MELBOURNE, May 29- London copper was facing its first monthly drop since January on Friday, pressured by ample inventories of refined metal, but prospects that China's stimulus measures would revive demand kept a floor under prices. *The most-traded August copper contract on the Shanghai Futures Exchange was little changed at 44,100 yuan a tonne.» Read More
CNBC's Bertha Coombs reports on the oil industry from Larose, Louisiana, where the promise of paying jobs is fueling the call for expanded drilling.
"Now is absolutely the right time to invest in Africa. We are talking about price-earning ratios in the low single digits in some cases. There are some very attractive opportunities across a wide range of countries," Graham Stock, chief strategist at Insparo Asset Management, told CNBC.
The Fast Money traders with a look at the sell-off in gold and oil, with David Greenberg, Greenberg Capital, saying oil hit bottom on Tuesday and gas prices should follow. Also a look at whether rare earth metals are headed for a tumble, and the outlook for Molycorp, with Chris Ecclestrone, Hallgarten & Company.
Risk-averse investors have been bailing out of the Australian and New Zealand dollars. Time for bargain hunting, this strategist says.
London Metal Exchange Chief Executive Martin Abbott confirmed to CNBC on Thursday that the exchange is being at least tentatively pursued by other, unnamed firms, but said that there was "no pressing need" for a sale.
We're nearing the bottom in copper, says Jeff Hirsch, Trader's Almanac, but we're not there yet.
The wreck of a British merchant vessel, sunk during the second world war, looks set to yield the largest haul of precious metal at sea, the FT reports.
Marc Faber, author of the Gloom, Boom and Doom Report, tells CNBC that he thinks gold could fall to $1,100 an ounce by the end of the ongoing sell-off
The London Metal Exchange on Friday became the latest exchange to be swept up in consolidation when it said it had “received several expressions of interest with regard to potential strategic transactions”. The FT reports.
Cramer talks with Mike Sutherlin, Joy Global CEO about the fallout from two important coal companies cutting their shipment forecast and its impact on mining equipment makers.
While there was some speculative buying of rare earths in China earlier this year, Molycorp CEO Mark Smith said the supply and demand fundamentals remains unchanged.
Discussing whether Greece can avoid default and how to trade it, with Dennis Gartman,The Gartman Letter, and what the play in copper indicates about the economy.
A look at the markets, post Ben Bernanke's speech, with Anthony Neglia, Tower Trading president and CNBC's Seema Mody.
Gold prices may reach $6,200 per ounce in a bull run which will “end all major bull markets,” Urs Gmuer, asset manager at Dolefin, a Swiss investment advice firm, told CNBC.
"The strong underlying fundamentals these metal and mining companies are enjoying today, the strong metal prices, the high margins, the great margin growth we have see year on year, and the growth we are going to continue to see in commodities over the next few years, is totally unreflected in the share prices," Evy Hambro, CIO of the natural resources team at BlackRock, told CNBC.
Straight from the mines, rough gold goes through a highly complex process, and often travels around the world before it ever makes it to the consumer.
Gold prices have stalled in recent days as investors have turned away from safe-havens and towards risk assets.
Almost no one outside the sponsor (the World Gold Council) has ever seen the gold in the world's largest vault — until now.
Gold Bullion International's CEO explains the advantages. "When you own a real asset, there's no counterparty risk between you and the real asset," he says
Chinese companies and investors are stepping up their purchases of industrial commodities such as copper, in a show of confidence in the global economy that stands in contrast to the turmoil in western markets. The FT reports.