Posted February 9, 2010 at 12:16 am
From MineWeb.com:
Deutsche Bank started coverage of four North American gold companies, favoring those that have higher free cash flow, and said U.S.-based Newmont Mining (NEM.N) was its top pick in the sector.
The brokerage sees gold averaging $1,150 an ounce in 2010 and $1,250 per ounce by 2011, and said institutional investment in the sector remains strong.
Analyst Jorge Beristain, who started Newmont and Canada-based Kinross Gold (K.TO) with “buy” ratings, said “growth versus value” was the key trade-off for North American gold equities, which could offer leverage and optionality as compared to gold.
The analyst also started Canada’s Barrick Gold (ABX.TO) (ABX.N) and Goldcorp Inc (G.TO) (GG.N) with a “hold” rating.
“On both valuation and free cash flow yield Newmont appears the cheaper alternative vis-a-vis Barrick, while Kinross trades at a substantial discount to Goldcorp,” Beristain added.
(Reporting by Gowri Jayakumar in Bangalore; Editing by Anil D’Silva)
Filed Under: Investing
Category Feed:
To get an emailed digest of all posts, join our free Wealth Wire News Feed
Posted February 8, 2010 at 10:43 pm
by Jim Sinclair:
I doubt there has ever been a time in financial history when there has been challenges of this magnitude.
This is not business as usual in any form.
>> When have financial meetings been so top secret?
>> When has the military cordon off financial meetings?
>> When have F-18s, F-22s and French Rafales provided air support (as the Swiss did for the Davos seminar) for two central bank meetings in the last few weeks as the USA and Australia did?
Don’t accept terrorism as an excuse for everything that remains unexplained. There are so many lies and so much misinformation out there that the task of figuring out what is real is a daunting task.
I implore you to go for safety in everything you do. How can you go wrong hunkering down?
Do not [over] speculate.
You cannot out trade these people nor can you read their intentions by charts. Both are impossibilities.
Do not deal on borrowed money. Secure you and yours. Take delivery of your precious metals and share certificates.
We are in unchartered seas of international financial turmoil. The mega rich have no loyalty to anyone or anything.
I know some of them, made one of them from scratch, and I assure you would put their mothers in a microwave for the right price. This is a financial world war taking place behind top secret meetings that are deciding our fate while not even knowing they are out of control.
I can’t change this but I can do my best to protect you.
Respectfully,
Jim
Jim Sinclair is the Chairman and CEO of Tanzanian Royalty Exploration Corporation (TRE: Altanext NYSE platform, TNX: Senior Toronto Stock Exchange).
He is a precious metals and commodities specialist. Some of the highlights of his nearly 50 year career include the founding of Sinclair Group of Companies (1977), which offered full brokerage services.
Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volcker. He was also a General Partner and Member of the Executive Committee of two New York Stock Exchange firms and President of Sinclair Global Clearing Corporation and Global Arbitrage .
He has authored numerous magazine articles and three books dealing with a variety of investment subjects. He is a regular speaker at various commodities related events.
In January 2003, Mr. Sinclair launched, “Jim Sinclairs MineSet,” which now hosts his gold commentary and is intended as a free service to the gold community.
Filed Under: Investing
Category Feed:
To get an emailed digest of all posts, join our free Wealth Wire News Feed
Posted February 5, 2010 at 11:40 pm
From Resource Investor:
2010 is the Year of the Tiger in the Chinese zodiac calendar. And that has been the epitome of the Chinese economy for the last decade. In particular, the Chinese have been pouncing on natural resource assets around the globe to keep their incredible growth curve intact.
One of their most recent purchases – a nickel play in Quebec – could signal an opportunity for investors in a nearby play as well…
Filed Under: Investing
Category Feed:
To get an emailed digest of all posts, join our free Wealth Wire News Feed
Posted February 4, 2010 at 1:10 pm
by John Carney:
Via BusinessInsider.com
Nassim Nicholas Taleb, speaking at a conference in Moscow earlier today, said that shorting Treasuries is a “no brainer.”
Due to the policies of the Obama administration and Fed Chair Ben Bernanke, “every single human being” should bet U.S. Treasury bonds will decline.
“Every single human being should have that trade,” Taleb said.
[ Editor’s Note – For the best way to do this, login to your members area, if you’re not already, and read the content page titled: “How to Short The U.S. Government.”
Filed Under: Investing
Category Feed:
To get an emailed digest of all posts, join our free Wealth Wire News Feed
Posted February 3, 2010 at 7:14 pm
by Aamar Shehzad:
Via TradingMarkets.com
What separates the 10% that make money from the 90% that don’t?
1. 10,000 hours
In his recent book Outliers: The Story of Success, Malcolm Gladwell describes the 10,000-Hour Rule, claiming that the key to success in any cognitively complex field is, to a large extent, a matter of practicing a specific task for a total of around 10,000 hours. 10,000 hours equates to around 4hrs a day for 10 years.
For some reason most people that ‘try their hand’ at trading view it as a get rich quick scheme. That in a very short space of time, they will be able to turn $500 into $1 million! It is precisely this mindset that has resulted in the current economic mess, a bunch of 20-somethings being handed the red phone for financial weapons of mass destruction.
The greatest traders understand that trading much like being a doctor, engineer or any other focused and technical endeavor requires time to develop and hone the skill set. Now you wouldn’t see a doctor performing open heart surgery after 3 months on a surgery simulator. Why would trading as a technical undertaking require less time?
Trading success, comes from screen time and experience, you have to put the hours in!
Filed Under: Investing
Category Feed:
To get an emailed digest of all posts, join our free Wealth Wire News Feed
Posted January 30, 2010 at 7:54 pm
by Chuck Butler
Editor, The Currency Capitalist
If you have been reading FX University Daily lately, then you already know that we’ve seen a major dollar rally in January. In fact, the world’s biggest hedge funds have been buying up the main dollar fund (NYSE:UUP) like there’s no tomorrow.
The primary reason for the dollar rally?
It’s because we’re finally seeing a long overdue correction in stocks and commodities. As a result, traders are dumping their riskier assets and rushing for what they consider the relative safety of the dollar.
(Remember, the dollar’s status as world reserve currency may be up for debate, but it’s not gone yet…so any bad news for stocks still equals great news for the dollar in the short-term.)
As a result, all major currencies have pulled back against the dollar over the last month. In other words, all major foreign currencies are now on sale!
Just like with stocks, the best long-term investors always buy assets when they’re undervalued. You want bargains – not overbought assets.
For currencies, you want to buy when the dollar is temporary stronger, so long-term you have the opportunity for more gains. It’s also a great time just to hedge your long-term dollar exposure with a few currency plays.
[ Editor's Note: For the bes way to play and profit from the USD rise, login to your Wealth Vault members area and click on the WVA Notices link from the News Desk ]
Filed Under: Investing
Category Feed:
To get an emailed digest of all posts, join our free Wealth Wire News Feed
Posted January 28, 2010 at 9:25 am
By: Forrest Jones
via NewsMax.com
Editor’s Note – to learn the best way to profit from this very contrarian prediction, login to the Wealth Vault (if you’re not already logged in), click on the ‘WVA Alerts’ link from the News Desk, and then read about our January 4th trade.
Japanese stocks will be the best investment among the world’s biggest markets during 2010, says Byron Wien, vice chairman of Blackstone Advisory Services and former chief market strategist for the Pequot Capital Management hedge fund.
Stock prices are low and the economy is improving in Japan, which is good news for companies there, Wien tells Bloomberg.
“I would definitely start buying now,” Wien says.
“Everybody who could sell Japan has sold Japan. Everybody is on one side of the boat. My view is that we have a pretty good chance of having this one be the best of the major industrialized markets. It’s not a boom, but things are getting better.”
The yen, meanwhile, has weakened from record highs, which makes Japanese exports more competitive.
The Japanese government recently issued a report saying that it had not changed its assessment of the economy although Tokyo did remove foreign exchange and stock-price volatility from a list of risks it is watching.
Filed Under: Investing
Category Feed:
To get an emailed digest of all posts, join our free Wealth Wire News Feed
Posted January 26, 2010 at 3:13 pm
by Whitney Tilson & John Heins:
Contributing Editors, Kiplinger’s Personal Finance
In his classic book The Money Masters, John Train recounts how just after the start of World War II, a young John Templeton placed an order to buy $100 worth of every stock that traded on a U.S. exchange for $1 per share or less. After the broker reported that he’d bought every such stock except those of companies in bankruptcy, Templeton replied: “I want them all. Every last one, bankrupt or not.”
Once all the orders were executed, Templeton owned shares in what Train calls a junk pile of 104 companies (34 of them in bankruptcy) for a total of about $10,000. Convinced that war would pull the U.S. out of the Great Depression, Templeton had bought the market’s most neglected shares, betting that they would gain the most. After holding the stocks for an average of four years, Templeton eventually sold all of them for more than $40,000, cementing his status as a classic contrarian investor. His oft-repeated quote on the subject: “It is impossible to produce superior performance unless you do something different from the majority.”
Filed Under: Investing
Category Feed:
To get an emailed digest of all posts, join our free Wealth Wire News Feed
Posted January 25, 2010 at 11:34 am
Filed Under: Investing
Category Feed:
To get an emailed digest of all posts, join our free Wealth Wire News Feed
Posted January 22, 2010 at 6:14 pm
by MarketFolly.com:
We’re back with the next installment of our book review series and today we want to give you a look at Stephen L. Weiss’ new book, The Billion Dollar Mistake: Learning the Art of Investing Through the Missteps of Legendary Investors. As the title implies, the book teaches you to learn from mistakes. And in particular, it teaches you to learn from the mistakes of some of the greatest investors out there.
Let’s face it, there are many great books out there on the topic of an investor’s greatest scores. One of our favorites is The Greatest Trade Ever as it details John Paulson’s big bet against subprime. We mentioned in our review of that book that we could not put it down and read it all in one sitting. Well, we can now say the same about The Billion Dollar Mistake. It was that entertaining.
While success stories make for good reads, Weiss’ book goes a step further by teaching you practical and valuable lessons that you can immediately implement into your own investment process.
Winning investments make you money. Losing investments teach you unforgettable lessons. Flowing like a novel, The Billion Dollar Mistake is a series of narratives detailing the mistakes of legendary investors Leon Cooperman, David Bonderman, Kirk Kerkorian, Bill Ackman, Aubrey McClendon, Nick Maounis, Richard Pzena, Geoff Grant, Chris Davis, and Adolf Merckle.
Weiss’ book focuses on many lessons including:
Filed Under: Investing
Category Feed:
To get an emailed digest of all posts, join our free Wealth Wire News Feed
Stay connected to the pulse of Renegade Investing & Wealth Generation
Subscribe to our email wire and receive hand- picked DAILY-updated financial, investing, and economic news that is usable, unique, and timely.
Find Out More
or sign up below
Loading ...
Add Your Comment | 0 Comments