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Thursday, September 27, 2007

News You Can Use for Thursday

Why the silver price is set to soar - Precious metals remain the most undervalued of all the asset classes. Precious metals, and particularly silver, remain the most undervalued of all the commodities. Silver is even more undervalued than gold and is undervalued when compared to other strategic commodities such as oil and uranium.

Credit crisis 'made in Canada' Canadian banks are struggling to contain a credit crisis that could spiral out of control here more than it has elsewhere because of a lax regulatory regime, sources have told the National Post.

Vale, Rio, BHP May Win a 30 Percent Increase in Iron Ore Prices Next Year Cia. Vale do Rio Doce, Rio Tinto Group and BHP Billiton Ltd., the world's three largest iron-ore exporters, may increase prices by 30 percent next year as demand driven by steelmakers in China outpaces growth in supply.

Wheat Rises to Record as Ukraine Limits Exports, Stockpiles at 26-Year Low Wheat rose to a record in Chicago as Ukraine planned to cut exports and importers sought more supplies, squeezing inventories that are heading for a 26-year low.

Crude Oil Rises a Second Day on Decline in Cushing Stockpiles, Storm Risk Crude oil rose for a second day in New York as a storm swept toward Mexico, the third-biggest supplier to the U.S., and stockpiles in the Midwest fell to a 21-month low.

XX Keep your eye not only on the storm off Mexico, but the one that just appeared right beside Florida.

Gulf Petrochemical Producers See Slowdown Due to Global Credit Crunch Persian Gulf petrochemical projects worth as much as $90 billion may be delayed as banks hold back from lending until global debt markets stabilize, according to a group representing 100 chemicals companies in the region.

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