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Do Bonuses for Chilean Copper Workers Mean a Commodities Boom is Coming?
Thursday, October 17, 2013 - 4:26pm | 420Read More...While the rescue of underground copper miners at the San Jose facility in Chile captured the world's attention in 2010, but the industry is now working to keep those miners happy. BHP Billiton (NYSE: BHP), according to an article in Bloomberg Businessweek, is now using high salaries and generous...
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Market Wrap For September 30: Debt Ceiling And Government Shutdown Loom
Monday, September 30, 2013 - 4:18pm | 756Read More...Markets finally seem to be aware that a debt ceiling is coming. There probably won’t be as much of a sell off as was witnessed saw in 2011, when markets dropped more than 15 percent, because the chaos is now predicted. Helping to simplify things was a lack of economic data on the day. The...
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Benzinga Market Wrap For August 21: FOMC Minutes Send Markets Spinning
Wednesday, August 21, 2013 - 4:24pm | 718Read More...Markets were incredibly volatile Wednesday, eventually closing significantly lower. Equities shot down after the Fed’s minutes were released, and quickly recovered before tanking to end the day. Major Averages The Dow Jones Industrial Average closed down 105.44 points, or 0.7 percent to 14,...
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Goldman Sachs Lowers Copper View
Tuesday, June 25, 2013 - 5:26am | 33Read More...Goldman Sachs lowered its copper outlook. The bank slashed its three-month view to $7,000 a ton versus $7,500 a ton, its six-month outlook to $6,600 versus $8,000 a ton, and its twelve-month estimates to $6,600 versus $7,000 a ton.
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Early Weakness in Copper
Tuesday, October 11, 2011 - 9:40am | 165Read More...Overnight has shown some early weakness in copper, which had led the general market up in a fast spurt over the past four trading sessions. This weakness can be seen in the chart below as copper nears 3.2300 and a support line at 3.2125. It has also broken a trend line, that admittedly was almost...
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Copper the Indicator
Thursday, September 29, 2011 - 9:51am | 136Read More...Copper's been a leading market indicator for so long that's it's nickname is Dr. Copper. It's most recent diagnosis has been a bearish movement in the S&P 500. If this morning's German vote to again economically support the EU, followed by the lower jobless claims number pre-market is any...
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'Bear Market' in Copper Suddenly Getting a Lot of Attention
Thursday, September 29, 2011 - 9:50am | 1287Read More...I mentioned about two weeks ago, 'Doctor Copper' was looking quite sickly. Things have deteroirated since. In the past, copper was an excellent indicator of industrial usage, and hence economic activity but over the past 4-5 years, China has really come to dominate this market, so I believe the...
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China Doing to Copper What it Usually Does to Dissidents
Friday, June 10, 2011 - 10:25am | 440Read More...China is absolutely murdering copper prices again today, as it ramps down purchases of the useful metal. Copper is down almost two percent this week, with half of the losses coming today. Copper has gone down for three months now, with China's disinterest in the metal leading the charge. China was...
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Chinese Company Makes $6.5 Billion Unsolicited Bid for Equinox Minerals
Sunday, April 3, 2011 - 11:59pm | 181Read More...Minmetals Resources, a unit of a Chinese state-owned mining company, said on Sunday that it had made an unsolicited $6.5 billion bid for Equinox Minerals, a Canadian copper mining company. The move is widely seen as an effort by the Chinese to purchase raw materials mines to fuel the strong...
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MF Global: Most Metals Higher, Copper Bounces Back
Friday, March 11, 2011 - 1:57pm | 215Read More...MF Global is out with a research report this morning detailing on market metals. In the report, MF Global states that copper has bounced from a two-week low, although remaining weaknesses can be seen in nickel, tin, and lead. Updating its readers on the morning markets, MF Global writes, "Right...
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Commodities And Monopolies
Wednesday, December 22, 2010 - 10:44am | 282Read More...Corporations are prohibited by law from holding a monopoly on a particular industry. But the same cannot be said for investors, who are able to hold huge amounts of the world's commodities. The Wall Street Journal has published a story focusing on the copper market, in which a single trader...
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Why would JPMorgan Chase (NYSE:JPM) short silver?
Monday, December 20, 2010 - 11:33am | 265Read More...Why do big multi-national banks do much of anything? To make money, of course. Two investor lawsuits against JPMorgan Chase & Co. (NYSE: JPM) and HSBC Holdings plc (ADR) (NYSE: HBC) in October alleged that the banks colluded to short silver, drive down prices and reap hundreds of millions of...
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Prognosticators see 'huge' stock market decline on horizon
Friday, December 17, 2010 - 10:19am | 437Read More...Sometimes, the hardest part of investing is sticking to macrotrends when the rest of the world is focused on the microtrends. It's one of the few ways you can actually make money by investing in the stock market. Warren Buffet, of course, is the undisputed Master of the Universe when it comes to...
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Cerro Verde of Peru Studying Copper Mining Expansion
Friday, September 10, 2010 - 1:54pm | 129Read More...Cerro Verde, located in Peru, said on Friday that it is studying expanding its copper mining operations in the southern part of the country. The company hopes to have a feasibility study completed in the first half of 2011. They believe that they have the opportunity to double the capacity of...
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Rescuers Can't Retrieve Miners From Chilean Copper & Gold Mine
Friday, August 6, 2010 - 10:43am | 94Read More...Rescuers have been unable to retrieve miners in a Chilean mine that caved in yesterday Mining Weekly writes. 34 miners were trapped after the mine, 28 miles north of Copiapo collapsed. Rescuers hope that the miners were able to take refuge in an underground shelter with oxygen and water. Chile,...
