SocialPicks Sentiment:
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This Quarter's Sentiment:
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SocialPicks Community
outperforming inflation
ABX
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+24.35%
in
12 days
see my post on RGLD to have a more detailed write up. same chart pattern, same sector, both companies unhedged to the short side.
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NY session does it again
ABX
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+4.20%
in
23 days
(closed on 10/07/09)
i expected some more resistance from gold cappers. it's ok, i don't expect it to be a big down move, so i'm just holding onto my small position here. I'll look to buy more as we get lower in price.
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Barrick Gold unhedging short position
ABX
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+0.56%
in
5 days
(closed on 09/14/09)
This is quite good news despite market action today. For several years now i've mentioned that gold would be on it's way to and beyond $1000/oz. Apparently Barrick believes this too and has decided to unhedge their position on their gold.
Very good weakness here this morning, It came a bit lower than i had expected it to this morning. Buying down until $33.
gold should be breaking $1000/oz very soon. buy and hold is my recommendation for this guy. Barrick will be looking good like the rest of the precious metals sector this fall/winter season.
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New Index of Highly Defensive Market Cap Leaders
ABX
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+36.51%
in
258 days
The ETF Innovators Highly Defensive Index contains 40 market cap leading companies which are based in either North America or Europe from the defensive industry groups (A-K) specified below. www.BioMedReports.com - Mike Havrilla (A) Mass Merchant Discount Retailer (1): Wal-Mart (WMT) <> <> (B) Consumer Staples (12): Coca-Cola (KO), Colgate-Palmolive (CL), Diageo (DEO), General Mills (GIS), Danone (GDNNY), Kraft Foods (KFT), Nestle (NSRGY), PepsiCo (PEP), Philip Morris International (PM), Procter & Gamble (PG), Reckitt Benckiser (RBGPF), Unilever (UN) <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>< />...
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Create Your Own Highly Defensive ETF
ABX
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-12.69%
in
35 days
(closed on 02/25/09)
Create Your Own Highly Defensive ETF The table at my website link below contains 35 companies included in the ETF Innovators [ETFI] Highly Defensive PerformIdex which are based in the U.S., Canada, and Europe with market caps over $10B that are the leaders by market cap in their defensive industry groups. The index includes 23 consumer staples and healthcare companies, with the remaining 12 companies chosen from a variety of other defensive industry groups. <> (A) Mass Merchant Dis...
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From the Blogosphere
No Inflation Problem – Analyst Blog
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Analytically, there are three components to an interest rate. The first is the risk that the money will not be paid back. This is a very big factor when dealing with corporate bonds, especially junk bonds. For the U.S. government's obligations, as the owner of a nice shiny printing press that can always be turned on to pay back any obligation denominated in dollars, that part is assumed to be zero.
The second part is expected inflation. After all, if you decide that you want to consume something later, rather than today, and thus decide to save and invest your money, you want to be sure the ...
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Goldcorp’s Profit Doubled – Analyst Blog
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Leading gold producer, Goldcorp’s (GG) adjusted net profit in the third quarter of 2009 more than doubled to 19 cents from last year’s 9 cents on higher gold prices and lower cash costs per ounce of gold. Reported earnings were also higher than the Zacks Consensus estimate of 15 cents.
However, on a GAAP basis, net earnings dropped 62% to 16 cents from 42 cents in the previous year due to a foreign exchange loss of $28.1 million. Revenues were up 25% to $691.9 million from $552.2 million in the previous year driven by a 12% rise in average realized prices to $968 per ounce from $865 p...
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Another Growth Spurt for Silver Wheaton
Following up on a previous article discussing the Pascua-Luma deal with Barrick Gold (ABX), more good news keeps rolling in, but this time through a few streams previously in their pipeline. Aside from continuing to seek out additional acquisitions ( which they will succeed in doing yet again), they have the rights to purchase considerable portions from one of the largest undeveloped silver mines. <>1) The Navidad project (Argentina), currently under construction by Aquiline Resources, is among the top 5 undeveloped silver mines in the world. It is comprised of seven zones, one of which Silver...
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Eldorado Gold: A Cost-Effective Way to Move Into Gold
This morning traders on the NYSE were greeting with the executives from the Eldorado Gold Corporation (EGO) starting the session with the opening bell. It marked EGO’s move from the AMEX listing to the NYSE. The stock is up just slightly over interest generated from this move Thursday, even as gold moves .5% lower to $1059. Does this move also symbolize EGO’s desire to play with the big boys of gold production: Barrick Gold (ABX) Kinross Gold (KGC) and GoldCorp (GG)? Not quite. <><>The move does give them access to cheaper capital that they can use to buy out their competitors. With gold ...
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Analyst upgrades, downgrades and initiations: AMR, DT, HOG, JBLU, LULU, VLO ...
Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations  Analyst upgrades:
<> JPMorgan upgraded Barrick Gold (NYSE: ABX) and Goldcorp (NYSE: GG) to Overweight from Neutral following its gold valuation analysis. The firm set a $54 price target on Barrick shares and a $47 price target on Goldcorp shares. Thomas Weisel upgraded EMC Corp. (NYSE: EMC) to Overweight from Market Weight and raised its target to $24 from $15, citing the company's improving end market demand, competitive position, and valuation. <>Barclays upgraded AMR Corp. (NYSE: AMR) to Overweight fr...
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