Commodity Trader’s Profits Up 45%
Swiss-based Glencore International AG is the world’s largest commodity trader posted earnings of $979 million for the third quarter, up from $677 million in the second quarter. For the first nine months of 2010,…
Commodities & Metals
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Newest first · Page 108The Ten Products and Commodities Which Have Hit All-Time Highs
Possibly the most critical debate at the moment in the global economy is whether central banks should fight inflation or deflation. On its face, inflation appears to be the lesser of two evils. High…
Is ArcelorMittal The Right Fit For Massey? (MEE, MT, ANR, KOL)
Since reports first surfaced that Massey Energy Co. (NYSE: MEE) was considering a possible sale of the company as one of a number of strategic options, the company’s share price has risen more than…
Bucyrus Buyout: Flurry of Sector Interest (BUCY, CAT, JOYG, TEX, MTW)
The day has come for Bucyrus International Inc. (NASDAQ: BUCY). Caterpillar Inc. (NYSE: CAT) has announced that it will expand its mining equipment operations and product offerings with the acquisition of Bucyrus. The deal…
The Next 7 American Monopolies (NFLX, SIRI, LULU, AWK, FICO, MCP, MON)
Few companies have a true monopoly in any market. More common are “virtual monopolies” or “near-monopolies” that exist due to geography or brand recognition. When consumers hear the term monopoly, the first thing that…
October Inflows & Outflows: More Trends for ETFs Over Mutual Funds (GLD, USO)
Did retail investors catch the top of the market? Many individual investors missed the huge market gains from the lows in early 2009 and now many are playing catch-up. Fresh data from Morningstar this…
Rapaport Brings Auctions to the Diamond Market
Diamonds come in many shapes and sizes, and to add to the mix in valuations they come in various color grades and have grades based upon how perfect the diamond is by inclusions. Valuing…
Taking the Rare Earths Quest to Canada (MCP, REE, GMO, REMX, AVL.TO, QRE.V, QRM.V, RA.V, RES.V, TCR.V, UCU.V)
The rare earth oxide, rare earth element, and rare earth minerals segment is continuing to see a surge. Some could be tied to the expectations of a new ETF driving ownership interest up, but…
Despite $1,400 Gold, Still Many Gold Laggards (GLD, GDX, GDXJ, AUY, KGC, RGLD, GRS, RBY, NXG, XRA, DROOY)
Gold is hitting record highs now that we are seeing above $1,400.00 per ounce on COMEX. The translation to all gold producers is that production is that much more profitable. Exploration companies have that…
Coal IPOs Highlight Domestic Coal (BTU, ACI, ANR, KOL)
If you have any doubt about whether or not coal is yesterday’s fuel and renewables are tomorrows, two IPOs should point you at the right answer. Italy’s largest utility, Enel SpA, spun off its…
Royal Gold Stumbles Even as Gold Prices Soar (RGLD, NEM, ABX, SLW, GLD, GDX)
Investors looking to making a killing on gold this past year would have done well to invest in silver. Gold prices have risen to more than $1,300/ounce, about a 20% jump in the past…
Archer Daniels Midland, Where Inventory Valuation Takes A Bite (ADM, BG, POT, VLO, ANDE)
Farm products giant Archer Daniels Midland Co. (NYSE: ADM) posted EPS of $0.54 on revenue of $16.8 billion. Analysts were expecting EPS of $0.75 on revenue of $15.66 billion, so the company’s shares are…
Gold Investors…’Wait & See’ Reaction on Newmont (NEM, GDX, ABX, GG)
Newmont Mining Corp. (NYSE: NEM) is up this morning after beating earnings expectations. It seems that they might be implying that gold producers will not just have to beat earnings to continue their rise…
Potash Buyout Heats Up (POT, BHP)
The fight over winning a Potash Corp. of Saskatchewan (NYSE: POT) is heating up. Whether BHP Billiton plc (NYSE: BHP) can ultimately win backing of the merger at its current price from holders is…
Gold To Reach $10,000: The Case
Gold will reach $10,000 an ounce, or so says investment manager Shayne McGuire, who runs a $330 million gold portfolio at the Teacher Retirement System of Texas, according to The Wall Street Journal McGuire reasons…