Gold Mining

Bob Janjuah Sees a 10% Correction.

Bob Janjuah Sees a 10% Correction.

Here’s great video from Bloomberg with Bob Janjuah. In it Bob discusses what we have known all along: Without the helping hand of the Fed, the market would have ended the year much lower. Start to finish, Janjuah pretty much nails it. Related Articles: Government Run Amok: Unintended Consequences Trouble in Retail: Three Charts from the Frontlines How Uncle Sam Fiddles with the Figures Quantitative Easing For Dummies To learn more about Wealth Daily click here Advertisement History is About to be Made… As one tiny Nevada-based mining exploration company rewrites the rules on gold mining. And as the global economy gears up for what may be the biggest gold rush in history… Their timing couldn’t be better. Turn $1,000 into $108,000 with this once-in-a-lifetime gold investment. Bob Janjuah Sees a 10% Correction. originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Dead Presidents! – India Equity Research: 'Fear and Love Make Gold …

Filed in Bank Gold, Gold, Gold Mining, o, silver by on January 20, 2011 0 Comments

Junior gold mining companies, on average, returned roughly twice the gain of gold bullion , but some of those names were fairly silver rich, and we know how well silver did last year. In the scenario of a market sell-off, gold stocks are …

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Jon Stewart on the Nanny State

I found this one over on the Lew Rockwell Blog . They hate the Nanny State as much as I do. It’s by our old friend Jon Stewart. These days his show is the closest thing to what used to be known as an “investigative journalism”. Comedian or not….this guy nails it time after time….after time. It’s a funny way to end the week… The Daily Show With Jon Stewart Mon – Thurs 11p / 10c San Francisco’s Happy Meal Ban www.thedailyshow.com Daily Show Full Episodes Political Humor & Satire Blog The Daily Show on Facebook The sad part is that it’s true. Have a great weekend. Related Articles: Jon Stewart’s Big Bank Theory Jon Stewart on the Foreclosure Fiasco Jon Stewart’s “Nightmare on Wall Street” Jon Stewart’s Poorhouse Jon Stewart On 40 Years of Broken Energy Promises Jon Stewart’s “Nightmare on Wall Street” To learn more about Wealth Daily click here Advertisement The Next Gold Mining Breakthrough This tiny gold company is about to rewrite the book on mining exploration… And they’re doing it just in time to catch the biggest gold bull market in a generation. Make over 10,800% as this Nevada mining company breaks all the rules… and all the records. Learn more here. Jon Stewart on the Nanny State originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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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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Kinross Gold (NYSE:KGC), Harmony Gold Mining (NYSE:HMY), Yamana Gold (NYSE:AUY), Eldorado Gold (NYSE:EGO) Hammered Again on Down Gold Day

Kinross Gold (NYSE:KGC), Harmony Gold Mining (NYSE:HMY), Yamana Gold (NYSE:AUY) and Eldorado Gold (NYSE:EGO) took another hit Wednesday as gold prices ended in the negative, although much better than the last couple of days.The good news is some gold miners like Novagold (AMEX:NG), Ivanhoe (NYSE:IVN) and Iamgold (NYSE:IAG) all closed in the positive, and Ivanhoe has been positive even on some of

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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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China Gold Demand Soars

China Gold Demand Soars

The Chinese saw the writing on the wall over a decade ago. They realized the ultimate fate of the U.S. dollar and the fiat currency system. So in 2003, the government of China began an aggressive campaign to secure resources of gold. They began by increasing the country’s gold reserves. Since that time, the People’s Bank of China has added 21.2 million ounces to the country’s gold holdings. China now has the fifth largest national gold reserve, with over 1,054 tonnes in reserves. While boosting reserves, the Chinese government also began to deregulate the gold mining industry and invite foreign investment for the development of domestic resources. The measures were a runaway success; China is now the world’s largest gold producer with output increasing 70% in the past decade. Chinese government even began encouraging its 1.3 billion citizens to own gold. And today, the country has become the second-largest consumer of gold in the world. The government’s efforts to stimulate and expand the domestic gold market has been highly successful. Chinese citizens have embraced gold as true wealth in all economic seasons. And now new concerns over the future of the U.S. dollar and domestic inflation has prompted the Chinese to recently begin acquiring gold on a epic scale. China’s gold imports to jump 457% this year The Shanghai Gold Exchange recently revealed China’s gold imports jumped almost fivefold in the first 10 months of this year. And even though China is the world’s #1 producer, the country is expected to import 9.2 million ounces of gold this year as inflation concerns lifts investment demand. Consumer prices in China rose 4.4% in October— the fastest pace in two years — and above the government’s full-year target of 3.0%. The People’s Bank…

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Zillow: Another $1.7 Trillion to the Downside in Housing

Zillow: Another $1.7 Trillion to the Downside in Housing

My pal Charlie is as persistent as the sunrise. So when he called me last week to give me a hard time about my 2011 Housing Market Forecast the only surprise was it that took him so long. Twenty-four hours after it hit the web I saw Charlie’s number go up on line one. You see, a real estate agent by trade, he never misses a chance to call me an idiot when in his eyes I “bad mouth the American Dream” The result has been five-year running dialog in which I have bested him every single time. The guy is a glutton for punishment. So like a good pal I answer the phone anyway even though I know I’m in store for the rerun of my nightmares. “Steve,” he says, “you can’t be serious.” “As a heart attack,” I answer, “Like it or not dude there is still another 8-10% downside.” This obviously drove him to distraction since he must have forgotten the 100 or so conversations we already had that were exactly like this one. “Not a chance this time son. There has never been a better time a house”, he told me with what I can only guess was straight face. From that point on I knew I was just wasting my time again. The dude may have been great scrum-half but he didn’t know jack about the laws of supply and demand. In fact, I don’t think they actually teach that real estate school but I hear the Kool-aid is top notch. Meanwhile, the mountain of evidence against my friend continues to mount. From Bloomberg by By Hui-yong Yu entitled: U.S. Home Values May Drop by $1.7 Trillion This Year: Zillow “ U.S. home values are poised to drop by more than $1.7 trillion this year amid rising foreclosures and the expiration of homebuyer tax credits, said Zillow Inc., a closely held provider of home price data. This year’s estimated decline, more than the $1.05 trillion drop in 2009, brings the loss since the June 2006 home-price peak to $9 trillion, the Seattle-based company said today in a statement. The drop in home values pushed more buyers underwater, meaning they owe more on their mortgages than their homes are worth, Zillow said. The percentage of homeowners with so-called negative equity reached 23.2 percent in the third quarter, up from 21.8 percent at the end of 2009. “ With foreclosures near an all-time high in late 2010 and high rates of negative equity persisting, it does not appear that the first part of 2011 will bring much relief,” Stan Humphries, Zillow’s chief economist, said in the …

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Buy gold bullion or mining stocks? – Rob McEwen – Aandelen Beleggen

Filed in African Gold, Bank Gold, ceo, Gold, Gold Mining, Indonesian Gold, o, US Gold by on November 25, 2010 0 Comments

In this video, Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp explains that whether to buy physical gold bullion and/or gold mining stocks depends on your risk profile. He compares junior gold mining stocks with senior …

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Barrick (NYSE:ABX), Yamana (NYSE:AUY), Agnico (NYSE:AEM), Kinross (NYSE:KGC) Trading Up Today

Gold miners were mixed today, as gold prices today, while remaining somewhat level, weren’t inspiring on the day, and most gold mining stocks were flirting just above or beneath gains or losses. Barrick (NYSE:ABX), Yamana (NYSE:AUY), Agnico (NYSE:AEM) and Kinross (NYSE:KGC) were all trading in positive territory, but some were just barely hanging on. The usual concerns over China, EU sovereign

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Yamana Gold Triples Dividend Payment

Yamana Gold Triples Dividend Payment

Over the past several months, inflated revenues from high commodity prices have spurred a general trend of rising dividend payments in gold mining stock market. Nine of the world’s top ten gold mining companies have raised their dividend payments significantly in the past 12 months. Most recently, Yamana Gold (NYSE: AUY ) raised its dividend for the third quarter in a row as company profits nearly doubled, boosted by record gold prices. Yamana said that rising dividends reflect “robust and growing cash flows and cash balances.” The company, which has operations spread across Latin America, reported a third-quarter profit of $120.7 million (or 17 cents a share). This compares profits 12-months ago of $60.8 million (or 8 cents a share). Operating earnings rose to $157.9 million, from $71 million a year earlier. Excluding items, earnings were $118.9 million (or 16 cents a share). Overall, Yamana’s quarterly revenue rose 36% to $454.0 million. As a result, the company raised its quarterly dividend 50% to $0.03. Back in March, Yamana began increasing their dividend payment as the rising price of gold drove up revenue. Since that time, the company has increased its dividend by 200%. Yamana is currently paying a $0.12 (or 1.02% at current prices) annual dividend yield. The dividend boost now makes Yamana Gold one of the highest-yielding gold dividend stocks. As of right now, it is only one of four gold stocks that are paying an annual dividend of over 1%. In my recent report for Wealth Daily, titled The Definitive Guide to Gold Dividend Stocks , I give investors a current perspective of gold dividend stocks and reveal the other three gold stocks that are paying over 1% annual dividends. You can read this report

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Profit from Currency Wars

Profit from Currency Wars

Right now, the world is going through a massive economic re-balancing. The old idea that China will sell us stuff— while lending us the money to buy it — is unwinding. In fact Ben Bernanke has declared a currency war on China’s undervalued RMB. Good ol’ Ben says we can make the dollar cheaper than the Chinese yuan, and he aims to prove it. The Fed recently proclaimed its desire to create and buy $600 billion in U.S. Bonds. “The FOMC intends to buy an additional $600 billion of longer-term Treasury securities by mid-2011 and will continue to reinvest repayments of principal on its holdings of securities, as it has been doing since August,” said Bernanke. Ben is taking this approach because it works right up until it doesn’t. It worked after the past five bubbles popped, and it looks to be working this time. When Ben floated the idea of a $600 billion cash infusion, stock prices rose and long-term interest rates fell in anticipation. I know some of you will point out that the RMB is pegged to the dollar, and therefore the dollar can’t fall… But it does cause an inflation problem in China, which is a de facto re-balance. According to Bloomberg , “Over the past five years the real-estate prices have tripled. And as property makes up a third of living costs on average, this alone means the real yuan value has doubled.” Chinese Commerce Minister Chen Deming said as much in an interview on October 26th: “Uncontrolled” issuance of dollars is “bringing China the shock of imported inflation.” Chinese poor There are some downsides to printing more dollars. For example, easy money just creates the next bubble, and currency destruction doesn’t create wealth. China has been holding down its currency for years. It now has the world’s second largest economy; but in terms of per capita income, it ranks at 102 — right behind Turkmenistan, Algeria, and El Salvador. Clearly, an artificially low currency isn’t a path to prosperity… But it does lead to a boom in all asset classes. There used to be an inverse ratio of commodities to equities. When one went up, the other went down. In the 1970s, when gold was flying, stocks were dead in the water. In the 1980s, the reverse occurred. In the mid-2000s, when Federal interest rates fell, stocks went up, gold went up, housing went up, oil, uranium, copper— everything went up… This was a direct result of easy money. Now, due to 0.25% Fed interest rates and $600 billion in QEII, almost every asset will continue to go up — with the exception of your salary and your returns on your bank account. And to top it off, the U.S. isn’t alone. The rest of the world from Europe to Brazil is increasing the global money supply. The question isn’t whether low quality growth can work, because it does. Easy money and debt have funded the past twenty-five years of U.S. growth. The question is, How do you keep up with it? The tunnel of doom When I was a kid riding in…

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