It turns out they are, just not in Australia. The ABARE numbers measure exploration spending within Australia. But many Australian-listed firms are looking for gold and uranium in other places, especially in Africa. They’re doing so because production costs are lower there, even if political risk is higher (although in some places, it’s more than acceptable for the projects on offer).
November 20th, 2009 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "commodity prices"
Most Commodities Are in a Bull Market Today
I’m a commodity trader…but that doesn’t mean I always expect commodity prices to go UP. In fact, a lot of times you’ve got to bet AGAINST commodities…
November 19th, 2009 | Alan Knuckman | 2 comments | Continued
A Look at Debt and Super
But despite that warning, and despite debt far in excess of their incomes, Aussies are STILL spending money like it’s going out of fashion.
November 11th, 2009 | Kris Sayce | 3 comments | Continued
Economy Free to Recover?
Happy days are here again. It’s like someone turned back the clock to 2007. You’re a crank and a nutjob if you think there are serious problems in the financial system. Don’t you know this is the recovery you moron!
A report on U.S. payrolls showed that the American economy shed around 491,000 jobs last month. This was less than expected by forecasters and the least amount of jobs lost in the U.S.
May 7th, 2009 | Dan Denning | 34 comments | Continued
The Road to Weimar
Over at the Wall Street Journal’s European edition (paid subscribers only), Frenchman Jacques Attali reckons we are all on the road to Weimar now. That is, he believes the entire planet may be headed for a depression and massive inflation. We are slouching towards Weimar Germany, where inflation was rampant…
February 16th, 2009 | Dan Denning | 7 comments | Continued
The Coming Oil Back Draft
During the big run up to $150, national oil companies were cash cows. But it now appears that little of the oil bounty was reinvested in new production or even maintenance of existing production. So what do we have now? We have a situation here. A situation where the falling oil price is leading a big reduction in oil production. This will match, for a while reduced demand for oil. But we also think it’s baiting the trap for a huge blowback in oil prices. And the spark for that could be geopolitical…
January 19th, 2009 | Dan Denning | 1 comment | Continued
Gold Price Outlook – the Long and Short of it
Gold prices have been all over the place lately…but Ed Bugos points out, below, that the outlook for both long and short term is bullish, but you will need to have some patience…
January 9th, 2009 | Ed Bugos | 0 comments | Continued
Farmers Say ‘Rain, Rain Go Away’ Throughout the United States
Often too much rain can be just as harmful to a crop as not enough. And in this case, heavy rain across the country has caused the corn crop to run behind by a few weeks. Some farmers have no choice but to plant later, causing their crop yields to go down…
May 13th, 2008 | Bill Bonner | 0 comments | Continued
Americans Are Hoarding Food
Today, the New York Times talks of a “recession diet,” in which shoppers try to switch to cheaper foods. And there is talk of a drought this year, further reducing the supply of available grains.
April 29th, 2008 | Bill Bonner | 5 comments | Continued