Gold & Silver Woes Remain As Relevance is Under Attack
Gold remains under pressure on Tuesday, albeit at a far lower rate of pressure with a drop of only $0.37 to $1,554.19. Gold was at $1,580 just yesterday morning overseas and it was challenging…
Commodities & Metals
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Newest first · Page 88In Defense of Molycorp and Rare Earths
Molycorp Inc. (NYSE: MCP) is nothing short of an odd stock in an even more odd industry. Most investors and most in the public might not even understand what rare earth elements and oxides…
Gold Hits 2012 Low
Gold for June delivery closed down 0.6% today, at $1,594.20/ounce on Comex, the lowest settlement price since December 30. Traders are reacting to two things: a strengthening U.S. dollar and an even more uncertain…
Fertilizer Maker Makes Hay on Nitrogen (AGU, CF, POT, MOS, MON)
Getting any respect in the fertilizer business has been pretty tough so far this year. We’ll have to wait about an hour or so this morning to see if Agrium Corp. (NYSE: AGU) can…
A Strange Rare Earth Segment Move… Opportunity or Trap? (MCP, REE, AVL, REMX)
The trend from rare earth moves usually seems to be like a China-regulatory move, but that is not the case today. We have an emerging player which has delayed a feasibility study and another…
S&P Cuts Outlook on Coal Miner (CNX, ACI, ANR, WLT)
Ratings agency S&P has lowered its outlook on coal miner Consol Energy Corp. (NYSE: CNX) from ‘positive’ to ‘stable’, while maintaining a ‘BB’ junk rating on the company’s debt. Earlier this week Fitch Ratings…
Green Mountain Boiled Following Earnings (GMCR, SBUX, JVA)
courtesy Green Mountain Coffee Roasters Inc.Our story last night after Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) reported shares down more than -37% after the company screwed up in just about every possible way.…
Royal Gold’s Reserves Grow Even as Results Lag (RGLD, ABX, KGC, NEM, GG, PAAS, GLD)
For those who believe that the price of gold is going to rise, Royal Gold Inc. (NASDAQ: RGLD) may be worth another look. Shares are essentially flat over the past 12 months, but the…
Arch Coal Credit Downgrade (ACI)
Another shoe dropped for Arch Coal Inc. (NYSE: ACI) today as Fitch Ratings has lowered the company’s credit rating to ‘B+’, four notches below investment grade. The rating follows yesterday’s quarterly earnings report from…
Gold Miners in Flux (ABX, GG, NEM, KGC, AUY, FCX)
Gold has been trading in a fairly narrow range between $1,600-$1,700/ounce for the past two months after ending 2011 at around $1,525/ounce. Gold prices spiked to near $1,800/ounce in February, but none of this…
Arch Coal’s Bad Results Could Get Worse (ACI, BTU, ANR, PCX, JRCC, CLD)
No one was expecting much from Arch Coal Inc. (NYSE: ACI) when it reported first-quarter results this morning. And that’s just what investors got. The company reported an adjusted EPS loss of -$0.04, way…
America’s Continuing Love Affair with Gold
The price of gold may be down this year, but over the past three it has nearly doubled. No wonder many Americans think it is a good investment. A large number think it is the best…
Potash Sales & Demand Remain Weaker Longer (POT, MOS)
Potash Corp. of Saskatchewan, Inc. (NYSE: POT) appears to have the fertilizer and potash sector off to some concerns during earnings season. The culprit appears to be weaker than expected demand followed by soft…
S&P Puts Arch Coal on Negative Watch (ACI, PCX, JRCC, ANR, BTU)
Credit rating agency Standard & Poor’s has put coal miner Arch Coal Inc. (NYSE: ACI) on CreditWatch with negative implications, threatening a one-notch downgrade to the company’s current ‘junk’ rating of ‘BB-’. S&P states…
Underwear and the Price of Cotton (HBI, UA, MFB)
Last April, cotton prices had climbed to around $2.10/pound as drought in Texas threatened to play havoc on the crop. The March price this year was $0.995/pound and the today’s price is around $0.90/pound.…