NEWMONT CORP. DL 1_60
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 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 Armin Schulz on August 1st, 2022 | 13:05 CEST
Barrick Gold, Tocvan Ventures, Newmont - Gold stocks facing a renaissance?
The strong dollar has weighed on the gold price in recent weeks. However, the strength of the US dollar is rather a weakness of the euro. While the FED raised interest rates to fight inflation, the ECB hesitated. While the ECB recently raised interest rates by 50 basis points, it was 75 in the US. In addition, the energy crisis in Europe, especially Germany, is putting additional pressure on the euro. For US exports, this is not good news. Therefore, the markets gratefully accepted Jerome Powell's statements. The chairman of the FED wants to slow down the pace of interest rate increases. The gold price also jumped in response. We look at three companies that should benefit from a rising gold price.
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Commented by Fabian Lorenz on July 28th, 2022 | 14:39 CEST
Is Elon Musk making a move on Standard Lithium? News from Newmont and Tocvan Ventures
The sentiment of investors in lithium and gold stocks could hardly be more different at the moment. Shares such as Standard Lithium and Livent are recovering significantly from their interim phase of weakness. The entire sector is benefiting from positive comments by Tesla founder Elon Musk. There is also speculation that the wealthiest man in the world could take a stake in Standard Lithium. It would make perfect sense for Tesla. In contrast, all hope seems to be fading in the gold sector. Heavyweights like Barrick Gold and Newmont are trading near 52-week lows. The latest setback was Newmont's numbers. However, the dividend yield is now tempting, and there are also positives from the gold sector. Canadian explorer Tocvan Ventures reported convincing drill results.
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Commented by Stefan Feulner on July 19th, 2022 | 14:01 CEST
Gold price close to long-term buy signal - Desert Gold, Newmont and Barrick Gold in waiting position
Gold reached a new low for the year with the interim slide below the psychologically important mark of USD 1,700 per troy ounce. Thus, the precious yellow metal, which is supposed to act as a crisis currency, completely lost the gains since Russia's invasion of Ukraine. In the short term, there is now the threat of another test to the downside in the area of USD 1,600 per ounce. In the long term, gold should regain its role as an inflation hedge and a currency against major crises. It is, therefore, slowly time to build up anticyclical positions.
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Commented by Armin Schulz on May 19th, 2022 | 12:10 CEST
Barrick Gold, Barsele Minerals, Newmont - Gold stocks are under pressure
With the start of the Ukraine crisis, the gold price rallied and came close to all-time highs. However, gold was then subsequently sold off again. The reason could be that the Russian currency is backed by gold. If one wants to sanction Russia, one must care for a falling gold price. If Russia lacks money, it would have to sell its gold, which would also put pressure on the gold price. The second theory is contradicted by the fact that the Russian central bank continued to buy gold at the end of March, albeit below the market price. The situation on the gold market should relax when the Ukraine conflict ends. Therefore, it is now time to look for the right gold company.
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Commented by Stefan Feulner on May 18th, 2022 | 11:37 CEST
Barrick Gold, Desert Gold, Newmont - Golden times
The situation with gold is more than paradoxical at the moment. On the one hand, the Ukraine war is raging with the threat of spreading to other countries. On top of that, inflation rates are jumping to levels the world has not seen in more than 30 years. As the icing on the cake, the Zero-Covid lockdowns in China are hampering supply chains that are already broken. Gold should therefore explode. However, the reality is different. The precious yellow metal is currently struggling to reach the USD 1,800 per ounce mark. However, the crisis currency is likely to prevail in the long term and pave its way above new highs.
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Commented by Nico Popp on April 21st, 2022 | 09:27 CEST
Where you can still place your trust: Deutsche Bank, Desert Gold, Newmont
Thorough research, thoughtful consideration, a sense of timing and trust are all necessary ingredients for sound investments. But time and again, companies disappoint their shareholders. Rarely does it get as bad as it did with Wirecard. Often there is a communication crisis, and announcements are just not kept. We present three stocks and analyze: Where can investors put their trust?
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Commented by Stefan Feulner on April 7th, 2022 | 14:35 CEST
Newmont, MAS Gold, Barrick Gold - This will be the hard currency
Precious metals lived up to their name as a crisis currency when the Russian army invaded Ukraine at the end of February. Gold rose by almost 10% in the first rush and marked a new high at USD 2,070.18 per ounce. Only USD 4 was missing to climb to a new all-time high in the current world reserve currency, the US dollar. Since then, the yellow metal has been correcting, but new highs should only be a matter of time in the long term. The importance of gold can currently be seen due to geopolitical tensions. The chairman of the Russian Energy Commission, Pavel Zavalny, proposed to pay for Russian oil and gas in "hard currency", i.e. in gold.
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Commented by Stefan Feulner on March 15th, 2022 | 12:14 CET
Newmont, Ximen Mining, Barrick Gold - Deceptive calm
Hopes of an imminent end to the war in Ukraine are causing the stock markets to turn upward again. The German stock market barometer DAX climbed above the psychologically important mark of 14,000 points. In contrast, the precious metals gold and silver, known as crisis currencies, came under heavy pressure. The various types of oil also lost a disproportionate amount of value, falling by more than 3%. The question is now whether the calming is only a flash in the pan or whether a new buying window will open in the short term, especially for the precious metals.
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