Basic Material Sector Archive

Cliff Natural shares soar 7% following beat on earnings

Cliffs Natural Resources (CLF $19.56 +1.63) reported first quarter earnings of $0.60 per share, $0.25 better than the Capital IQ consensus of $0.35, while revenues fell 5.9% year/year to $1.14 billion versus the $1.19 billion consensus.  First-quarter 2013 U.S. Iron Ore pellet sales volume was 3.1 million tons, compared with 3.4 million

Sector Overlook: Diversified Metals & Mining

S&P’s outlook for diversified metals and mining industry : Our fundamental outlook for the diversified metals & mining sub-industry (in which copper companies dominate) for 2009 is negative, as we believe sales and earnings will decline in 2009 from 2008 levels. Our expectation reflects our view that the price of aluminum, copper,

Interesting Updates From The Market

Morgan Stanley, Goldman Search for Deposits Goldman Sachs, Morgan Stanley: Playing It Safer Blame Fannie Mae and Congress For the Credit Mess Fannie Mae to sell $2 billion bills Wednesday WaMu Deal Could Take Time Holiday sales set for worst gain in 6 years Gold Futures Extend Gains on Demand for Haven;

Why Charts Are Your Best Friend

Yesterday I loaded up KGC and RIO. Special thanks to dumb-ass Cramer for his predictions. KGC up 5.8% for the day. Surprizingly gold is down to 759$ level. RIO up 5.3% for the day. Lets see if it was a dead-cat bounce or time for some reversal. Both were over-sold and due

Cramer Predicts Commodities To Drop: Bullish Signal

Cramer predicted a worst-case scenario for these names: They could lose all the gains they’ve seen since April 2005. That means Vale [RIO 20.96] drops 68%; U.S. Steel [X 93.69] 50%; fertilizer stocks like Potash [POT 140.26], Mosaic [MOS 77.01] and Agrium [AGU 66.65] could fall 80% to 90%. But this is

Trading Discipline A Key To Success. Proof >> KGC

I sold my KGC shares at the open since I didnt get the jump I was looking for. Also I didnt want to hold anything over this weekend. KGC opened at $14.25 and I sold my 1000@ KGC at $14.29 bagging 400$ profit in 1 day. Turned out to be a pretty

Gold Stocks Getting Cheaper Again

I used the market panic to picks up gold miner Kinross Gold (KGC) again at 13.88$. With KGC entering oversold levels, it might be a good swing trade. Gold is hovering around 800 level and holds a key resistance level. 1 month chart shows KGC has dropped 21%. I might be bit

Gold Enters A Period Of Volatile Consolidation

Bloomberg has latest story about falling gold prices: Gold Tumbles Below $800 Gold slumped for the fourth day as lower crude oil prices and a stronger dollar reduced the appeal of the precious metal as a hedge against inflation and as an alternative asset. Gold is trading currently below 800$ mark …..

Double Bottom With Stronger RSI Is Time To Buy

Buying gold at 800$ is always a reasonable bet considering it should have been 1000 by now if not for all the manipulation that goes along in the financial markets. Gold has shred off a lot of points in last few weeks. I considered buying gold miner KGC when it dropped 35%

A Week Of Madness At Wall Street

JPMorgan Chase & Co. quadrupled its offer for Bear Stearns Cos. to $10 a share today and struck a deal to buy 40% of the company without a shareholder vote, making it unlikely opponents can block the takeover. A week ago on Monday, JPMorgan Chase agreed to buy Bear Sterns at a