Vekselberg is one of Russia's richest men. MUNICH/ MOSCOW, Feb 13- Billionaire Viktor Vekselberg said on Saturday he might buy stakes in some of Russia's miners when they come up for sale, the first oligarch to officially declare in interest in the country's new privatisation drive. Vekselberg, one of Russia's richest men with assets ranging from construction to...» Read More
And here's how market pros recommend cashing in on the rising inflation trade.
Backed by its resource-rich landscape of world class deposits, Mongolia has been coined the “Saudi Arabia of Coal” with strong parallels to previous natural resource booms around the world.
A 10.09-carat cushion-cut purple-pink diamond ring is hitting the auction block Tuesday, being sold at Christie’s in New York for an estimated $12 million to $15 million as part of the auction house's Magnificent Jewel Sale.
Expect higher gold prices and increased investment demand. That’s the message from the GFMS Gold Survey 2011, an annual report looking at global supply and demand for the yellow metal.
The market went into ‘sell first and ask questions later’ mode on March 11th when the first Japan quake hit. Does that suggest you should go bottom fishing, now?
Now as the slow process of recovery continues, the price tag of the precious metal shows little sign of retreating.
Gold prices took a tumble in late January, but have since been going from strength to strength. Spot gold has risen 6.5 percent since January 28th. One fund manager thinks the precious metal has more upside as it remains undervalued.
Miners have started to protect themselves against a fall in the price of copper as the metal’s rally, which only a few months ago looked unstoppable, has hit a wall, the Financial Times reports.
These plays might be "glaringly obvious," but Cramer said they're making investors a lot of money.
Despite mankind's ability to adapt and invent new materials and make use of new resources, humans seem "hopelessly incapable of learning past wisdom and apparently doomed to repeat past follies," according to Dylan Grice, a research analyst at Societe Generale.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Nat gas was down on the day, but remained above $5. Oil was up slightly on the day. And gold was up, as well.