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Copper Down Sharply This Morning (JJC)
Friday, August 20, 2010 - 9:08am | 164Copper is down sharply this morning, losing more than 5 cents to trade at $3.27/pound. The way to play the weakness shown this morning in the base metal is by shorting the iPath DJ-UBS Copper TR Sub-Idx ETF (NYSE: JJC) or shorting Freeport-McMoRan Copper & Gold, (NYSE: FCX). Freeport-McMoRan...
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Before The Bell – A Glimpse Of The Market Today
Friday, August 20, 2010 - 8:36am | 402Stock futures face another dismal day on Friday following Thursday’s selloff over economic concerns, weaker-than-expected jobless claims data and a negative Philadelphia Fed Index. The DOW futures fell 42 points to 10,193, the S&P 500 futures shed 4.6 points to 1,067, and the NASDAQ futures...
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Rio Tinto Says Its Open To More China Ventures
Friday, August 20, 2010 - 5:24am | 165Mining giant Rio Tinto (NYSE: RTP) said it would like to see more joint ventures with Chinese companies as the British company seeks to continue improving relations with its biggest customer. Rio CEO Tom Albanese said in a speech in Shanghai that his company has the know-how to help China exploit...
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Stock Market News for August 19, 2010 - Market News
Thursday, August 19, 2010 - 1:34pm | 1252Stocks managed to close higher for a second consecutive session, but the gains were modest as weakness in energy shares offset strength in retailers’ stocks. Target led the strength in stocks of consumer-discretionary companies after its profit outlook for the current quarter matched Street...
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BHP's Fresh Offer in line - Analyst Blog
Thursday, August 19, 2010 - 11:20am | 526Following the rejection of the buy-out offer made by the Australian mining giant, BHP Billiton Ltd. (BHP) for Canada's Potash Corp. of Saskatchewan Inc. (POT), the world's biggest fertilizer manufacturer for $38.56 in total or $130 per share, we believe that BHP will increase its offer price...
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Sounds Like China Is Lying.. So What Else Is New?? (BHP, RTP, VALE)
Thursday, August 19, 2010 - 10:51am | 535Chinese steelmakers appear to be gaining back bargaining power over their iron ore contracts the China Iron & Steel Association (CISA) said. Only thing is, I'm not sure how this is true. The facts just don't support the thesis. Since early July, iron ore prices have continued to climb on a...
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Base Metals Could Slide on Strong Dollar
Thursday, August 19, 2010 - 9:05am | 305NEW YORK (TheStreet) -- Base metals Thursday were trading marginally higher as inventories pushed down the metal complex. But positive economic data may strengthen the dollar leading base metals to trade lower. On Wednesday, base metals ended with modest losses as they were weighed down by the...
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A NATIONAL TREASURE AND A WORLD NEED
Thursday, August 19, 2010 - 8:03am | 1371Mosquito Consolidated Gold Mines Limited (OTC: MQCMF.PK) (TSX-V: V.MSQ) $0.99 NASDAQ bulletin board Trading Symbol: MQCMF Market-cap $64 million Quote of Note: “Mosquito is also continuing to negotiate with parties interested in partnering with Mosquito on funding the ongoing development of the...
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US Stock Futures Up Ahead Of Major Earnings, US Jobs Data
Thursday, August 19, 2010 - 7:03am | 330US stock futures for the NASDAQ are up 7.25 points to 1,850.8; for S&P 500 is up 5.1 points to 1,094.16; for DOW is up 41.00 points to 10,415.54 on Wednesday 6.27 AM EST. At 8:30 AM EST, the US Department of Labor will release first-time claims for jobless benefits for the week ended August 14...
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8-18-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Wednesday, August 18, 2010 - 6:48pm | 3866Joyce M. Rosenberg, AP Business Writer Stocks close modestly higher on retail reports Stocks end seesaw day with modest advance as investors put positive spin on retail report NEW YORK (AP) — Stocks ended a seesaw day with a modest gain Wednesday after investors found some pluses in retail...
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X Games
Wednesday, August 18, 2010 - 3:56pm | 351One must really get a good laugh when looking at all the shenanigans played during options expiration week. Yesterday the Dow Jones Industrial Average rallied higher by more than 170.00 points only close the session higher by 103.00 points. This tells us that the large institutions took care of...
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X Games
Wednesday, August 18, 2010 - 3:56pm | 351One must really get a good laugh when looking at all the shenanigans played during options expiration week. Yesterday the Dow Jones Industrial Average rallied higher by more than 170.00 points only close the session higher by 103.00 points. This tells us that the large institutions took care of...
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2010 Fund Performance Period 8
Wednesday, August 18, 2010 - 3:35pm | 4979If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. Conditional launch date should be late October to mid November 2010. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked...
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Potash Discards BHP's Offer - Analyst Blog
Wednesday, August 18, 2010 - 3:10pm | 1338Shares of Potash Corporation of Saskatchewan Inc. (POT), the world’s largest fertilizer company by capacity, shot up 28% and closed at $143.17 on August 17, 2010 after rebuffed mining giant BHP Billiton Ltd’s (BHP) hostile acquisition proposal. It was a $38.6 billion (all in cash) offer, which...
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Rodman & Renshaw Could Benefit From Increased M&A (RODM)
Wednesday, August 18, 2010 - 1:54pm | 395Yesterday, BHP Billiton (NYSE: BHP), the world's largest mining company, made an unsolicited bid for fertilizer heavyweight Potash (NYSE: POT), which has been rejected by POT's board. This M&A activity, however, sparked a rally in U.S. equities which is continuing on Wednesday with the Dow up...