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The Fed’s Quantitative Easing May Boost Commodity Prices
Oct. 30, 2012 01:00PM PST
Base Metals Investing Financial Review reported the United States Federal Reserve’s open-ended quantitative easing program is anticipated to boost commodity prices as nickel outshines gold.
Financial Review reported the United States Federal Reserve’s open-ended quantitative easing program is anticipated to boost commodity prices as nickel outshines gold.
As quoted in the market news:
After shoring up its balance sheet with a $120 million raising in the June quarter and the slight recovery in nickel prices, Mirabela Nickel’s share price has rocketed 70.4 per cent in the last three months.
However, the run needs to be put into context, with the stock down more than 70 per cent this year after a five-year 22¢ low in July.
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