Word: coppers
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...centers experienced a whiff of panic last week. In two days of frantic trading, the price of gold on the London exchange soared a breathtaking $50 per oz. to $447 at one point; then it plunged back down almost as steeply, closing the week at $385. Silver, platinum and copper also gyrated wildly. Said a New York bullion trader: "The market's gone bananas...
...will China pay for these expensive wares? One high-ranking economist dangled before the visitors the still largely untouched prospects in China's good earth. Besides oil and coal, China's natural wealth includes iron, manganese, tungsten, antimony, tin, copper, lead, zinc, mercury, molybdenum and aluminum. Said he: "Remember, it takes four or five tons of titanium to make a single Boeing 747, and we are also rich...
...Northen Sun Alliance in opposing the uranium development," he continues. "They have tried to influence county officials but have had little success. A battle in the legislature has resulted only in a standoff. The state regulatory agencies are lumbering into action but can barely keep up with the proposed copper and nickel mining. The state executive board will soon decide whether to allow exploration on state lands. Much education still needs to be done around the uranium mining issue...
Like the children of Hamelin chasing the Pied Piper, investors last week continued rushing to put their paper money into hard goods. Gold scaled yet another peak on the London exchange: $397 per oz., almost double a year ago. Prices soared for platinum and silver, and even copper that was 81? per Ib. two months ago sold...
Since 1972, geologists have studied Landsat satellite images of the earth's landscape to choose areas to explore for oil, gas, copper and other minerals. Now a scientist with the U.S. Geological Survey has studied such pictures and found that concentrations of sagebrush may indicate deposits of uranium...