Only Miners Buy Mining Machinery – Are Boom Times Returning

On Wednesday, after a one day leap of 4%, iron ore rose to a 10 month high of $64.30 per tonne making a rise of 50% since the beginning of the year and nearly 75% since the mid December lows. Coking coal is not a glamour commodity by any means but on Wednesday that too […]

Caterpillar Sales Indicate World Slump

There are a handful of major international companies which are so huge that they continually reflect the health of the global economy  One of these is Caterpillar, the world’s largest heavy equipment manufacturer for the mining and construction industries and some of  whose products make St. Pauls Cathedral look like a dinky toy. Caterpillar’s sales […]