Xstrata (XTA) has a week to formalize its bid for Lonmin (LMI) but the market says it “ain’t gonna happen.”
I think Xstrata may have taken my advice to heart. A couple of months ago, I advised investors to stay away from Lonmin, and now it looks like Xstrata’s going to do that very thing. [...]

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Post tags: financial crisis, jeffrey sparshott, lmi, london, lonmin, platinum, sxta, Xstrata

We’re facing a topsoil shortage. And agricultural giant Cresud (NASDAQ:CRESY) will profit as fertile land becomes more scarce.
Blogger’s note: And here I just thought higher food prices were because of energy costs and a rise in the demand for biofuels (which is because of energy costs, too, come to think of it.).
We’ve [...]

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Post tags: agricultural, agriculture, biofuels, Chris Mayer, cresud, cresy, dirt, ethanol, farmland, fertile soil, grains, grant, iran, lee, piggly wiggly, property, topsoil, us, wheat

"Bull markets are born on pessimism, grow on scepticism, mature on optimism, and die on euphoria." — Sir John Templeton
by John Robson & Andrew Selsby, Full Circle Asset Management, first published in the threesixty Newsletter and subsequently on MoneyWeek
Baltimore and London — (TFN): Sir John Templeton died on 8 July, aged 95. He was, throughout [...]

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Post tags: andrew selsby, bear, browns bottom, bull, commodity, energy, full circle asset management, Gold, gordon brown, john robson, john templeton, long term investments, oil, sectors, threesixty

"It’s important that we get back to the fundamentals of supply and demand. Some commodity prices have held up and even continued to rise. These tend to be those where the price is set by contract negotiations." — Bradley Mitchell
Blogger’s note: Ever wonder where professional traders are putting their money? Well, now you don’t have [...]

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Post tags: banks, bear, bradley mitchell, bull, coal, Commodities, commodity prices, contract negotiations, ifl, international ferro metals, iron ore, metal prices, miners, mining, Moneyweek, supply and demand, Xstrata, xta

The gold boom looks like it’s over — at least for the time being: After losing $240 per ounce since March, a gold close below $780 could now trigger a further retreat to $750 an ounce… if not worse.
by Moming Zhou, MarketWatch
Baltimore — (TFN): Gold for December delivery sank $10.50, or 1.3%, to end at [...]

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“Governments and their central bank agencies set the price — and thus value — of what we now use to buy and sell, invest and spend. And since this control over money rests with politicians and bureaucrats, it’s worth noting how the surge in nationalized gold reserves coincided precisely with the surge in nationalist politics, [...]

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Post tags: Gold, gold prices, gold standard, investing in gold, investing in precious metals

Harry Winston Diamonds (HWD:NYSE) is up today, although that may just be Tiffany’s and Zale’s good quarterly reports rubbing off on the diamond producer. If you’ve been reading our blog for very long, you already know all about the troubles facing HWD.
But another Canadian diamond miner just had a really great day. And [...]

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Post tags: canadian, eric friedland, gem, harry winston, peregrine diamonds, pgd, toronto, vancouver

"The worst rout in the history of commodities may be ending, signaling a replay of the 2006 tumble that preceded a doubling of prices in the next 17 months." — Madelene Pearson, Bloomberg News
Blogger’s note: Depending on which camp you belong to, the recent dip in prices either means the commodities supercycle [...]

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Post tags: bernanke, bhp, boom, bust, china, Commodities, dominican republic, gsci, index, India, inflation, nestle, nickel, oil, standard & poor’s, supercycle, trichet, Xstrata

"You’d assume the controversy is part of the price, so there must be some other reason Lilly wants this asset. Maybe it’ll help them sell other products to those farmers. Animal health as a component for all pharma companies is a business they want to grow." — Charles Anthony Butler, Lehman Brothers [...]

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Post tags: eli lilly, Jennifer Yousfi, lly, mon, Monsanto, posilac, rBST, recombinant bovine somatotropin, synthetic milk

The gold bubble is continuing to deflate, right alongside the oil and euro bubble. Just how far? Jon Nadler provides perspective.
by Jon Nadler, Kitco.com
Baltimore — (TFN): Showing no signs that it has found a near-term bottom, gold continued to lose ground in overnight trading and erased its year-to-date gains, plunging to $801.90 per ounce and [...]

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Post tags: financial news, gold bubble, gold price, gold prices, spot gold