Highlights include Petroleo Brasileiro SA (PBR), China Petroleum & Chemical Corp. (SNP), Vale (RIO), Cosan Limited (CZZ) and Gerdau SA (GGB).China Continues to Pursue Long-Term Investments in CommoditiesYesterday, leading Japanese business newspaper Nikkei informed that China is considering a plan to use part of its US$2 trillion reserves to buy oil reserves and diversify its international investments, reducing the exposure to U.S. bonds. Currently 2/3 of the Chinese reserves are denominated in U.S. dollars.If this plan is approved, we foresee two direct consequences: (i) Oil prices should recover, leading the way to other commodity price increases, and (ii) the U.S. dollar should fall against international currencies like the Yen and the Euro, a development that would also be positive for commodities prices in general, since they are all negotiated in U.S. dollars -- thus a lower dollar would ...

GoldDrivers 2009 – Extraordinary Bullish Outlook for Gold

By: Eric Hommelberg ldSeek.com

Dollar topping out Physical demand skyrocketing Supply chain shutting down COMEX Gold Manipulation exposed Gold shares on the move again

It sure has been a brutal year for gold and its shares and many may wonder if the $1030 top clocked in March 2008 marked the top for the gold bull market that started in April 2001. Despite the fact that many analysts want you to believe that gold has failed to act as a

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OAO Gazprom climbed in Moscow trading after a newspaper said the state-run company has implemented plans to pay back 230 billion rubles ($9.2 billion) of debt by the end of the year. Gazprom, whose debt bill exceeds $50 billion, "has not suffered in the global financial crisis and is confident it will be able to fund all its projects in due course", its chief executive was quoted as saying in business newspaper Kommersant today. That said, its capitalization almost halved to $193 billion last week with the dive in the Russian share market. Russian tycoons Vladimir Potanin and Mikhail Prokhorov are close to a final asset split deal involving stakes in metals giant Norilsk Nickel and gold miner Polyus. Eclipse Aviation, US maker of four-seat light private jets, said it had reached an agreement to begin assembly of the aircraft in Russia from 2010. The supervisory ...