BARRICK GOLD CORP.
Commented by Armin Schulz on November 8th, 2023 | 07:30 CET
Deutsche Bank, Globex Mining, Barrick Gold - Enthusiasm for gold is back
Despite several interest rate hikes, the price of gold has recently risen to over USD 2,000 again. Even though the latest increase coincided with the attack on Israel, this is unlikely to be the reason for it. Instead, the high demand from central banks is responsible for the steady gold price. Within the first 9 months, the central banks bought a whopping 800 tons of gold. That is a new record. The geopolitical tensions could also turn more and more private individuals into so-called gold bugs, who are making provisions for crises and assuming that gold will continue to rise in the long term. As the Fed has paused interest rates, this could give the gold price a further boost.
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Commented by Juliane Zielonka on October 31st, 2023 | 08:40 CET
Precious metals and digital currencies: Blackrock Silver, Barrick Gold and PayPal in the spotlight
The gold and silver markets are readily targeted as a "safe haven" by risk-conscious investors in times of ongoing geopolitical uncertainty. Gold is considered the preferred protection in uncertain times, while silver has so far been less in focus. Yet the precious metal is permanently used in crisis-proof industries, including dentistry, photovoltaics and nuclear energy. If you are an investor who likes to trade, there is no getting around digital payment provider PayPal. On November 1, the Company will report its Q3 2023 numbers. Several moves by the Californians may have positively impacted their business. One of them, the "Buy Now, Pay Later" feature, seems to be especially popular with consumer-oriented customers. But what exactly does that mean for the stock? Is it safer to invest in precious metals or behavioral finance-driven companies like PayPal?
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Commented by Stefan Feulner on October 19th, 2023 | 07:00 CEST
Barrick Gold, Blackrock Silver, Deutsche Rohstoff - The safe havens are booming
Once again, recent warlike events have been responsible for the positive developments in both precious metals and energy stocks. Since the terrorist act by Hamas on Israel, oil, as well as gold and silver, have increased in price by more than 5%. After the corrections of the past weeks, a new upward cycle, especially in precious metals, could be emerging.
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Commented by Fabian Lorenz on October 18th, 2023 | 06:50 CEST
Turnaround for Plug Power stock? Barrick Gold and Manuka Resources are also on the rise
Is this the turnaround for Plug Power? After all, the stock has gained about 20% in the past few days. Looking at the longer-term price chart of the hydrogen pioneer, this is only a small success, but at least it is a start. Barrick Gold's stock has also seen an upswing in recent days, and the outlook for the fourth quarter could give the gold company a further boost. The CEO of Australian resource company Manuka Resources has expressed optimism that the stock will soon reach higher prices. "For a company that is already producing gold and has two projects fully funded, we are extremely cheap at a valuation of AUD 25 million. So we should have seen the bottom," commented Dennis Karp at the recent IIF virtual investor conference. Where does this optimism come from?
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Commented by Stefan Feulner on August 16th, 2023 | 05:30 CEST
Covestro, Desert Gold Ventures, Barrick Gold - Waiting for the next push
Although crash prophets have been raising their fingers for months and conjuring up a crash in the largest stock indices, such as the Dow Jones, Nasdaq and DAX, these continue to rush from high to high. On the other hand, precious metals such as gold and silver, which are suitable for crises and as inflation protection, are correcting. At the same time, the general conditions continue to improve, which should lead to sustainably rising prices in the long term.
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Commented by Armin Schulz on August 2nd, 2023 | 09:30 CEST
Barrick Gold, Desert Gold, Deutsche Bank - Revolution through a new gold-backed currency?
As expected, last week, the FED and the ECB raised interest rates by 0.25% each in an effort to further fight inflation. The US dollar also showed strength. These factors are typically considered negative signals for the gold price, yet gold futures recently rallied and are preparing to test the all-time high. What could be the reason for this? One possible explanation could be the meeting of BRICS countries in Johannesburg from August 22 to 24. There are rumors that the participants want to introduce a new gold-backed currency to compete with the US dollar. Such a move could drive the price of gold to unprecedented heights. Additionally, many central banks have been increasing their gold purchases recently.
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Commented by Fabian Lorenz on July 14th, 2023 | 07:50 CEST
Bulls at the controls: Nel, Barrick Gold, Viva Gold! What about BASF?
Low inflation in the US has given new impetus to the bulls. Not only are growth stocks benefiting from the hope that the interest rate cycle is coming to an end, but also gold. Thus, the gold price reacted on Wednesday by jumping to over USD 1,960 per troy ounce. Top-tier gold stocks such as Barrick also responded positively. Exploration companies have significant catch-up potential, including Viva Gold. The Company is favorably valued and has again reported positive drill results. The fact that the interest rate cycle is nearing its end is also evident in the chemical industry. Most recently, BASF issued a warning, and there are sell recommendations. On the other hand, there are buy recommendations for the Nel share.
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Commented by Stefan Feulner on July 7th, 2023 | 07:20 CEST
Barrick Gold, Desert Gold Ventures, Newmont - Back on track
Weak job market data from the United States caused stock markets worldwide to enter the red territory and triggered massive sell-offs in the gold market, which was on the verge of breaking out of its short-term downtrend. These sell-offs, accompanied by high volume, temporarily brought the base price close to the USD 1,900 mark. A further short-term setback cannot be ruled out. In the long term, however, this asset class will likely start flying high again. Already at the current level, many companies are available at bargain prices.
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Commented by Armin Schulz on June 28th, 2023 | 07:20 CEST
Barrick Gold, Desert Gold, Lanxess - After setbacks, is now a good time to buy?
An old merchant's rule states: The profit lies in the purchase. This wisdom can also be applied to stock market trading. As an investor, waiting for a setback before buying is always advisable. This avoids the danger of entering at a high. After the start of the banking crisis, the gold price soared, and those who bought then are now at a disadvantage. With the recent decline in the gold price, there may be an interesting opportunity to enter the market again. We, therefore, take a look at two gold companies. Finally, we will analyze Lanxess, whose shares recently suffered heavy losses.
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Commented by Fabian Lorenz on June 22nd, 2023 | 07:30 CEST
After Lanxess shock, now time to invest in gold? Barrick, Manuka Resources, Evonik
Now into gold shares? The recent profit warnings from the chemical sector should not be underestimated. After all, chemicals are an important early indicator of a possible recession. Lanxess recently shocked the stock market with a profit warning. Before that, the British specialty chemicals producer Croda, among others, had already issued a warning. Are BASF and Evonik the next spoilsports? Analysts are becoming increasingly sceptical, and share price targets are plummeting. A recession would catch many investors off guard. Therefore, gold shares are worth a look again. Heavyweight Barrick is ailing on the chart but remains a solid investment. Manuka Resources has an interesting story. Investors are in for an exciting few months.
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