Alcoa, Inc. (NYSE: AA) is one of the first stocks that kicks off earnings season every quarter. Today is its actual earnings report after the closing bell. What is interesting is that traders try…
Potash Corporation of Saskatchewan Inc. (NYSE: POT) did last night what most traders already feared was coming. The Canadian potash supply giant said that weak demand for its products and lower prices were going…
Gold Fields Ltd. (NYSE: GFI) has just filed to withdraw a securities shelf registration statement. It lists circumstances in the securities markets, although that seems a tad odd when you consider that the market…
Monsanto Co. (NYSE: MON), Potash Corp. of Saskatchewan, Inc. (NYSE: POT), Mosaic Co. (NYSE: MOS) and Intrepid Potash,Inc. (NYSE: IPI) are all recovering at least some from yesterday’s major drops. While Agrium Inc. (NYSE:…
If you thought European stock news from companies doesn’t matter, this morning is proof against that notion. A German company called K+S warned of weak potash demand and announced price cuts and a drop…
The developed countries are beginning to view China as one large vulture fund which bankrolls companies that it controls to buy up key overseas asset at prices undermined by the recession. The resulting tensions…
Since the beginning of the year, the price for copper has nearly doubled, silver has risen by nearly a third, and gold has added more than 20%. Silver is in the process of having…
Gold has been making a serious comeback and many are talking about the $1,000 per ounce level again as being ahead shortly. This latest run is with energy prices screaming, the US Dollar getting…
The deal between Rio Tinto plc (NYSE: RTP) and Japan’s Nippon Steel that cut the Japanese company’s iron ore price by a third does not appear to be acceptable to China’s steelmakers. Confirming our…
UK-based miner Rio Tinto plc (NYSE:RTP) has announced a pricing agreement with Japan’s Nippon Steel for iron ore for the contract year beginning April 1, 2009. The new prices are about 33% below last…
Anglo American plc (NASDAQ: AAUK) is seeing exact opposite calls on the positives and negatives this morning. We have seen the stock’s rating raised to the revered “Conviction Buy List” at Goldman Sachs based…
The deal between China’s government-owned aluminum company, Chinalco, and Rio Tinto plc (NYSE: RTP), in which Rio gets $19.5 billion and Chinalco gets a larger stake in Rio may be changing. There are several…
While the Fed has noted nothing about inflationary pressures, we have started seeing yet another return to the reflation trade as the economy seems to be bottoming out and all the new printed money…
Coeur d’Alene Mines Corp. (NYSE: CDE) has announced a 1-for-10 reverse stock split, which will be effective on May 26, 2009. The shares will trade on the NYSE on a split-adjusted basis beginning the…
With gold back well above the $900.00 mark, it seems that the SPDR Gold Shares (NYSE: GLD) and the Market Vectors Gold Miners ETF (NYSE: GDX) are trying to interpret a key gold earnings…