James C. West is seeing incredible growth ahead for oil production around the world. In this interview, he explains how likely constitutional change in Mexico will spur momentous industry growth, along with new deepwater targets opening up in offshore China.
Gold's earlier 4.0% jump came after Federal Reserve Chairman Ben Bernanke confirmed that the U.S. central bank will maintain its "highly accommodative monetary policy for the foreseeable future [because it] is what's needed."
Gold exchange traded funds saw their twelfth straight week of outflows last week, implying ongoing selling of their shares by investors. The largest gold ETF, SPDR Gold Trust, saw its total gold holdings fall to a 44-month low
Wholesale Gold Bullion prices climbed back above $1,660 an ounce Tuesday morning, broadly in line with where they ended last week, as stocks and commodities fell slightly and the dollar ticked higher against the euro ahead of tomorrow's interest rate decision from the U.S. Federal Reserve.