Gold & Other Commodities Plunge as Panic Runs Wild
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April 16, 2013 2:32 PM EDT
This week gold and silver were the talk of the town on Wall Street after panic sent precious metals sharply lower. There is no shortage of theories about gold's massive plunge - everything from Cyprus central bank selling, a large margin call, fears of Fed tightening, ETF liquidation, and so on. Whatever the case, it's clear that... More
April 15, 2013 7:55 AM EDT
Overnight it was reported that China's GDP grew 7.7 percent in the first quarter, which was down from the 7.9 percent growth in the fourth quarter and below economists expectations of 8 percent growth.
The government cited the global economic situation and domestic controls to slow property speculation.... More
April 15, 2013 6:50 AM EDT
Citi downgraded Freeport-McMoRan (NYSE: FCX) from Neutral to Sell with a price target of $25.00 (from $35.00). Analysts cut 2014 copper pricing by 13 percent and warned Freeport-McMoRan is likely to have minimal free cash flow over the next two years.
For an analyst ratings summary and... More
April 12, 2013 11:02 AM EDT
Gold futures fall below $1,500 per ounce in New York.... More
April 12, 2013 10:39 AM EDT
(Updated - April 12, 2013 11:25 AM EDT)
(Updated - April 12, 2013 11:12 AM EDT)
Gold was pressured early on Friday after prices breached support at $1540 per ounce. The slide put gold stocks in the hot seat, with shares of Barrick Gold Corporation (NYSE: ABX),... More
