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Gold On All Time Highs, Copper On Two Year High, FCX Looks Attractive
Friday, October 1, 2010 - 11:16am | 49Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) appears to be the choice for Copper and Gold miner plays. With record breaking highs and options traders heavily favoring Gold future Calls, FCX appears to be a very lucrative play. FCX closed yesterday at $85.39
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Market Leader Freeport-McMoRan Showing Weakness (DJIA, FCX, BUCY)
Thursday, September 30, 2010 - 10:27am | 211The Dow Jones Industrial Average (DJIA) is still holding onto respectable gains, up 49 points, or 0.46%, to 10,884. But Freeport-McMoRan (NYSE: FCX) is struggling. Freeport has been one of the market "generals" during the September rally; the best September since 1939. It has led the market as the...
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Sinochem Finds The Going Tough For Potash
Thursday, September 30, 2010 - 1:01am | 197Sinochem International, China's largest chemicals trader, is finding it difficult to attract partners to help it pursue a counter bid to BHP Billiton's (NYSE: BHP) $38.6 billion hostile takeover offer for Potash Corp. (NYSE: POT). Sinochem, which received preferred status from the Chinese...
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Could These Rare Earth Plays Be Takeover Targets? (MCP, REE)
Wednesday, September 29, 2010 - 3:04pm | 395Shares of rare earth metals companies have been in the news lately, as China was accused of hoarding them, as it continues its ever growing insatiable demand for commodities. Today, a bill from the House of Representatives allows more companies to look for these rare earth metals, and shares of the...
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Freeport-McMoRan Copper & Gold Inc. Declares Quarterly Cash Dividend of $.30
Wednesday, September 29, 2010 - 11:15am | 36Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) today declared a cash dividend of $0.30 per share payable on November 1, 2010 to holders of record as of October 15, 2010 for its common stock.
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SLT Down After Vedanta Setback In India
Wednesday, September 29, 2010 - 11:05am | 123Vedanta Resources Plc (OTC: VDNRF) received another setback in India in the past few weeks. Vedanta reported that the Madras High Court had ordered its subsidiary Sterlite Industries to close a copper-smelting plant. Sterlite Industries India Limited (NYSE: SLT) shares dipped around 3.5% on the New...
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The Daily Long and Short Setup
Wednesday, September 29, 2010 - 8:43am | 94Futures remain all over the board this morning, teetering between positive and negative. Getting a feel for what this market once to do is hard to come by, especially with GDP and Jobless Claims coming out tomorrow morning. LONG: Fronteer Gold (FRG) Read more...
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Compass Minerals Announces Price Increase (CMP)
Wednesday, September 29, 2010 - 7:23am | 62Great Salt Lake Minerals Corp., a subsidiary of Compass Minerals (NYSE: CMP), has announced a $20 per-short-ton increase in the selling price of all sulfate of potash (SOP) specialty fertilizer products effective with shipments on November 1, 2010 or as contracts allow. This increase will apply to...
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The Bubble Keeps On Growing (CMG, FCX, OPEN, SLV, ACAT)
Tuesday, September 28, 2010 - 4:08pm | 179Will stocks ever go down again? It seems as though the Fed is content to create another asset bubble by devaluing the dollar so much that the only place left for an investor to put his money is into equities or commodities. The market rallied yet again today on horrible consumer and housing data....
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Market Leaders Showing Weakness (DJIA, COMPQ, AAPL, HPQ, AMZN, NFLX, BIDU, FCX)
Tuesday, September 28, 2010 - 11:59am | 218The equity markets are holding onto slim gains this morning after opening weaker. The Dow (DJIA) is up 31 points while the Nasdaq (COMPQ) is higher by 0.6 points. However, it's interesting that many of the market's new leaders are struggling today. Apple (NASDAQ: AAPL) is off $3.01 to $288.15. The...
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Bookkeeping: Closing Cleveland Cliffs (CLF)
Tuesday, September 28, 2010 - 10:15am | 568I thought the 'student body' would buy all commodities en masse, and most are running together. However natural gas, oil, and iron ore (and coal to some degree) have been the laggards. Meanwhile, copper & soft commodities (agricultural especially) have been rockstars. Therefore, my position...
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ETFs Are The Worst Idea Ever, No Wait They Are Mankind's Savior
Monday, September 27, 2010 - 8:25am | 1346That title sort of sums up some of the current reading about how ETFs are bad versus the only things we should be using and of course both extremes are wrong. I have to say I am astounded that such bi-polarism still exists 17 years after the first US ETF started trading. From worst idea ever camp...
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Sinochem Poses Most Likely Threat To BHP's Potash Bid
Monday, September 27, 2010 - 12:09am | 170China's Sinochem International, that country's largest chemicals trader, appears to be the most likely threat to BHP Billiton's (NYSE: BHP) $38.6 billion hostile takeover bid for Potash Corp. of Saskatchewan (NYSE: POT), according to Bloomberg News, which cited three people close with the talks....
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Commodities Flying Higher Today (BHP, SLB, AA, FCX)
Friday, September 24, 2010 - 3:13pm | 177Commodity stocks are higher today, led by a rebound in August durable goods and surging commodity prices. Shares of BHP Billiton (NYSE: BHP) are up over 2% today to trade at $75.71, a gain of $1.65. BHP Billiton is a diversified natural resources company in Australia, the Americas, and southern...
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BHP to Invest Over a Billion - Analyst Blog
Friday, September 24, 2010 - 2:54pm | 488Australian mining giant, BHP Billiton Ltd. (BHP) recently approved the development of the Macedon gas field in Western Australia in a joint venture with Apache Corporation (APA). BHP Billiton has decided to invest $1.05 billion with a 71.43% share and the balance 28.57% will be contributed by...