Monthly Archives: December, 2010

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 $ [...]

Stephen Baldwin complains Kevin Costner in BP Oil drama

In the middle of the oil spill in the Gulf of Mexico by BP drilling rig, Deepwater Horizon, a number of news outlets got a bunch of yuks with the news that Kevin Costner was the potential savior for the crisis – that his company, CINC (Costner in Nevada Corporation “), had developed a technology [...]

Oil Trade than € 91 a Retail Sales Gain, Stocks May Fall

Oil traded above $ 91 a barrel in New York after a report showed U.S. retailers had their best holiday sales in five years and crude supplies were forecast their biggest monthly drop since December 2006 to expand. Futures advanced 0.5 percent yesterday after MasterCard reported holiday sales rose 5.5 percent to 584 billion U.S. [...]

China cuts rare earth export quotas, U.S. concerned

China said on Tuesday it will export quota for rare earth minerals with more than 11 percent in the first half of 2011 further shrinking supplies of materials needed to complete a series of high-tech products make. China produces about 97 percent of rare earth minerals, used worldwide in high-technology, clean energy and other products [...]