Last week we saw a precious metal shoot up over $200 overnight!
This was the first time in history we saw this metal move over 8% within a few hours, taking it to a record high of $2,769.
Even Edward Meir, an analyst at ED&F Man Capital Markets said it…
“…has been unbelievable - it's like the Tesla stock of commodities,”
And while the Coronavirus continues to spread, stock mar... ››› more
In the first three months of the year, we saw a major rally on a number of resource stocks listed on the JSE.
Take a look at the chart of the JSE-Resources Top 20 Index to see what I mean…
During the 20% resource rally, we took full advantage and my Red Hot Storm Trader members managed to bank a total gain of 245.65% including a:
• 51.95% gain on Anglo American Plat... ››› more
You may or may not have heard of Jim Rogers, but he's one of the world's most successful investors.
In the 1970s, Jim Rogers' Quantum Fund delivered a 4,000%-plus return to investors, while the S&P 500 gained just 42%.
This incredible success early in his career enabled Rogers to retire at the age of 37!
But this isn't the reason why I bring up Jim Rogers today.
It all has to do w... ››› more
Kumba Iron Ore is part of the Anglo American group of companies. The company is one of the Johannesburg Stock Exchange's top 40 companies…
Full name: Kumba Iron Ore Limited
Short name: Kumba
Sector: Basic resources – industrial metals & mining
Five top facts about Kumba Iron Ore
Kumba Iron Ore employs over 14,000 people in South Africa. It prides itself on ... ››› more
Commodities have had a rough ride over the past few years. One casualty is iron ore. Its price keeps ebbing lower.
So why is the price of iron ore struggling so much? Is there hope of a recovery? And what does it mean for the major iron ore suppliers?
Let's take a closer look…
The sinking price of iron ore
Iron ore is the main ingredient used to make steel. Since the beginning of ... ››› more
Earlier today, the National Union of Mineworkers (NUM) announced that it had agreed to a new wage deal with Kumba Iron Ore.
The deal sees the union securing the best wage hikes for its lowest paid members.
Let's take a closer look at the new wage deal…
The wage deal sees a solid rise in pay
The NUM has “secured a 17.5% increase for the lowest category of employees” with Kumba... ››› more
When it comes to producing iron ore, no one does it better than BHP Billiton (JSE: BIL) and Rio Tinto (LSE: RIO). These are the world's biggest iron ore producers by far.
In fact, they've produced 56.6 and 57.5 million tons respectively. And that's in the last three months alone. These figures represent a 19% increase for BHP Billiton on a year ago and an 11% increase for Rio Tinto.
But wha... ››› more
Earlier today, Kumba Iron Ore released its results for the six months to the end of June. Despite the company increasing production, earnings fell as iron ore prices came under pressure. Kumba's share price has reacted positively to the results. Let's take a closer look at what Kumba's results revealed…
Iron ore prices for export fell 17%
Kumba said that “headline earnings for the six mont... ››› more
We all love to hate the Aussies… And more often than not, it's because they're so damn good at sport.
Well today, there's another reason to hate them.
You see, it turns out the Aussies are good at more than just sport. They're great at finance too. So good in fact, they've got investors from all over the world flooding into their currency.
According to a Bloomberg study, the Aussie Doll... ››› more
Chinese scientists have warned that the country's toxic air pollution is now so bad that it resembles a 'nuclear winter', slowing photosynthesis in plants — and potentially wreaking havoc on the country's food supply.
Chinese officials know they have a massive problem on their hands if they want to transition into a consumer driven economy.
Nobody wants to raise a family in a place that'... ››› more
“China slowdown threatens global growth”
“China economy running out of steam”
“Chinese stocks fall on growth slump”
These are the headlines journalists have splashed across the media over the last few months. And they normally follow these up headlines with a story about how Chinese growth rates are slowing; and how this could spell economic disaster for China and the world. A... ››› more
While I'd usually want to sell at the upper resistance of this gentle downtrend, I think I can be forgiven for breaking the rules when considering a company like Kumba Iron Ore (KIO). Right now, it's my favourite contrarian play and a trade I believe you should put on today.
When it comes to trading Kumba Iron Ore, it’ll pay to go against the general consensus
With its 7.5 PE (8 forward P... ››› more
Earlier today, Anglo American released its production report for the final quarter of 2013 to the end of December. And the diversified mining giant impressed. Especially in its production of iron ore, copper and platinum. Shares in Anglo American, Anglo American Platinum and Kumba Iron Ore rallied strongly on the news. Let's take a closer look at what the report revealed…
In today’s released... ››› more
Earlier today, Kumba Iron Ore released a trading statement. The company said that it expects its earnings for the full year to come in 20% higher. Kumba's share price has risen on the back of the news. Let's take a closer look at what the trading statement revealed…
Kumba Iron Ore says that “it expects full-year earnings to rise by as much as 20%,” reports Fin24. The iron ore producer says... ››› more
“Iron ore rallying as cargoes to China reach record”
This was a headline on Bloomberg yesterday.
Now on your first look at this headline, you may think that now's a good time to buy into iron ore miners.
After all, if the industrial metal's price is rallying, then miners should make more profit right?
Well today I'm telling you, this rally in iron ore prices will be short lived. And ... ››› more
Earlier today, BHP Billiton released its first quarter operational review. And the commodities giant surprised investors with an upbeat report. Most notable was the boost in iron ore production and its forecast. Let's take a closer look at what the operational review for the first quarter revealed...
Shares on the JSE of BHP Billiton have risen nearly 4% on the back of its first quarter operatio... ››› more
The global economy is dependent on resources such as oil, iron ore, copper and precious metals.
We are consuming these resources at an unimaginable rate...
Take oil for example: Over 87 million barrels of oil are used every day!
But there's one natural resource that's much more important than any of these minerals will ever be.
This resource is so vital that without it the worl... ››› more
Yesterday, Kumba Iron Ore released its first half results. In spite of labour unrest severely affecting production at one of its mines, the company managed to stay on par. The results include a bonus for shareholders. Let's have a closer look…
In its first half results, to the end of June, Kumba “reported little growth,” reports Fin24.
The company was “hit by a sharp fall” in the pr... ››› more
There is massive hype surrounding the steel sector right now...
Many people think the industry has hit rock bottom...
And, believe now's the time to buy in as the sector starts making a comeback.
Even big fund managers are pouring money into this industry.
About two weeks ago both RE:CM and Investec Asset Management snatched up a large portion of ArcelorMittal.
These two fund mana... ››› more
Cheap stocks are what true value investor's look for.
Low PE's, high dividends and buying companies at values less than what their total assets are worth is what these investors love.
And looking purely at fundamental factors many diversified resource miners are looking really good right now.
According to Bloomberg estimates Anglo American, the former darling of the South African market, i... ››› more
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