The first important BRICS meeting on coming Tuesday in Russia

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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bernardho

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The first important BRICS meeting on coming Tuesday in Russia

posted on Jun 15, 2009 09:34AM

....The dollar had struggled in recent weeks as concerns grew that in emerging economies like China, the once insatiable appetite for U.S. currency was waning. However, over the weekend, Russian Finance Minister Alexei Kudrin indicated that the country is not losing confidence in the dollar. On Friday, meanwhile, Chinese officials said they have no plans to stop investing in U.S. Treasury bonds, according to the Associated Press. Russian, Chinese, Indian, and Brazilian officials are gathering on Tuesday, and news out of this meeting of the emerging "BRIC" economies could move the dollar further.

With the dollar rebounding, investors are fleeing commodity stocks that have been popular as a hedge against the falling dollar of late. Nearly across the board, the prices of the underlying commodities are sliding as well.

As a whole, the tickerspy Industrial Metals and Minerals Stocks Index is down -6.5% today. It is still beating the S&P 500 by......

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