Elray Resources, Inc., a technically driven gold and precious mineral exploration company, is pleased to provide an overview of the Analhi Project, located in a mineral-rich region of Sinaloa, Mexico.
The Analhi Project is located 50 kilometers to the east of Guasave City at Sinaloa state, about 10 kilometers from water and power supplies, 30 kilometers [...]

Although the price of petroleum has moderated recently, a permanent increase to $150 per barrel by the end of 2008 could have a significant negative effect on the rate of real gross domestic product (GDP), at least in the short run, based on an analysis from the Federal Reserve Bank of St. Louis.
Kevin L. Kliesen, [...]

Ben Bernake, Federal Reserve Chairman, stated that the U.S. economy is facing “significant” risks to growth, while the Organization of Petroleum Exporting Countries lowered its forecast for world oil-demand growth for 2008 and 2009. in apart chances John Kilduff, an analyst at futures brokerage MF Global, said “Signs of economic contraction and financial-market malaise are [...]

After the Federal Reserve chairman sounded bleak notes on the U.S. economy, and world supplies loosened a bit, Crude-oil futures sank more than $6 a barrel Tuesday. After the U.S. opened its Strategic Petroleum Reserve at the onset of the first Gulf War.Light, sweet crude for August delivery settled down $6.44, or 4.4%, at $138.74 [...]

The federal government formed an interagency task force to assess developments in oil and other commodity markets.
It is made up of staff from the Commodity Futures Trading Commission, the Federal Reserve, the Securities and Exchange Commission, and the departments of Treasury, Energy and Agriculture. The task force will examine oil supply and demand factors, investor [...]

Oil prices fell sharply, dropping below $124 a barrel, as demand concerns grew and Federal Reserve Chairman Ben Bernanke indicated that more interest-rate cuts are unlikely. Bernanke’s comments sent the dollar higher and raised questions about the chances of oil reaching new highs in the short term.
Light, sweet crude for July delivery fell $3.45 to [...]

Forster Drilling Corporation announced today that its shares are now eligible for safekeeping with the Depository Trust Corporation.
The Depository Trust Company (DTC) is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the Securities and Exchange Commission. The depository brings [...]

Sales at U.S. retailers increased for a third straight month in September as cheaper gasoline put Americans in the mood to spend, a government report is forecast to show this week.
Purchases rose 0.2 percent, matching the rise in August, according to the median estimate of economists in a Bloomberg News survey before the Commerce Department’s [...]

European mining stocks may rise after gold prices gained and China said economic growth will accelerate this year. Rio Tinto Group and Anglo American Plc might lead the advance.
“Metal prices have moved significantly higher which should help the mining companies,” said Simon Denham, a director at London Capital Group. “We see Rio and Anglo opening [...]

European energy and mining stocks, the region’s worst performers this quarter, rebounded as oil rose for a second day and copper gained for the first time in four days.
BP Plc, Europe’s second-biggest oil producer by market value, and BHP Billiton, the world’s largest mining company, paced gains.
“We are very positive on energy stocks,” said Mariano [...]