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Thin Role For Thain At BofA Although Merrill's CEO instigated its acquisition by bank of america, he won't be on the board of the combined company. ForbesThompson Creek Faces Possible Writedowns as Moly Prices Continue to Fall FP Trading Desk submits: It continues to be a rough week for shares of Thompson Creek Metals Co. (TC), which continues to suffer as molybdenum spot prices have fallen to roughly $8 per pound and the company faces possible write-downs.On Friday, one of the world’s largest producers of the metal used in high-strength steel alloys announced a reduction in capital expenditures and the postponement of the expansion of its 75%-owned Endako Mine.Complete Story » Seeking AlphaPrivate Placement Closes, Agnico-Eagle Sees More Volatility FP Trading Desk submits: As usual, it’s been a wild ride for Agnico-Eagle Mines Ltd. (AEM) shareholders. When the gold miner announced its private placement to sell at least $252-million in stock to fund expansion and bolster its balance sheet on Nov. 19, its shares fell 12% to around C$33 in Toronto. This brought the year-to-date decline to roughly 40%. By the end of the month, Agnico was up above C$48 per share. But after steady declines this week, it is trading around C$35 again. Sharp moves in the price of gold are also playing a role.Complete Story » Seeking AlphaAnglo American`s New Management Is Key to its Future - BMO FP Trading Desk submits: Anglo American PLC (AAUK) has been the second-worst performer among the world's major diversified mining companies over the last five years. But is now the time to buy?BMO capital markets analyst Tony Robson is not so sure. He noted that London-based Anglo has been a chronic underperformer for a number of reasons: lacklustre management, a weak corporate structure, poor operational performance at many of its mines, and myriad problems in South Africa (where it does a great deal of business).Complete Story » Seeking AlphaNegative Real Rates Will Drive Gold Prices Up Adam Hamilton submits:It’s been a tough year for gold investors. Instead of soaring during the great fear and uncertainty of the global financial panic as most gold investors expected, gold got caught up in the selling. Thus it is down 7.3% year-to-date. This is far-better performance than virtually everything else, especially the S&P 500’s 40.7% YTD loss. Nevertheless, the lack of a flight to gold in such dire conditions remains disappointing. Why didn’t gold rally? Capital fleeing out of the imploding bond and stock markets flooded into US Treasuries at staggering rates. While Treasuries weren’t yielding much, at least they sheltered capital from the surrounding universal panic selling. Before taking refuge in Treasuries, foreign investors first had to buy US dollars. This frenzied dynamic drove a monster dollar rally which hammered gold futures.Complete Story » Seeking AlphaDecember Outlook: How to Preserve Capital Steven Hansen submits: A conservative investor needs to be defined as the situation changes the definition. Complete Story » Seeking AlphaHang on to Your Gold SW Richmond submits: Gold bugs are believers, that's for sure. The question is: are they wrong? One must correctly perceive what is happening, and what is being done about it, in order to predict what will occur.Complete Story » Seeking Alpha |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
Feedzilla manually aggregates news summaries found in RSS feeds, and redistributes them in either RSS format or as a news widget. Content is collected 24 hours a day, 7 days a week from an ever-growing list of providers.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]