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Posts related to ‘Commodities’

Gold Hits 2012 Low

Posted: May 9, 2012 at 4:43 pm

Gold for June delivery closed down 0.6% today, at $1,594.20/ounce on Comex, the lowest settlement price since December 30. Traders are reacting to two things: a strengthening U.S. dollar and ...
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When Gold, Silver, and Copper All Tank… Are They All Devil’s Metals? (GLD, RGLD, SLV, HL, JJC, SCCO, FCX)

Posted: May 8, 2012 at 10:12 am

What happens when you have an appreciating dollar?  Commodity prices tend to fall, all other things being equal.  But what about when you have a scenario where risk-on investors are ...
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Iran Trades Oil for Yuan, Rupees, and Junk

Posted: May 8, 2012 at 7:44 am

One way that Iran has found to combat the tightening international sanctions on its crude oil sales is to accept payment in something other than US dollars. The Iranians have ...
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S&P Cuts Outlook on Coal Miner (CNX, ACI, ANR, WLT)

Posted: May 4, 2012 at 1:14 pm

Ratings agency S&P has lowered its outlook on coal miner Consol Energy Corp. (NYSE: CNX) from ‘positive’ to ‘stable’, while maintaining a ‘BB’ junk rating on the company’s debt. Earlier ...
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Major Reactions As Crude Marches Down Through $100/Barrel (USO, OIH, AMJ, XOM, CVX, SLB, BHI, RIG, NOV, VLO, CHK)

Posted: May 4, 2012 at 12:24 pm

It was just a couple of days ago that oil was trading around $105 per barrel for West Texas Intermediate crude. Now the talk has migrated away from geopolitical risks associated ...
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Chinese Currency Going Global? (CME, ICE)

Posted: May 4, 2012 at 7:29 am

At a conference in Singapore, the CEO of the London Metals Exchange (LME), the world hub for metals trading, said that LME is working on a 2-year project to create ...
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Green Mountain Boiled Following Earnings (GMCR, SBUX, JVA)

Posted: May 3, 2012 at 2:58 pm

Our story last night after Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) reported shares down more than -37% after the company screwed up in just about every possible way. It ...
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Natural Gas Inventories Rise Slightly, Prices Higher

Posted: May 3, 2012 at 10:47 am

The US Energy Information Administration today reported the US natural gas stocks rose by a total of 28 billion cubic feet, slightly below the 31 billion cubic feet increase that ...
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Royal Gold’s Reserves Grow Even as Results Lag (RGLD, ABX, KGC, NEM, GG, PAAS, GLD)

Posted: May 3, 2012 at 10:00 am

For those who believe that the price of gold is going to rise, Royal Gold Inc. (NASDAQ: RGLD) may be worth another look. Shares are essentially flat over the past ...
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$100/barrel Crude Good for OPEC, Not So Good for Supermajors (XOM, CVX, COP, TOT, BP, BX)

Posted: May 3, 2012 at 8:01 am

At an energy conference in Paris today, the secretary general of OPEC, Abdalla Salem el-Badri, said that the cartel is “not happy” with crude oil prices in the $110-$130/barrel range ...
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Arch Coal Credit Downgrade (ACI)

Posted: May 2, 2012 at 2:56 pm

Another shoe dropped for Arch Coal Inc. (NYSE: ACI) today as Fitch Ratings has lowered the company’s credit rating to ‘B+’, four notches below investment grade. The rating follows yesterday’s ...
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Gold Miners in Flux (ABX, GG, NEM, KGC, AUY, FCX)

Posted: May 2, 2012 at 9:37 am

Gold has been trading in a fairly narrow range between $1,600-$1,700/ounce for the past two months after ending 2011 at around $1,525/ounce. Gold prices spiked to near $1,800/ounce in February, ...
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Arch Coal’s Bad Results Could Get Worse (ACI, BTU, ANR, PCX, JRCC, CLD)

Posted: May 1, 2012 at 11:39 am

No one was expecting much from Arch Coal Inc. (NYSE: ACI) when it reported first-quarter results this morning. And that’s just what investors got. The company reported an adjusted EPS ...
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S&P Puts Arch Coal on Negative Watch (ACI, PCX, JRCC, ANR, BTU)

Posted: April 25, 2012 at 11:52 am

Credit rating agency Standard & Poor’s has put coal miner Arch Coal Inc. (NYSE: ACI) on CreditWatch with negative implications, threatening a one-notch downgrade to the company’s current ‘junk’ rating ...
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Underwear and the Price of Cotton (HBI, UA, MFB)

Posted: April 20, 2012 at 2:07 pm

Last April, cotton prices had climbed to around $2.10/pound as drought in Texas threatened to play havoc on the crop. The March price this year was $0.995/pound and the today’s ...
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