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Tuesday, May 20, 2008

News You Can Use for Tuesday -- High Gas Prices and More

Here's some news you can use ...

Who's to blame for $4 gas
There is no short answer - many things happened, and together they formed a chain of events from cheap gas to $100 tankfuls.

China Quake May Cause Loss of 60,000 Tons of Zinc Output, Antaike Reports Zinc output in China, the world's largest producer, may drop by 60,000 tons this year because of smelter damage from the May 12 earthquake, Beijing Antaike Information Development Co. said.

Gold Gains on Dollar's Slump, Inflation-Hedge Demand; Palladium Rallies Gold climbed in London, extending this month's rally, on speculation declines in the dollar and rising commodity prices will spur inflation, reviving demand for the metal as a hedge. Platinum, palladium and silver also gained.

Sino Gold to Sell $195 Million Stock to Close Hedge; Gold Fields Ups Stake Sino Gold Mining Ltd., owner of China's second-largest gold mine, plans to sell as much as A$204 million ($196 million) in shares to existing shareholders to close its forward sales contracts for the precious metal.

Wheat Prices Climb for Third Straight Session as Global Grain Demand Gains Wheat rose for a fourth day in Chicago as a government report showed U.S. crop conditions deteriorated and on concern that dry weather will reduce planting in Australia's New South Wales state.

The Repo Man Reapeth
So many people have so many things they can no longer afford. This is an excellent time to be a repo man.

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