U.S. equity markets opened higher this morning following a two-day run of losses. No significant data was scheduled to be released in the U.S. today, so investors were guided by corporate earnings…
ThinkstockWhen Silver Wheaton Corp. (NYSE: SLW) reported third-quarter results yesterday, the silver miner noted that lower sales and lower prices hit both revenues and profits, down 13% and 11% respectively. A year-over-year…
The move in silver has been amazing, but something else has been even more amazing. Silver miners have selectively moved in a manner much more than the metal itself. The move in…
Gold had hit yet a new six-month high of $1,779.10 per ounce in early bird trading today after the Bank of Japan decided to ease via an expanded asset purchase plan. The…
The announcement of QE3 is not bringing a “sell the news” reaction at all when it comes to the metals market. Gold is surging, but The Devil’s Metal of silver is significantly outperforming…
Silver is trying to make a breakout as spot silver has been trading between $28.00 and $28.20 most of yesterday and today. Its chart is running into some resistance after having bottomed…
Hecla Mining Company (NYSE: HL) has had troubles of its own for a while. After the U.S. Silver Corporation (traded in Canada, operating in Idaho) said that a sufficient number of its…
Jon C. Ogg The ADP report on jobs managed to come in much better than expected. This has somewhat dampened the hope that the FOMC will need to immediately begin new stimulus measures via the…
By now you have likely heard the term “The Devil’s Metal.” When you see big price whips in silver, it generally means that there is something happening in commodity markets. The situation which…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday. American International Group (NYSE: AIG) Raised to Buy at Sandler O’Neill. Angie’s…
The major US stock indexes opened sharply lower this morning as weak performance in the European markets as traders try to figure out what last weekend’s elections mean. Crude oil was also…
What happens when you have an appreciating dollar? Commodity prices tend to fall, all other things being equal. But what about when you have a scenario where risk-on investors are not buying…
The major US stock indexes opened lower this morning following a weekend of elections in Europe. A new Socialist party president in France and a still very cloudy future in Greece have…
Is it starting to feel like the silly season all over again? On a day after higher consumer confidence and weak durable goods, spot gold is up just over 1% at $1,788.90…
US markets opened higher this morning and traded higher for most of the day. The DJIA briefly rose above 13,000 for the first time in nearly 3 years. But in the early…
