BARRICK GOLD CORP.
Commented by Stefan Feulner on September 27th, 2022 | 13:47 CEST
Barrick Gold, Tocvan Ventures, Newmont, Glencore - Long-term positioning in gold makes sense
The FED's recent interest rate hikes and Chairman Jerome Powell's statement sent both equity and precious metals markets into the valley of tears. By all means, the monetary guardians want to curb rampant inflation. Whether this will succeed seems at least questionable. After all, it should not be forgotten that this would put an end to the already sputtering engine of the global economy. In addition, many already highly indebted countries are falling into ever greater problems due to higher interest payments. Thus, it is time to take a long-term, anticyclical position in the precious metals sector.
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Commented by Armin Schulz on September 19th, 2022 | 12:13 CEST
Barrick Gold, Desert Gold, Newmont - Eyes are on the FED
On Wednesday, September 21, the FED is expected to raise interest rates again. After the poor inflation rates in the past week, the fear of a large interest rate step of 100 basis points is going around. The indices reacted immediately and priced in the possible rate hike. So did the gold price, which has been suffering from rising interest rates and the strong dollar for weeks anyway. It does not help that gold has long been considered a hedge against inflation. The precious metal cannot currently take on this function, but that could change if the expectation of Stanley Druckenmiller, a billionaire and former hedge fund manager, is correct that the stock markets will hardly yield any returns in the next 10 years. So today, we look at three gold companies.
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Commented by Stefan Feulner on September 16th, 2022 | 10:42 CEST
Barrick Gold, Desert Gold, MicroStrategy - Catch a falling knife!
The recently published inflation data from the US sent not only the stock markets into the basement. Even the oil price, which has been bullish of late, went down. Precious metals, as well as cryptocurrencies, suffered the most from the inflation shock. With the US Federal Reserve meeting next week and the expectation of a significant interest rate step, new lows for the year could be marked for these two assets in particular, and a further sell-off could occur. However, it seems unlikely that further major interest rate hikes will take place in the medium term, as this would tend to favor a hard landing of the global economy. Thus, with an anti-cyclical entry, the chances of long-term price gains increase.
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Commented by Carsten Mainitz on September 8th, 2022 | 14:10 CEST
Barrick Gold, Barsele Minerals, Nordex - This will now be important
The strong US dollar, rising US yields and increasing fears of further major interest rate hikes are weighing on the precious metals markets. In this context, the precious yellow metal is facing an important test. Thus, the USD 1,680.59 per troy ounce gold mark is a prominent support level. If the low for the year is broken, there is a threat of a further drop to the region around USD 1,620 per ounce. In the long term, this level should serve as an entry level because containment of inflation through further interest rate steps can hardly be assumed in the current situation. This results in timely anticyclical entry opportunities in selected producers and exploration companies.
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Commented by Fabian Lorenz on September 7th, 2022 | 13:29 CEST
Commodity shares K+S, Barrick Gold, Manuka Resources: Gold price at 50,000?
The price of a troy ounce of gold rises to USD 50,000. This scenario is probably the dream of every gold bull and also for companies like Barrick Gold and Manuka Resources. John Butler has proclaimed this price target. The Head of Treasury of TallyMoney and author of The Golden Revolution has described the scenario to reach this price target in an interview. The prerequisite is that the world moves to a gold standard monetary system. And this is not as unlikely as one might think because the economic dominance of the USA has been declining for years, and the BRICS countries are reportedly already working on a reserve currency. K+S is also currently under pressure. Price targets of analysts differ significantly.
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Commented by Nico Popp on September 6th, 2022 | 12:54 CEST
Electricity price brake and "Lehman Moment" - Barrick Gold, MAS Gold, Standard Lithium
The German government plans to spend around EUR 65 billion on the third energy aid package. But how big the total package will end up being is unclear. Above all, the intervention in the electricity market is "incalculable," according to economist Michael Hüther. Will this result in a new "Lehman moment"? We focus on the risks of the aid package and shed light on how investors can respond.
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Commented by Armin Schulz on August 26th, 2022 | 12:59 CEST
Precious metals producer Manuka Resources facing transformation, what are Barrick Gold and Newmont doing?
The precious metals gold and silver were able to start a rally with the beginning of the Ukraine crisis. With high inflation rates, gold was supposed to be the safe haven, but the strength of the US dollar and interest rate hikes pushed the gold price back down. Additionally, according to Wirtschaftswoche, Ukraine sold USD 12.4 billion worth of gold, more than the country officially owned. However, since gold bounced up at the important USD 1,680 level and was also able to break the downtrend line, now might be the time for gold. Today we look at the two big players, as well as an emerging precious metals producer.
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Commented by Juliane Zielonka on August 19th, 2022 | 10:45 CEST
Profit opportunities with Bed Bath + Beyond, Desert Gold Ventures, Barrick Gold
Analysts see gold prices rising as more geopolitical conflicts escalate. Whether it is Ukraine or Taiwan, investors are shying away from risk and taking refuge in the precious metal. The FED will likely continue to take massive action against high inflation, which can weaken the gold price in phases. Alternatively, investments in explorers like Desert Gold may pay off after intense scrutiny. Initial results from exploration areas in Mali are proving successful. Top dog Barrick Gold is struggling with slight setbacks and is expanding its market position through cooperations. A real gold rush is also currently occurring in the meme shares. AMC and GameStop have a new colleague: Bed, Bath & Beyond. Countless small investors are conspiring on online forums for the perfect timing to buy the stock, pumping up the price. Since July, the furniture retailer's share price has risen 400%. Behind it all is a Canadian mind with a big plan...
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Commented by Stefan Feulner on August 15th, 2022 | 12:26 CEST
Long-term bottom reached? - Barrick Gold, Manuka Resources, Newmont
In 2022, a stock market year characterized by geopolitical uncertainties and major inflation concerns, investors were definitely wrong if they followed the old stock market adage "Sell in May and go away". Although the German stock market barometer DAX only marked a new low for the year of 12,385 points in July, it has since risen steeply by around 1,500 points. The precious metal gold was also able to turn around after a successful test of the critical support zone at USD 1,680 per ounce and set off for new highs after breaking through the USD 1,800 mark.
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Commented by Nico Popp on August 10th, 2022 | 13:40 CEST
Gold? What matters is what you make of it: Barrick Gold, Desert Gold, Amazon
"Perfect time to buy gold?" That was the question posed by Handelsblatt a few days ago while at the same time providing good arguments for the precious metal. Although the interest rate turnaround could once again weigh on gold in the short term, the focus could then turn to the future. Experts believe that gold has opportunities again in the medium term. The experts at Goldman Sachs see the precious metal at USD 2,500. We explain how investors can invest in gold and whether there are other inflation investments.
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