Gold needs a breather. All of the same reasons that gold ran from $900 to $1200 are still in place outside of the catastrophic meltdown scenario on every investor’s mind in early 2009. Greece…
Alcoa, Inc. (NYSE: AA) is a stock that traders and investors alike try to use as a proxy for earnings season for the market as a whole and for the metals sector. Sometimes it…
The coal sector has been rocked in the past two weeks by deadly accidents at mines in China and the US. In China, 32 miners are still missing and 6 are dead, and in…
The US dollar and commodity prices are supposed to be inversely related, or so we saw during so much of the last 2009 gold rally. Quite simply, global commodity assets quoted in dollars cost…
For the past 40 years, the price of iron ore has been set annually in a negotiated deal between miners and buyers. Typically, the first large customer to cut a deal with a miner…
The under-developing world needs food while the developed world is full. US crop yield reports sunk commodities prices as the U.S. Agriculture Department’s Prospective Plantings numbers showed that farmers are having a record year. The…
The Wall Street Journal reports that millions of acres of prime American farmland will be destroyed this year by a plague of grasshoppers. The paper reports that “grasshoppers will likely hatch in bigger numbers…
When oil was targeted by the CFTC for position limits, many did not want to believe that this would come to the gold market and to other metals. We believe that this is coming. …
How many quarters have we had to hear from fertilizer and potash companies that the earnings results will be disappointing but good news is closer rather than farther away? This has been the trend…
Patriot Coal Corporation (NYSE: PCX) had a stellar trading day, with a gain of more than 10% which moved the shares above $20.00 for the first time since January 20. The reason for today’s…
Terra Industries Inc. (NYSE: TRA) is back in the mergers and acquisitions spotlight as the target of CF Industries Holdings, Inc. (NYSE: CF). If this sounds familiar, it is because CF tried to do…
Gold was supposed to keep eroding, or so its chart was indicating, earlier this week. But the weakening dollar vs. euro trade coming back and variations of rumors that China was buying that gold…
It has been hard to not notice the sideways trading action in gold of late. Sure, you have the potential decline of the Euro, the rising dollar, mixed economic data globally, China keeping the…
The International Monetary Fund says it will sell 191 tons of gold. The agency claims it needs the cash for lending. It may be that the IMF suspects that gold price will fall from their…
We are getting more and more caution from technicians and fundamental analysts that bring back the notion and fears of another market correction. Some are expecting far worse than just a correction. The good…