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Goldman speaks the market listens 5/24/11
Tuesday, May 24, 2011 - 3:37pm | 481Goldman Sachs remains the 800 lb. gorilla so when they adjust price forecasts the market generally reacts. $96.25/96.50 has acted as solid support in Crude for the last three sessions as prices closed back above the 9 day MA today. We suggest scaling into longs looking for a 3-5% appreciation short...
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Buenaventura Announces Strike at Orcopampa Mine
Tuesday, May 24, 2011 - 3:19pm | 54Compania de Minas Buenaventura S.A.A. (NYSE: BVN), announced today that, within the frame of the annual collective negotiations, the Orcopampa Union has begun a strike at 00.00 hours on May 24, 2011. The Peruvian Ministry of Labor has denied the proceeding of this strike, at first instance.
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Checking In: A Platinum Hit?
Tuesday, May 24, 2011 - 1:13pm | 478We're going to tweak the rules a bit for this week's edition of “Checking In” and take a look at an ETF that is a little bit more than a year old. This week's candidate, the First Trust ISE Global Platinum Index Fund (Nasdaq: PLTM), made its debut in March 2010 and with precious metals seemingly...
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Take Another Look at This Canadian Silver Miner
Tuesday, May 24, 2011 - 8:20am | 1391I've heard many people on Wall Street state that silver IS the market right now. The metal entered the year around $30 an ounce having climbed sharply in 2010. The surge in silver prices continued through the first four months of the year, only to fall...
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Take Another Look at This Canadian Silver Miner
Tuesday, May 24, 2011 - 8:20am | 1391I've heard many people on Wall Street state that silver IS the market right now. The metal entered the year around $30 an ounce having climbed sharply in 2010. The surge in silver prices continued through the first four months of the year, only to fall...
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Silver Wheaton: 'Destined for great things'
Monday, May 23, 2011 - 7:00pm | 129by Jack Barnes, contributing editor Money Morning Silver Wheaton (SLW) has announced another blowout quarter, and despite the recent pullback in the silver market, this company is destined for greater things. The stock has surged nearly 28% since our initial buy in October, 2010 -- but that's just...
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Silver Wheaton: 'Destined for great things'
Monday, May 23, 2011 - 7:00pm | 129by Jack Barnes, contributing editor Money Morning Silver Wheaton (SLW) has announced another blowout quarter, and despite the recent pullback in the silver market, this company is destined for greater things. The stock has surged nearly 28% since our initial buy in October, 2010 -- but that's just...
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Options Brief: Compania de Minas Buenaventura
Friday, May 20, 2011 - 9:21am | 80Shares of Compania de Minas Buenaventura (NYSE: BVN) are lower on the session by 1.60%, trading at $39.98. Overall call volume is now running at 7.25x the daily average, with 0% of all calls traded being purchases on the offer. 3,014 contracts have traded on the session so far. Compania de Minas...
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Contract Negotiations Begin at Stillwater Mine and Processing Facilities
Thursday, May 19, 2011 - 3:15pm | 125Stillwater Mining Company (NYSE: SWC) reported that representatives for Stillwater Mining Company and the USW International Union, Local 11-0001, commenced negotiations in Billings, Montana on May 18, 2011. Bargaining teams from the Union and Stillwater management have established the ground rules...
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Dollars of Future Passed...
Wednesday, May 18, 2011 - 8:36pm | 2621There is so much talk these days regarding the end of the FED’s QE2 or quantitative Easing part 2 that has resulted in both professional and amateur investor confusion. Add to the mix the constant MOPE (Management of Perceived Expectations) from “B52 Ben’s” minions and throw in to the mix the...
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Commodity Come back 5/18/11
Wednesday, May 18, 2011 - 3:56pm | 497It is hard to keep a good man or good market down. For the last five sessions Crude futures have been wondering in a $5 trading range…where now? From here it could go either way so we suggest waiting for a sign on direction. A trade below $95/barrel or $101.60; the 100 day MA in July would likely...
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Silver Bull Signs Term Sheet With Coeur D'alene Mines For $5M, Coeur To Buy 7,352,941 Shares Of Silver Bull At $0.68 Each
Wednesday, May 18, 2011 - 8:07am | 88Silver Bull Resources Inc. (NYSE: SVBL) ("Silver Bull") is pleased to announce that Coeur d'Alene Mines Corporation (NYSE: CDE) ("Coeur d'Alene") has executed a term sheet to make a US$5 million investment in Silver Bull. Coeur d'Alene intends to purchase 7,352,941 shares of Silver Bull common...
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Trading Strategies: Industrials Will Work Again; Take Your Positions Now
Monday, May 16, 2011 - 11:49am | 675By Steve Smith The industrial names -- and for me that covers a wide range of sectors from energy, to miners to equipment manufactures -- have recently fallen out of favor. After being the market leaders for much of the first quarter, names such as copper producer Freeport-McMoran (FCX),...
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Top Performing Industries For May 16 (SNDK, SLW, CTEK, LEXG)
Monday, May 16, 2011 - 9:14am | 192At 10:12 am, the Dow fell 0.11% to 12,582.43, the broader Standard & Poor's 500 index moved up 0.06% to 1,338.58 and the NASDAQ composite index dropped 0.28% to 2,820.59. The industries that are supporting the market today are: Semiconductor- Memory Chips: This industry jumped 1.22% by 10:12...
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Mad Money Lightning Round: Cramer Likes Baidu (BIDU, SINA, CTL, VZ, POT, JPM, SSRI, GG)
Sunday, May 15, 2011 - 11:41pm | 229On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Baidu (NASDAQ: BIDU) is the “only Chinese stock that I'm recommending. SINA (NASDAQ: SINA) has turned into a dice roll. Baidu is the only investable name." Cramer said that CenturyTel (NYSE: CTL) is “on the move coming back....