World Gold Council Blames Speculators For Gold Price Crash
ThinkstockAs we said the whole way down, it may be a painful lesson or a fool’s game to try to predict or to try to catch the bottom on the price of gold. The…
Commodities & Metals
All Commodities & Metals Articles
Newest first · Page 67Earnings Surprise Brings Coal Sector Back into Focus
ThinkstockShares of Peabody Energy Corp. (NYSE: BTU) rose as much as 3.2% this morning after the company posted first-quarter earnings that were considerably better than expected. Peabody’s earnings per share (EPS) loss of $0.05…
After Price of Gold Tanks, Bank of America Slashes Gold Target
ThinkstockThe gold bugs are getting crushed ever harder as the price of gold is now well into a bear market. Gold is losing its biggest bulls on top of the constant negative reports that…
Bill Gross of PIMCO Joins the Sell Gold Camp (Updated for Clarity)
ThinkstockOK, so everyone knows that the price of gold is tanking. After peaking at almost $1,800 and falling under $1,400, now the calls are growing louder and louder to sell gold. Bill Gross of…
Wall Street Analysts Defend Gold Miners
ThinkstockIt is no secret that the gold bugs got squashed, but Wall St. analysts are starting to have something different to say. The price of gold broke from a peak of close to $1,800,…
China OKs Glencore-Xstrata Merger
ThinkstockSwiss-based commodities trading house and mining company Glencore International announced last night that it has received approval from China’s Ministry of Commerce for its merger with Xstrata. The Chinese government did, however, insist on…
Despite the Gold Tank, SPDR Gold Has More Gold Than Almost All Nations
ThinkstockThe SPDR Gold Trust (NYSEMKT: GLD) has cratered along with the gold market. We will see if the bounce holds from Tuesday morning, but it has been hard to not see that the gain of…
Commodities Trading Needs to Shape Up
ThinkstockOver the past 10 years the world’s largest commodities trading houses have racked up nearly $250 billion in profit. That is more than the net profit of Goldman Sachs Group Inc. (NYSE: GS), J.P.…
Gold Dives, Drags Equities and Oil Along
ThinkstockToday’s 9.3% drop in the price of gold was the largest one-day drop in 30 years. The sell-off began in Asia last night, continued through the day in Europe, and wound up slamming U.S.…
The Gold Crash Moves from One Year to One Week — or One Day
ThinkstockBeware of the calls to try to catch falling knives. Stepping in front of the train that is selling in gold and silver may come with severe pain for investors trying to fight the trend.…
Gold Mining Stocks Dumped Over Worries About Their Profitability
ThinkstockThe latest casualty of the drop in gold prices is gold-mining stocks. CNBC reports: As gold prices extended their decline on Monday, investors dumped shares of gold miners on worries over their profitability as…
The Case for $1,300 or Even $1,200 Gold — It May Actually Be a Good Thing
ThinkstockThe gold bugs are getting squashed and flushed down the drain as gold continues its slide. After breaking the $1500 mark on Friday there are some key calls to consider as gold could get…
Corn, Wheat Stockpiles to Rise
ThinkstockThe U.S. Department of Agriculture (USDA) this morning released its monthly World Agricultural Supply and Demand Estimates (WASDE) report for April. The agency lifted its estimate on U.S. wheat stocks by 15 million bushels,…
Big Earnings Drop at Cargill Indicates Caution on Agribusiness Players
Thinkstock Privately held agribusiness giant Cargill today reported that net earnings for the company’s third fiscal quarter ending in February fell 42% year-over-year to $445 million. Sequentially earnings rose from $409 million in the…
Gold and Silver Bugs Ignore Deutsche Bank Price Cut Warnings for 2013 and 2014
ThinkstockGet ready for lower gold and silver prices! That is what Deutsche Bank A.G. (NYSE: DB) is telling its clients to expect in 2013 and in 2014. In a research note on Tuesday, Deutsche…