All Posts Tagged With: "palladium"
Resource Stock Roundup: Friday, June 20th, 2008
Profit taking was the name of the game during Thursday trading on the Canadian Markets.
And Then There’s This…Saturday, June 14th, 2008
Gold rose when Globex trading resumed in New York late Thursday evening, but sold off the second the Sydney market closed for the weekend. The bottom was in London…about 7:00 a.m. NY time. From there it rose (with lots of opposition) until Globex trading was through for the weekend in New York.
Resource Stock Roundup: Saturday, June 14th, 2008
The Canadian Markets managed to pull off a strong rally during Friday trading, with a new gold company sparking interest.
Global Credit Crisis Spreads to Scandinavia
Sweden and Norway’s banking systems, previously untouched by the world global credit crisis, look set to be the latest victims of the credit crunch, reports Britain’s Financial Times.
Sweden’s Riksbank said the global credit crisis increased the sensitivity of banks to other shocks, adding that it had warned that growth in the Baltic states could slow down more suddenly than expected.
Dominic Frisby in Money Week reckons the spread of the global credit crisis will benefit gold and precious metals.
Silver Prices Fall Along With Gold
Silver prices for immediate delivery fell by 1.4% in London today, while platinum fell 3.9% and palladium dropped by 2%. Gold also fell for the second day running. This from Bloomberg.
Silver for immediate delivery fell 24 cents, or 1.4 percent, to $17.19 an ounce in London. The metal will trade at $17.20 in one month and $16 in three months, UBS forecast.
And Then There’s This…Wednesday, May 14th, 2008
Early Tuesday morning trading in the Far East looked virtually the same as it did on Monday for gold. But once the Comex opened (minutes before, actually) gold got absolutely hammered.
This Precious Metal Is Ready to Run Again
Palladium, the redheaded stepchild of the precious-metals market, looks ready to make a major move.
And Then There’s This…Saturday, May 10th, 2008
Gold started making an upwards move at precisely midnight on Thursday night. It, and silver, rose until shortly before 6:00 a.m. New York time, when both mysteriously started to sell off.
Power to the Platinum Price
South Africa ’s power cuts are serious. There is no doubt about that. A contact, who recently returned from a business trip to Johannesburg, says outages were happening for between two and four hours a day.
‘Cheer Up’ Says the Bank
In England, it’s local elections. In London, it’s decision time for choosing a Mayor too… Ken, Boris or Brian..?
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