The shiny metal must be a good partial buy…
Comments »Congress Ends Corn Ethanol Subsidy
Washington —The United States has ended a 30-year tax subsidy for corn-based ethanol that cost taxpayers $6 billion annually, and ended a tariff on imported Brazilian ethanol.
Congress adjourned for the year on Friday, failing to extend the tax break that’s drawn a wide variety of critics on Capitol Hill, including Sens. Tom Coburn, R-Okla., and Dianne Feinstein, D-Calif. Critics also have included environmentalists, frozen food producers, ranchers and others.
Read the rest here.
Comments »China Announces Another Cut in Exports of Rare Earth Minerals
FLASH: Crack Spreads Jump 5%
To $15.30
Comments »Elliott Wave Theory May Suggest Gold is Going to $4500 per oz
The Oil Fear Trade Relaxes After Italian Bond Auction Goes Well and Traders Write Off Iran Talk
Hedge Funds Miss Out on Recent Commodity Performance; Will They Chase Risk?
Speculation Takes Oil Closer to $100 on U.S. Recovery
Oil is trading slightly higher on hopes a U.S. recovery will create more demand.
Comments »Libya and Iraq Now Produce Over 4 Million Barrels A Day
Hedge Funds Cut Commodity Ownership by 15%
Upgrades and Downgrades This Morning
| Company | Date | Analyst | Action | From | To |
|---|---|---|---|---|---|
| TIBCO SOFTWARE (TIBX) |
12/22/2011 | BMO Capital Markets | Reiterated | Outperform |
| Company | Date | Analyst | Action | From | To |
|---|---|---|---|---|---|
| WALGREEN CO (WAG) |
12/22/2011 | Barrington Research | Upgraded | Mkt Perform | Outperform |
| CITY HLDGS CO (CHCO) |
12/22/2011 | Standpoint Research | Downgraded | Buy | Hold |
| HERSHA HOSPTLY (HT) |
12/22/2011 | Barclays Capital | Initiated | Equal Weight | |
| BROADSOFT INC (BSFT) |
12/22/2011 | Avondale | Initiated | Mkt Outperform | |
| ENDURO ROYLT TR (NDRO) |
12/22/2011 | Morgan Keegan | Initiated | Mkt Perform | |
| MEDNAX INC (MD) |
12/22/2011 | BB&T Capital Mkts | Initiated | Buy | |
| PAYCHEX INC (PAYX) |
12/22/2011 | RBC Capital Mkts | Reiterated | Sector Perform | |
| AGRIUM INC (AGU) |
12/22/2011 | RBC Capital Mkts | Downgraded | Outperform | Sector Perform |
| POTASH SASK (POT) |
12/22/2011 | RBC Capital Mkts | Upgraded | Sector Perform | Outperform |
| MONOTYPE IMAGNG (TYPE) |
12/22/2011 | Brigantine | Reiterated | Buy | |
| CALLIDUS SOFTWR (CALD) |
12/22/2011 | Morgan Keegan | Initiated | Outperform | |
| PACIFIC DRILLNG (PACD) |
12/22/2011 | Howard Weil | Initiated | Market Outperform | |
| KB HOME (KBH) |
12/22/2011 | Stifel Nicolaus | Downgraded | Buy | Hold |
| BILL BARRETT CP (BBG) |
12/22/2011 | Stifel Nicolaus | Upgraded | Hold | Buy |
| WASHINGTON BNKG (WBCO) |
12/22/2011 | Stifel Nicolaus | Initiated | Buy | |
| COLUMBIA BK SYS (COLB) |
12/22/2011 | Stifel Nicolaus | Initiated | Hold | |
| MICRON TECH (MU) |
12/22/2011 | Sterne Agee | Reiterated | Buy | |
| ELSTER GRP-ADR (ELT) |
12/22/2011 | Wunderlich | Initiated | Buy | |
| TIBCO SOFTWARE (TIBX) |
12/22/2011 | Mizuho | Upgraded | Neutral | Buy |
| MANHATTAN ASOC (MANH) |
12/22/2011 | The Benchmark Company | Downgraded | Buy | Hold |
| NETAPP INC (NTAP) |
12/22/2011 | Ticonderoga | Initiated | Neutral | |
| EMC CORP -MASS (EMC) |
12/22/2011 | Ticonderoga | Initiated | Buy | |
| VMWARE INC-A (VMW) |
12/22/2011 | Ticonderoga | Initiated | Neutral | |
| ANAREN INC (ANEN) |
12/22/2011 | Brean Murray | Reiterated | Buy | |
| VIROPHARMA (VPHM) |
12/22/2011 | Brean Murray | Initiated | Buy | |
| VMWARE INC-A (VMW) |
12/22/2011 | Wunderlich | Upgraded | Hold | Buy |
| BOSTON SCIENTIF (BSX) |
12/22/2011 | Mizuho | Downgraded | Buy | Neutral |
| ZIMMER HOLDINGS (ZMH) |
12/22/2011 | Mizuho | Upgraded | Neutral | Buy |
| KB HOME (KBH) |
12/22/2011 | FBR Capital | Reiterated | Mkt Perform | |
| BRUNSWICK CORP (BC) |
12/22/2011 | Robert W. Baird | Initiated | Outperform |
Copper Traders Feeling the Most Bullish in Months
Abysmal Year to Date Performance Data of Gold and Silver Stocks
A Quick Look at What Shell Did to the Niger Delta (VIDEO)
http://www.youtube.com/watch?v=1XGOJm_n_fg
Comments »Crude Inventories: Prior -1.932 mn, Market Expects -2.1 mn, Actual -10.6 mn
Gold Climbs On Lack of Sellers; Investors Will Take the ECB/IMF 150 Billion Euro Loan Deal
The ECB originally wanted to construct a loan through the IMF for 400 billion euros. As the deal making occurred that number dropped to 200 and was finally settled yesterday for 150 billion euros.
At any rate, investors have calmed down a bit on the news which in turn has cause the sellers to stop killing gold.
Comments »BoA Analyst: Gold to Hit $2,500 in 2012
A Strong Dollar Trims Profits on Oil and Gold
The death of Kim Jong Il cause the dollar to spike overnight trimming gains in commodities and stocks in Europe.
Comments »
