HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Commodities under pressurer?

Commodities under pressurer?

posted on May 01, 2008 03:58PM

I thought you may be interesting in reading this partial response from VRtrader on the potential pressure on commodities and US dollar strength:

Gold was weak today as the June contract tumbled 14.20 to settle at 850.90. June crude oil settled .94 lower at 112.52 after trading as low as 110 earlier in the session. The June US Dollar Index settled .76 higher at 73.48, overcoming resistance in the 73.10 - 73.20 range. With the dollar breaking out, things are not looking so rosy for commodities over the near term. This dollar bounce is long overdue and we have been warning about it for some time. Now we will see how much resolve the dollar bulls have.....

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