Precious Metals & Minerals

Cusick's Corner Selling has been brisk this morning, especially strong after the talks broke over the weekend between the Democrats and Republicans, setting up for some serious battling as we get closer to the August date of missing a payment. The EU continues to be a thorn and early news this...

BMO Capital Markets has an Outperform rating and a $38 price target on shares of Coeur d'Alene Mines Corporation (NYSE: CDE). At last check, shares of Coeur d'Alene were off 82 cents to $24.80, a loss of 3.2%.

BMO Capital Markets has an Outperform rating and a $57.50 price target on shares of Silver Wheaton Corp. (NYSE: SLW). At last check, shares of SLW were off $1.13 to $35.12, a loss of 3.12%‎.

Shares of Peregrine Metals Ltd (OTC: PTTDF) jumped about 235% after Stillwater Mining Co (NYSE: SWC) announced its plans to buy all shares outstanding of Peregrine Metals for about $487.1 million. The deal values Peregrine shares at $3.28 per share. Shares of Peregrine closed at $0.81 on Friday....

Endeavour Silver Corp. (NYSE: EXK) announced today continued growth of silver and gold production in the Second Quarter, 2011 from the Company's two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State. Silver production was up 3% to...

Stillwater Mining Company (NYSE: SWC) and Peregrine Metals today announced that they have entered into a definitive agreement pursuant to which Stillwater, by way of a Canadian plan of arrangement, will acquire all of the outstanding shares of Peregrine. Under the terms of the Agreement, Stillwater...

Stillwater Mining Company (NYSE: SWC) reported today that union employees at the Company's Stillwater Mine and Columbus processing facilities, represented by the USW International Union Local 11-0001, have ratified a new four-year labor agreement. The Company experienced no work stoppage related...

The elections in Peru of avowed radical socialist Humala is a development of great significance for precious metals and mining investors. It's not an event that has gone unnoticed by experienced speculators. Mining investors worldwide are eyeing July 28th, when the new regime takes control. So far...

Crude powers through the 40 day MA closing at three week highs just under $99/barrel in August. We maintain a $103 target and continuing at the current up pace prices should reach that level by this time next week. The 2% surge in Crude was dwarfed by the strength in the distillates with RBOB...

Gold is up over 0.75% on the session, trading near $1529; while silver is up over 1.20%, currently trading near $36. Mining stocks may have benefited from the move: Silver Wheaton (NYSE: SLW) is up over 4.40%, trading near $36. Eldorado Gold (NYSE: EGO) is up over 3%, trading near $16. Silver...

Eric Sprott, CEO of Sprott Asset Management and a major player in the precious metals markets, has made some huge bets on specific gold and silver miners, most of which have already paid off in a big way. In fact, assets under management at Sprott, Inc. were $9.7 billion at the end of Q1 2011...

Shares of Endeavour Silver Corp. (NYSE: EXK) are higher on the session by 4.80%, trading at $9.61. Overall put volume is now running at 2.41x the daily average, with 46% of all puts traded being purchases on the offer. 2,519 contracts have traded on the session so far. Endeavour Silver Corp. is...

At 10:05 am, the Dow fell 0.03% to 12,565.63, the broader Standard & Poor's 500 index moved down 0.33% to 1,333.42 and the NASDAQ composite index dropped 0.27% to 2,818.25. The industries that are still afloat in the market today are: Toy & Hobby Stores: This industry jumped 1.98% by 10:...

On CNBC's Fast Money, Brian Kelly said that he would buy iShares Silver Trust (ETF) (NYSE: SLV) on Wednesday. iShares Silver Trust (ETF) (SLV) gained 4.94% today, and it closed at $34.63. Mike Khouw is bullish on Chevron Corporation (NYSE: CVX), and he wants to use options to get long. Chevron...

Winners: Yamana Gold (NYSE: AUY) is up over 4.50%, trading near $12 after gold rallied nearly 1%. Silver Wheaton (NYSE: SLW) is up over 4.30%, trading near $33.80 after silver rallied near 2.50%. Charter Communications (NASDAQ: CHTR) is up over 3.25%, trading near $56.95. Netflix (NASDAQ: NFLX...