Diversified Metals & Mining

Traders must pay close attention to the U.S. Dollar Index. This morning, the U.S. Dollar Index has rallied sharply higher since 8:00 am EST. Yesterday, the U.S. Dollar Index plunged lower by before the closing bell helping to inflate the major stock and commodity indexes. Traders will notice when...

J.P. Morgan Chase & Co. is out with a research report on Thompson Creek Metals (NYSE: TC) and it has a Neutral rating and a $12.50 price target on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "We are maintaining our estimates and Dec 2012 price target of $12.50 for TC....

Shares of Exeter Resource (NYSE: XRA) are lower on the session by 0.74%, trading at $4.05. Overall call volume is now running at 11.75x the daily average, with 0% of all calls traded being purchases on the offer. 2,010 contracts have traded on the session so far. Exeter Resource Corporation is...

Shares of McDonald's Corp (NYSE: MCD) dropped about 1.5% after the company reported a 5.1% rise in its global same-store sales rose in July. McDonald's reported that its US same-store sales surged 4.4%, Europe increased by 5.3%, and Asia/Pacific, Middle East and Africa same-store sales rose 4%....

Rio Tinto plc (NYSE: RIO) and Mitsubishi Corp (OTC: MSBHY) offered to buy out Coal & Allied for A$1.49 billion ($1.56 billion). Rio and Mitsubishi offered A$122 per share, a 34% premium to the Coal & Allied 's last trading price. RIO shares dropped 3.63% to $57.04 in pre-market trading,...

Here are today's mid-day options volume leaders… 1. Bank of America (NYSE: BAC) 279,274 contracts, 47.8% calls, 52.2% puts 2. Apple Inc. (NASDAQ: AAPL) 194,925 contracts, 61.2% calls, 38.8% puts 3. Citigroup Inc. (NYSE: C) 186,318 contracts, 52.3% calls, 47.7% puts 4. Freeport McMoran (NYSE: FCX)...

Traders better watch the chart of the U.S. Dollar Index very closely. Yesterday, the U.S. Dollar Index soared higher as the major stock indexes deflated and plummeted lower. This morning, the U.S. Dollar Index futures (DX U1) is trading lower by 0.37 cents to $75.00 per contract. When the U.S....

Fluor Corporation (NYSE: FLR) announced today that British Columbia Mining Joint Venture, a 50:50 joint venture between Fluor Canada Ltd and AMEC Americas Limited, reached a final agreement with Terrane Metals Corp., a wholly-owned subsidiary of Thompson Creek Metals Company (NYSE: TC) to complete...

General Motors Co (NYSE: GM) reported a strong rise in its second-quarter earnings. GM reported its quarterly earnings at $2.5 billion, or $1.54 per share, up from $1.3 billion, or $0.85 per share, in the year-earlier period. Its revenue surged to $39.4 billion from $33.2 billion. However, analysts...

Dendreon Corporation (NASDAQ: DNDN) dipped 61.10% to $13.94 in the pre-market session. DNDN withdrew its full-year revenue projections and posted wider-than-expected quarterly loss. Northrop Grumman Corporation (NYSE: NOC) lost 4.36% to $54.62 in the pre-market session. NOC shares have dropped 4....

Rio Tinto Plc (NYSE: RIO) reported a 30% rise in its first-half net profit. Rio Tinto reported its net profit at $7.59 billion. Its revenue surged to $29.1 billion, from $24.5 billion, in the year-ago period. It also increased its share buy-back program by $2 billion to $7 billion. RIO shares...

Shares of BHP Billiton (NYSE: BHP) are lower on the session by 1.12%, trading at $86.57. Overall put volume is now running at 2.94x the daily average, with 81% of all puts traded being purchases on the offer. 11,621 contracts have traded on the session so far. BHP Billiton Limited is a...

Robert Friedland, founder and Chief Executive Officer of Ivanhoe Mines (NYSE: IVN) (NASDAQ: IVN) and Chairman of Altynalmas Gold, and David Woodall, President and Chief Executive Officer of Altynalmas Gold, announced today a NI 43-101-compliant Mineral Resource estimate for the new Bakyrchik East...

Australia's Macarthur Coal, the world's largest maker of pulverized coal, is continuing its search for alternative takeover offers to the $5.2 billion offered by a joint venture formed by Peabody Energy (NYSE: BTU) and Arcelor Mittal (NYSE: MT), adding that it does not consider the offer from the...

BMO reiterated its Market Perform rating on Compass Minerals (NYSE: CMP). At the same time, the rating agency reduced its price target on the company's stock from $90 to $89. On Friday, CMP closed the day at $78.74.