The precious metals slumped today, as the rise in the greenback made the dollar dominated commodities more expensive for holders of international currency, while the recent climb in equities continued to put the precious metals under pressure as their appeal as an alternate investment was dampened by the equities’ rise. In addition, tame inflation data [...]
Commodities Plunge to Nine Month Low
April 15, 2013 By
Commodities slid to a nine-month low today with gold posting its worst daily performance since 1980 after China’s economic growth unexpectedly slowed. Losses extended after explosions hit the Boston Marathon, but most of the losses were experienced before the shocking development. The Standard & Poor’s GSCI gauge of 24 raw materials dropped 2.3 percent, its [...]
Commodities at Closing Bell: Gold and Silver Slide, Copper and Oil Post Gains
March 22, 2013 By
Commodities were impacted this week by fiscal uncertainty in Cyprus, with the economically sensitive commodities, such as oil and copper feeling some downside pressure, while safe haven gold found cause to rally in the debt drama. On Friday, Cyprus seemed to be very close to securing a bailout deal; therefore, equities and economically sensitive commodities edged higher. [...]
U.S. Markets Remain Closed Due to “Sandy” Gold and Oil Inch Higher in Electronic Trading
October 30, 2012 By
Gold and oil futures headed higher in electronic trading Tuesday, buoyed by weakness in the U.S. greenback. In the wake of the storm, analysts claim that the greenback may slip which will be positive for commodities in the near term. December gold rose 0.3%, to $1,713.40 an ounce in electronic trading on Globex. December crude oil [...]
The Week Ahead: Resource Companies Reporting Earnings and Economic Data That May Impact Commodity Prices: Oct 22-26 2012
October 22, 2012 By
MONDAY, Oct. 22 Resource Companies Reporting Earnings: Freeport McMoran Copper & Gold (NYSE:FCX) Economic Data that may impact commodity prices: none TUESDAY, Oct. 23 Resource Companies Reporting Earnings: AK Steel Holding Inc. (NYSE:AKS) Newfield Exploration (NYSE:NFX) Economic Data that may impact commodity prices: none WEDNESDAY, Oct. 24 Resource Companies Reporting Earnings: Cliffs Natural [...]
How “QE3″ Will Impact Commodities Prices
September 19, 2012 By
By Jonathan Ainsley Last week’s announcement by the Federal Reserve that it would undertake a third-round of quantitative easing, this time in the form of a monthly purchase of $40 billion in mortgage backed securities, until the US jobs market shows a “significant improvement” sent commodities prices rallying. This week prices have corrected, leaving investors [...]
The Week Ahead: Resource Companies Reporting Earnings and Economic Data That May Impact Commodity Prices: Sept 17-21 2012
September 16, 2012 By
MONDAY, Sept. 17 Resource Companies Reporting Earnings: LDK Solar (NYSE:LDK) Economic Data that may impact commodity prices: 8:30 a.m. Empire Manufacturing. TUESDAY, Sept. 18 Resource Companies Reporting Earnings: none Economic Data that may impact commodity prices: 8:30 a.m. Current Account Balance 10 a.m. NAHB Housing Market Index. WEDNESDAY, Sept. 19 Resource Companies Reporting Earnings: [...]
The Week Ahead: Resource Companies Reporting Earnings and Economic Data That May Impact Commodity Prices: Aug 13-17 2012
August 13, 2012 By
MONDAY, Aug. 13 Resource Companies Reporting Earnings Aegean Marine Petroleum Network Inc. (NYSE:ANW) InterOil Corporation (NYSE:IOC) Economic Data that may impact commodity prices: none TUESDAY, Aug. 14 Resource Companies Reporting Earnings: Comstock Mining, Inc. (NYSEAMEX:LODE) Pacific Ethanol Inc (NASDAQ:PEIX) Economic Data that may impact commodity prices: 8:30 a.m. Retail Sales; PPI 10 a.m. Business [...]
The Week Ahead: Resource Companies Reporting Earnings and Economic Data That May Impact Commodity Prices: Aug 6-10 2012
August 7, 2012 By
Monday Aug 6 2012 Resource Companies Reporting Earnings: Black Hills Corp. (NYSE: BKH) CF Industries Holdings, Inc. (NYSE:CF) Chesapeake Energy Corporation (NYSE: CHK) Clean Energy Fuels Corp (NYSE:CLNE) Economic Data that may impact commodity prices: None Tuesday Aug 7 2012 Resource Companies Reporting Earnings: AmeriGas Partners, L.P. (NYSE:APU) Atlas Energy LP (NYSE:ATLS) Carrizo Oil & [...]
The Week Ahead: Resource Companies Reporting Earnings and Economic Data That May Impact Commodity Prices: July 16-20 2012
July 15, 2012 By
MONDAY, July 16 Resource Companies Reporting Earnings: None Economic Data that may impact commodity prices: 8:30 a.m. Retail Sales; Empire Manufacturing 10 a.m. Business Inventories. TUESDAY, July 17 Resource Companies Reporting Earnings McMoran Exploration (NYSE:MMR) Analyst estimates: loss per share of $0.12, Revenue $96.55 mln The Mosaic Company (NYSE:MOS) Analyst Estimates: EPS N/A, Revenue [...]