Barrick Gold Corp (USA)
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2 Gold Miners Fighting to Control Costs
By Frank Schirmeier - April 19, 2013 | Tickers: ABX, GG, GDX, GLD
Last week, the gold price dropped below a psychologically important barrier at $1,500. Since mid-2011, the SPDR Gold Shares (NYSEMKT: GLD) ETF has lost almost one-fourth of its value, while the Market Vectors Gold Miners (NYSEMKT: GDX) ETF now trades at half of its former valuation, raising the question of whether mining stocks are a bargain now.
The drop in the miners' shares can partially be explained by the more »
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Gold Drops! What 'They' Don't Want You to Know
By Adem Tahiri - April 19, 2013 | Tickers: ABX, FCX, NOV, GLD
The price of gold, and the broader commodities market, plummeted on Monday morning. At one point SPDR Gold Shares (NYSEMKT: GLD)ETF, was down over 8%, hitting fresh 52-week lows at $130. Miners like Barrick Gold (NYSE: ABX) and Freeport-McMoRan (NYSE: FCX) fared even worse, with Barrick's shares plunging over 12%. The sudden "flash crash," and broader gold decline in recent months, has left investors searching for answers.
The more »
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Gold: Poor Performance Was Expected
By Federico Zaldua - April 18, 2013 | Tickers: ABX, GG, GLD
A month ago, in an article published in this blog, I warned about gold being expensive. Despite this, I never thought that the fall would be so violent. I never imagined gold would fall 15% in three sessions to a two-year low of $1,321 in the Asian market on Tuesday. That said, now two questions must be answered:
(1) Why was the fall so sharp? and (2) If you more »
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Making Money From Precious Metal Drops
By Ash Anderson - April 17, 2013 | Tickers: ABX, FCX, SLW
Gold and silver are doing terrible this year. At the time of writing gold is down more than 17% in 2013, and silver is off by an incredible 22%.
With the massive drops from these precious metals came the massive drops of those who mine them. Silver Wheaton (NYSE: SLW), Freeport-McMoRan (NYSE: FCX), and Barrick Gold (NYSE: ABX) have all been following the industry on the way down with the more »
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Should You Trust Gold?
By Nihar Patel - April 17, 2013 | Tickers: ABX, VALE, GLD
Unemployment is still a major issue. The Fed has pointed at the unemployment rate as a key number that influences their policies. Like a plague, unemployment has spread north to Canada, and Europe continues to lag.
Currencies are seeing a race to the bottom, with every bank trying to finesse their currencies into a price that is more acceptable to them. Japan, in an effort to avoid yet another lost more »
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Just Give Me Flat Gold Demand as Supply Falters
By Peter Epstein - April 17, 2013 | Tickers: ANV, ABX, NEM, GLD
Wild Gold Price Swings Divorced From Supply / Demand Considerations
On Friday, Apr. 12, gold prices fell more than $80 per ounce to about $1,480. The sell-off, (some called it panicked, some said it was capitulation) means that in technical terms gold has, "broken down." I am not a big fan of technical analysis. I have no idea where gold is headed next.
Over a longer period, I believe that more »
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Just Give Me Flat Gold Demand as Supply Falters
By Peter Epstein - April 17, 2013 | Tickers: ANV, ABX, NEM, GLD
Wild Gold Price Swings Divorced From Supply / Demand Considerations
On Friday, Apr. 12, gold prices fell more than $80 per ounce to about $1,480. The sell-off, (some called it panicked, some said it was capitulation) means that in technical terms gold has, "broken down." I am not a big fan of technical analysis. I have no idea where gold is headed next.
Over a longer period, I believe that more »
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Gold Drops! What "They" Don't Want You to Know
By Adem Tahiri - April 17, 2013 | Tickers: ABX, FCX, NOV, GLD
The price of gold, and the broader commodities market, plummeted on Monday morning. At one point SPDR Gold Shares (NYSEMKT: GLD)ETF, was down over 8%, hitting fresh 52-week lows at $130. Miners like Barrick Gold (NYSE: ABX) and Freeport-McMoRan (NYSE: FCX) fared even worse, with Barrick's shares plunging over 12%. The sudden "flash crash," and broader gold decline in recent months, has left investors searching for answers.
The more »
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Gold: Poor Performance Was Expected
By Federico Zaldua - April 16, 2013 | Tickers: ABX, GG, GLD
A month ago, in an article published in this blog, I warned about Gold being expensive. Despite this, I never thought that the fall would be so violent. I never imagined gold would fall 15% in three sessions to a two-year low of $1,321 in the Asian market on Tuesday April 16th. That said, now two questions must be answered:
(1) Why was the fall so sharp? and (2 more »
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Gold Miners Are Hitting Deep Value Territory: Here Are Five Cheap Miners for Your Watch List
By Brendan O'Boyle - April 15, 2013 | Tickers: ABX, GG, NEM, GOLD, AUY
Gold mining is a tough business. It is capital intensive to get that precious yellow metal out of the ground, and then the price that can be fetched on the open market can vary greatly. In the past several weeks the price of gold has dropped dramatically, while the price of many gold miners has dropped even more. Because of the uncertain and capital-intensive business model, gold miners are not more »
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Gold Miners Are Hitting Deep Value Territory: Here Are Five Cheap Miners for Your Watch List
By Brendan O'Boyle - April 15, 2013 | Tickers: ABX, GG, NEM, GOLD, AUY
Gold mining is a tough business. It is capital intensive to get that precious yellow metal out of the ground, and then the price that can be fetched on the open market can vary greatly. In the past several weeks the price of gold has dropped dramatically, while the price of many gold miners has dropped even more. Because of the uncertain and capital-intensive business model, gold miners are not more »
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Just Give Me Flat Gold Demand as Supply Falters
By Peter Epstein - April 14, 2013 | Tickers: ANV, ABX, NEM, GLD
Wild Gold Price Swings Divorced From Supply / Demand Considerations
On Friday, April 12th, gold prices fell more than $80 per ounce to about $1,480. The sell-off, (some called it panicked, some said it was capitulation) means that in technical terms gold has, "broken down." I am not a big fan of technical analysis. I have no idea where gold is headed next.
Over a longer period, I believe that more »
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Gold Miners Are Hitting Deep Value Territory: Here Are Five Cheap Miners for Your Watch List
By Brendan O'Boyle - April 14, 2013 | Tickers: ABX, GG, NEM, GOLD, AUY
Gold mining is a tough business. It is capital intensive to get that precious yellow metal out of the ground and then the price that can be fetched on the open market can vary greatly. In the past several weeks the price of gold has dropped dramatically, while the price of many gold miners has dropped even more. Because of the uncertain and capital-intensive business model, gold miners are not more »
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South American Headaches
By Federico Zaldua - April 13, 2013 | Tickers: ABX, VALE, NEM
Mining mega projects are suffering from government interventionism in South America. Argentina, Chile and Peru are bringing headaches to most mining top managers. That said, the Andean region cant be ignored by them: the area holds huge untapped mineral riches. Let's take a one by one look at the companies that are having trouble in the South of Latin America right now.
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Will These Gold Producers Bounce Back?
By Lior Cohen - April 12, 2013 | Tickers: ABX, GG, GLD, AUY
The gold market continues to cool down. The recovery of the U.S stock market is pulling investors out of safe haven investments and into the stock market. The leading gold producers are the first to suffer from this shift in market sentiment. Will shares of gold companies including Barrick Gold (NYSE: ABX) and Goldcorp (NYSE: GG) continue to decline? Will the upcoming financial reports of these companies pull their more »
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Double (or Triple) Your Money With These 4 Cyclical Stocks
By Adem Tahiri - April 11, 2013 | Tickers: AA, ABX, VALE, FCX, STLD
With the markets at all-time highs, many investors are worried they've missed their opportunity--but they haven't. Rest assured, while the easy money may be gone, value stocks exist in every market.
Many stocks in materials, mining and metals are at multi-year lows and have largely missed the rally. Despite strong performance in the underlying companies, stocks in these sectors sell-off frequently into economic uncertainty, creating wonderful value opportunities more »
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Double (or Triple) Your Money With These 4 Cyclical Stocks
By Adem Tahiri - April 8, 2013 | Tickers: AA, ABX, VALE, FCX, STLD
With the markets at all-time highs, many investors are worried they've missed their opportunity--but they haven't. Rest assured, while the easy money may be gone, value stocks exist in every market.
Many stocks in materials, mining and metals are at multi-year lows and have largely missed the rally. Despite strong performance in the underlying companies, stocks in these sectors sell-off frequently into economic uncertainty; creating wonderful value opportunities more »
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How to Play the European Debt Crisis
By Piyush Arora - April 4, 2013 | Tickers: ABX, SLW
Now that the fears of fiscal cliff are behind us, the sovereign debt crisis in Europe has come to haunt us again. This time it’s Cyprus and the bailout fund is nothing short of ludicrous. One cannot simply steal money (as much as 80%) from savers, and expect to root out the problem. It can happen once, but people would immediately park their money abroad in order to stay more »
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How to Play the European Debt Crisis
By Piyush Arora - April 2, 2013 | Tickers: ABX, SLW
Now that the fears of fiscal cliff are behind us, the sovereign debt crisis in Europe has come to haunt us again. This time it’s Cyprus and the bailout fund is nothing short of ludicrous. One cannot simply steal money (as much as 80%) from savers, and expect to root out the problem. It can happen once, but people would immediately park their money abroad in order to stay more »
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Digging Into Gold Mines
By Frank Schirmeier - April 2, 2013 | Tickers: ABX, GG, GDX, NEM, SLW, AUY
I am not in favor of letting daily news affect my long-term investments. Even so, the Cyprus news, with fears on the safety of paper money flaring up, reminded me of the necessity to diversify into commodities. In the following, I will explain my line of thoughts, starting at physical gold and ending up with an investment into shares of the gold miner GoldCorp (NYSE: GG).
As a security against more »