big fan of the water play. The world is rapidly running out of fresh water, possibly within…
The race to Find a Platinum Replacement is on
Platinum – the joy of a jewelry designer – the bane of a catalyst user, and in the current economy its the most expensive element on earth. Platinum is the…
How far will gold Run?
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…
When Higher Metals Prices Aren't Good for Miners
A couple of interesting data points on costs in the mining industry. Cost containment is once again becoming a major issue for miners. TD Newcrest analyst Greg Barnes told a…
Follow the Platinum-Brick Road
Exciting couple of days on the market. With the Dow having its worst intra-day drop ever yesterday, most of the commodities got trashed. Over May 4 and 5, outstanding silver…
Australia’s Super Profits Tax on Resource Companies Leads to Immediate Fall-Out
Australia sent the major miners into a tailspin overnight. The Rudd government announced Sunday night that it will impose a new "resource super profits" tax on mining, oil and gas,…
The Coming Boom in Rare Earth Metals
Interest in Rare Earths is starting to heat up in a dramatic fashion, and it something you should keep on your radar. So named because they were hard to get…
What to Look For When Investing in an Exploration Company
Calling all mineral explorers. Australia needs your help. The Australian Institute of Geosciences (AIG) this week released a report noting that the Aussie exploration sector is suffering. AIG blames the…
Chile Introduces Sliding Royalty Scale on Copper Production
I wrote yesterday about the importance of tailoring royalties to fit the situation for different oil and gas plays. Today, there's news on an interesting riff on this idea. Tailoring…
Gold: Fear, Uncertainty & Goldman Sachs. Where do Prices Go from Here?
Gold fell the most in two months as the SEC’s action against Goldman Sachs (GS) spurred investors rushing out of riskier commodities and into perceived safer assets such as the…
ETF-izing the Market: Are Producers Getting the Wrong Signal?
Reports this morning that Russian aluminum giant Rusal is looking at launching an exchange-traded fund (ETF) back by physical aluminum. Rusal said the fund could initially be backed with up…
Chinese Base Metal Stockpiles are Reaching Epic Levels - How will this Affect Prices
A couple of interesting data points the last few weeks, on commodities oversupply. Last week CBI China reported that Chinese base metal stockpiles are reaching epic levels. CBI surveyed commercial…
Rio Tinto Case Indicates Chinese Leadership are Confident that Growth Will Continue
When four executives from Rio Tinto, the giant Anglo-Australian mining company, were arrested last July on charges of stealing commercial secrets, as well as taking and receiving bribes from Chinese…
Gold Futures Take Flight Over the proposed E.U. Bailout of Greece
The action in gold on Friday was notable. Spot gold jumped over $5. And the rally has continued this morning, with gold now back above $1,110 for the first time…
Money Flows Into Platinum as Demand for Gold and Silver Drops
Gold investors have long-believed the mainstream is close at hand. One of the major arguments from gold bulls over the last ten years has been that bullion prices will rise…
Solid Gold Brains
One of the most valuable things a mining company can have is expertise. Exploring for, delineating, and mining ore bodies is an extremely tough business. The success rates for going…
Groundbreaking Developments in Gold and Mineral Exploration
I'm spending a few days in Toronto at the Prospectors and Developers Association of Canada annual conference. This is one of the mining industry's largest events. Thousands of companies descend…
A Wave of Steel
China is the key to the metals markets today. And there are some important signals about this market registering in the last few weeks. Last month, I wrote about…
Rogue Aluminium Shipments Suggest Chinese Metal Stockpiles are Being Re-Exported
This might be the year's most important news. Which got almost no press globally. Something strange happened in Japan in December. Shipments of aluminum from Mozambique and Brazil…
The Coming Copper Crisis and Price Forecasting - Is There a Better Way?
David Threlkeld of metals trading advisor Resolved Inc. got some press this week. That happens when you predict a catastrophe. Threlkeld was quoted by Bloomberg repeating an ominous prediction…
