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Posts related to ‘Metals’

Silver & Gold Both Become The Devil’s Metal… Is Chart Support Near? (GLD, SLV, ABX, GDX, SLW)

Posted: April 4, 2012 at 1:02 pm

There is no point in arguing about it.  Gold and silver are just the wrong trades in the current state of the markets.  Hope may be near for support, but ...
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Uranium Miner Makes Secondary Offering, Stock Falls (UEC)

Posted: April 3, 2012 at 10:20 am

Uranium miner Uranium Energy Corp. (AMEX: UEC) sold 5.56 million shares of common stock today at a per share price of $3.60, a discount of about 6.7% to last night’s ...
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Marc Faber Boom & Doom… Stocks, Japan, Gold (EWJ, GLD)

Posted: April 2, 2012 at 10:45 am

Marc Faber, who is the publisher of the Gloom, Boom and Doom Report, gave an interview on Bloomberg Television this Monday showing some real caution that is mixed with some ...
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Barrick Gold to Issue $2 Billion in New Debt (ABX)

Posted: March 30, 2012 at 7:00 am

Barrick Gold Corp. (NYSE: ABX) has announced this morning that the company will issue $2 billion in debt securities, the proceeds of which will be used: primarily to repay existing ...
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Coal Stocks Beaten Up on New EPA Emissions Rules (BTU, ANR, PCX, ACI, JRCC, KOL)

Posted: March 28, 2012 at 12:21 pm

Yesterday’s publication of proposed new carbon emissions rules related to electricity power generating plants have taken even more steam out of US coal company stocks. The new rules are generally ...
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Another Asset Sale Coming in Diamond Mining? (RIO, BHP, AAUKY)

Posted: March 27, 2012 at 9:14 am

UK-based mining giant Rio Tinto plc (NYSE: RIO) is mulling over the idea of shedding its diamond mining and production operations. The company’s review follows by two weeks reports that ...
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Coal Miner Lowers Profit Outlook (WLT)

Posted: March 26, 2012 at 12:50 pm

Coal miner Walter Energy Inc. (NYSE: WLT) this morning lowered its revenue and profit forecasts for the current quarter, but, in a bit of an odd turn, maintained its ...
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Randgold, a Mali Coup, and the Price of Timbuktu (GOLD)

Posted: March 22, 2012 at 11:38 am

Randgold Resources Limited (NASDAQ: GOLD) is paying a price for where it does business.  The political situation in the African nation Mali is in a coup.  The gold mining outfit ...
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Junior Gold Miner Rubicon Gets Permits (RBY, GG, GDXJ)

Posted: March 21, 2012 at 1:16 pm

Rubicon Minerals Corp. (AMEX: RBY) said today that it has received approval from the Ontario, Canada, environmental ministry for its proposed amendments to water, sewage, and air permits at the ...
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Lower Steel Demand from China Chills Mining Stocks (BHP, VALE, RIO)

Posted: March 20, 2012 at 10:00 am

The projected slowdown in China’s GDP growth to 7.5% in 2012 has dampened demand for steel. Steel prices are flattening out and the result is that investors are seeing a ...
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Coal Stocks Lifted on Rumor of Buyout (WLT, BRK-A, BRK-B, BHP, AAUKY, ANR, BTU, PCX, KOL)

Posted: March 16, 2012 at 2:29 pm

British newspaper The Guardian has a blog post saying there is speculation that US coal miner Walter Energy Inc. (NYSE: WLT) could be a ripe for a takeover fight among ...
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When Gold Is Not Risk Asset Nor A Hedge… Gold to $1,500? (GLD, GDX)

Posted: March 16, 2012 at 12:59 pm

During some points in the market cycle, gold is a hedge against the dollar.  Sometimes it is a risk-on trade that follows the stock market as though it was its ...
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Steel Dynamics Lowers Forecast (STLD, NUE)

Posted: March 16, 2012 at 10:02 am

Steel maker Steel Dynamics Inc. (NASDAQ: STLD) today cut its EPS guidance by around 50% of the previous consensus estimate of $0.36. The company’s new forecast is for EPS of ...
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Are Gold Stocks a Bargain at 52-Week Lows? (GLD, ABX, NEM, GG, GDX)

Posted: March 15, 2012 at 1:55 pm

Gold is trying to recover on Thursday as it moves back and forth between being a risk-trade asset and an end of the world trade.  While gold may be on the mend or ...
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Nucor Guidance Way Below Consensus Estimate (NUE)

Posted: March 15, 2012 at 9:32 am

Steel-maker Nucor Corp. (NYSE: NUE) released guidance for its first quarter of 2012 that is about 50% less than consensus estimates. The company said that EPS for the first quarter ...
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