Industry News
Bush eyes Utah oil shale
June 19, 2008, WASHINGTON — Utah lawmakers were happy to hear President Bush include oil shale development — and mention Utah — in his speech Wednesday on what Congress can do to increase domestic oil supply and help reduce gas prices.
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Gold Futures Rise to Record $1,009 on Bear Stearns Bailout
March 14 (Bloomberg) -- Gold surged to a record $1,009 an ounce in New York as the Bear Stearns Cos. bailout and a plunging dollar increased demand for the precious metal. Silver also gained. Bear Stearns got emergency funding from JPMorgan Chase & Co. and the New York Federal Reserve...
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Bullion Monarch Mining Announces A Major Milestone In Oil Shale Recovery
OREM, Utah, Mar 19, 2008 (BUSINESS WIRE) -- Bullion Monarch Mining, Inc. (BULM, Trade ) ( www.bullionmm.com ), a natural resource company with mining interests in gold, silver and oil, is pleased to announce it has reached a major milestone in the process to recover oil from oil shale.
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Gold hits record $900 an ounce
NEW YORK - Gold futures briefly rose above $900 an ounce Friday for the first time as high oil prices, a weak dollar and fears of a U.S. recession led uneasy investors to keep buying the precious metal.
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Citi expects gold to test $1,000 in 2008
NEW YORK (Reuters) - Gold prices will test a record $1,000 an ounce this year, boosted by growing investment interest, safe-haven demand and strong market fundamentals, a Citigroup metals analyst said.
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Energy shares rebound with oil
NEW YORK (MarketWatch) -- Energy shares rose along with crude prices on Monday as supply concern trumped concern about a slowing economy.
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Oil Recoils After Breaking $100 a Barrel
NEW YORK (Reuters) - Oil fell on Thursday as traders took profits from a record rally that had pushed oil to $100 a barrel two days in a row -- a level that has raised a red flag over global economic growth.
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Gold shines at new record high near 868 dollars
LONDON (AFP) — Gold struck a new all-time peak of almost 868 dollars on Thursday as the precious metal benefited from its safe-haven status amid record high oil, a struggling dollar and Pakistan tensions.
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From Solon to Sub-Prime: Gold in a world of inflation
By: Sean Corrigan
For the past 2 millennia, the Lydian king Croesus has been a byword for fabulous wealth, the prime beneficiary of vast riches accumulated partly by the trading skills of his subjects and partly as a result of the copious alluvial deposits of electrum - a naturally-occurring alloy of gold, silver, and copper - which were to be found in the country's rivers (placed there when the even more legendary Midas washed away the curse of his golden touch, we are told).
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By: Debarati Roy and Thomas Kutty Abraham
Nov. 19 (Bloomberg) -- Investors should buy gold stocks such as Kinross Gold Corp. because mining companies may rise faster in the next two years than the precious metal they sell, said London-based Baker Steel Capital Managers LLP.
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BMO Analysts Forecast Strong 2008 for Mining Sector
By: Seeking Alpha (posted on: December 16, 2007)
The cycle of strong metal prices should continue in 2008 and beyond, according to mining analysts at BMO Capital Markets.
In their quarterly sector viewpoints for the first quarter of the year, they are upgrading long-term prices for all the major base metals and holding their gold forecast at a bullish $800/oz for 2008 and $600/oz long-term.
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