Red tide swamps PNG players

Continued worries about the US economic outlook and continued weakness in the financial sector sent the majority of PNG-focused resource stocks into the red this week.

16 November 2007
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Comex gold was down from $US834.7 per oz last week to $US787.3 last night on technical selling while LME spot nickel slid $US655 per tonne to $US32,855/t.

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