Monthly Archives: October, 2010
New Orleans Investment: Lundin said Gold’s Resiliency Keeps Serious Corrections at Bay
Gold and silver prices have been remarkably resilient during the talk about the midterm elections in the U.S. Federal Reserve and the potential for quantitative easing next week, but there is a correction after these events unfold, according to Brien Lundin, editor of the Gold Newsletter. In an interview with Kitco News from the New [...]
Gold declines as stronger dollar erodes demand for alternative investments
Gold futures rose, heading for third consecutive monthly gain on speculation that the Fed will raise the debt purchases, weakening the dollar and boosting the appeal of the metal as an alternative investment. Gold is up 2.9 percent this month while the dollar has fallen 1.9 percent against a basket of six major currencies on [...]
Oil Spill report may not affect the liability Halliburton
Halliburton Co. ‘s role in the disaster rig Deepwater Horizon is facing a new investigation after federal investigators this week led to new questions about a good job of cementing the ill-fated business at Macondo BP is good. Although the findings may have spooked investors, they are probably the oilfield services giant additional liability in [...]
Future Oil: Nymex Crude settlement lower after GDP report
NEW YORK (Dow Jones) – Crude oil futures lost ground Friday after a report showed only a modest U.S. economic growth in the third quarter, capping one week where prices remained within a narrow bandwidth. Light, sweet crude for December delivery settled down 75 cents, or 0.9%, to $ 81.43 a barrel on the New [...]
Gold, Copper fall On Strong Dollar, but Crop Grains Rise Amid Worries
Most commodities fell on Wednesday, hurt by a strong dollar and risk reduction by that fear of the U.S. Federal Reserve may be less aggressive than previously thought in efforts to stimulate the economy. Copper settled down over 2% and gold fell more than 1% as the dollar rose to one week high against a [...]
Caterpillar Wuxi R & D center will be LEED Gold certification
Wuxi, China – Caterpillar Inc. (NYSE: CAT) today announced that the company’s multi-functional research and development (R & D) center in Wuxi, Jiangsu Province, was awarded Gold certification for Leadership in Energy and Environmental Design in the new category (LEED-NC). The Wuxi R & D Center, a full Caterpillar subsidiary, is the headquarters and main [...]
