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AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

  • Aim to develop and manufacture the best technology graphite in the world
  • Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

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INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

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LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013  Read More   |   *SPONSOR

 

 

Message: Big Jim on Armstrong:

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Re: Big Jim on Armstrong:

in response to Re: Big Jim on Armstrong: by ESL
posted on Jan 30, 12 08:44AM

"Unlike last Summer's bombshell S&P downgrade of US Sovereign Debt ratings which had a lingering positive impact on PMs, I have trouble rationalizing how the Fed's latest announcement on target overnight rates through 2014 will have anywhere near the same lasting effect."

Not sure about that statement ESL. I believe that the market reacted to the Fed confirming QE3. Wasn't it the Sep 21st FOMC meeting where the market was expecting some kind of QE3 statement (which they didn't get) that started the downward cycle of Gold? From almost $1900 to $1,525 in a few days.

Actually I believe that last summers S & P downgrade had a very short life span. The same kind of reaction which a war of in Middle East can provoke. Swift but short lasting.

JMHO

Later

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