Commodities & Metals

Cattle

Meat Prices Fall in February

The U.S. Department of Agriculture (USDA) released its preliminary report on February farm prices Monday afternoon. The all-products price index rose 3.1% month-over-month to 100, with the crop production index ...
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gold bars

How to View and Value Gold in a Rising Dollar Environment

It is almost impossible to argue against the notion that gold has lost much of its luster for investors and speculators. Gold may not have fallen out of favor as badly ...
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Stock Split Image

What an 84% Dividend Cut Is REALLY Telling Investors

If you think that low commodity prices and a weak baseline for the economy are not having an impact on corporate governance decisions, you are about to see just how ...
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Pouring molten steel

Are Steel and Metal Stocks Forming a Bottom?

Investors are always on the lookout for solid value in stocks, and sometimes that value comes from down and out stock sectors. It turns out that many of the key steel ...
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Molycorp Mountain Pass Mine

Is There More Hope Than Reality in Molycorp and Rare Earth Gains?

Rare earth elements are back in focus. CBS’s weekly news show “60 Minutes” reported on rare earth elements in its show that aired Sunday night, and that was followed up ...
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pipes

Can US Steel Companies Ever Realize Their Turnarounds?

In the past three days, three steel companies have provided first-quarter guidance. One cut earnings forecasts drastically and the other two both offered weak outlooks. Nucor Corp. (NYSE: NUE) said ...
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mining

Does Banker Lawsuit Put Cliffs at Further Risk?

It has all been downhill for Cliffs Natural Resources Inc. (NYSE: CLF), ever since last fall when it lost in its Bloom Lake arbitrage. Following this, the company was at ...
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gold bars nuggets

Fed Push for Inflation Implies Support for Gold Price, Miners

Lacking significant inflation to help drive up demand, gold prices have dropped more than $200 an ounce in the past 12 months. However, it appears that gold is going to ...
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Gold bars

Will Gold Follow Oil and Fall Back Under $1,000?

The drop in the price of oil has been monumental, and the oil and gas sector is starting to prepare for some much leaner times ahead. The question to ask ...
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dollar

Molycorp Earnings Rekindle Fears of the Worst

After the markets closed Monday, Molycorp Inc. (NYSE: MCP) reported its fourth-quarter financial results. The rare earths company had a net loss of $0.39 per share on $116.2 million in ...
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Molycorp Mountain Pass Mine

What to Expect From Molycorp Earnings

Molycorp Inc. (NYSE: MCP) will report its fourth-quarter financial results Monday after the markets close. Thomson Reuters has recent consensus estimates for a net loss of $0.33 per share and $104 million ...
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Pouring molten steel

As US Steel Idles Minn. Plant, Will More Plant Idling Follow?

The woes continue to pile on for United States Steel Corp. (NYSE: X) as it announced that it will be idling yet another plant. This might not be moving the ...
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airplane

Another Smart Alcoa Acquisition, but Is the Price Smart?

Alcoa Inc. (NYSE: AA) announced Monday morning that it would acquire RTI International Metals Inc. (NYSE: RTI) in a stock-for-stock transaction that values RTI at $1.5 billion including debt. The goal ...
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Open pit mine

Friday Bloodbath for Gold Mining Stocks

COMEX gold for April delivery traded down nearly 2% Friday morning at around $1,174 an ounce. Two weeks ago the contract traded at about $1,207. In the same two-week period, ...
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Aluminum

Why Merrill Lynch Threw In the Towel on Aluminum

Big aluminum took a hit Tuesday morning when Merrill Lynch issued downgrades for both Alcoa Inc. (NYSE: AA) and Century Aluminum Co. (NASDAQ: CENX). The downgrades were the direct result ...
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