Monthly Archives: August, 2011
Gold rallied to a record above $ 1,900 an ounce, Gartman said the prices will go “parabolic.”
Gold rallied to a record above $ 1,900 an ounce, the metal pushed overbought levels according to technical analysis tools, such as economist Dennis Gartman said the prices will go “parabolic.” Bullion relative strength index has topped 70 since Aug. 5, a signal to some investors who study technical charts that prices can be set [...]
More oil is needed to clean the TC dike
Texas City – Cleanup along the south bank of the Texas City Dike after a weekend oil spill that about 2,500 liters of heating oil in the water sent. While most of the oil that spilled from a barge Buffalo Marine Service Friday evening, were removed from the water, crews have yet to get any [...]
Montana Says Exxon Pipeline Spill to cost $ 42.6M
Exxon Mobil Corp. (XOM), the world’s largest oil company by market value, estimated the cost to July 1 spacious single oil spill in the Yellowstone River in Montana is $ 42.6 million, according to a filing with federal regulators. The company’s emergency response to the spill from the Silvertip pipeline will cost $ 40 million [...]
The Great Gold Binge nearing an end
Gold prices catapulted to a new record Friday as fears of a global double-dip recession sent investors piling into the safe haven metal. Despite the flight to safety, experts warn that the time may be for the current rally. Gold for December delivery jumped $ 30.20 to close at $ 1,852.20 an ounce on the [...]
Gold surges to record 2 percent on economic fears
Gold rallied 2 percent to a new high above $ 1,820 an ounce on Thursday after the U.S. point to a stalled economy, while the renewed concerns over the health of European banks in additional safe haven buying. Bullion fourth consecutive daily rise came after news that factory activity in the U.S. Mid-Atlantic region plummeted [...]
Oil Prices Revive Eurozone Comments
Oil prices were swept back into positive territory on Friday eurozone reassuring news. Brent crude oil for October delivery was spiked $ 1.45 to $ 108.44 a barrel and West Texas Intermediate (WTI) light sweet crude for October delivery rose 33 cents to $ 82.84. “Brent has again rally in positive territory on the comments [...]
