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Is Anyone Watching Any Other Chart?
Wednesday, May 25, 2011 - 11:15am | 206At this time, almost every trader in the world is watching the U.S. Dollar Index(DX) chart. This morning, the U.S. Dollar Index has pulled back after the opening bell rang at the New York Stock Exchange. This decline in the U.S. Dollar has caused the major stock indexes to inflate and trade higher...
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BHP Billiton Up 2% On COmmodity Comeback
Tuesday, May 24, 2011 - 3:24pm | 133BHP Billiton Limited (NYSE: BHP) shares are up today, as commodities are gaining back some ground today, as riskier assets are seeing a bid. After the past few days, risky assets, such as oil, copper, silver, and iron ore, have seen sell offs on concerns of global growth slowing, in addition to...
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Mad Money Lightning Round OT: Cramer Is Bearish On JKS (AZC, FCX, JKS, SD)
Monday, May 23, 2011 - 7:32pm | 235On CNBC's Mad Money Lightning Round OT, Jim Cramer said that Augusta Resource Corp. (USA) (AMEX: AZC) is a very speculative stock. He doesn't want to buy this stock, and he advised the viewers who want to get a long exposure to copper to buy Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), but...
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Blood On The Street
Monday, May 23, 2011 - 10:02am | 237This morning, the major stock market indexes are declining sharply lower. The catalyst for the steep stock market decline is once again the stronger U.S. Dollar. When the dollar rallies or trades higher the major stock and commodities will deflate and simply trade lower. This morning the leading...
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Dahlman Rose Reiterates Buy and PT of $16 on Thompson Creek Metals Company
Monday, May 23, 2011 - 7:48am | 186Dahlman Rose reiterated its Buy rating on Thompson Creek Metals Company (NYSE: TC). At the same time, Dahlman left its price target unchanged at $16, following a visit to the company's two projects in British Columbia. In a research report published today, Dahlman states, "We recently traveled to...
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Freeport-McMoran On The Move In Down Market
Friday, May 20, 2011 - 12:33pm | 113Traders are buying metals today, despite the fact that the stock market is down and the Dollar is up. Money is flowing into gold, silver, and copper. This is lifting shares of Freeport-McMoran (NYSE: FCX), which has bounced almost 2% to $48.90. Freeport looks like a bargain here, but the stock...
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Is Copper Signaling A Turn In Stocks?
Friday, May 20, 2011 - 11:23am | 294Copper is seen as a leading indicator, and as such, most people pay attention to its direction. Dr. Copper, as it is known, had been getting beaten up relentlessly from April to just about a week or so ago. Lately though, it's been basing a little around the $4 per pound mark, and has started to...
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Commodity Leaders Feel The Pressure
Friday, May 20, 2011 - 10:55am | 185As you all know by now, every trade is essentially a dollar trade. The leading commodity stocks will usually feel the pressure the most when the U.S. Dollar Index rallies. Therefore, traders should always watch for weakness in stocks such as Freeport McMoRan Copper & Gold Inc.(NYSE: FCX),...
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Skeptics 05-19-2011
Thursday, May 19, 2011 - 6:55pm | 878Cusick's Corner The dynamics did not change much during the afternoon session. If anything there was a sense that the bulls lost interest in challenging the upside, skeptics, in front of tomorrow's AM settlement of European index options and PM settlement of equity options. I am not convinced that...
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Calls Purchased on Northern Dynasty Minerals (NAK)
Thursday, May 19, 2011 - 12:38pm | 128Shares of Northern Dynasty Minerals (NYSE: NAK) are higher on the session by 0.27%, currently trading at $11.16. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name...
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Jeremy Grantham's Buy Ideas May Again Double the S&P 500?s Return
Thursday, May 19, 2011 - 2:54am | 133By Neal Goodwin, Guest Editor Today, we took another look at a few of Jeremy Grantham's latest buy ideas. For those wondering why one should follow the advice of Jeremy Grantham, look no further than the continuous success of his Boston-based asset management firm Grantham May Van Otterloo (GMO)....
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China Shen Zhou Mining & Resources Up 6% In Pre-Market
Wednesday, May 18, 2011 - 9:26am | 150China Shen Zhou Mining & Resources Inc. (NYSE: SHZ) shares are gapping up in pre-market trading, gaining 25 cents to $4.44, a gain of almost 6%. This comes on the back of news that the Chinese Ministry of Land and Natural Resources is reducing its 2011 Fluorite Ore production quota to 10...
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China Ministry of Land and Natural Resources Reduces 2011 Fluorite Ore Production Quota to 10 Million Tons
Wednesday, May 18, 2011 - 9:01am | 49China Shen Zhou Mining & Resources (NYSE: SHZ) today announced that the China Ministry of Land and Natural Resources has reduced the final fluorite ore production quota to 10.0 million metric tons for 2011, with an additional 0.5 million metric tons production quota in reserve.
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Calls Purchased on Ivanhoe Mines Ltd. (IVN)
Tuesday, May 17, 2011 - 10:42am | 118Shares of Ivanhoe Mines Ltd. (NYSE: IVN) are lower on the session by 0.08%, currently trading at $23.75. The stock has been moving largely lower over the past six weeks and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago...
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Trading Strategies: Industrials Will Work Again; Take Your Positions Now
Monday, May 16, 2011 - 12:49pm | 675By Steve Smith The industrial names -- and for me that covers a wide range of sectors from energy, to miners to equipment manufactures -- have recently fallen out of favor. After being the market leaders for much of the first quarter, names such as copper producer Freeport-McMoran (FCX),...