Scotiabank Commodity Price Index Retreats in January, as Investment Funds Take Profits in Base Metals

Source: Scotiabank (2/26/07)

"Uranium remains our top 'pick' for commodity investors in 2007, with spot prices soaring to US$85 per pound in mid-February (up US$10 in the latest week) from US$72 in late December," says Patricia Mohr, Vice President and commodity market specialist at Scotia Economics.

After reaching a record high in December, Scotiabank's Commodity Price Index, which measures price trends in 32 of Canada's major exports, dropped 5.2 per cent month-over-month in January. The All Items Index currently stands 0.9 per cent below a year earlier....

"Uranium remains our top 'pick' for commodity investors in 2007, with spot prices soaring to US$85 per pound in mid-February (up US$10 in the latest week) from US$72 in late December," says Patricia Mohr, Vice President and commodity market specialist at Scotia Economics. "Hedge funds and utilities are aggressively bidding for material in an environment where 80 per cent of global output from 2008-12 is likely already committed. With prices quickly rising in early 2007, we are revising up our average price forecast for 2007 to at least US$90. Prices appear headed towards the US$100 mark by year end."

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."