Views on commodities and energy
Commodities: Gold stumble, eye on Ike
Mining executives gathering this week for the Denver Gold Forum can’t be blamed for keeping at least half an eye on the market. Gold fell sharply earlier today with the sell-off spilling into other precious metals.
Among the companies presenting, Russia’s Polymetal forecast gold output of 250,000 ounces this year, 300,000 ounces in 2009, and 335,000 ounces in 2010, increasing to 460,000 ounces by 2011. More news from Denver here
Of note among some of the other stories for commodities reporters today:
- Argentine farm leaders due to press demands for changes to govt policy in meetings with lawmakers, possible announcements of fresh protests.
- Hurricane Ike barrels toward southern Gulf Coast. Watching for impact on cotton market now. (Hitting Key West, Fla. in picture on right)