Price for salmon is now more expensive than oil

Price for salmon is now more expensive than oil

Price for salmon is now more expensive than oil The big drop in oil price has created a quite unexpected effect in Norway, that is also one of the world’s biggest gambling nations, and one of the largest exporter of salmon and oil. A barrel of oil is now cheaper than salmon. Norway is known for […]

Ruble Rallies in Currency Markets

Ruble Rallies in Currency Markets

Driven by a marked rise in the price of Brent crude oil this week, Russia’s ruble has risen to its highest point against the dollar since mid August of this year. Decreasing commodities markets in China, combined with a glut of oil caused by excessive Saudi production, has weakened Russia’s economy, which is largely based […]

Alcoa Struggles to Adjust to Commodities Slump

Alcoa Struggles to Adjust to Commodities Slump

Alcoa, the world’s third largest producer of aluminum, posted its third quarter report on Thursday. The report showed the lightweight metal giant posting a profit of $44 million, in sharp contrast to last year’s third quarter profits of $149 million. Share value responded negatively on Friday, with shares of Alcoa declining throughout the day to […]

Oil Investing Prospects for 2012 and Forward

Oil Investing Prospects for 2012 and Forward

Investing in oil has always been a blend of betting on corporate projection with a dash of a casino roulette thrown in. The problem is that oil is clearly not just business alone. International politics cause just as much influence on investments as supply and demand. Because of these elements and others, investors can see […]

Bull run in Gold, or Fools Gold?

Bull run in Gold, or Fools Gold?

Bull run in Gold, or Fools Gold? Historically gold is referred to as a safe haven. It is touted as a way to protect your portfolio during volatile markets. Depending on how much television you watch, you may find it hard to view an entire show and not recall one or two commercials telling you […]