Markets are reflecting heightened uncertainty with continued gains for precious metals as well as oil. Base metals have been trending lower as would be expected during dollar strength, but broader considerations are also part of this.
Events in Arabia have been sending flutters through the market. Egypt, by far the largest Arab state, has shifted into a virtuous economic growth cycle confirming it as an important emerging market regional center.
The editor of the Resource Opportunities newsletter and expert on mining investments explains why he loves the prospect generator model and why now is the perfect time to snub bullion and cozy up to mining equities.
The London Metal Exchange tallied new records for volume and value of trading in 2010, increasing volume by 7.4% to trade a total of 120.3 million lots and boosting the notional value of all contracts traded to $11.6 trillion.
Spot gold traded closely in line with the Euro currency on Monday morning, initially rising after Ireland agreed a EUR90 billion rescue package from its European partners and the International Monetary Fund.
Did we mention we're contrarians at heart? As October wore on and legions of new "experts" declared resources the place to be we started to get uncomfortable with the sudden surfeit of company we had in the metals space.
The International Monetary Fund has found 'few convincing signs' of significant base metal supply growth but increasing demand portends scarcity, rising metal prices and a balance of price risks "tilted toward the upside."