gold

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Last month was certainly tough for gold. In fact, it was the worst January in about 20 years.

But as usual, there were many investors who thought that this was the end of the bull run. Hasn’t gold risen for ten straight years? Isn’t it time for a bear market?

Well, the fact is that corrections are normal, even for gold. And there is no reason to believe that the recent fall-off is yet another example.

Continue reading Investors Make a $102 Billion Bet on Gold

Investors Make a $102 Billion Bet on Gold originally appeared on BloggingStocks on Tue, 08 Feb 2011 14:00:00 EST. Please see our terms for use of feeds.

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Analyst Upgrades

  • Valero Energy (VLO) to outperform from perform at Oppenheimer.
  • Changyou.com (CYOU) to overweight from equal weight at Morgan Stanley.
  • Albermarle (ALB) to overweight from neutral at JPMorgan.
  • ICU Medical (ICUI) to buy from neutral at Roth Capital.
  • Check Point (CHKP) to outperform from market perform at Bernstein.
  • FMC Corporation (FMC) to buy from neutral at BofA/Merrill.
  • Rangold Resources (GOLD) to neutral from sell at Goldman.
  • Global Cash Access (GCA) to buy from hold at Duncan-Williams.

Continue reading Analyst Calls: CHK, CHKP, DISCA, FMC, GOLD, OC, PCL, RRC, SNI, VLO …

Analyst Calls: CHK, CHKP, DISCA, FMC, GOLD, OC, PCL, RRC, SNI, VLO … originally appeared on BloggingStocks on Tue, 01 Feb 2011 12:00:00 EST. Please see our terms for use of feeds.

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The market is getting gently hammered today, but that only presents more opportunities from my perspective.

I am in Ixtapa, Mexico, nearing the conclusion of my first ever week long rest during a 35 year working career… and counting. In some ways I am hoping to mold my future working environment from seashore to shining seashore — all around the world — taking advantage of modern technology. I am thinking of it as “have beach (+Internet), will travel.”

A significant part of the week has been spent enjoyably reading which, leads me to my first recommendation. The Warren Buffett best selling biography by Roger Lowenstein: Buffett — The Making of an American Capitalist, which is a must read.

Continue reading Chasing Value: Profiting from Ixtapa – Buffett, Gold, Oil, Options and More

Chasing Value: Profiting from Ixtapa – Buffett, Gold, Oil, Options and More originally appeared on BloggingStocks on Fri, 28 Jan 2011 17:30:00 EST. Please see our terms for use of feeds.

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There are a lot of conflicting trends at work in the gold market. Gold does well amid crisis situations and inflation prospects. Both of these factors are abating, at least for the time being. Portugal has had a successful bond offering, raising hopes that the Eurozone will be able to withstand its crisis and preserve the euro.

In China, where inflation is worrisome, the government raised China’s lenders reserve requirements. Markets in Asia and Europe sold off following this move.

In the US, markets are holding firm on good profits from Intel and JP Morgan Chase. As yo can see this is a mixed bag.

Continue reading Gold Falls $25 per Ounce

Gold Falls $25 per Ounce originally appeared on BloggingStocks on Fri, 14 Jan 2011 15:30:00 EST. Please see our terms for use of feeds.

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