Resource Stock Roundup: Friday, May 16th, 2008
May 16th, 2008 | By Doug Casey | Category: Gold MarketThe Canadian Markets continued to move higher during Thursday trading, as green lights were seen across the board.
The Canadian Markets continued to move higher during Thursday trading, as green lights were seen across the board.
It was another strong start to the week for the Canadian Markets as investors continued to buy select companies during Monday trading.
It was another rough ride for the Canadian markets as the resource-rich bourse followed the price of most commodities and moved lower during Tuesday trading.
If there’s one area of the commodities markets that’s looking extremely cheap right now, I would say it’s uranium. Or rather uranium junior mining companies.
The new story on China and commodities is a lot like the old story on China and commodities. The Australian reports China is eyeing a large stake in the world’s largest diversified commodity producer, BHP Billiton. It’s the latest in China’s enormous effort to lock up iron ore, copper, zinc, oil, and uranium deposits for the next few decades.