Commodities & Metals
Commodities & Metals Articles
ThinkstockThe monumental fall in gold and silver that few thought could get so bad so fast is soon to have some serious problems of its own. In the most recent week, we have heard of record shorting...
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ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories remained unchanged last week, maintaining a...
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ThinkstockOne way that mining companies have tried to deal with rising costs and declining demand is to acquire oil and gas assets that are expected to help with revenues and profits now and boost...
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ThinkstockU.S. agribusiness giant Archer Daniels Midland Co. (NYSE: ADM) this morning announced that its Australian subsidiary has offered to buy the approximately 80% of Australia’s GrainCorp Ltd....
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ThinkstockIf the value of something actually is determined by the price someone is willing to pay for it, Rio Tinto PLC’s (NYSE: RIO) diamond assets are worth far less than the mining giant thinks...
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ThinkstockAs if gold isn’t getting bashed enough, CME Group Inc. (NASDAQ: CME) will raise its margin requirement on the Comex on Monday to $8,800 for a standard 100-ounce gold futures contract....
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ThinkstockIf you think it is painful to watch the decline (or plummet) in the price of gold and silver as a financial buyer, imagine participating in this decline as a jewelry retailer or as a local...
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ThinkstockGold futures are down about 6% this morning to around $1,293 an ounce as most investors interpreted Fed Chairman Ben Bernanke’s remarks yesterday to mean that the Fed is about to take...
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ThinkstockGold trading closed for the day shortly before the FOMC announcement that the Fed forecast for 2013 growth had slipped, but that the central bank expects unemployment to reach a level...
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ThinkstockSaying that coal company management has focused on the right levers — lengthening debt maturities, slashing discretionary capital spending, reducing marginal production, driving...
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ThinkstockAK Steel Holding Corp. (NYSE: AKS) announced this morning that it expects to post a second-quarter loss in the range of $0.33 to $0.38 a share. The consensus estimate from Thomson Reuters...
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ThinkstockAnalysts at HSBC have lowered their 2013 average platinum price forecast to $1,710 an ounce, a drop of 7.6% from a previous estimate of around $1,840. Earlier this year, demand for platinum...
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ThinkstockCoal mining companies have had a miserable two years. Low-cost natural gas has clobbered demand for thermal coal to generate electricity, and the slow global economy has substantially...
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ThinkstockAs the world’s largest mining companies look to shed assets as they seek to boost investor returns, the mining sector is drawing interest from private equity firms. Blackstone Group LP...
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ThinkstockGold is turning out to be one of the worst investments of modern day portfolios. But what if the rapid drop in prices is not really warranted from the market fundamentals nor from the...
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