Barrick Gold

Silver Near a 31-Year High

Silver Near a 31-Year High

Filed under: Major Movement , Competitive Strategy , Barrick Gold (ABX) , Commodities , Federal Reserve Back in the late 1970s, the Hunt brothers from Texas tried to corner the silver market . That drove prices to $48 an ounce. Now, 31 years later, silver is shooting higher again. The March silver futures contract closed at $32.296 per ounce , up 72 cents. Since gold is expensive, investors are turning to silver to hedge against inflation. Many fear that the Federal Reserve will not be able to control the spike in commodity prices. The Fed is buying $600 billion of treasuries and keeping interest rates near zero. Continue reading Silver Near a 31-Year High Silver Near a 31-Year High originally appeared on BloggingStocks on Sat, 19 Feb 2011 12:50:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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2011 Gold and Silver Predictions

2011 Gold and Silver Predictions

Gold prices are off to an expected pullback for the year. But this short-term dip won’t last long… After forming a triple top pattern at the very end of 2010, the price of gold has fallen nearly 5% to about $1,350 an ounce. Take a look: We may continue to see a bit of downward pressure on gold prices in the near term; but as economic problems continue to drive investors into safe-haven hard assets, the price of gold will be headed higher later this year. That means if you’ve been waiting for an opportunity to make a little money in gold, the market may be carving out a nice little spot to make some bullion purchases at a decent price to prepare for the next leg up. There are many who estimate gold will top the $1,500 level this year. But I think we’ll see gold make a heart-stopping race to $1,700 an ounce by the end of the summer. Silver is also going to be a big winner for us in 2011. The demand for silver as an investment has increased dramatically over the past several years as the retail market has become more accepting of silver as money and a store of wealth. And as gold prices approach $2,000 an ounce, I believe silver will be preferred by many — if not most — retail customers as a cheaper alternative that provides the level of wealth protection investors might be looking for. With that in mind, I think the price of silver will break $50 an ounce this year. Both gold and silver will be highly profitable for investors this year. But the real money will be made from the junior companies that explore for new resources and develop new projects to mine for these precious metals… Shares of junior gold and silver exploration companies can often skyrocket overnight — especially when they make new discoveries. And making new discoveries is their specialty… You’d think that the most talented precious metal prospectors work for the major gold companies like Barrick Gold (NYSE: ABX) and Newmont Mining (NYSE: NEM), but that isn’t the case. You see, the most talented mine finders stand to make a lot more money if they go out on their own. A top geologist with a major that makes a big discovery might get a sizable bonus and bigger …

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Mythbusting Gold's Volatility | www.bullfax.com

Filed in Barrick Gold, Gold, Gold Miners, Indonesian Gold, miners, o, shares by on January 26, 2011 0 Comments

Canadian gold miners tumble after bullion sell-off. Shares of Barrick Gold and other gold-mining majors fell on Friday on the Toronto Stock Exchange following a nearly 4% drop in the price of gold bullion on Thursday. …

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Market Wrap-Up for Jan.14 (JPM, PNC, STT, GS, NEM, MEE, GE, more)

As I progress through my early 40′s, I like to think back to how I approached money in my earlier years. Being an entrepreneur, there is always a constant need to invest in your business and in yourself. That said, I still regret not being more proactive when it came to thinking about long-term wealth and financial security. The beauty of compound interest (which dividend stocks are great at providing when you re-invest those dividends) is something to marvel at when you start tabulating the numbers. You can use our Compounding Interest Calculator to measure your hypothetical rate of return, based on the number of years and amount of money you invest. Of course, getting married, having kids, and buying a home can put quite a dent in your best-laid plans. What was Mike Tyson’s famous line? I believe it was “Everyone has a plan until they get punched in the face.” Now I’m not trying to liken a boxing match to your family life, but the fact remains that the expenses you incur in adulthood can take quite a toll on your financial goals. Some investors are now in a position of making up for lost time, scrambling to start or build their retirement nest egg at a later stage in their lives than they’d prefer. The way I see it, the solution to this problem is simple: put more money each month to work for you. Some things you learn with age, and when it comes to money, most of us don’t start to really appreciate the power it has in our lives until we look up at the scoreboard and realize we’ve lost some initial ground. The key word I used there is “initial”, because it is NEVER too late to come back and make a difference. My dad had a barber friend who bought his first house at 77 years old! That’s the way you have to look at life. Never stop trying to achieve your goals, no matter how late you are in the game. I don’t care if all you can afford is $25 a month to start investing. Pick an online broker and get an account open if you don’t have one already. If you’re employed, set up an IRA and fund it with the maximum contribution you can make every year. And if you have kids, get a Coverdell Education Savings Account started for each of them and fund those as well. If your employer matches your 401k contributions, then do that too! Do whatever you can to make it happen. In time, you’ll look back …

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Canadian Resource Trio: Ben Graham Value Buys?

Canadian Resource Trio: Ben Graham Value Buys?

Filed under: Newsletters , Barrick Gold (ABX) , Canada , Commodities , Stocks to Buy “The Canadian economy performed much better than the U.S. economy during the past two and a half years,” says J. Royden Ward . The editor of Cabot Benjamin Graham Value Letter explains, “We believe many outstanding buying opportunities still exist and investors should continue to buy undervalued Canadian stocks.” Here, he looks at a trio of Canadian-based resource plays: Barrick Resources ( ABX ), Pan American Silver ( PAAS ), and Teck Resources ‘B’ ( TCK ). Continue reading Canadian Resource Trio: Ben Graham Value Buys? Canadian Resource Trio: Ben Graham Value Buys? originally appeared on BloggingStocks on Wed, 12 Jan 2011 10:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Dividend Stock Leaders for the Week of Jan.3-7 (WYNN, POT, BAC, FDO, NEM, TGT, more)

Here are some of the biggest dividend stock winners and losers from the week that just ended. Company Fri. Close Weekly % Change Dividend Yield Wynn Resorts ( WYNN ) $118.73 +14.34% 0.84% KB Home ( KBH ) $15.25 +13.05% 1.64% L-3 Communications Holdings Inc. ( LLL ) $78.23 +10.98% 2.05% Moody’s Corporation ( MCO ) $29.29 +10.36% 1.57% D.R. Horton Inc. ( DHI ) $13.02 +9.14% 1.15% Potash Corporation Of Saskatchewan Inc. ( POT ) $166.92 +7.81% 0.24% Bank of America Corporation ( BAC ) $14.25 +6.82% 0.28% Newmont Mining Corporation (holding Company) ( NEM ) $56.89 -7.39% 1.02% Barrick Gold Corporation ( ABX ) $49.10 -7.67% 0.98% Macy’s ( M ) $23.31 -7.87% 0.86% Agnico-Eagle Mines ( AEM ) $70.43 -8.17% 0.91% Target Corporation ( TGT ) $55.05 -8.45% 1.82% AngloGold Ashanti Ltd. ( AU ) $44.82 -8.96% 0.33% Guess? Inc. ( GES ) $42.67 -9.83% 1.87% Pan American Silver Corp. ( PAAS ) $36.79 -10.73% 0.27% Family Dollar Stores Inc. ( FDO ) $43.90 -11.69% 1.41% Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Barrick Gold (NYSE:ABX) PT Boosted by Barclays on Gold Price Updates

Barclays (NYSE:BCS) has been commenting on the gold mining and mining sector today, and for gold miners like Barrick Gold (NYSE:ABX), they’ve moved their earnings and price target based on updated gold price assumptions. Barclays said, “Our earnings model now reflects marked-to-market gold prices for 4Q 2010 and updated gold price assumptions for 2011-2014. Based on these assumptions, our new 12

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Market Wrap-Up for Jan.4 (NEM, ABX, AEM, DIS, MCD, YUM, COH, more)

We have not had much red on the screen to complain about in months and with the financial media parading out bullish prognosticators one after another, we actually could be setting up for a pullback. The market has certainly been over-bought for a while and I have been clamoring for a bit of a pullback so our subscribers can get in on some high-quality dividend names at even better prices. Our watchlist for new possible additions to our recommended list continues to grow, and that is a good sign for the markets overall. Investors need to remember to scale into positions so that there is no worry that if a stock drops after one takes a position, unnecessary panic ensues. For many that are subscribers to our service, the goal is to build wealth and a new income source. This will not be a 40-yard dash, but instead it should be a steady jog. The idea is to consistently make money available that can go to work for you. Here’s an example of the beauty of compounding interest that dividend stocks can provide: investing just $3000 into dividend-paying stocks over the course of 5 years and re-investing the dividends over the course of 56 years, will grow to over $1 million (Based on historic 11% annual returns). Now most people may not be thinking that far out, but when you think about only having invested $3K to get to that total, what could you do when you commit to putting more money to work, and doing it year after year? Check out the link below to our Compounding Returns Calculator and have some fun plugging in different numbers and you will certainly see what I am talking about. Looking at the market

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Barrick Gold (ABX): The Best Bet Among Senior Gold Miners

Barrick Gold (ABX): The Best Bet Among Senior Gold Miners

Filed under: Newsletters , Barrick Gold (ABX) , Commodities , Stocks to Buy “In my view, the best value in gold miners is the senior producers, and the best investment from that class is Barrick Gold ( ABX ),” says Ian Wyatt . The editor of Top Stock Insights explains, “This company will benefit over the next few years from its high quality diversified portfolio of assets which includes around 140 million ounces of gold reserve. “It’s not a particularly fast growing company, but it’s got the bull market in gold going for it. Additionally, it has a number of projects it can build and most importantly the capital to begin construction. Continue reading Barrick Gold (ABX): The Best Bet Among Senior Gold Miners Barrick Gold (ABX): The Best Bet Among Senior Gold Miners originally appeared on BloggingStocks on Fri, 17 Dec 2010 10:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Market Wrap-Up for Dec.16 (FDX, ABX, DFS, V, MA, WYNN, SBUX, more)

There was an interesting story out today talking about how Bill Gross’s $250 billion PIMCO Total Return Fund may be investing 10% of its assets in equity securities in 2011 — and has seemingly turned a lackluster market right back up. Gross, the so-called “bond king,” has grown much less bullish on bonds, but has been on record in some of his recent newsletters that he likes income plays such as dividend stocks for long-term investors. We sent out our Thursday “Dividend Top 100 Names on Our Watchlist” post this morning. Each Thursday we look at our various proprietary watchlists and sort through the names that are trading at or near all-time highs and put them in a list to share with all our Premium subscribers. Outside of looking for names that we feel are becoming a real bargain, this list is what we are using to find our next recommendations. Of course, the stocks on this list that have low or minimal dividend yields would only be suited for “aggressive” investors who are seeking growth over yield. I hope everyone checks it out! There appeared to be a bit of rotation out of gold today going on with mining plays Agnico-Eagle Mines ( AEM ) and Barrick Gold ( ABX ) both getting hit hard, along with gold prices. On the earnings front, Discover Financial Services ( DFS

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Barrick (NYSE:ABX), Goldcorp (NYSE:GG), Newmont (NYSE:NEM) as China Increased Gold Imports

The broader gold market today was soaring up till about noon, as news China has significantly increased its gold imports over the last year caused most gold miners, including large-caps Barrick Gold (NYSE:ABX), Goldcorp (NYSE:GG), and Newmont Mining (NYSE:NEM) to make nice upward moves, although as happens many times, speculators moved in and out of the market in that time frame and gold prices

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Market Wrap-Up for Nov.30 (JPM, BAC, GS, MRK, ABX, FDX, more)

There was lots of market trepidation once again today in regards to the European debt situation, but investors should not overlook the potential debt time-bomb that is ticking here in the U.S. Recent data I read from the Office of Management and Budget, US FY2011 White House Budget, and European Commission Eurostat highlighted some scary figures. The data revealed total US government debt as a percentage of GDP tallied 94 percent in 2010, which is not that much better than recently bailed out Greece, where debt as percentage of GDP reached 115 percent last year. I would hate to think what a U.S.-led rescue package could cost and what effect this could have on the global economic situation. This is something we are not taking our eyes off as we navigate through the daily ritual of identifying trends that can influence what companies we want to stick with on our recommended list, new names that could be added, and stocks that we prefer to head back to the the sidelines with. As the U.S. looks to tighten its belt, we are seeing proposals that could have a significant impact on what workers can expect when it comes time to retirement. The bipartisan National Commission on Fiscal Responsibility and Reform has pitched several Social Security initiatives to save the system from possible extinction, including raising the retirement age and gradually increasing the “taxable maximum” – or the maximum amount of earnings subject to Social Security payroll taxes &#…

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