This morning’s reports on unemployment (up), manufacturing (down), housing (sort of up), and consumer spending (up a little) have pushed the market down. Out of the gate this morning, gold miners and spot gold…
Fertilizer maker CF Industries Holdings, Inc. (NYSE:CF) said it has purchased 7% of the shares of competitor Terra Industries Inc. (NYSE:TRA) on the open market. CF has also renewed its offer to purchase the…
Now that Barrick Gold Corp. (NYSE:ABX) has raised $4 billion or so to buy out its hedges, the company is set to enjoy an expected run-up in gold prices. In early trading today, Barrick…
Barrick Gold Corporation (NYSE: ABX) is going to be taking an action which has mixed implications for shares of Barrick versus the overall gold play now that the shiny yellow metal is hitting $1,000.00…
The commodities call is back on. It isn’t $100 oil, but it is for $1,000.00 gold. We have two well respected market technicians calling for higher gold prices. At 10:12 AM EST, Spot Gold…
This morning is looking a little rough for some of the farming, agriculture, fertilizer, and potash stocks. We have seen a downgrade in the sector from UBS this morning. Potash Corp. of Saskatchewan, Inc.…
Filed in the folder marked “facts most people would never imagine” is the news that nearly nine out of ten bills in the US are contaminated with cocaine. Data released by the American Chemical…
This morning’s move in gold may have seemed like an anomaly as gold briefly traded up over $970.00 per ounce. The shiny yellow stuff rose $2.28 at $964.78 as of 10:42 AM EST. What…
We have two IPO’s today, which sort of got lost in the earnings season shuffle. Despite the recent market strength and the performance of recent IPO’s, both of these have been disappointing. Globe Specialty…
The Mosaic Company (NYSE: MOS) has just announced a new unsecured credit facility with a syndicate of banks. While credit has been tight for many companies, this new three-year $500 million unsecured facility replaces…
In the world of metals and commodity ETF products, the iShares Silver Trust (NYS: SLV) has been the go-to ETF for traders wanting exposure to the price of silver as it has an objective…
Ben Bernanke thinks the risks of inflation may be overstated or those fearing major inflation may be misguided. But that feeling is still not shared by many on Wall Street and also not shared…
We saw very unusual options trading late today during the last hour of trading in shares of Mosaic Co. (NYSE: MOS). This is the day after reports that Brazil’s Vale S.A. (NYSE: VALE) was…
Fertilizer stocks just can’t catch a break. If it isn’t an official earnings warning to watch out for or the stock market and economic growth concerns, then it government data. New data reported from…
Alcoa Inc. (NYSE: AA) posted a narrower-than-expected loss of -$0.26 EPS on a non-GAAP basis and -$0.32 EPS from continuing operations. Revenues were down sharply to $4.24 billion (from $7.62 billion a year ago),…