silver

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cottonExcept for the safe haven of U.S. treasuries and the U.S. dollar, most other commodities are getting slaughtered in the wake of the Japanese crisis.

Here are some prices of nearby contracts compared to five days ago:

  • WTI crude is trading at $97.68 per barrel, down from $105
  • Wheat is at $6.89 per bushel, down for $7.89
  • Corn is at $6.48 per bushel, down from $7.11
  • Soybeans are trading at $13.28 per bushel, down for $13.83
  • S&P futures are trading at 1262, down from 1306.
  • Live cattle are at $1.13 per pound, down from $1.18
  • Gold is at $1,397 per ounce, down from $1,436
  • Silver is trading at $34 per ounce, down from $36
  • Cotton is at $1.90 per pound, down from $2.13
  • Coffee is trading at $2.64 per pound, down from $2.96
  • Sugar is at 26 cents per pound, down from 30 cents.

Continue reading Commodities Have Been Clobbered over the Past Week

Commodities Have Been Clobbered over the Past Week originally appeared on BloggingStocks on Tue, 15 Mar 2011 17:00:00 EST. Please see our terms for use of feeds.

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Look for the silver lining. Silver is catching the imagination of investors across the country. Investors who want a piece of the precious metals boom are buying silver in droves.

Why silver? Why now? Gold has moved sharply higher this year and is out of reach of many investors. Silver, on the other hand, is relatively cheap at about $27 per ounce. For a small premium over bullion, you can buy a Silver Eagle coin. Coin sales are up 22% over last year and up 30% over 2007, as reported by CNBC.com

Continue reading Near-Record Demand Drives Silver Prices Higher

Near-Record Demand Drives Silver Prices Higher originally appeared on BloggingStocks on Wed, 01 Dec 2010 10:40:00 EST. Please see our terms for use of feeds.

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A large scale sell-off materialized in the silver market in mid-November after the CME Group (CME) raised silver margins. The iShares Silver Trust ETF (SLV) fell from over $27 to under $25 in a matter of days on very heavy volume. It looked like a top had been put in after a heady run in the precious metal.

The SLV, however, has now retraced that move despite the fact that the U.S. Dollar has been climbing on a near daily basis. A stronger dollar should be putting a cap on the silver market, and that is not happening. This is a very bullish signal that the price of silver is going to continue to climb as we head into 2011. Look to get long the iShares Silver Trust ETF in the coming days.

Silver Is Set To Explode originally appeared on BloggingStocks on Mon, 29 Nov 2010 18:00:00 EST. Please see our terms for use of feeds.

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Companies on a shopping spree either feel their growth is confined or they are feeling flush. In the case of Caterpiller (CAT), which reported that it is going to Buy Bucyrus for $8.6 Billion, it is the latter. The company has had a terrific year in which it has seen a 76% increase in it’s growth. This rapid increase in business has pushed the PEG ratio down to a low 0.86 with the stock trading near its 52- week high.

From what I can gather, the deal between CAT and Bucyrus has merit. Does that mean this is a good time to buy Caterpillar stock? I don’t think so. More often than not, stocks trading near their highs will present better entry points with greater value to the more patient investor.

Continue reading Chasing Value: Caterpillar is Not Dirt Cheap

Chasing Value: Caterpillar is Not Dirt Cheap originally appeared on BloggingStocks on Mon, 15 Nov 2010 15:00:00 EST. Please see our terms for use of feeds.

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