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Gold Slides as Oil Sinks After Gustav; Falling Inflation Hopes Spark Fresh Surge in Cheap Money & Government Spending
BY ADRIAN ASH  Sep, 2nd
THE PRICE OF GOLD in Dollars dropped almost 2% at the London opening on Tuesday, sliding to $802 per ounce as crude oil fell at its fastest rate since the US invasion of Iraq in 2003. With Hurricane Gustav causing only "minimal damage" to oil installations in the Gulf of Mexico, the US Dollar also surged yet again on the currency markets, pushing the Euro down 1.5˘ to a seven-month low beneath $1.45.read more...

Potash One and Potash North Winning Race to Production
BY JAMES WEST  Aug, 26th
The intense interest in potash in the last 24 months is due to the increased yield requirement from the global food production conglomerate of a increasingly crowded planet. Combined with supply tightness and higher potash prices, there is strong motivation to bring new potash mines on stream as quickly as possible.read more...

Flashback-Base Metals-2nd Sept, 2008
BY COMMODITY ONLINE  Sep, 2nd
The base metals complex witnessed selling pressure on Monday on the back of a stronger US Dollar, weak oil and lower precious metal prices. All the base metals ended in the negative territory with Tin prices losing the most by 5% yesterday. Nickel prices also declined sharply by 4.4% on the LME and touched a low of $19,200. Overall weakness in base metals in purely due to dollar strengthening as a stronger dollar makes base metals look expensive for holders of other currencies. Lack of liquidity at times was witnessed due to the US Labor Day holiday on Monday. This also led to wide swings in prices and technical selling came in.read more...



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