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Barrick Breaks Free Of Hedges

Thu, 03 Dec 2009 18:59:59 GMT

Canadian gold miner Barrick Gold Corp. (ABX) has eliminated its gold hedges and now has full leverage to the gold price on the industry's largest gold production and reserves. Barrick now expects to fully benefit from the rising gold prices.[More...]

Grab Some Northern Exposure With EWC

Wed, 02 Dec 2009 21:39:42 GMT

Emerging markets are captivating investors again, but tidy profits aren’t always far away. Placing your bets on well-established global markets can also prove rewarding. That's why we're looking at Canada.[More...]

Why Barrick Closed Their Gold Hedge

Wed, 02 Dec 2009 19:15:14 GMT

It sure looks like gold is going to close above $1,200 an ounce today in New York. And large open market purchases from central banks in China, India and Russia are only helping the price surge more. (Just one year ago, some of these same central banks were actually selling gold in an attempt to fill an annual 10,000-ton supply gap.)[More...]

Dubai Out: December In

Tue, 01 Dec 2009 17:21:13 GMT

On Monday, the Dubai crisis lost its grip on global markets. Risk aversion cooled down allowing US equities to close in positive territory as financials led a late advance on hopes that possible fallout for US banks will be contained. Earlier, the market was trading cautiously on news of Iran’s ongoing nuclear ambitions and their seizing of a UK yacht, while a better than expected Chicago PMI was countered by mixed holiday-shopping results which sparked concerns about consumer spending. Outperforming sectors were Reits +4.4%, Banks +3.6% and Airlines +3.4 while Hospitals (1.9%), Tobaccos (1.6%) and Retail (1.4%) underperformed. How long before we hear talk of a Santa Claus rally?[More...]

Barrick Gold Races Out Of Hedges

Tue, 01 Dec 2009 17:15:24 GMT

“Boosting gold this morning and commodity prices is Barrick eliminating hedges to fully take advantage of the rising gold prices.” — Squawk on the Street 12/1/2009 Gold is nearing yet another all time high price at around $1200 per ounce, as the dollar has weakened on Tuesday. In a bullish move, the world’s largest gold miner Barrick Gold (ABX) has completed the process of removing all hedges on their substantial gold production. We wrote about this bullish action when it was first announced back in September[More...]

Gold Mining Production Costs

Fri, 27 Nov 2009 17:11:48 GMT

Even at $1,200 an ounce, gold is still one of the safest investments you can make. That's because, unlike 99.9% of other investment vehicles, gold has an intrinsic and universal value that has supported a strong market price throughout human history.[More...]

Gold Likely To Reach $1,300 Soon Helping Newmont Breach $60

Wed, 18 Nov 2009 14:55:00 GMT

In the last few weeks, several research institutions have issued bullish outlook for the yellow metal. On September 9, I posted a bullish article on gold titled ‘Gold sets new 18-month high: How strong is the bull?.’ I have revised upwards my outlook on gold. Gold investors might be worried thinking if a bubble is building in gold prices. I don’t think any such bubble is building in that non-fiat asset.[More...]

All In The Search For Yield

Mon, 16 Nov 2009 18:49:27 GMT

A: I realize this is not a direct discussion of Manhattan real estate, but then again, when the ABX's started to plunge in the fall of 2007 that was also a topic I felt worth discussing as a sign that maybe a problem could be brewing in the secondary mortgage markets that could possibly signal a credit event and a stress to the banking system; a ripple effect that could and did ultimately hit out our markets. We have to continue to think outside the box and talk about the stuff that is not in the rear view mirror, but that may lie ahead of us and impact our markets.[More...]

Hedge-Fund Sells The SPDR Gold ETF To Buy Shares In The World’s Biggest Gold Producer

Mon, 16 Nov 2009 04:54:12 GMT

“Touradji Capital Management LP, the New York hedge-fund firm that oversees about $2.7 billion, bought 2.23 million shares of Barrick Gold Corp., the world’s biggest gold producer, while selling shares in SPDR Gold Trust, the largest exchange-traded fund backed by bullion,”[More...]

Goldman Sachs Updated Equity Holdings Analysis

Sat, 14 Nov 2009 22:38:16 GMT

The updated Goldman Sachs 13F is out. With 10,244 security holdings, amounting to $180 billion in gross exposure, split among 7 institutional investment managers (Goldman Sachs & Co; Goldman Sachs Asset Management; Goldman Sachs International; Goldman Sachs AG; Goldman Sachs Execution and Clearing; The Ayco Company; Goldman Sachs Trust Company), it presents an interesting picture of Goldman's core equity positions. The bulk of the security holdings are held at GS & Co. ($94.5 billion of market value), followed by Goldman Sachs Asset Management ($80 billion of market value). Furthermore, Goldman breaks down holdings based on value of Calls and Puts, in addition to underlying stock.[More...]

UPI NewsTrack Business

Thu, 26 Nov 2009 15:47:00 GMT

Dubai seeks debt payment deal
DUBAI, United Arab Emirates, Nov. 26 (UPI) -- A major government-owned investment company in Dubai, with total debts of $59 billion, has asked creditors for a 6-month payment delay, officials say.
Dubai World, hit hard by the global credit crunch and recession, also has appointed an accountancy group to help with financial restructuring, the BBC said Thursday.

: iStockAnalyst.com Symbols Feed

Barrick Breaks Free Of Hedges

Grab Some Northern Exposure With EWC

Why Barrick Closed Their Gold Hedge

Dubai Out: December In

Barrick Gold Races Out Of Hedges

Gold Mining Production Costs

Gold Likely To Reach $1,300 Soon Helping Newmont Breach $60

All In The Search For Yield

Hedge-Fund Sells The SPDR Gold ETF To Buy Shares In The World’s Biggest Gold Producer

Goldman Sachs Updated Equity Holdings Analysis

UPI NewsTrack Business

Canadian gold miners fight foreign bill

Atna Resources Reports Third Quarter 2009 Results

Equinox Q3-2009 Results show 15% Increase in Lumwana Copper Production and 77% Increase in Operating Profit

Silver Wheaton reports record attributable production, earnings and cash flows in the third quarter; Penasquito commences shipments of silver-bearing concentrates

New Gold Announces a 16% Increase in Production, 17% Decrease in Cash Cost in the Third Quarter 2009 and Enhanced Value for its El Morro Project

On the Call: Barrick Gold CEO Aaron Regent

Nevada Gold Mines Cash in As Consumers Flock to Metal: Some Calling for Additional Mining Taxes to Offset Other State Industries' Losses

EBay, McDonald's, Capital 1, Apple big movers

Barrick Gold to Nix Hedges, Float Offer

Barrick Completes Elimination of All Gold Hedges

Barrick Gold Sets Out Position on Bill C-300 and Provides Facts

Everton Amends Stock Option Plan and Retains Investor Relations Advisors

Rye Patch Arranges the Acquisition of Carlin Trend Gold Resources

Everton and Linear Define a New Gold-Copper Mineralized Zone in the La Lechoza Corridor on the Ampliacion Pueblo Viejo Project, DR-Drilling to Resume in Mid-November

Canarc Arranges CA$40,000 in Private Placement Financing

Golden Spirit Enters the Gold Mining Sector

Barrick Gold Announces Dividend

Andina Initiates Exploration on Acquired Barrick Property and 2009/2010 Field Season; Files NI 43-101 Report for 2009 Resource Update

Victoria Intersects Wide Gold Zone at Santa Fe of 309m Grading 2.25 G/T