Gold futures down more than $1, marking second day of declines

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Baltimore — (TFN): Gold futures dropped more than $1 an ounce Wednesday, marking a second day of declines. Gold for July delivery fell $1.70 to close at $879.90 per ounce on the New York Mercantile Exchange. In intraday trading, gold traded as low as $876 an ounce. Shares of gold-mining companies closed lower. Gold bugs blame a [...]

Buy Mechel (MTL) for 30% gains on steel and coal

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“Get this: MTL posted a 94% year-on-year rise in coking coal output for the first quarter of 2008. Nickel and iron ore output also experienced year-on-year growth, though not as much as coking coal.” — Sara. Nunnally by Sara Nunnally Baltimore – (TFN): Last Thursday, Mechel OAO (MTL:NYSE) announced record [...]

Commodity Prices: Why you should own PBR, CLF and UNP

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“In my entire investing career, I’ve never seen a weak (or bearish) stock execute a stock split.” — Bryan Bottarelli Blogger’s note: Despite recent cooling, commodity prices are still above the boiling point. And Bryan Bottarelli has discovered a simple, easy way to find good resource stocks that are on the rise. [...]

Precious Metal Investing: Buy Gold Now

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Many analysts are claiming that the current downturn in the U.S. economy will be short-lived. Eric Roseman looks at the rising foreclosures, plunging housing prices, increasing unemployment and record food and fuel costs… and definitely disagrees. He advises that investors turn to precious metal investing in the time-honored tradition – buy [...]

Dollar Bears should not be afraid to buy gold

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by Peter Schiff I have been buying gold and gold stocks for myself and my clients since 1999 and not once did I buy out of fear. In fact, from my perspective, the only fear I’ve observed in the gold market is from those who have been too afraid to buy. Read more

Lumber Prices: Imbalance means profit opportunity

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“As you might expect, the U.S housing slump is reducing demand for finished lumber. Meanwhile, timber, pulpwood, and paper prices are rising worldwide - but curiously, profit margins are eroding. What’s up with that?” — Don Miller by Don Miller Baltimore – (TFN): There’s a classic squeeze going on in the lumber markets [...]

Commodities Trading: Watch the country, not just the commodity

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“You get an idea of the fortunes that were to be made when that mine came into production, not just for everyone involved in the company, but also for the locals and indeed for the country. Unfortunately, that country was Ecuador.” — Dominic Frisby by Dominic Frisby, MoneyWeek Baltimore – [...]

Gold Mining Stocks: Jinshan (JIN:TSX) closes in on buy limit

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Baltimore — (TFN): After weeks and weeks of unsatisfying ups and downs for our Chinese-Canadian gold miner Jinshan Gold Mines Inc. (TSX: JIN), the company is finally moving. April 29 marked a turning point for the stock when it hit our post-recommendation low of C$2.35 a share. Since then, we’ve been moving on up. TFN had [...]

Natural Resources Stocks: A speculative miner

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“Either commodity prices must fall or junior miners must rise and close the gap. I don’t see commodity prices falling significantly from present levels. They stand as protection against currency debasement which happens to be a growth industry these days.” — Russell McDougal Blogger’s note: Russell McDougal has [...]

Food Crisis 2008: Invest in Genetically Modified Food

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by Krista Das Baltimore — (TFN): The food crisis of 2008 is much different from any that we’ve seen in years past. It’s not about famine in one country anymore. It’s about poverty and malnutrition worldwide. Fifteen percent of the world’s population lives on just one dollar a day. With food costs rising on average by [...]

Commodities Trading: Did ethanol cause high food prices?

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“The Bush administration is currently disputing the International Monetary Fund’s claim that increased production of biofuels, namely ethanol, is the biggest factor in rising food prices.” — Jason Simpkins by Jason Simpkins, Money Morning Baltimore — (TFN): U.S. consumer prices rose less than forecast in the month of April, assuaging some inflation fears, but food prices experienced [...]

Gold Prices: Hedging your bets

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“That key marker of investor anxiety, the gold price, fell 15 percent from its top of mid-March to the end of April. The preceding surge had taken gold bullion up from $650 per ounce in August to above $1,030 the day after Bear Stearns was sold to J.P. Morgan.” [...]

Gold Prices: Why the drop?

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“Take, for example, the recent news stories regarding the Gold market. According to the in-crowd, three main coordinates will always point gold prices due NORTH.” — Nico Isaac Blogger’s note: Despite the dollar being down and other resources being up, gold has fallen in the last month. So what’s going on with the yellow [...]

Lost and Found: A natural resource resurfaces

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“It’s a metal that, like other natural resources, has been around a long time. People thought it was some sort of lead compound. It was, however, officially “discovered” by German-Swedish chemist Carl Wilhelm Scheele in 1778.” — Chris Mayer by Chris Mayer Baltimore – (TFN): The highest natural arch [...]

Technical Analysis: Precious metals peaked?

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“Short term gold must hold $850 or run the risk of running to $825.” — Warren Bevan Blogger’s note: Warren Bevan operates the Precious Metal Stock Review website. And he recently offered Penny Sleuth readers advice on their metals investments. In his words, “Either way we look at it the metals will be higher this time [...]

Commodities Trading: Boom or bust?

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“Most people are concerned about the rising costs of commodities. Investors and fund managers are always asking me if this is a commodities bubble and when it will burst.” — Kevin Kerr by Kevin Kerr Baltimore – (TFN): It seems everywhere I go, people want to learn more about [...]

Update: 37% gains on Saskatchewan Potash Corporation (POT:NYSE)

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by J. Christoph Amberger Baltimore — (TFN): Some of our dear friends in the financial publishing business really don’t like our Hot Stock Pick of the Week. One executive told me that giving away a free stock recommendation a week is more than most trading information services offer that retail for thousands of dollars. (Of course, [...]

Technical Analysis: “Gold’s uptrend ended on March 17!”

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Blogger’s Note: There’s a surefire way to tell the approaching end of a bubble: The sellers of bubble commodities… Internet shooting stars and brokers, real estate brokers and developers, and, most recently, gold coin salesmen… splurge on television and newspaper advertising. Of course, there are more scientific methods: Elliott Wave analysis called for a steep [...]

Dollar Reversal: Is the commodities bubble ready to deflate?

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by J. Christoph Amberger Baltimore — (TFN): Declining from an all-time low of almost $1.60 per euro in April, the dollar has risen on better-than-expected economic data. After unexpected (if only nominally) positive GDP growth in the first quarter, unexpected (if only nominally) positive job growth in April, the Commerce Department announced on May 1 that [...]

Commodities Trading: Not-so-free rice

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“On April 1, 2008, I landed in the second-largest rice-exporting nation in the world. This wasn’t always the case, though.” — Sara Nunnally by Sara Nunnally Baltimore – (TFN): Vietnam’s rice industry came out of nowhere. The Economist has a neat article titled, “From Basket Case to Rice Basket” that you [...]