Commodities & Metals
Commodities & Metals Articles
The past seven days have seen drought conditions intensify in the states of Nebraska, Kansas, Missouri, Oklahoma, and Arkansas, according to today’s report from the US Drought Monitor: Pretty much...
Published:
The ADP report on jobs managed to come in much better than expected. This has somewhat dampened the hope that the FOMC will need to immediately begin new stimulus measures via the so-called QE3. ...
Published:
Last Updated:
United States Steel Corp. (NYSE: X) is surging after its earnings report. While earnings were half of what they were a year ago, the report was “less bad” than analysts expected. The full...
Published:
Last Updated:
U.S. stocks are set to open higher on the final day of July. All three indexes are expected to post mild gains for the month. Futures on the Dow Jones Industrial Average are up about 0.2%. S&P...
Published:
Despite some softness in the gold market, Barrick Gold Corporation (NYSE: ABX) is up 1.7% on the day at $32.91. It is a rather impressive move when you consider that S&P is downgrading the...
Published:
Last Updated:
It was just on Friday that we signaled that the Arch Coal Inc. (NYSE: ACI) share price reaction to its earnings report may have marked a bottom in the coal sector. The reality is that the report...
Published:
Last Updated:
Newmont Mining Corp. (NYSE: NEM) is supposed to be one of the biggest and best gold miners out there. Its high dividend is a testament to that. The problem is that gold miners have been running into...
Published:
Last Updated:
Arch Coal Inc. (NYSE: ACI) is getting a huge boost after its earnings, and we would look for secondary and tertiary moves in the coal sector based upon this report. The coal giant reported a loss...
Published:
Last Updated:
Junior gold miner NovaGold Resources Inc. (NYSEMKT: NG) is down about -24% in early afternoon trading following a presentation today during the conference call webcast from Barrick Gold Corp. (NYSE:...
Published:
Last Updated:
The latest report on the US drought increases slightly the area affected by “moderate” drought conditions or worse, but the footprint has widened to include every state, including Alaska and...
Published:
Barrick Gold Corp. (NYSE: ABX) reported second-quarter adjusted earnings per share (EPS) of $0.78 on $3.28 billion in revenue this morning. Adjusted EPS were sharply down from $1.12 per share in the...
Published:
Potash Corp. of Saskatchewan Inc. (NYSE: POT) reported second-quarter adjusted EPS of $1.01, which excludes one-time charges of -$0.41, and $2.4 billion in revenue this morning. Adjusted EPS were...
Published:
The US Department of Agriculture (USDA) today published the first of its food prices report to include the effects of the current drought in much of the US Midwest. The report notes that the damage...
Published:
Gold miner Barrick Gold Corp. (NYSE: ABX) introduces a new CEO tomorrow at its quarterly earnings show. The consensus estimate from Thomson Reuters calls for EPS of $0.95 on revenue of $3.5 billion,...
Published:
Last Updated:
The world’s largest producer of pork, Smithfield Foods Inc. (NYSE: SFD) said today that it would begin importing corn from Brazil to use as feed for the company’s livestock. This is an unusual...
Published: