Industrial Metals

Theforexworld.info reported that Molybenum stocks will go higher:

Theforexworld.info reported that Molybenum stocks will go higher:

There is presently a growing panic among molybdenum traders. From our sources, it appears reduced inventories have been overpowered by rushing demand for the silvery-white ‘energy metal.’ On the day before the Ryan’s Notes metals conference at the New York Athletic Club on Tuesday, our sources told us moly traders are sweating, scrambling to find inventory. One told us, “$50 per pound molybdenum is a heartbeat away.” This would represent an increase of nearly 50 percent from present pricing.

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MARKETS

Markets
TSX19669.17+49.04
TSXV668.28+4.11
DOW32832.54+29.07
S&P 5004140.06-5.13
NASD12644.46-13.10
ASX7015.60+40.70

COMMODITIES

Commodities
Gold1789.40+15.30
Silver20.66+0.85
Copper3.59+0.04
Palladium2244.00+128.00
Platinum945.00+13.00
Oil90.49+1.48
Heating Oil3.19-0.03
Natural Gas7.66-0.41

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