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PPG Industries To Acquire Comex For $2.3 Billion
Monday, June 30, 2014 - 9:14am | 231In a press release announcement Monday, PPG Industries (NYSE: PPG) reached an agreement to acquire Consorcio Comex, S.A. de C.V. (“Comex”). The deal is valued at $2.3 billion, with no details of deal structure released yet. Comex and PPG are both in the coating manufacturing space...
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Market Wrap for Tuesday, August 6: Possibility Of September Fed Taper Weighs On Risk Assets
Tuesday, August 6, 2013 - 4:38pm | 895Comments from Federal Reserve Bank of Chicago President Charles Evans spooked the market on Tuesday and re-introduced the idea that the central bank could begin tapering its bond-buying program in September. Speaking to reporters, Evans said that “I would clearly not rule” out the possibility...
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Precious Metals Plummet As Gold, Silver Drop (GLD, SLV)
Wednesday, June 26, 2013 - 8:38am | 489Precious metals dropped precipitously overnight as gold and silver futures both plunged to new lows as significant technical levels gave way in gold. Also, declining inflation expectations have weighed on the metal and gold has now had its worst quarter in decades with just a few trading days left...
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As China Enters Silver Market, Dark Days Ahead for COMEX
Thursday, July 21, 2011 - 11:17am | 952By George Maniere Market manipulation and a lack of transparency will come to light as the paper silver market expands. I have been writing for some time that I could not get my hands around the silver trade. I had a feeling when the market went up 202 points on Tuesday that gold and silver would...
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Commodities Rise Across the Board; Gold, Silver, & Platinum Gain
Tuesday, May 11, 2010 - 3:52pm | 270Commodities prices are on the rise today with Gold, Silver, and Platinum Futures gaining nicely on the session. This is occurring in the face of a rising U.S. Dollar as well, which, as most of you know, are usually correlated inversely. Investors realize that commodities have the potential to win...