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The benchmark S&P/TSX index fell for the seventh straight trading day, nose-diving 293.24 points, or 2.6 per cent, to 10,904.34, pulled down by the continued retreat in oil, base metals and gold prices, with the price of bullion dropping $44.50 to $566.80 in New York, the biggest one-day drop in 15 years. Heightened worries about higher U.S. inflation and rising U.S. interest rates were also to blame. The freefall followed a global sell-off in equities overnight. The fog has rolled in and investors aren't sure where we're going," said Clement Gignac, chief economist and strategist at National Bank Financial. "Risk appetite has suddenly given way to risk aversion. "People took on too much risk and markets got overbought; metal prices got way to high," he said yesterday. "I think w...
Gold futures briefly rose above US$900 an ounce Friday for the first time as high oil prices, a weak U.S. dollar and fears of a U.S. recession led uneasy investors to keep buying the precious metal. It's a reflection of market sentiment: Gold is a hedge against uncertainty and right now it's the best bet," said Carlos Sanchez, a precious metals analyst at CPM Group in New York. "None of the other investment options look that great and gold does. "Concerns of a recession will keep pushing up gold prices," Sanchez said. "Depending upon what happens in the economy and in the Middle East, we could see gold testing $1,000 an ounce, maybe even this quarter."
Market expansion is a very important strategic option in the developing economies. Literature on marketing to the "bottom of the pyramid" and the "blue ocean" strategy has brought to the fore the issue of direct involvement of manufacturers or corporations in expanding markets. Though the "bottom of the pyramid" and the "blue ocean" strategy frameworks are important references for development of conceptual framework for market expansion, neither of these can be considered as a complete conceptualization in itself. The authors synthesize extant knowledge on the subject and provide a conceptual framework by looking into fundamental issues such as what is a market, what is market expansion, and what factors affect market expansion. Unlike in case of the "blue ocean" strategy framework, th...
... local language on the weather and market prices, disseminates knowledge on scientific farm practic...2007. The Bird of Gold: The Rise of India's Consumer Market.(May):103-11....
There are people who are selling their gold to cover losses on the stock market," manager Cameron Giesbrecht says. "Then there are the people who are cashing out of the market and want to put their money somewhere temporarily or permanently. "If you lived in Poland, Hungary, Russia, Ukraine, Venezuela, Bolivia, Ecuador, Ireland -- you name the country," [Jamie Horvat] says, "whose currency and whose government bonds do you want to own?" "When you get into a crisis, historically, gold becomes the currency when people are nervous, and clearly that's happening," [Patrick Cooney] says. "You can't print it or manufacture it like you can money."
... in an investment climate of falling equity prices, low bond yields and pervasive fear. For the most ...
The current economic crisis, the continuing ineffectiveness or unwillingness of our "globalized" system to deal with hunger and climate change, and today's quickly rising oil prices due to Mideast conflict are fuelling not only higher, but also more unpredictable, food costs. Reduced production due to inclement weather (climate change) has been combined with increased, even panic, buying because of natural disasters such as floods, earthquakes and droughts (in Australia, Eastern Europe, New Zealand and East Africa), thus exacerbating price rises.
... speculation and profiteering in the marketplace. One might think that poor farmers around the worl... commodities into the same category as oil, gold and metals. This has led to distortions where food...
My feeling is a lot of the people who perhaps shouldn't have been in the market have now got out," he said. "Those are people who don't understand risk, don't know what their risk tolerance is, but in this kind of a mess get frightened and they bolt for the exits. There were, however, some bright spots on the TSX Friday. The materials index gained 0.5 per cent. This was helped by a gain in gold prices of $8.80 to $681.60 US per ounce. Barrick Gold Corp., the world's biggest gold producer, saw its TSX stock rise 25 cents, or 0.7 per cent, to $36.03. Goldcorp Inc., the No. 2 bullion producer in Canada, was up 22 cents, or 0.8 per cent, to $26.52. Ivanhoe Mines Ltd., stock, however, didn't fare so well. It fell $1.25, or 8.7 per cent, to $13.06. The TSX energy index gained 0.5 per cent. ...
..., since products will often be shipped to markets by sea, and mines and well installations will have... of the region and the increase of resource prices due to the fast economic growth of India, China, B... firms are actively exploring for iron, gold, lead, and zinc. In Canada, companies are looking ...
Canada's Barrick Gold Corp. (TSX:ABX), Agnico-Eagle Mines Ltd. (TSX:AEM) and Kinross Gold Corp. (TSX:K) were a few of the key companies that touched records during the trading day. NovaGold Resources (TSX:NG) shares led the sector in growth on the Toronto market, ahead 16 per cent or $1.44, to $10.33. Its stock received extra confidence from reports that a U.S. appeal court upheld a decision by the U.S. Army Corps of Engineers granting a permit for a NovaGold subsidiary to develop a project in Alaska. Rising prices should continue to bulk up stocks in the TSX sector, suggested Maison Placements analyst John Ing.
Toronto's S&P/TSX composite index was down 213.89 points to 13,654.74 after losing as much as 311 points in afternoon trading. Every index posted declines, led by falling gold prices and the metals and mining sector. More bad news about soured subprime home loans -- those made to borrowers with poor credit -- could impact the Toronto market as well at New York, suggested Adrian Mastracci, a portfolio manager at KCM Wealth Management in Vancouver.
Oil set a new intra-day record of above US $100 a barrel, while gold shot up to US $859.30 an ounce -- its highest level since January 1980 when gold prices were fixed at a record $850. One by one, the sectors in the U.S. are slowly succumbing to the problems in the housing and credit markets," said Sal Guatieri, a senior economist with the Bank of Montreal. "I am worried about the U.S. housing market and what it does to consumer confidence," [Jim Flaherty] explained. "It's not just subprime, it's much bigger than that. We can expect reduced demand (in the U.S.), which is going to hurt exports, particularly the auto sector and forest products.
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