September 30, 2010

Spot Platinum Prices Eclipse Spot Gold Prices

[at TheStreet.com] – Spot gold prices have been lackluster on Thursday upon the surprise outcome in the Chicago Purchasing Managers Index and to a certain degree the decline in jobless claims.

Categories: Commodities Trading 



Argentina s mining industry

[at Reuters] – Argentina s Senate passed a law on Thursday that curbs mining on and around the nation s glaciers to protect water supplies, a measure praised by environmentalists but criticized by industry supporters.

Categories: Commodities Trading 

Energy stocks rise 11% in Sept., 17% in quarter

[at MarketWatch] – Energy stocks finished out the last day of the third quarter of 2010 on Thursday, with petroleum shares on the rise, drilling stocks lower and natural gas stocks about flat. The NYSE Arca Oil Index rose 0.4% to 1,033.

Categories: Commodities Trading 

Energy Leaders Blame Oil and Gas Subsidies for Weak Prospects

[at New York Times] – Powerful energy companies on Thursday blamed subsidies to oil and natural gas companies for damaging the ability of the clean-energy industry to recover from the economic slowdown.

Categories: Commodities Trading 

Corn prices slump on surprise inventory total

[AP] – Corn prices slumped Thursday after a new government report said inventories were higher than expected, which caught traders by surprise.

Categories: Commodities Trading 

Metals Stocks: Gold caps record-setting month with slight drop

[at MarketWatch] – Gold weakens but gains about 5% for month and quarter. Silver and copper do even better.

Categories: Commodities Trading 

Gold Prices Edge Lower in Volatile Trading

[TheStreet.com] – Gold prices were rallying Thursday as eurozone worries sparked safe-haven buying.

Categories: Commodities Trading 

Cocoa prices reined in by favourable weather

[at Financial Times] – After four years of shortages that sent the price of cocoa to its highest level in three decades, traders almost unanimously believe that the cocoa market is set to move into a surplus in the 2010-11 marketing year, which starts on Friday.

Categories: Commodities Trading