Sahit Muja
Sahit Muja: Albanian Minerals projects a record increase in oil, gold, silver and metal prices in 2011.
Silver prices continuing their record silver moved up by 2.1 per cent to $ 47.25 an ounce, its highest since 1980.
Gold prices advanced to $1,512.47 in global markets as a weaker dollar and European debt concerns boosted the metals appeal as an alternative investment.
The dollar slid to its lowest level since August 2008 against a basket of six major currencies this week on speculation that the US Federal Reserve will be slow to raise borrowing costs.
Crude oil prices climbing above $112.35.
The increase oil prices has been fueled by inflation fears, growing demand for oil in US, Europe, China and India and the devaluation of the dollar
Prices were supported by the weekly stockpile report, which said U.S. inventories dropped by 2.3 million barrels.
Strong infrastructure spending in China, India, Brazil, Japan will be maintained this year .
China will continue to lead commodity demand growth.
The public infrastructure spending China , India should boost demand for metals, oil, copper ,coal gold and silver.
Albanian Minerals in New York is receiving a record new orders for raw minerals, gold, silver, chrome ore, copper, nickel, coal and iron ore .
The world’s economy is expected to grow by five percent in 2011, this growth will boost oil, gold silver and metal prices.
Sahit Muja
President & CEO
Albanian Minerals
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