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Miners Keep On Chugging
Wednesday, October 6, 2010 - 10:11am | 180The Market Vectors Gold Miners ETF(NYSE: GDX) made another new high for the year yesterday. This move higher comes as the U.S. Dollar Index declined to a new multi-month low. The GDX remains in a strong technical uptrend trading above the daily chart 20, 50, and 200 moving averages. The next...
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Japanese Prints 10-05-2010
Tuesday, October 5, 2010 - 3:33pm | 802Cusick's Corner The Bank of Japan turned on the printing press, which in turn adds more fuel to the Gold markets (GCZ10). The move by the Japanese and the reaction of the Yen (JYZ10) which is still going up has lead market players to continue to doubt the power of paper and relative safety of the...
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Put Players Flock to Newmont Mining
Tuesday, October 5, 2010 - 12:21pm | 167Put volume skyrocketed Tuesday on Newmont Mining (NYSE: NEM), with roughly 22,000 contracts crossing the tape within the first 90 minutes of the session. By contrast, NEM was only expected to see about 1,800 puts change hands -- so this surge represents about 12 times the norm. The equity's...
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AMI Resources Inc. (TSX.V:AMU) - New gold targets identified
Tuesday, October 5, 2010 - 11:36am | 549Vancouver, B.C. - October 5, 2010 (Investorideas.com Mining Stocks Newswire) - The Company (AMI Resources Inc. - TSX-V Symbol AMU) has received from Newmont Ghana Gold Limited, a subsidiary of Newmont Mining Corporation (NYSE: NEM) an update on exploration activities with respect to Newmont's...
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Jefferies Raises Price Target On Gold to $1400
Tuesday, October 5, 2010 - 8:07am | 118Jefferies raised its 2010-11 gold price target to $1,400 from $1,300 per ounce and our silver price target to $25 from $20 per ounce. It has adjusted company estimates to reflect better net pricing continues to add positions. Potential further expansion of the Fed's balance sheet through...
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Late Market Roundup (SLE, ABX, GG, BPO, ALL, WOSCY, PRRFY)
Monday, October 4, 2010 - 1:17pm | 291Shares of Sara Lee Corp (NYSE: SLE) advanced after a report that the company has rejected a buyout offer of $12 billion from Kohlberg Kravis Roberts & Co. SLE shares are up about 8% following the report. Shares of Canada are down, with Toronto's main stock index dropping after decline in the US...
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How to Get 6.5% Investing in Gold
Saturday, October 2, 2010 - 12:59am | 709Gold closed at an all time high today at $1318 an ounce, primarily due to concerns about a weaker dollar. Many gold bug fear (or hope) that gold may become the next big bubble, similar to the dot com boom. If that happens, not only will the gold commodity take off but so will the gold and silver...
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Late Market Roundup (IFNNY, ABX, GG, AMD, BRCM, SNDK)
Thursday, September 30, 2010 - 12:12pm | 281Natural-gas futures increased their losses, following the government report depicting a larger-than-expected increase in inventories. Natural gas for November delivery fell about 3.7%. The Energy Information Administration (EIA) reported that natural-gas supplies moved up 74 billion cubic feet for...
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Benzinga's Top Pre-Market NASDAQ Losers (GMCR, ARMH, GOLD, WYNN)
Wednesday, September 29, 2010 - 8:52am | 129Green Mountain Coffee Roasters Inc (NASDAQ: GMCR) dipped 13.70% to $31.94 in the pre-market session. GMCR announced the investigation of its revenue recognition practices by the SEC. ARM Holdings Plc (NASDAQ: ARMH) lost 1.39% to $19.11 in the pre-market session. ARM Holdings' earnings are likely to...
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TRUCK TONNAGE “PLUNGES” IN AUGUST
Tuesday, September 28, 2010 - 4:05pm | 302More signs of macro weakness in the trucking industry (via the ATA): The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index fell 2.7 percent in August, which was the largest month-to-month decrease since March 2009. The latest drop lowered the SA index...
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Traders Collaring Up Gains in Kinross (KGC)
Tuesday, September 28, 2010 - 1:15pm | 190Shares of Kinross Gold Corporation (NYSE: KGC) are higher on the session by 1.39%, currently trading at $18.97. The stock has been moving largely higher over the past six weeks as gold futures soar to new highs. One options trader is taking money off the table via a collar today, though. A short...
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Downgrades For ANAD, NEM
Tuesday, September 28, 2010 - 9:09am | 49Stifel Nicolaus has downgraded the following companies: Anadigics, Inc. (NASDAQ: ANAD) from Buy to Hold Anadigics closed yesterday at $6.18. Newmont Mining Corporation (NYSE: NEM) from Buy to Hold Newmont Mining closed yesterday at $62.65.
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Gold Reserve Inc. Submits $1.928 Billion Arbitration Claim
Tuesday, September 28, 2010 - 9:03am | 146Gold Reserve Inc. (GRZ) announced today it has filed its arbitration claim against the Bolivarian Republic of Venezuela with the World Bank's International Centre for Settlement of Investment Disputes (“ICSID”), in accordance with the provisions of the Canada-Venezuela Bilateral Investment Treaty...
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Gold Mining Stocks Inch Higher - Voice of the People
Tuesday, September 28, 2010 - 12:03am | 520Zacks' Voice of the People Highlights user inthemoneystocks: "Gold Mining Stocks Inch Higher" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Gold Mining Stocks Inch Higher This morning the gold mining sector is starting the...
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Bond & Equity Markets Realigning 09-27-2010
Monday, September 27, 2010 - 6:31pm | 852Cusick's Corner The market sold off into the close, realigning the Bond and Equity markets today. In previous months this situation held true, “as Bond yields go, so does the market” only to be decoupled this month up until today. The 10 year pulled back hard today, and into the last half hour of...