Mining Analysts Maintain India Gold future edge lower
November 27th, 2009 | Posted by sony | Category: Metal Price, Mining Company, Mining Industry, Mining News | No CommentsThe most-traded gold contract MAUZ9 on the Multi Commodity Exchange was 0.38 percent lower at 17,930 rupees per 10 grams at 10:49 a.m., after hitting a record high of 18,047 rupees in the previous session.
India gold futures edged lower on Friday, but still hovered near-their record highs, weighed by profit-taking after gaining 7 percent since [...]
Citigroup Global markets analyzing chart to predict price of mining
November 26th, 2009 | Posted by sony | Category: Gold Mining Industry, Mining News, Mining Oil Industry | No CommentsCitigroup Global Markets, analyzing charts that some traders use to predict price direction, said in a report Jan. 8 that “commodity markets, while still considered in a bull run, are now overheated and vulnerable to significant corrections.”
As losses mount in copper, oil and sugar, these firms say the 20 percent plunge in commodities, as measured [...]
