Monthly Archives: December, 2010

Shanghai Pushing Gold to $ 1,600 Thwarts Battle Mine Shut

Yu Zudong driving an orange truck rattling down Xiaoqinling mountain in central China, through a landscape pockmarked with caves gold and garbage-strewn tent houses for workers. “Everyone here wants to earn a fortune,” said Yu, a migrant miner that a cargo of 24 tons of gray rocks to take a mill town in the foot [...]

Gold hits 3-week high, silver up but volume thin

Gold rose to its highest in three weeks and silver rose in the direction of a 30-year high on Wednesday, as thin volume and a weaker dollar drove bullion within $ 20 of his record. The gold buying accelerated as the dollar hit a seven-week low against the yen and fell against the euro. U.S. [...]

Energy at lower prices, still about two years high – Oil and gas prices slide despite snow and cold weather

Energy prices fell Wednesday while the east coast continued to dig out from Blizzard Monday and a cold wave swept into other parts of the country. Fuel oil, natural gas and other energy products are generally more expensive as the weather chills. But analysts said most retailers have already locked in their energy contracts for [...]

Oil, gasoline fall on supply, demand Outlook

Crude oil fell from near a 26-month high on speculation U.S. inventories will climb in January as demand for fuel drops in the world’s largest oil consuming country. Gasoline and heating oil also declined. Trading volume was near the lows of the year. Crude Oil Crude oil for February delivery fell 37 cents, or 0.4 [...]

China Industrial arrested on illegal mining

BAISHAZHEN, China – the biggest three elderly rice farmers had outsiders write an illegal quarry to show himself the gangster-run mine that has poisoned his village fields and streams. Suddenly, a blue Hyundai sport utility vehicle accelerated to himself in a cloud of red dust. A Toyota pickup pulled behind ITS Tinted windows too dark [...]

Gold’s Best Forecaster says Prices to Reach $ 1,630

Gold may climb as high as $ 1,630 an ounce next year as investors seek protection against the financial turmoil in Europe and the U.S. and Chinese demand is rising, according to Tom Kendall, the most accurate forecaster for 2010. The chart shows gold DAY 26 percent gain this year and December 7 record $ [...]