In what appears to be a counterintuitive move, CME Group (NASDAQ: CME) today raised its margin requirements for copper futures contracts. The requirement rose by 15%, from $6,750 to $7,763 for an…
At yesterday’s meeting for investors, Rio Tinto plc (NYSE: RIO) offered a subdued forecast for the iron ore and copper markets going forward. There was some upbeat talk about new projects in…
The stock market is getting yet another huge bounce today and the gain in the DJIA currently is up 377 points at 11,097 and change… The NASDAQ is up literally almost 100…
Earnings season is still going strong, but we are now getting into the late-cycle companies which have a one-month lag to their earnings reports. Several key stocks are due this next week…
As the disagreement on the US debt ceiling turns into a debacle, gold posted a new high near $1,635/ounce this morning before pulling back to trade at around $1,624 late in the…
As the politicians in America play chicken with our prized Triple-A debt rating and as Europe is succumbing to its PIIGS, gold has eclipsed $1600 per ounce and now it has helped…
Consulting firm Pricewaterhouse Coopers has released its annual review of the mining industry, claiming that “the financial results for the Top 40 were spectacular.” That’s pretty hard to argue with, given a…
Today’s commodities watch focuses exclusively on silver, The Devil’s Metal. It appears that the gray metal may have hit a floor although the exact level of that floor is arguable. The price…
Today’s commodities report takes a look at the recovery in silver, another comeback for coffee, and some concerns about agricultural exchange-traded products. The price of silver is up about 4.5% at mid-day,…
Earnings season is slowing down as we have over 80% of the S&P 500 companies having reported earnings for the first quarter of 2011. We do still have key companies reporting earnings…
The death of the silver trade is playing out even faster than the oil bubble popped in mid-2008. Silver is truly living up to its name “The Devil’s Metal.” The margin requirements…
The recent rise of silver and gold is hopefully the last wave of the new buyers hedging against inflation and buying protection against uncertainty in hard assets over paper money. Sadly, that might…
The move of a generation in silver continues to rise in The Devil’s Metal. The same logic two years ago for why silver was the better metal than gold for inflation hedging…
Silver prices have once again set a record. The metal rose to $38.50/ounce, its highest level in 38 years. And the price for silver acts like it wants to break above $40.00.…
Time now for our daily look at commodity prices and news. The Royal Bank of Scotland Group plc (NYSE: RBS) has issued its latest version of the ‘Commodity Companion,’ and the bank…
