Oil Prices Drop on Europe's Worries

Source: UPI (11/16/10)

"Last week's run up to $88 per barrel has hit a wall of doubt."

Concern over debt issues in Europe weighed on crude oil Tuesday, pulling prices on the New York Mercantile Exchange under $84 per barrel.

Last week's run up to $88 per barrel has hit a wall of doubt in Europe, where finance ministers are discussing a bailout of Ireland and are worried the debt crisis will spread to Portugal and Spain.

Ireland continues to deny it requires a bailout, saying it will manage to correct its financial difficulties with austerity measures alone. European Union officials are expected to review Ireland's four-year budget plans this week.

The price of December delivery crude oil in New York lost $1.61 overnight to $83.27 per barrel. Heating oil prices shed $0.03 cents to $2.328 per gallon. Reformulated gasoline blendstock prices lost $0.05 cents to $2.1584 per gallon.

Henry Hub natural gas prices added $0.09 to $3.898 per million British thermal units.

At the retail level, the national average price of unleaded gasoline rose slightly to $2.893 per gallon Tuesday from Monday's $2.892, AAA said.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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