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| | Newsletter Brief
| Good morning, Resource Investors. Gold is once again threatening the historically significant number of $1,000 per ounce, powering higher on a U.S. dollar that just keeps slipping. Massive stock market gains, including a 200-plus-point surge in the Dow Jones Industrial Average on Monday to start this week, pared gold's attractiveness as a safe haven. Holdings in the SPDR Gold Trust exchange-traded fund also rose on Monday for the first time in six sessions, to 1,134.03 metric tons, according to latest data from the fund. Copper and other base metals benefited from improving economic sentiment over the past week – an argument also supported by the stock market gains. One report suggested mid-last week that consumer confidence is improving. Another indicated this week that the housing market may be recovering. In addition, a weak dollar continues to support copper, along with the data that show strong April pending U.S. home sales. May was profitable for those bullish crude oil, which soared 30% that month alone. Both prevailing fundamental and technical news for the commodity generally support higher prices. However, massive inventories, built up during the ongoing global recession, still cast a shadow over crude oil prices. A recovering economy may be able to absorb the extra supply before the reality of surplus oil comes crashing down on the market, but that's still an open question. It's all in these headlines, where you can catch up with what happened in the resource markets this past week – and prepare for the next. James Holter
Resource Investor | | | | | Top Stories
| June 01, 2009 - By Jeremy Ascher Crude oil prices soared 30% in the month of May, posting the commodity's biggest monthly gain in 10 years. Here's an update on the fundamental and technical landscape.... May 30, 2009 - By David Morgan Some are suggesting we've reached peak silver. Even a quick look at the facts shows how unlikely that prospect is.... May 30, 2009 - By David Coffin and Eric Coffin Amid the greatest economic realignment since Genghis Kahn took over Eurasia's trade routes, a big-picture perspective is necessary to suceed in the metals markets.... May 28, 2009 - By Marc Davis The dominance of Canada's high-powered cartel of three major potash producers may come to an end if a couple of small but well-financed potash exploration upstarts continue their winning ways.... May 30, 2009 - By Harold Clifford The 2008 once-in-a-lifetime general stock market meltdown brought panic and forced liquidation, creating once-in-a-lifetime values for discerning investors.... May 26, 2009 - By Frank Holmes After spending a week in Singapore meeting with senior management of leading regional corporations, this U.S. executive is sold on Asia.... June 01, 2009 - By John Derrick May was a great month for commodities, precious metals and emerging markets. Here's why the strong performance should continue.... May 30, 2009 - By Scott Wright While the stock market is showing signs of recovery, what about commodities? This review shows how various commodities have stacked up since the stock market bottom.... May 28, 2009 - By Brian Hoffman Although last week's higher than expected gas storage update is bearish in the short-term for natural-gas prices, the longer term outlook bodes well for significantly higher natural-gas prices.... May 28, 2009 - By Salida Capital It's difficult to look at a chart of U.S. natural gas prices (combined with the resulting collapse in rig counts) and not be at least a little bit intrigued. This comprehensive report tells why.... June 01, 2009 - By U.S. Global Investor Gold always attracts attention among investors, and with today's prices close to $1,000 per ounce and inflation worries on the rise, interest in the yellow metal is especially keen.... May 26, 2009 - By David Coffin and Eric Coffin A review of stress tests, resource stocks poised to move and discussions on copper.... June 02, 2009 - By The Wall Street Journal On Tuesday, gold settled at $983.20 a troy ounce, up 0.5%, and is now just 2% shy of its all-time high of $1,003.20 scored in March 2008.... June 01, 2009 - By The Herald The 2002-2007 global mining boom is expected to resume by the end of 2010, Zimbabwe Prime Minister Morgan Tsvangirai has said.... June 01, 2009 - By Bloomberg Gold climbed to the highest in more than three months as a slumping dollar increased demand for the precious metal.... June 01, 2009 - By Press Release Aurizon Mines offers a progress report on exploration activities at a northwestern Quebec mine property.... May 29, 2009 - By Financial Post This analysis suggests that prices have topped out after anticipating a recovery in the auto sector.... May 28, 2009 - By RTTNews The price of gold climbed higher on Thursday as encouraging economic data raise the prospects of inflation.... May 27, 2009 - By Reuters While the dollar tires to regain poise, markets are focusing on what makes it most vulnerable -- a trillion-dollar-plus U.S. deficit and the impact of unorthodox monetary policy to boost lending.... May 27, 2009 - By Forbes It may be this year's worst-performing precious metal, but don't rule it out just yet.... May 27, 2009 - By Press Release Company announces assay results from several drill holes at the Haile Gold Mine in South Carolina.... June 02, 2009 - By Reuters U.S. copper futures drifted lower, but remained supported by a deteriorating dollar and upbeat economic data.... June 02, 2009 - By Bloomberg Owner of stakes in the world's two biggest copper mines said the metal may reverse recent gains in the next nine months.... May 29, 2009 - By Bloomberg Asia's third-largest steel mill agreed to a 33 percent cut in iron ore prices with the world's second-biggest supplier.... May 28, 2009 - By The Daily Reckoning For the first time in years, the Chinese have become net importers of molybdenum.... May 28, 2009 - By Reuters April copper output falls 1.3 percent vs year ago.... May 26, 2009 - By RTTNews Following a report that U.S. consumer confidence is on the upswing, copper rallied to its highest price in 2-1/2 weeks.... June 02, 2009 - By Press Release Osisko updates the deposit estimate for Canadian mine.... June 02, 2009 - By Press Release Apollo Gold provides an update on it's Black Fox mine and announces that the first gold bars from the mine have been poured.... May 28, 2009 - By Press Release Mining company has private placement of 60 million shares at a price of A$1.02 per share.... May 27, 2009 - By Reuters Kazakhstan said it was investigating past sales of the country's uranium assets to foreign companies, causing a drop in the stock price.... May 27, 2009 - By Press Release The EDHEC Risk and Asset Management Research Centre has announced the results of the EDHEC European ETF Survey 2009.... May 27, 2009 - By Press Release Victoria CEO: "The acquisition of StrataGold is an important and positive milestone for Victoria.".... May 26, 2009 - By Reuters Sees gold hitting new high this year, with lower costs in second quarter, and shares rising by 2%.... May 26, 2009 - By Press Release Centerra Gold Inc. announced that unionized employees of its Boroo Mine in Mongolia today initiated a work stoppage.... May 26, 2009 - By Press Release Indicator Minerals Inc. has granted 1,125,000 incentive stock options to directors, officers, employees and consultants, exercisable for up to five years at a price of $0.12 per share.... May 28, 2009 - By Bloomberg Russia will avoid flooding the world diamond market, as it did in the 1990s, with the stocks it has building up since demand slumped with the global economy.... May 27, 2009 - By Xinhua News Australian mining magnate Clive Palmer announced a massive coal deal with China on Wednesday that will require building the country's largest thermal coal mine.... | | | | Testimonials
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