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Monday, April 29, 8:41 AM Credit Suisse remains bearish on the commodity sector, noting years of high prices triggered a capex surge, with new supplies coming on just at the time they're not needed. Mining stocks (XME) may look cheap, says the team, but it's a sector that once it gets oversold tends to remain so. Big-cap oil (XLE)? It tends to outperform only during periods when stocks are falling, credit spreads are rising, or the oil price is spiking - none of which is likely. Comment! [Commodities]
Monday, April 22, 11:29 AM SA author Emerging Money is worried for the mining sector following Caterpillar's (CAT) Q1 earning report, in which the company said it expects sales of its traditional mining machines to fall 50% in 2013. "What might be scary to think about" is that "commodity prices are actually still quite high," Emerging Money says. "This tells me it could get much uglier as well." (Caterpillar earnings call) 1 Comment [Commodities]
Tuesday, June 12, 2012, 5:07 AM Some mining companies (including BHP and RIO) that have relied mostly on surface mining are now going deeper, allowing them to continue using mining, processing and transport infrastructure even after the surface deposits are depleted. New technologies and the high price of commodities are making the unusually-deep mines financially feasible, but going deeper isn't without its risks. 9 Comments [Commodities]
Sunday, December 4, 2011, 4:56 AM Graham Tuckwell, who created the first ETFs for gold and oil, is looking to sell his company, ETF Securities, for a potential price of £1B ($1.6B), the FT reports. Tuckwell's decision comes as money pours into gold ETFs and scrutiny increases on the market for the funds. 1 Comment [Commodities]
Saturday, August 6, 2011, 7:50 AM Gold miners (like AEM, GG, NEM) haven't always proved great at the "beat-the-number" Wall Street game, as recent results have shown, but that doesn't mean they're bad investments, Bill Fleckenstein argues - just ask whether you can buy ounces in the ground cheaper than above ground. 10 Comments [Commodities, Quick Ideas]
Wednesday, March 2, 2011, 7:39 AM The aussie recovers from a fall to trade near unchanged after Australian Q4 GDP comes in slightly softer than expected, rising 0.7%. Q1 GDP may show a negative print as the effects from the flood show up, but the mining boom will assure it's only a temporary setback. Comment! [Global & FX]
Monday, February 7, 2011, 9:45 AM Global miners will likely report H2 profits doubled, leaving them with so much cash that even multi-billion dollar expansion projects and smaller acquisitions won't make much of a dent. Shareholders are pushing for fat dividends. Comment! [Global & FX]
Tuesday, January 4, 2011, 9:13 AM BHP Billiton (BHP) and Xstrata (XSRAF.PK) could be the major beneficiaries as floods in Australia push the price of coking coal up by 30%. BHP has been attempting to shift coal pricing away from annual and towards monthly contacts, an effort sure to continue after these events. Comment! [Global & FX]
Friday, December 31, 2010, 5:20 PM Best performing asset classes of 2010: SLV +82.3%, PEJ +38.3%, XRT +36.2%, EWM +35.1%, XME +33.7%. Worst performing asset classes of 2010: UNG -40.5%, TAN -28.9%, EWP -23.5%, GEX -19.9%, EWI -15.6%. (top 10 best/worst) Comment!
Thursday, December 30, 2010, 8:38 AM Mining, chemical, and heavy industry IPOs more than quintupled this year to $30.3B, and the industry is on track for even higher growth in 2011. Still, mining IPOs are 'high risk, high reward' and the faint-hearted should steer clear. Comment!

XME SPDR S&P Metals and Mining ETF

XME

SPDR S&P Metals and Mining ETF