The Reflation Trade Emerges, Again (USO, OIL, GLD, GDX, DBA)
Some good news in the markets today and the massive influx of future money from the Fed and Treasury has led to a substantial increase in both crude oil and gold prices. NYMEX crude…
Commodities & Metals
All Commodities & Metals Articles
Newest first · Page 120Rio Tinto’s Chinese Investment Getting Some Pushback (RTP, BHP, CEO)
When China’s government-owned aluminum company Chinalco agreed to pay $19.5 billion for an additional 9% of Rio Tinto plc (NYSE:RTP), the deal already faced a couple of problems. The biggest was the Australian government’s…
Metals Weakness Persists (STLD)
Steel Dynamics, Inc. (Nasdaq: STLD) gave updated guidance reading for its first quarter tonight. It is hard to get excited about the metals sector and Steel Dynamics in particular.
Just Like That, Gold Lost Its Luster (ABX, NEM, GG, RGLD, GLD)
Share prices for gold miners and gold bullion mostly dropped yesterday as traders thought it was a good day to take on more risk. In London this morning, gold prices have jumped back above…
Agrium-CF-Terra Merger Triangle Gets Hostile (AGU, CF, TRA)
Agrium Inc.(NYSE: AGU) does not want to give up on its merger intentions. The company issued a statement saying that the rejection by CF Industries Holdings, Inc. (NYSE: CF) of its proposed acquisition is…
Opportunism Everywhere in Fertilzer Business (CF, AGU, TRA, MOO)
Fertilizer maker CF Industries Holdings, Inc. (NYSE: CF) this morning rejected a buyout offer from Canada’s Agrium, Inc. (NYSE: AGU). The stock and cash offer was valued at about $72/share of CF stock. Last…
Coal for Sale (ACI, RTP)
Arch Coal, Inc. (NYSE:ACI) plans to buy a coal mine in Wyoming’s Powder River Basin from Rio Tinto plc (NYSE:RTP) for $761 million. The Jacobs Ranch mine includes 381 million tons of coal reserves…
Fertilizer Triangle Now a Twosome, Maybe (TRA, CF, AGU)
Barely a week ago, we noted that Terra Industries, Inc. (NYSE: TRA) was likely to refuse an unsolicited offer from CF Industries Holdings, Inc. (NYSE: CF) because the deal included only 0.4325 shares of…
CONSOL Shutters Coal Mine (CNX)
We have been saying for some time that 2009 would be a tougher year for coal producers than 2008 was. The struggling economy just doesn’t need more energy. CONSOL Energy Inc. (NYSE: CNX) put…
Fool’s Gold
Gold has traditionally served as a safe haven for investors in times of economic turmoil or as a store of value during inflationary periods. The Economist recently argued that now is the time to…
Something Brewing At Mosaic? (MOS, AGU, CF, TRA)
Mosaic Co. (NYSE: MOS) was lost in the financial shuffle today. Perhaps it should not have been. The stock rose up 8.5% at $43.05 today on more than double the normal volume. Options were…
Fertilizer’s Merger Triangle (AGU, CF, TRA)
Canadian-based fertilizer maker Agrium Inc. (NYSE: AGU) made an unsolicited offer for CF Industries Holdings, Inc. (NYSE: CF) earlier this week of one share of stock plus $31.70 cash for each CF share. The…
Gold Stock Pressure, With Or Without Gold Prices (EGO, RGLD, IAG, GSS, GLD, GDX, ABX)
We covered last weekend about how the $1,000.00 gold was at an inflection point and looking as though it was either poised to pop to $1,200.00 on the speculation of fear or that it…
A Call for $3,000 Gold (GLD)
A guest on CNBC this morning predicted that Gold was ready to go through the roof. The 20 to 25 year unwinding of the credit boom has led Hans Goetti, Chief Investment Officer of…
When Stockpiling Gold Becomes Hoarding Gold (STT, GLD)
An affiliate of State Street Corporation (NYSE: STT) reported this morning that its ETF SPDR Gold Trust (NYSE: GLD) has amassed more than $30 billion in assets. That makes the trust second only to…