Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (112995)	4/29/2008 12:37:23 PM
From: Rocket Red	Read Replies (1) \| Respond to of 312987

At noon: Who wants commodities? Tuesday, April 29, 2008 Despite strong earnings from some of Canada's top energy producers on Tuesday, and no end in sight to the agriculture boom, investors recoiled from energy and materials stocks, leading to a sharp decline in Canada's commodity-heavy benchmark index. The S[amp]amp;P/TSX composite index fell 202 points, or 1.4 per cent, to 13,884. Over all, the materials sub-index fell 3.7 per cent and the energy sub-index fell 2.1 per cent. Sure, past earnings look great, but softer commodity prices are making the future look far less certain. Crude oil fell to $116.85 (U.S.) a barrel in New York, down $1.90. Meanwhile, gold fell to $880.70 an ounce, down $14.80; it has fallen 12.7 per cent from its peak in March and is now at its lowest level since mid-January. Potash Corp. of Saskatchewan Inc. continues to be the biggest single culprit in the index's downturn