Metals

Crude oil and gold suffer fresh near-term technical damage.
Charlie Munger's statements are not only distasteful, they are inaccurate.
Buffett was asked why he isn’t in gold, much as his avoidance of tech was questioned 12 years ago.
Gold prices are consolidating in the near term, but the longer-term technical posture remains bullish.
The yellow metal has languished amid a somewhat calmer world marketplace, but that may be changing.
The increase in domestic natural gas usage in the industrial sector could revitalize the U.S. economy.
They’re the key end market for ‘electric metals,’ and you’d do well to focus on these themes in particular.
For rich people in Spain and Italy, it's a hedging alternative to the euro.
This could be a bad omen for other raw commodities as well as the U.S. stock market.
Just for today, at least. Alcoa wins.

Columnist Conversation / Market Updates

| May 16, 2012
| 4:04 PM EDT
U.S. stocks again gave up early gains and finished Wednesday lower....
| May 16, 2012
| 2:58 PM EDT
Stocks are hovering around flat, but the credit market is trading very poorly. Bid-wanteds in cash are rolling in, especially in the go-go financial names....

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