(IBTimes) - US Gold futures prices finished US pit trade lower, but well off of the session lows. Prices tapped a new 17-wk low on Wednesday. The market had another raw commodity
Looking at the universe of stocks we cover at Dividend Channel, on 5/9/12, Southern Copper Corp (NYSE: SCCO) will trade ex-dividend, for its quarterly dividend of $0.53, payable on 5/24/12. As a percentage of SCCO?s recent stock price of $31.84, this dividend works out to approximately 1.66%. Below is a dividend history chart for SCCO, ...
China is stockpiling Copper, price to rise. It was reported that the copper inventory on the London Metals Exchange (LME) declined by 4.1% last week, the latest weekly fall, indicating that Copper inventories in London have are reduced by about 50% since September 2011.
It is often stated that copper is the metal with a Ph.D. in economics, and the data for the most part bears this out. The breakdown in the price structure of the Bullish Consensus for copper strongly suggests lower prices for copper, which in all likelihood implies a recession.
LONDON (Reuters) - Banks knocked by news JPMorgan's announcement that it incurred a $2 billion loss from a failed hedging strategy led Britain's top share index lower on Friday, reversing the previous session's modest gains. Barclays, with a large exposure to U.S. investment banking, was the worst blue chip performer, shedding 3.8 percent as JPMorgan stunned investors with news that its Chief ...
Commodity prices are trading broadly lower in European hours as risk appetite continues to unravel, with growth-sensitive crude oil and copper prices following stocks lower while safe-haven flow buoy the US Dollar, applying de-facto downward pressure on gold and silver . As we suspected earlier in the week , the latest bout of negativity appears rooted global economic growth fears.