Saudi Arabia Pours Oil Investment into Australia
May 28th, 2008 | By Al Robinson | Category: Gold MarketNow, here’s something a little different. The high oil price is driving up the price of shares mineral sands companies.
Now, here’s something a little different. The high oil price is driving up the price of shares mineral sands companies.
Why? Because it could make us all rich. Oil is now just a whisker shy of $120 - some even think it will hit $150 this year. So, forget the bleating about pain at the pump - the rising price of black gold should be a shot in the arm for the Profit Hunter portfolio.
“It’s one of those days where nothing much seems to be happening,” I said as I sat down at our morning meeting. Boy was I wrong!
Stocks Sideways as Earnings Reports Await… Gold Shrugs off IMF Sale Report… Dire Forecast From World’s No. 2 Oil Producer… Food Riots in Africa, Caribbean…and a Worrisome Sign in New York City… Kerr’s Farmer Contacts Bring Bad Tidings on Ethanol Plants, 2008 Crops.