Articles
Feb 8, 2012
With the first month and a few days of February in the books, our Model Portfolio is up 14.72%, despite a 30.57% loss in FAZ. But we will take that tradeoff any time. Like any other insurance polic...
Feb 6, 2012
John Williams has been warning Americans of the likelihood of hyperinflation now for several years. On January 25, he published his fifth annual hyperinflation report.
Jan 25, 2012
My friend Ian Gordon was our main guest last week on Turning Hard Times into Good Times.
Jan 19, 2012
Richard Russell and various other highly experienced analysts—such as Robert Prechter, Ian Gordon, Ian McAvity, and Dr. Robert McHugh, to name just a few I have interviewed on my radio show&m...
Jan 10, 2012
While on the topic of Bob Hoye's work, we should point out that he is now predicting a turn down in the long bull market for U.S. Treasuries. And why not? The U.S. Long Bond has been in a bull mark...
Jan 4, 2012
Robert Prechter recently warned that we are facing a very, very major head and shoulders top in the equity markets and that we are likely to go down and go down very, very hard.
Dec 13, 2011
It should be apparent to everyone who is watching the games being played by the politicians that none of the clowns in Washington or Europe are going to change the markets for the better by issuing...
Dec 6, 2011
The markets, not government, have chosen gold as money.
Nov 23, 2011
The Big Picture Elliott Wave Long-Term Count in the Dow Industrials from 1900 to 2011
Nov 17, 2011
The answer to the question might have more to do with whether you believe inflation or deflation will prevail.
Nov 8, 2011
Jay comments on the following article by John Rubino and tells what he agrees and differs with the author.
Nov 2, 2011
As of Thursday of this week, our IDW closed at 137.13, down from 138.92 the prior Friday. And possibly more importantly, the IDW momentum has remained at the maximum bearish state of -3.0, meaning ...
Oct 26, 2011
In his last presidential speech, President Eisenhower warned the nation about the power and control of what he termed the "military-industrial complex." Part of that speech was played on my radio s...
Oct 19, 2011
Being curious about the "Occupy Wall Street" movement, I took a subway ride downtown after having finished a meeting on west 9th Street in Greenwich Village on Wednesday, October 12.
Oct 12, 2011
Frankly, I was getting a bit worried by gold's acceler¬ating gold price. Its pull¬back is quite a relief to those of us who have been counting on a bull market with many years left to run
Oct 6, 2011
I am always outraged by the media when they say, "No one could have seen this coming."
Sep 28, 2011
Frankly, I was getting a little concerned about the dramatic rise in the price of gold, because whenever a market heads para¬bolic, it is inherently unstable. Therefore
Sep 21, 2011
Bernanke with his high flying Ivy League Ph.D. may have thought he had it all figured out when he wrote his paper in 2002 titled, "Deflation: Making sure 'It' Doesn't Happen Here. "
Sep 15, 2011
Rising resistance by the Germans to the continued bailouts of the weaker European economies, combined with the Swiss central bank intervention to weaken its currency, sent shockwaves through the in...
Sep 7, 2011
I admire folks like Ian Gordon, Bob Hoye, and Robert Prechter, not because I agree with them on everything, but more because they are all students of history who are able to put the present market ...
Aug 30, 2011
I am a frequent participant at a luncheon in New York City known as the Scarsdale Capital "ideas" lunch. This past week, I was challenged by one regular member of this group about the notion that g...
Aug 24, 2011
Gold's nominal price is one thing. But more important as far as gold miners are concerned is gold's "real" price.
Aug 18, 2011
This week's guest on my radio show was Ian Gordon. Ian's third or fourth appearance on my show couldn't be timelier, following the recent gut-wrenching declines in the equity markets. Ian has never...
Aug 11, 2011
This past week was an enormously eventful week, as it is becoming increasingly obvious that the western world is becoming increasingly financially insolvent and credit markets begin to implode.
Aug 4, 2011
What's all the fuss about? Why are we worrying about whether the Democrats and the Congress will come to an agreement on increasing the budget ceiling when we already have granted the President the...
Jul 27, 2011
Thank you, Alan Greenspan, for the biggest housing depression in American history! And until that is overcome, it's hard to expect any kind of meaningful recovery will take place in the U.S. economy.
Jul 20, 2011
Chen Lin is very bullish on oil but he is also concerned about oil prices exceeding $80 or so per barrel.
Jul 7, 2011
John Williams, who I think is the most honest macro-economist in the world, has really nailed down the pathology of the U.S. Economy once again.
Jun 29, 2011
When Nixon separated the U.S. dollar from gold, he opened the flood gates for the greatest monetary illusion and credit expansion of all time.
Jun 21, 2011
One of the most insightful geopolitical and economic analysts I know is Richard Maybury, author of the excellent newsletter titled, Early Warning Report. I highly recommend this service to all of m...
Jun 15, 2011
The chart Purchasing Power chart is one I have shown many times in this letter. It shows gold’s purchasing power, relative to the Rogers Raw Materials Fund
Jun 1, 2011
Most so-called gold bugs are convinced the U.S. is in the process of inevitably destroying its currency. They argue that the massive amount of money being created out of thin air will inevitably re...
May 25, 2011
The chart is from Robert Prechter's Elliott Wave Theorist. Can the Dow get above its Supercycle degree resistance line?
May 17, 2011
One of the reasons I continue to lean toward deflation in the inflation/deflation debate is that fiat money is in fact debt money. Whenever Mr. Bernanke “prints” money, he creates an equal liabilit...
May 11, 2011
Massive market manipulation has allowed the U.S. to create trillions of new dollars out of thin air and at the same time hold interest rates down. The U.S. Dollar chart shows the Dollar approaching...
Apr 28, 2011
Credit rater Standard & Poor’s made headlines Monday, shifting its outlook for the US government’s AAA credit rating to “negative.” According to the rater, there’s now a 33 percent chance of a cut ...
Apr 13, 2011
The USD chart displays some key support levels for the dollar. Certainly with the buck at $0.75 on the index, it is at a key level now.
Mar 23, 2011
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
Mar 17, 2011
I rather think the most honest thing for a newsletter writer to do is what he tells his subscribers to do. It is often said that stockbrokers don’t believe their own B.S. Well I believe what I tel...
Mar 9, 2011
“The Creature from Jekyll Island” is the classic exposé of the Fed that has become one of the best-selling books in its category of all time. Where does money come from? Where does it go? Who makes...
Mar 3, 2011
I started writing a gold-oriented newsletter at the start of a 20-year bear market for gold. Talk about bad timing!
Feb 21, 2011
When I looked at the February 17th, 2011 major Bradley model turn date back about five months ago, I never in a million years would have believed the rally from March 2009 would last that long, and...
Feb 16, 2011
Our IDW made another new high this week, closing at 151.73, signaling inflation is very much alive at least for now.
Feb 9, 2011
Wall Street continues to have a party and we don’t want to be left out. So we stay on the long side of the market, while remaining leery of the potential for a globally over-indebted market to impl...
Feb 1, 2011
Bubble economies are sustained only by the hot air of money creation out of thin air. Normal, healthy economies grow from savings and do not need new money to sustain growth.
Jan 19, 2011
I think it is virtually impossible to answer that question, which is why I kept the Prudent Bear Fund in my portfolio all of last year. Having it in our portfolio last year was very costly.
Jan 12, 2011
Bernanke’s policies seem to be working, don’t they? Well, he certainly has gotten asset prices to rebound. But what about the “real” economy? Not much going on there, from what we can see. Unemploy...
Jan 4, 2011
This is a remarkable gold bull market. The chart below displays the average monthly gold price going back to 1995. I like to use this chart because it smoothes out the price of gold somewhat and pr...
Dec 31, 2010
Dan Narcini provides a chart that shows the historical
relationship back to 1979 between gold and the U.S. Treasury bonds.
Dec 22, 2010
Trillions of dollars of new stimulus and money created out of thin air has pushed commodity and equity prices to very high levels. In fact our IDW is now just a whisker away from its all-time high ...
Dec 8, 2010
There is one other item in our IDW besides the dollar that has been declining. I’m talking about the Global U.S. Dollar Liquidity Measure, as first brought to my attention by Merrill Lynch analyst ...
Dec 6, 2010
In late July and, in retrospect, at the end of an abbreviated summer doldrums, I offered a new periodic update of the companies that I cover (Mercenary Musing, July 26, 2010).
Dec 1, 2010
Reflation of asset prices thanks to trillions of dollars created by Ben Bernanke’s Fed and other central banks around the world is continuing to lead to higher commodities prices around the world. ...
Nov 17, 2010
For some perspective on the stock market, the Dow divided by the price of one ounce of gold is displayed on your left. This results in what is referred to as the Dow / gold ratio or the cost of the...
Nov 10, 2010
More and more this market is feeling much like it did during 2007 through early to mid 2008 and our IDW is approaching those levels now. It seems to be a one-way street with optimism once again res...
Oct 18, 2010
Ben Bernanke made a speech on Friday, October 15, 2010, in which he essentially said the following: (1) the rate of inflation is too low; (2) the economy is too weak; (3) real interest rates (the r...
Oct 13, 2010
While we wait for the next shoe to drop, is it possible that it won’t drop? Is it possible our deflationary expectations are simply wrong and that the inflationists are right after all?
Oct 6, 2010
When you have been around the markets for a period of time, you start to get a sense for when major tectonic shifts are about to take place in markets. I recall the foreign currency turmoil of the ...
Sep 28, 2010
I have been maintaining this chart since the days I worked in the mining and metals department of ING Barings in 1996-97. The monthly average so far in September has hit another new high, that bein...
Sep 8, 2010
The spinmeisters keep on churning, sucking gullible Americans back into the casino. That is the job of
CNBC, Bloomberg, and others. Keep us believing that the system is a little flawed but nothin...
Aug 26, 2010
I believe we are likely on the verge of what Dr. Robert McHugh calls an Elliott Wave C wave down in a major A wave down (ending in March 2009) and B wave up, which almost certainly peaked on April ...
Aug 18, 2010
For regular subscribers and radio listeners, much of what I had to say on BNN on Friday will not be new.
Aug 11, 2010
I have put quite a bit of time into this question because I believe it is vital to how we plan and invest. I have teetered back and forth myself but now tend to lean toward deflation. But how devas...
Aug 4, 2010
Because of my eye surgery, I’m pre-recording programs for my radio show after surgery. Following John McManus on August 10, I’m planning to speak with Robert Blumen, a very learned Austrian thinker...
Jul 21, 2010
As of last week our Inflation/Deflation Moving Average was at -2 for the first time this year. It bounced back a bit on Monday to -1 but depending on how the week ends up could stay at the lower le...
Jul 14, 2010
In principle, all of the stocks on my Scorecard are “BUYS” even though some of them have “hold” next to their names. I am a long-term gold share bull, realizing of course that there will be some ma...
Jul 8, 2010
The air waves are full of Wall Street venders peddling their wares. Ideologically, most of these salesmen are much closer to communism than to free market capitalism. They have been indoctrinated w...
Jun 29, 2010
My radio interview this coming week with realtor and real estate TV commentator Kathy Fettke is timely because we are starting to get some horrendously bad news again on housing after a bounce off ...
Jun 23, 2010
The momentum toward systemic deflation is now clearly in process according to our IDW. In fact, this week was the first week since the week ending March 27, 2009 that we have had more moving avera...
Jun 16, 2010
Which of the two charts above are really worth looking at? Most folks are fixated on the chart on your left, and the question that is on everyone’s mind is “What is the price of gold as measured by...
Jun 9, 2010
It seems obvious to me that we are dealing with one of the greatest credit market implosions in history now. If that is true, then I believe it is not a stretch of the imagination to believe that a...
Jun 3, 2010
First, let me share with you some indicators that the financial markets are about ready to implode and, I think, in the process lead the major equity markets down to test the March 9 lows.
May 31, 2010
The names of methods used by BP to attempt to plug the Gulf of Mexico oil spill invoke, variously, B-action-movie titles (“top kill”), uncomfortably phallic imagery (“junk shot,” “lower marine rise...
May 31, 2010
The bodies of 20 to 25 people, apparently victims of drug gang violence, were recovered from an abandoned silver mine in an area of southern Mexico popular with international tourists, a federal po...
May 31, 2010
In the Spring of 2009 I had the privilege of being invited to write a piece on gold for the publication of my friend, Dr. Marc Faber. In it, I articulated an unequivocally bullish outlook on gold, ...
May 31, 2010
Bombardier Inc. has been awarded a $241-million (U.S.) contract to supply an automated monorail system for the Saudi capital city’s new financial district.
May 28, 2010
U.S. President Barack Obama is touring Louisiana to get a first-hand look at the impacts of the massive oil spill in the Gulf of Mexico.
May 28, 2010
British Columbia, May 28, 2010 (BUSINESS WIRE) -- Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB) is pleased to report that follow-up sampling at the Los Amoles Property continues to return h...
May 28, 2010
Gold buying picked up slightly on Friday afternoon as prices fell further from Wednesday's all-time high, dealers said.
May 28, 2010
Toronto's main stock index was
slightly higher on Friday morning, supported by strength in
energy shares as oil prices rose, but trading was expected to
be volatile throughout the day ahead of a...
May 27, 2010
BP said on Thursday it was making progress with its “top kill” effort to plug its ruptured Gulf of Mexico oil well as the U.S. government issued estimates of the oil flow that would mean the disast...
May 27, 2010
Silver prices may climb more than gold this year as economic growth triggers demand for plasma televisions, batteries and other industrial applications, GFMS Ltd. Executive Chairman Philip Klapwijk...
May 27, 2010
Gold rose throughout Asian and London trade on Wednesday, touching 1-week highs above US$1215 an ounce.
May 27, 2010
The Toronto stock market surged almost 200 points late Thursday morning following China’s assurance that it’s not contemplating a retreat from European debt.
May 26, 2010
While I think a gold price quote in U.S. dollars is rather meaningless given the fact that dollars are not a trustworthy unit of measure, living in a still dollar-denominated world, we can’t ignore...
May 26, 2010
Gas markets will be in surplus for at least the next four years, and even after the glut eases, U.S. and European prices will not achieve parity with oil, energy companies told the Reuters Global E...
May 26, 2010
Platinum prices are set to spike during the FIFA World Cup, according to the latest research from ETF Securities.
May 26, 2010
Gold is set to resume its upward trend over the next month as concerns over euro zone sovereign debt and wider instability in the financial markets spark demand for the metal as a refuge from risk,...
May 26, 2010
Canada's central bank should start raising interest rates as soon as possible as domestic economic indicators rebound and growing household debt continues to pose a risk, the Organization for Econo...
May 25, 2010
Oil is falling fast in early morning trade, breaking the psychologically critical $70 level as persistent worries about Europe's sovereign debt hampering global growth pushes down energy demand.
May 25, 2010
ECU Silver Mining Inc. (TSX:ECU) had $3.2 million in revenue from metals sales in the first quarter and a substantially smaller loss compared with the same time last year, the company announced Tue...
May 25, 2010
Gold prices found firmer ground as Tuesday's session progressed, posting gains for a second day as tensions on the Korean peninsula sparked selloffs in stocks and other commodities such as oil.
May 25, 2010
The cost of owning your own home has risen for the third straight quarter, with houses becoming less affordable in all provinces except Alberta, according to a report by RBC.
May 21, 2010
Renegade Petroleum Ltd. (TSXV:RPL) says it has acquired some oil assets in southeastern Saskatchewan from an unnamed private company for $20.5 million.
May 21, 2010
Platinum and palladium recovered sharply from losses that took them to three and a half month lows, but are still on track for their biggest weekly percentage loss since late 2008 due to fund selling.
May 21, 2010
Gold futures extended their slide to a two-week low Friday as investors kept exiting the metal in a general move away from riskier assets and to generate cash to offset recent losses in other markets.
May 21, 2010
Retail sales in Canada posted their biggest jump in more than five years in March on strong gains by vehicle and auto-parts dealers, Statistics Canada reported Friday.
May 20, 2010
China led the B wave up following the post Lehman Brothers plunge that started in September 2008 and lasted through March 2009. Could it be now that China is leading the global markets back down no...
May 20, 2010
Oil and gas company Pan Orient Energy Corp. posted profits of $3.4 million in the first-quarter, up from a year earlier, despite a slight dip in revenue.
May 20, 2010
Platinum and palladium Thursday hit their lowest levels since February as investors continued exiting positions in all precious metals to avoid risk on concerns European debt issues will hurt econo...
May 20, 2010
Gold prices fell, capping the longest slump since March, as doubts about the strength of the economic recovery and Europe’s ability to contain a debt crisis prompted investors to sell commodities.
May 19, 2010
Canada's first liquefied natural gas export terminal will be owned by two major American energy companies after Houston-based EOG Resources, Inc. announced it is buying the parent company of Kitima...
May 19, 2010
Russia, the world’s biggest palladium producer, may have exhausted state inventories of the metal, removing a key source of global supply, according to OAO GMK Norilsk Nickel.
May 19, 2010
Gold fell on Wednesday, with early losses extended unusually in tandem with the euro's rally from 4-year lows, and as investors used profits from bullion to cover losses on other markets.
May 19, 2010
Canadian stocks fell for a fifth day, led by gold producers, after the U.S. reported an unexpected drop in consumer prices and the euro strengthened.
May 18, 2010
The Alberta government has picked a finalist in its contest for a partner to upgrade the oilsands it receives from producers through its bitumen-in-kind initiative.
May 18, 2010
Vancouver-based Silver Wheaton has clinched a right of first refusal on any silver streams sold in the future from junior Ventana Gold's precious-metals projects in Colombia, the companies said on ...
May 18, 2010
India's spot gold prices fell on Tuesday as higher prices continued to keep buyers away, though if the trend continues this might provide an opportunity for some bargain buying, dealers said.
May 18, 2010
Meredith Whitney is concerned about financial reform that will punish banks just for the sake of doing something. This she says, will hamper small business lending right at a time state and local c...
May 17, 2010
Natural gas futures fell in New York after an earlier gain of 2.3 percent.
May 17, 2010
Bay Street stocks opened lower Monday amid mixed performances among sectors. The S&P/TSX Composite Index was down 45.67 points or 0.38% to 11,969.30.
May 17, 2010
All that glitters is gold this Akshay Tritiya. Gold, among all asset classes, has remained a time-tested hedge against inflation.
May 17, 2010
European stock markets rebounded Monday after big falls at the end of last week but the euro continued to languish near four-year lows against the dollar amid ongoing worries about the continent's ...
May 14, 2010
Check this out! Gold’s purchasing power exploded this past week as measured by the Rogers Raw Materials Fund. Just five business days ago, an ounce of gold would have purchased 35.8% of the Rogers ...
May 14, 2010
Increased export earnings helped Hydro-Quebec post an increase in profits in the first quarter despite lower sales in Quebec due to a warmer-than-normal winter, the utility said Friday.
May 14, 2010
With the introduction of new exchange traded funds (ETF’s) for platinum and palladium in the US at the start of this year, and a similar introduction in Europe more recently, a lot of attention has...
May 14, 2010
Surging gold prices may benefit Canada’s junior mining companies, helping to pay off the high costs of exploration and potentially providing an investment gold mine for those with a strong appetite...
May 14, 2010
The Toronto stock market sold off Friday morning amid growing pessimism that deep spending cuts by European countries will slow a global economic rebound.
May 13, 2010
Penn West Energy Trust (PWT.UN-T20.190.743.80%) said Thursday a unit of China Investment Corp. will invest more than $1-billion in the Calgary-based company, marking China’s latest foray into Alber...
May 13, 2010
Gold hit an all-time high on Wednesday and silver made a new yearly high. While the prices of both tend to move together, there are somewhat different drivers at the moment that are pushing prices up.
May 13, 2010
There's no mistaking what's in this vending machine. The well-heeled in the Gulf can now grab "gold to go" from a hotel lobby in the United Arab Emirates, when the need for a quick ingot strikes.
May 13, 2010
The National Energy Board is undertaking a full review of its regulations for offshore drilling to reflect lessons learned from the disastrous blowout in the Gulf of Mexico.
May 12, 2010
Canada's merchandise exports declined 0.7 per cent in March as a result of falling prices for energy products, while imports grew two per cent on the strength of precious metals.
May 12, 2010
Copper prices gained for a second day this week on signs that the global recovery is still robust, fueling speculation that metals demand will increase.
May 12, 2010
Spot Gold prices continued to rally touching a record high of $1244/oz till 4.00 pm IST today on the Comex division of the New York Mercantile exchange.
May 12, 2010
Crude-oil futures traded above $75 a barrel on choppy trading Wednesday, following a report that showed another increase in oil stockpiles and as the International Energy Agency lowered its demand ...
May 11, 2010
Canadian drilling -- especially for oil -- was a bright spot that helped Ensign Energy Services post better-than-expected first-quarter operating results on this side of the border, although overal...
May 11, 2010
Gold jumped nearly 3 percent to an all-time high at above $1,230 an ounce on Tuesday, as traders sought safety after a $1 trillion European rescue failed to put to rest fears of euro zone debt cont...
May 11, 2010
The iShares Silver Trust (SLV) is on a four-day roll and trading volume has been picking up.
May 11, 2010
BP PLC told Congress Tuesday its massive Gulf oil spill was caused by the failure of a key safety device made by another company. In turn, that company said BP was in charge, and that a third compa...
May 10, 2010
Mid-cap energy company Paramount Resources turned a toe-hold into full ownership of a junior oil company on Monday with a $68-million bid for Redcliffe Exploration.
May 10, 2010
Platinum metals miner Anooraq Resources Corp (ARQ.V) said it cut 153 jobs at its Bokoni platinum mine in South Africa, in addition to more than 100 employees fired in January.
May 10, 2010
Gold prices fell over 3 percent on Monday afternoon, tracking weak overseas markets, triggering physical demand ahead of a key festival next week, dealers said.
May 10, 2010
BP is turning to new options in its continuing and still-desperate bid to contain and eventually stop the constant gushing of oil from a leaking wellhead in the Gulf of Mexico.
May 7, 2010
ON THE GULF OF MEXICO — A 100-ton concrete-and-steel box plunged toward a blown-out well at the bottom of the sea Friday in a first-of-its-kind attempt to stop most of the gushing crude fouling the...
May 7, 2010
Silver gave up after rising to $17.78/oz during intra-day trading on Thursday. There was panic sell-off seen across the board which dragged silver prices also down by 0.11 percent to $17.52/oz.
May 7, 2010
Gold fluctuated in New York, heading for the third straight weekly gain, on speculation that Europe’s fiscal crisis will spur investors to purchase the metal as an alternative to currencies.
May 7, 2010
It is no longer just about the euro zone. It is global, hitting financial markets across the board and threatening the general improvement in the global macroeconomic climate.
May 6, 2010
The first oil from a massive spill in the Gulf of Mexico came ashore on a Louisiana island beach Thursday as BP engineers prepared to start lowering a 98-ton metal chamber over the ruptured seabed ...
May 6, 2010
Quantum Rate Earth Developments /quotes/comstock/11v!e:qre (CA:QRE 0.53, +0.01, +1.92%) (PINKSHEETS: QREDF) acquired the rights to what the U.S. Geological Survey called one of the largest deposits...
May 6, 2010
The gold price Thursday flirted with the $1,200 level as investors bought gold as a safety net against a sinking euro, Greece riots and spreading Portugal debt fears.
May 6, 2010
The euro slid to a 14-month low, global stocks tumbled for a third day and Spanish and Italian bond yields surged on concern European leaders aren’t doing enough to stem the region’s debt crisis.
May 5, 2010
Saskatchewan-based Cameco Corp., one of the world's biggest uranium producers and drilling an exploration property in Northern Quebec, Wednesday posted first-quarter earnings of $142 million or 36 ...
May 5, 2010
Toronto’s main index was trading relatively flat in early afternoon trade, as gains in financial and telecom sectors helped offset decline in base metal and gold stocks.
May 5, 2010
Gold prices are rising and may set new records if Greece’s debt troubles spread to other European nations, experts say.
May 5, 2010
Demonstrations against tough new austerity measures in Greece claimed their first fatalities on Wednesday with three people reported to have died inside a bank building set ablaze by protesters. Th...
May 4, 2010
Oilsands giant Suncor Energy Inc. reported better-than-expected first-quarter profits Tuesday, but trimmed back its production forecast for 2010 because of fires at two of its upgraders.
May 4, 2010
In a further sign that now may be the time to talk to silver and gold dealers about investment opportunities in precious metals, the U.S. manufacturing sector is continuing to show significant impr...
May 4, 2010
Gold broke through $1,190 an ounce for the first time since early December on Thursday as fears Greece's sovereign debt problems could spread to other euro zone economies fuelled a cross-currency r...
May 4, 2010
Stockmarkets have fallen sharply as concerns about high levels of European government debt continue to shake investor confidence.
May 3, 2010
Asian Development Bank (ADB) announced on May the start of a three-year Asia Solar Energy Initiative (ASEI) to generate about 3000 megawatts of solar energy.
May 3, 2010
The mining community was this morning digesting news most would consider unpalatable while new project developers would consider it alarming.
May 3, 2010
Gold touched 2010 high last week, raising questions of where it is headed. The yellow metal's surge this week has primarily been due to concerns over debt market, especially due to downgrading of S...
May 3, 2010
British Petroleum PLC said Monday that it will pay for all the cleanup costs from a massive oil spill in the Gulf of Mexico that could continue spewing crude for at least another week.
Apr 30, 2010
After almost a decade in operation, Foster Creek is the largest thermal oilsands project using advanced drilling technology to reach payout and begin paying higher royalties to provincial governmen...
Apr 30, 2010
Cia. de Minas Buenaventura SA, Peru’s biggest precious-metals producer, said first-quarter profit rose 55 percent on higher gold prices.
Apr 30, 2010
Gold prices rose to their strongest level of 2010 on Friday as global investors snapped up the yellow metal amid uncertainty over the European debt problems.
Apr 30, 2010
In the conservative Florida Pandhandle, where Sarah Palin's battle cry "Drill, Baby, Drill" is still visible on car bumpers, some are reconsidering their support of offshore drilling as a growing s...
Apr 29, 2010
Two Louisiana's shrimpers have filed a lawsuit accusing the operators of the rig behind a Gulf of Mexico oil spill of negligence, seeking at least five million dollars in damages plus undetermined ...
Apr 29, 2010
Aquarius Platinum revealed today (29th April) that its pgm production was flat in the third quarter of its current financial year on an annualised basis.
Apr 29, 2010
Gold firmed on Thursday as persistent fears over euro zone debt levels underpinned prices, though a recovery in risk appetite kept the metal below the previous session's 2010 highs.
Apr 29, 2010
Canada is the only G7 country on track to wipe out its deficit in the next five years, though belt-tightening measures are likely to drag on economic growth, CIBC World Markets said in a report Thu...
Apr 28, 2010
Crews struggling to contain the oil spill in the Gulf of Mexico will light some of the petroleum on fire at 11 a.m. Central time in an attempt to burn it off before it reaches shore.
Apr 28, 2010
Oil inventories rose last week as refiners increased production capacity far ahead of analyst expectations, the government said Wednesday.
Apr 28, 2010
Mumbai: Gold prices rallied by Rs220 to Rs16,960 per ten grams at the bullion market on Wednesday on the back of aggressive buying by stockists and jewelers, sparked by a sharp rise in global markets.
Apr 28, 2010
Barrick Gold Corp. (TSX:ABX) says higher gold prices and increased production volumes helped it achieve record earnings in the first quarter.
Apr 27, 2010
Valero Energy Corp. said Tuesday it lost money for the fourth straight quarter as the country burned less fuel.
Apr 27, 2010
Investors received three reminders Monday of just how sensitive junior mining companies are to political risk, and how one strange ruling or proclamation can incite panic.
Apr 27, 2010
Gold rose in New York, heading for a third straight gain, on renewed demand for the metal as an alternative to the euro amid concern that European governments may fail to contain Greece’s deficit c...
Apr 27, 2010
The Canadian dollar(CAD/USD-I0.99-0.01-1.14%) sank by more than a cent Tuesday as downgrades of Greek and Portuguese debt sent investors flocking into the perceived safety of the U.S. currency.
Apr 26, 2010
The head of Exxon Mobil Corp., the largest U.S. oil company, said yesterday that rising energy prices could damage the nascent U.S. economic recovery and misguided energy policy could worsen the si...
Apr 26, 2010
Every week or two I receive a “random” inbound email from someone who happens to be passing through Chicago and would like to set up a meeting.
Apr 26, 2010
Venezuelan President Hugo Chavez threatened to nationalize gold mining concessions, adding them to the oil, utility and metal assets he’s taken control of in the South American country.
Apr 26, 2010
It’s less than one week from deadline day and you haven’t filed your taxes yet. You're not alone.
Apr 23, 2010
As prospects dimmed for the rescue of 11 workers missing from an oil rig that sank into the Gulf of Mexico Thursday, BP said Friday it was continuing efforts to contain an oil spill in a bid to ave...
Apr 23, 2010
A Dallas-based company has bid $24 million for Sterling Mining Co., which controls the Sunshine Mine near Kellogg, Idaho.
Apr 23, 2010
India's gold demand for the quarter to end March showed 'continuing improvement' on the back of festivals and a strong rupee, the World Gold
Council said on Friday.
Apr 23, 2010
Friday, Goldman Sachs Group Inc. (GS) finds itself once again in the firing line, as the Wall Street Journal reported that, Goldman Director tipped off hedge fund Galleon Group about a $5 billion i...
Apr 22, 2010
A new think-tank analysis suggests Ontario’s green-energy levy may not be constitutional. The C.D. Howe Institute says that’s because the levy — enacted by regulation — could be considered an indir...
Apr 22, 2010
The market balances of both platinum (PL-FT 1,744.90 4.60 0.26%) and palladium (PA-FT 563.00 -5.25 -0.92%) are expected to tighten this year as the automotive industry recovers after last year's sl...
Apr 22, 2010
The spot gold price dropped $11 to $1,136 per ounce as the euro hit an 11-month low versus the U.S. dollar. Gold prices, along with the major stock indices, came under pressure as risk appetites wa...
Apr 21, 2010
AMSTERDAM, Netherlands - Airlines toted up losses topping $2 billion and struggled to get hundreds of thousands of travellers back home Wednesday after a week of crippled air travel, as questions a...
Apr 21, 2010
The rush to tap the continent's massive shale gas resources is fanning the flames of rising costs, one of North America's largest natural gas producers is warning.
Apr 21, 2010
Gold Fields the world's No. 4 gold producer, has started deepening a shaft at its South Deep mine in South Africa, one of the world's largest gold mines, in a bid to boost output.
Apr 21, 2010
Gold rose on Tuesday, holding near US$1,140 an ounce, as a recovery in risk appetite lifted commodity prices and weighed on the dollar, helping the metal regain some upward momentum after a slide t...
Apr 21, 2010
Fabrice Tourre, the Goldman Sachs Group Inc. banker at the center of fraud allegations against the firm, has agreed to testify and may defend his actions at a Senate hearing next week, said two peo...
Apr 20, 2010
The government needs to provide tax incentives for research and development spending into wind energy to help Canadian companies take advantage of an industry that has been expanding at 30% a year ...
Apr 20, 2010
North American Palladium Ltd., operator of the Lac des Iles palladium mine near Thunder Bay, Ont., said Tuesday it plans to buy the Vezza advanced gold exploration project in Quebec's Abitibi regio...
Apr 20, 2010
A fuming volcano is holding the entire economy of Europe and several other nations to ransom as the world is pondering over the economic impact of this aerial attack for the past one week.
Apr 20, 2010
The recent run up in bond yields is telling us that the era of low interest rates is drawing to a close.
Apr 19, 2010
Renewable energy should be developed and harnessed in the next 10 years to meet East Asia’s energy needs until 2030, according to a World Bank report released on Monday.
Apr 19, 2010
There are signs that returning demand in the global market for cars has been fuelling a rush for palladium - a key component in catalytic converters.
Apr 19, 2010
New York, Apr 19 (Bloomberg) Gold dropped to the lowest level in almost two weeks here today on speculation that commodities demand will be curbed by regulations arising from the lawsuit against Go...
Apr 19, 2010
As airline losses from the volcanic ash cloud spiralled over US$1 billion on Monday, the industry demanded EU compensation and criticized European governments for relying too much on scientific theory
Apr 16, 2010
Researchers trying to reduce the impact of carbon emissions from fossil fuels need to look a decade or two ahead and consider new products from traditional fuels, says Canada's research chair in pe...
Apr 16, 2010
Eastern Platinum Ltd (ELR.TO) posted a 10 percent decline in quarterly production at its Crocodile River mine in South Africa, hurt by a slower-than-expected start up after its December break, but ...
Apr 16, 2010
The Toronto stock market was sharply lower Friday with financial shares a weight after U.S. federal regulators filed civil fraud charges against Goldman Sachs
Apr 15, 2010
Electricity prices for consumers who don’t buy their power from a retailer will see the rates for the energy portion of their bill jump 12 per cent May 1.
Apr 15, 2010
U.S. copper futures were
soft early Thursday, weighed down by a firm dollar and fears
China may move to tighten monetary policy to reign in excessive
growth after data showed its economy expande...
Apr 15, 2010
Gold dropped in New York as the dollar rebounded after five consecutive declines, eroding demand for the precious metal as an alternative investment.
Apr 15, 2010
Realtors pounded a record number of for sale signs into Canadian lawns last month, something that is expected to cool down the red hot housing market, the Canadian Real Estate Association said.
Apr 14, 2010
Fast on the heels of Canada's largest IPO in a decade, two Calgary-based energy companies announced financings in the space of about five minutes on Wednesday, more evidence of a growing investor a...
Apr 14, 2010
Gold gained on Wednesday as a weaker dollar boosted prices, while expectations of improving demand and investor cash pushed palladium to a two-year high.
Apr 14, 2010
Barrick Gold Corp. (TSX:ABX) is welcoming a U.S. court decision that will allow the Toronto-based gold miner to forge ahead with its Cortez Hills mine in Nevada.
Apr 14, 2010
The Canadian Imperial Bank of Commerce will be raising residential mortgage rates one quarter of a percentage point, making it the third major bank to announce a hike.
Apr 13, 2010
TD Bank (TSX:TD) has announced a lending program for renewable energy projects approved by the Ontario Power Authority, primarily dedicated to roof-top solar power systems.
Apr 13, 2010
The big mover of the day was news of the Greece bailout (okay – call it a “rescue package” – it is still a bailout) put together by the EU to the tune of €30 billion ($41 billion) at 5%.
Apr 13, 2010
Martin Mittelstaedt
From Tuesday's Globe and Mail
Published on Tuesday, Apr. 13, 2010 12:00AM EDT
Last updated on Tuesday, Apr. 13, 2010 11:34AM EDT
.The idea of peak oil has helped...
Apr 13, 2010
President Barack Obama urged China to move toward a “more market-oriented exchange rate” and President Hu Jintao told him the country wouldn’t yield to “external pressure” in deciding when to adjus...
Apr 12, 2010
Mirant MIR management made good on its intention to expand its power generation business by agreeing on Sunday to a merger of equals with RRI Energy RRI .
Apr 12, 2010
India's gold collection under exchangetraded funds rose 94 percent on year to 9.754 tonnes in March, data from the funds showed.
Apr 12, 2010
Gammon Gold Inc. said Monday that its production fell 13 percent in the first quarter while gold and silver prices increased.
Apr 12, 2010
China’s Sinopec is buying a more than 9% stake in Syncrude for $4.65 billion, becoming the latest Chinese buyer to snap up Canadian commodity assets.
Apr 9, 2010
Twenty of 40 analysts, or 50 percent, forecast oil will drop through April 16. Twelve respondents, or 30 percent, predicted that futures will increase and eight said the contract will be little cha...
Apr 9, 2010
Russian metals company Norilsk Nickel is exploring the sale of its Montana platinum and palladium mines after prices for the precious metals rebounded sharply in recent months.
Apr 9, 2010
There’s a bull market building in small subsector of gold stocks.
Apr 9, 2010
Canadians had better develop a game plan for a more muscular Canadian dollar that is going to be around "for a long time to come."
Apr 8, 2010
The Ontario government is expecting the creation of about 20,000 jobs through nearly 700 green energy contracts throughout the province.
Apr 8, 2010
Copper prices fell for a third straight day on mounting concerns that Greece’s fiscal difficulties may curb European expansion, limiting demand.
Apr 8, 2010
Centerra Gold verified on Thursday that it will continue its operations at its Kumtor mine in Kyrgyzstan, according to the Wall Street Journal Market Watch.
Apr 8, 2010
The Toronto stock market was flat Thursday afternoon as commodity prices recovered from an earlier dip in reaction to another round of debt troubles for Greece that once again raised the spectre of...
Apr 7, 2010
Natural gas prices are headed lower on rising production in the United States and slow-to-recover demand across North America, prompting analysts to reduce their 2010 forecasts.
Apr 7, 2010
The Gold Report: The price of gold is around $1,100. Last year you were saying the best buying opportunities were in the $850 range. Are you still recommending gold to investors?
Apr 7, 2010
Gold prices rose to their highest in five weeks in Europe on Wednesday on strong physical demand and as investors worried by the outlook for the euro zone economy diversified into hard assets like ...
Apr 7, 2010
The Toronto stock market lost ground for a second session on Wednesday, with investors disinclined to push prices higher amid a lack of market-moving news and ahead of the first-quarter earnings se...
Apr 6, 2010
CIBC has become the first major Canadian bank to form an investment team focused on green energy and clean technology markets, forging a path that industry experts say is likely to be followed by i...
Apr 6, 2010
The recent pickup in motor vehicle manufacturing in North America, Japan, India and China has triggered expanded output of catalytic converters worldwide and pushed spot and futures prices of palla...
Apr 6, 2010
Clashes between police and protesting miners have left six miners dead as Peru's government tries to put restrictions on unregulated gold mining that it says is ravaging the Amazon rain forest.
Apr 6, 2010
Canada's dollar strengthened to one-for-one footing with the U.S. currency on Tuesday for the first time since July 2008, powered by rising commodity prices and an economic rebound investors expect...
Apr 5, 2010
Crude prices rose near 85 U.S. dollars per barrel on Thursday on positive economic data.
Apr 5, 2010
GOLD PRICE NEWS - The gold price is trading slightly higher in concert with stronger stock and commodity prices as risk appetites on Wall Street remain healthy. U.S. dollar strength versus the euro...
Apr 5, 2010
Summers are traditionally a dull period for the commodities market, but this year, even as the temperature begins to rise, the commodities markets have remained strong.
Apr 5, 2010
Apple Inc. said Monday that it sold more than 300,000 iPads on its opening day, meeting the expectations of some analysts while underscoring the challenges the company still faces marketing the muc...
Apr 1, 2010
Oil prices rose above US$84 a barrel Thursday, extending a two-month rally amid surging regional stock markets ahead of the Good Friday holiday.
Apr 1, 2010
Anooraq Resources saw pgm production at its Bokoni Platinum Mines facility remain flat during the fourth quarter of 2009, it emerged yesterday (31st March).
Apr 1, 2010
The latest news out of China of gold marketing co-operation between the country's largest bank and the World Gold Council will likely help underpin gold prices at the very least.
Mar 31, 2010
An agricultural silo filled with grain. A mine shaft. An underground hydro vault. These are but a few of the myriad confined spaces that thousands of Canadian workers enter as part of their jobs ev...
Mar 31, 2010
NextEra Energy Resources thought it had a golden project.
Mar 31, 2010
It is tempting to dismiss gold producers as a homogeneous group of stocks that merely trade with the price of gold. What a mistake.
Mar 31, 2010
Canada's economic recovery accelerated in January at the fastest pace in three years, led by the manufacturing, construction and wholesale sectors, Statistics Canada reported Wednesday.
Mar 30, 2010
Positive news on the economy is boosting copper prices.
Mar 30, 2010
Oil prices rose to near $83 a barrel Tuesday in Asia, extending gains from the previous day fueled by a U.S. dollar drop and surging equity markets.
Mar 30, 2010
NEC Corp., Japan’s largest maker of personal computers, will invest more than 50 billion yen ($542 million) to expand production of parts used in lithium- ion batteries supplied to Nissan Motor Co.
Mar 30, 2010
Gold slipped in afternoon trade on Tuesday, coming under pressure after the euro surrendered earlier gains against the dollar on worries about euro zone fiscal health.
Mar 30, 2010
Honda Canada says it will start up a second shift and add 400 jobs at its No. 2 assembly plant in central Ontario early next year, the second major automaker in less than a week to announce plans f...
Mar 29, 2010
Halliburton Co. and Schlumberger Ltd., trying to forestall a regulatory crackdown that would cut natural-gas drilling, are developing ways to eliminate the need for chemicals that may taint water s...
Mar 29, 2010
A big day for the metal ETFs has investors searching for the metal ETF that best fits their portfolio. Most investors initially turn to the SPDRs Gold ETF (NYSE: GLD), one of the most widely held E...
Mar 29, 2010
Demand for gold from China will double within the next decade, according to a report from the World Gold Council.
Mar 29, 2010
Rising interest rates this summer should not derail the stock market recovery because higher borrowing costs won't damage the economy, says a report from CIBC World Markets.
Mar 26, 2010
China overtook the US during 2009 to become the leading investor in renewable energy technologies, according to a new analysis.
Mar 26, 2010
Was US regulator the CFTC right this week to discuss position limits in Gold Futures and options...?
Mar 26, 2010
Gold Participation and Income Fund (the "Fund") announces results for the period from inception on August 7, 2009 to December 31, 2009.
Mar 26, 2010
Officials say explosion ripped hole in military boat near North Korean waters; more than 100 aboard
Mar 25, 2010
Alberta Says Efforts Pay Off; Proposed fuel standards may be weakened
Mar 25, 2010
Platinum metal, its stocks and its ETF will outperform gold. Yes, we all know all the attention that gold is getting due to the global currency printing presses and serious concerns of inflation.
Mar 25, 2010
Federal regulators in the U.S. are weighing whether to restrict the volume of speculative trading in metals futures, as gold prices have surged in an investor fever.
Mar 25, 2010
The Federal Reserve will be ready to unwind massive measures that helped rescue the US economy "at the appropriate time," chairman Ben Bernanke said Thursday.
Mar 24, 2010
A pair of surveys on housing prices released Wednesday show that many Canadians are worried about rising prices and interest rates, but that is not stopping many from entering the housing market so...
Mar 24, 2010
Canada Energy Partners Inc. (TSXV:CE) says eight wells that have been producing coal-bed methane in the Peace River area will be shut in by the operator by May 1.
Mar 24, 2010
Capstone Mining Corp. (TSX:CS) incurred an $18.3 million net loss in 2009, the Vancouver-based copper miner has announced.
Mar 24, 2010
* Euro falls more than 1 percent as fears persist over euro zone * Oil slides more than $1 after stocks data as dollar weighs * SPDR gold ETF holdings rise to highest since January
Mar 23, 2010
Oil prices drifted in Tuesday morning trading as higher stock prices waged a tug-of-war with the stronger dollar and signs of lackluster energy demand.
Mar 23, 2010
Canadian miners Quadra Mining Ltd. and FNX Mining Company Inc. are merging to try and create a new leader among mid-sized copper miners.
Mar 23, 2010
Gold rallied to a high of 1133.3 last week but fell sharply by Friday's close. A head and shoulder pattern has emerged that forecasts a short term bearish trend for the gold price…
Mar 23, 2010
Canada's housing boom will continue this spring as exceptionally low mortgage rates - and the expectation that borrowing costs will soon be headed higher - add a sense of urgency to consumer buying.
Mar 22, 2010
Rising natural gas prices will boost profits and more than offset falling production in Canada, although costs are expected to rebound in 2010, according to a new report by the Conference Board of ...
Mar 22, 2010
The Government will open up more protected land for mining beyond the first three areas announced yesterday, adding further fuel to criticism that the plans put New Zealand's environment and green ...
Mar 22, 2010
The Vietnam Gold Business Association will request the government to remove restrictions on gold imports so that they are determined by local supply and demand, an official said.
Mar 22, 2010
A growing number of foreign businesses in China feel shut out under new government policies promoting homegrown technology, according a survey released Monday.
Mar 19, 2010
You can't know for sure what the Bank of Canada is thinking. But you can know what the markets think it's thinking. And this morning, markets are betting the central bank is thinking about raising ...
Mar 19, 2010
The combination of a muscular U.S. dollar and an Indian rate hike acted as a one-two punch sent gold futures reeling Friday.
Mar 19, 2010
Toronto-based Barrick Gold Corp. said Friday it expects to raise net proceeds of more than $842 million in the first public sale of shares in its new subsidiary, African Barrick Gold.
Mar 19, 2010
The Russian Federation transportation ministry announced this week that it is drafting legislation that will define Moscow’s understanding of the exact dimensions of the Northern Sea Route and set ...
Mar 18, 2010
Although most polls show that the American public is in favor of offshore oil drilling, the Obama administration is ready to ban it. Meanwhile, according to an editorial in the Washington Times on...
Mar 18, 2010
Detour Gold Corporation ("Detour Gold" or the "Company") is pleased to announce that effective March 22, 2010, the Company will be included in the S&P/TSX Global Mining Index and the Global Gold In...
Mar 18, 2010
PRESSURE on the Euro has eased, the US Dollar index corrected lower, and both gold and silver have seen profit taking (especially in non-Dollar terms) as money managers apparently believe the newes...
Mar 18, 2010
Canada’s strong rebound from recession won’t be sustained as headwinds gather to slow growth, according to a new report from the TD Bank.
Mar 17, 2010
The Toronto stock market closed slightly higher as commodity prices rose in the wake of the U.S. Federal Reserve's announcement that it will leave interest rates at historic lows to help the econom...
Mar 17, 2010
Canada’s benchmark stock index got a boost Wednesday from rising oil prices and better-than-expected wholesale trade numbers.
Mar 17, 2010
Platinum, trading at an eight-week high, may “soon reach” $1,662 an ounce, according to technical analysis by Commerzbank AG.
Mar 17, 2010
The high Canadian dollar appears to be here to stay despite what the Bank of Canada or inflation do to impact the currency.
Mar 16, 2010
Bravo Gold Corp. /quotes/comstock/11v!bvg (CA:BVG 0.35, -0.01, -1.43%) (FRANKFURT: B6I) reported today the status of the 2009 drilling program and plans for the 2010 exploration program at its Ho...
Mar 16, 2010
Toronto-based company Kinross Gold Corp. reached a definitive agreement Tuesday to buy the rest of Underworld Resources Inc.
Mar 16, 2010
Federal Reserve officials repeated their pledge to keep the main interest rate near zero for an “extended period” and confirmed that emergency measures to prop up the housing market will end as pla...
Mar 15, 2010
A final review of fourth quarter of 2009 earnings reports from the energy sector indicates additional evidence to support the case for a sharp rise in oil service costs in 2010, as the recovery in ...
Mar 15, 2010
First Trust, the ETF issuer best known for its line of quant-based AlphaDEX funds, introduced two new ETFs last week that tap into an increasingly popular investment strategy. The First Trust ISE G...
Mar 15, 2010
GOLD rose today as investors bought the metal for its allure as an alternative currency, despite lower risk tolerance and a higher US dollar.
Mar 15, 2010
The commodities sector led the way to a decline on the Toronto stock market Monday amid concerns over sovereign debt ratings in some of the world's most powerful countries and worries that the Chin...
Mar 12, 2010
Sometimes, the little guy really does win. After a legal battle spanning two lawsuits and more than eight years, it took a Los Angeles Superior Court jury just one and a half days of deliberation t...
Mar 12, 2010
Gold prices briefly fell below $1,100 an ounce on Friday, weighed down by preweekend profit-taking and broad-based commodity weakness led by oil.
Mar 12, 2010
Canada's loonie touched a 20-month high Friday as it continued a race towards parity with the U.S. greenback at speeds that confounded even some of the most bullish expectations.
Mar 11, 2010
BP has bought into the Brazilian oil rush with a $7bn (£4.65bn) deal that will boost the group's potential reserves by about 2bn barrels of oil.
Mar 11, 2010
The rand declined for a second day as precious metals prices fell and manufacturing in South Africa increased less than analysts estimated, signaling a slower recovery from last year’s recession.
Mar 11, 2010
Coeur d'Alene Mines Corporation (ASX:CXC) today announced that its San Bartolome silver mine in Bolivia has begun mining operations in a higher grade material located in the Huacajchi deposit above...
Mar 11, 2010
It's not exactly the Klondike Gold Rush, Part II, but Kinross Gold's decision to buy out a Yukon miner has turned investors and analysts to looking for other companies in the northern territory tha...
Mar 11, 2010
The new Chilean president, Sebastián Piñera, had not even taken office on Thursday when major aftershocks rocked the central coast of this earthquake-ravaged country. But within hours of his inaugu...
Mar 10, 2010
As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets.
Mar 10, 2010
Financial Post reporters Peter Koven and Eric Lam have been roaming the halls of the Prospectors and Developers Association of Canada annual conference, which ends today. Here are some of their rep...
Mar 10, 2010
At just under $60-billion, the value of completed and pending M&A activity in the mining industry was close to rock bottom in 2009. Now it's time to cue the comeback.
Mar 10, 2010
Canada's five biggest banks saw their profits soar by nearly two-thirds in the latest quarter ended Jan. 31. Some facts:
Mar 9, 2010
Russia will provide by the end of 2010 the first batch of low-enriched uranium for an international nuclear fuel reserve bank under control of the UN nuclear watchdog IAEA, a senior official said.
Mar 9, 2010
While some experts say gold is now a bubble, a slew of prominent investors and analysts disagree.
Mar 9, 2010
Precious metal prices pared earlier gains and ended lower on Monday, 08 March, 2010. Prices fell as the dollar, which oscillated between gains and losses for the entire day ended higher at the end ...
Mar 9, 2010
Canada's five biggest banks saw their profits soar by nearly two-thirds in the first quarter of 2010 compared to the same period a year before when the recession had battered away at earnings.
Mar 8, 2010
Royal Dutch Shell Plc and PetroChina Co. made an offer worth more than A$3.3 billion ($3 billion) to acquire Arrow Energy Ltd., the holder of Australia’s biggest coal-seam gas acreage, triggering a...
Mar 8, 2010
Gold prices in New York fell the most in a month on speculation that Greece’s fiscal crisis will be resolved, reducing demand for the metal as a haven.
Mar 8, 2010
Toronto—Platinum group metals remain attractive investments because of their duality and the continued demand for automobiles in China and India, according to Jeffrey M. Christian, managing direct...
Mar 8, 2010
The Canadian dollar rose to its highest level since January against its U.S. counterpart Monday after statistics showed a strong increase in housing starts in February.
Mar 5, 2010
Gold was roughly at the same level as yesterday, supported by a stronger euro, while the US dollar weakened ahead of today’s key US non-farm payrolls update.
Mar 5, 2010
Daylight Resources Trust (TSX:DAY.UN) is buying West Energy Ltd. (TSX:WTL) for $570 million in cash and shares, including debt, as the junior oil trust seeks to expand its holdings in the Pembina o...
Mar 5, 2010
Greek police clashed in front of parliament with stone-throwing youths protesting against austerity measures on Friday but lawmakers still passed the bill in an emergency vote.
Mar 4, 2010
Gold futures fell the most in more than a week as the advancing dollar reduced demand for the metal as an alternative investment.
Mar 4, 2010
Crude oil fell on Thursday as the U.S. dollar climbed the most against the euro in two weeks, reducing the appeal of commodities as an alternative investment.
Mar 4, 2010
Precious metals extended their advance Wednesday as the announcement of further aggressive spending cuts and tax hikes by the Greek government to tackle its burgeoning deficits prompted further gai...
Mar 4, 2010
In the aftermath of its controversial decision to allow Egyptian-backed Globalive Communications Corp. into the cellphone market, the federal government said Wednesday it is prepared to open its doors
Mar 4, 2010
Investment guru Marc Faber recommends buying gold regularly, as central banks monetize their countries’ debt.
Mar 3, 2010
NEW YORK (AP) - Oil prices have risen above US$80 a barrel as the dollar weakened and refineries increased production ahead of the traditionally busy summer driving season.
Mar 3, 2010
EXCITING times have returned to the platinum sector, which is good news both for investors and for 'South Africa Inc', which dominates world supply of the metal.
Mar 3, 2010
Montreal (Kitco News) -- Sovereign credit bonds are as significant in fueling gold's current rise as is a lack of supply, Don Coxe, Strategy Advisor for BMO Capital Markets, said Wednesday.
Mar 3, 2010
Even as many Americans still struggle to recover from the country's worst economic downturn since the Great Depression, another crisis – one that will be even worse than the current one – is loomin...
Mar 2, 2010
Korea Gas Corp. is making a $565-million investment in two promising natural gas plays in northeastern British Columbia, becoming the latest South Korean company to push into Canada's energy sector.
Mar 2, 2010
Platinum and palladium led metals higher Tuesday following upbeat reports on auto sales.
Mar 2, 2010
Gold futures rose 1.7% on Tuesday, touching their highest level in six weeks, as the euro gained on the U.S. dollar and added to the appeal of gold as an alternative investment.
Mar 2, 2010
Greek Prime Minister George Papandreou said on Tuesday his country was fighting for survival against bankruptcy and urged civil servants and pensioners to accept sacrifices to save the debt-burdene...
Mar 1, 2010
George Soros is helping drive up gold prices by doubling his bet in a market even he considers a “bubble” as Goldman Sachs Group Inc., Barclays Capital and HSBC Holdings Plc predict more gains befo...
Mar 1, 2010
Toronto's main stock market index was higher on Monday morning as mining shares gained on surging copper prices after a massive earthquake in top producer Chile shut in up to a fifth of that countr...
Mar 1, 2010
Construction spending fell for a third straight month in January as a lag in commercial activity such as office buildings and hotels offset a housing rebound.
Feb 26, 2010
Gold futures declined to a one-week low on speculation that a sluggish economic recovery will curb the metal’s appeal as an inflation hedge.
Feb 26, 2010
Canada's federal budget deficit grew by $3.05-billion in December, an improvement from the previous month, on lower personal tax revenue and higher Employment Insurance payouts, data from the Depar...
Feb 26, 2010
The stocks of solar panel makers are taking a beating. The solar-focused exchange-traded fund TAN is down 26% this year, compared with a drop of just a half a percent in the S&P 500. The worst may ...
Feb 26, 2010
India, the world’s biggest consumer of bullion, raised import duties on gold, silver and platinum to reflect higher global prices for the precious metals.
Feb 26, 2010
Oil prices hovered above $78 a barrel Friday amid a weaker dollar and mixed signals about global crude demand.
Feb 25, 2010
On May 20, 1982, in one of Britain's last imperial flings, 6,000 British troops and some twenty warships and fighter jets landed at San Carlos, the opposite side of East Falkland, or Islas Malvinas...
Feb 25, 2010
This week has been playing out as we expected. Last week we saw the market rally on light volume into a resistance zone on the daily chart. Light volume rallies are always a warning sign, much like...
Feb 25, 2010
The International Monetary Fund (IMF) said it had no comment on a rumor that China is the buyer of the remaining 191.3 tons of gold the IMF is selling.
Feb 25, 2010
Two of Canada's big banks kicked off earnings season with stronger-than-expected growth in profits on Thursday, setting the stage for a rise in bank shares and upping the ante for rivals' profits n...
Feb 25, 2010
Gold futures declined to a one-week low on speculation that a sluggish economic recovery will curb the metal's appeal as an inflation hedge.
Feb 24, 2010
The U.S. Commodity Futures Trading Commission (CFTC) will scrutinize whether speculators in the base and precious-metals markets should be subject to trading limits, The Wall Street Journal reports...
Feb 24, 2010
Heating oil and natural gas prices inched higher Wednesday as another powerful winter storm barreled toward the energy hungry Northeast.
Feb 24, 2010
General Motors said Wednesday it was unable to complete the sale of its Hummer brand to China-based Tengzhong and would wind down operations of the brand of military-style sport utility vehicles.
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