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Memories 08-03-2011
Wednesday, August 3, 2011 - 6:27pm | 1013Cusick's Corner Will history repeat itself? The pullback yesterday and over the last 8 sessions brought back memories of 2000 and 2007, where we had large breakdowns, relief rally and then a continuation to the downside. So why am I not screaming the sky is falling? The current pullback is after a...
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Options Brief: BHP Billiton
Wednesday, August 3, 2011 - 3:33pm | 88Shares of BHP Billiton (NYSE: BHP) are lower on the session by 1.12%, trading at $86.57. Overall put volume is now running at 2.94x the daily average, with 81% of all puts traded being purchases on the offer. 11,621 contracts have traded on the session so far. BHP Billiton Limited is a...
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Ivanhoe Mines: Altynalmas Gold's New Upgraded and Confirmed Deposit Boosts Total Gold Resources at Kyzyl Project in Kazakhstan
Wednesday, August 3, 2011 - 9:35am | 185Robert Friedland, founder and Chief Executive Officer of Ivanhoe Mines (NYSE: IVN) (NASDAQ: IVN) and Chairman of Altynalmas Gold, and David Woodall, President and Chief Executive Officer of Altynalmas Gold, announced today a NI 43-101-compliant Mineral Resource estimate for the new Bakyrchik East...
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Macarthur Continues Search For Bids; Peabody Offer Not Considered Hostile
Tuesday, August 2, 2011 - 2:16am | 339Australia's Macarthur Coal, the world's largest maker of pulverized coal, is continuing its search for alternative takeover offers to the $5.2 billion offered by a joint venture formed by Peabody Energy (NYSE: BTU) and Arcelor Mittal (NYSE: MT), adding that it does not consider the offer from the...
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Bernanke: I Can't Quit You, QE
Monday, August 1, 2011 - 4:00pm | 808It might be time to just put all of your money into a pile in the front yard and burn it. There is nothing in the economic data this month to suggest that the economy is turning around. Unemployment sucks. Manufacturing sucks. Housing sucks. The Republicans just — quite successfully — held the...
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BMO Reiterates Market Perform on Compass Minerals, Slashes PT to $89
Monday, August 1, 2011 - 9:27am | 43BMO reiterated its Market Perform rating on Compass Minerals (NYSE: CMP). At the same time, the rating agency reduced its price target on the company's stock from $90 to $89. On Friday, CMP closed the day at $78.74.
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J.P. Morgan Comments On "Weather Dependent" Compass Minerals International
Monday, August 1, 2011 - 8:13am | 93According to J.P Morgan, Compass Minerals International (NYSE: CMP) highway de-icing salt business historically has been heavily weather dependent, experiencing wide swings in the company's profitability depending on the severity of the winter season. J.P Morgan said that CMP is not an inexpensive...
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JP Morgan Lowers PT On Compass Minerals To $83
Monday, August 1, 2011 - 6:30am | 27JP Morgan has lowered the price target on Compass Minerals (NYSE: CMP) from $92 to $83 and maintains its Neutral rating.
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U.S. Dollar Index Plummets After GDP
Friday, July 29, 2011 - 10:07am | 205The U.S. Dollar Index futures (DX U1) plummeted lower after the second quarter gross domestic product(GDP) number was released. Normally, when the U.S. Dollar Index declines it will help to inflate the major stocks and commodity markets, however, today could be a different scenario. Stocks such as...
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Top 4 Large-Cap Stocks In The Industrial Metals & Minerals Industry With The Lowest PEG Ratio
Friday, July 29, 2011 - 3:55am | 121Below are the top large-cap industrial metals & minerals stocks on the NYSE and the NASDAQ in terms of PEG ratio Cliffs Natural Resources Inc (NYSE: CLF) has a PEG ratio of 0.34. CLF's trailing-twelve-month ROE is 38.47%. Peabody Energy Corporation (NYSE: BTU) has a PEG ratio of 0.58. BTU's...
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BMO Reiterates Outperform and PT of C$60 on Teck Resources
Friday, July 29, 2011 - 2:56am | 61BMO reiterated its Outperform rating on Teck Resources (NYSE: TCK). At the same time, the rating agency left its price target on the company's stock unchanged at C$60. On Thursday, TCK added 0.42% to its value to finish the day at $50.15. Its shares continued to climb in today's pre-market trading...
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Is all this Debt Ceiling Bluster Bullish or Bearish for the Market?
Thursday, July 28, 2011 - 5:46pm | 772While Republicans and Democrats take turns blowing smoke out their rears, Wall Street and the rest of civilized world has been trying to figure out what, if anything, Washington plans to do to stave off world-wide financial ruin. So far, the tea party leaves show one thing: no one has any idea, and...
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Rubicon Minerals Announces Closing of C$70M Strategic Investment by Agnico-Eagle Mines Limited
Thursday, July 28, 2011 - 2:39pm | 52Rubicon Minerals Corporation (NYSE: RBY) announces that the strategic investment of C$70,000,000 in Rubicon by Agnico-Eagle Mines Limited by way of a non-brokered private placement of common shares has closed. The securities issued to Agnico-Eagle are subject to a four-month hold period, expiring...
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Options Brief: Rubicon Minerals
Thursday, July 28, 2011 - 12:58pm | 78Shares of Rubicon Minerals (NYSE: RBY) are higher on the session by 27.10%, trading at $4.08. Overall call volume is now running at 3.59x the daily average, with 50% of all calls traded being purchases on the offer. 3,109 contracts have traded on the session so far. Rubicon Minerals Corporation...
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Rubicon Minerals Gains Over 15% Pre-Market on News of Strategic Investment
Thursday, July 28, 2011 - 9:17am | 184Rubicon Minerals Corporation (NYSE: RBY) is pleased to announce that Agnico-Eagle Mines today entered into a subscription agreement under which Agnico-Eagle will make a strategic investment of C$70,000,000 in Rubicon Minerals by way of a non-brokered private placement of common shares. Under the...