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Buy Yamana Gold (AUY)

Buy Yamana Gold (AUY)

Now that’s more like it. When I dropped Kinross Gold (KGC) from my long-term Jubak Picks 50 portfolio http://jubakpicks.com/jubak-picks-50/ on January 13 I said that what I wanted in a gold mining stock was a company with low production costs and rising production....

Update BHP Billiton (BHP)

As tea leaves go, those presented to investors in BHP Billiton’s (BHP) February 16 post-earnings-report conference call could have been a bit clearer. I think the way to decide buy/sell/hold on BHP and on the mining sector as a whole is to look past the very confusing...

Update Deere (DE)

Good times for the world’s farmers and for Deere (DE) will continue, Deere said in its fiscal first quarter 2011 earnings report released on February 16, before the New York stock markets opened. The company’s earnings reports get scrutinized as much for Deere’s...

Update Freeport McMoRan (FCX)

What if you’re wrong? Always a possibility worth contemplating. Last week (January 20 and 21), I gave you a pretty pessimistic view of the prospects for the world’s emerging stock markets—and emerging-economy-dependent stocks such as those of commodity...

Update Goldcorp (GG)

On January 13, Goldcorp (GG) announced production and cost guidance for 2011. Let’s just say that my investment thesis for Goldcorp—that this is a low-cost producer of gold with rising production—remains intact. In 2010, the company said, gold production grew to a...

Update Potash of Saskatchewan (POT)

In a presentation at the Bank of America/Merrill Lynch Global Industries conference on December 15, Potash of Saskatchewan (POT) offered a modestly optimistic view on potash fertilizer demand for 2011—and a very bullish view for global agriculture. Potash first. The...

Update Joy Global (JOYG)

Reporting fiscal fourth quarter earnings December 15 before the market opened in New York, Joy Global (JOYG) beat analyst earnings expectations by 23 cents a share with quarterly earnings of $1.39. Revenue of $1.05 billion, up 9% from the fourth quarter of fiscal...

Buy Freeport McMoRan Copper & Gold (FCX)

On December 9 Freeport McMoRan Copper & Gold (FCX) announced that it would pay a special dividend of $1 a share on December 30 (to shareholders of record on December 20). In addition the company announced a 2 for 1 stock split effective on February 1, 2011. This...

Update Vale (VALE)

And the biggest winner from Argentina’s huge natural gas from shale discovery in Patagonia? YPF Sociedad Anonima (YPF) is certainly a winner. The find of 4.5 trillion cubic feet of gas is roughly double the Argentine company’s previous proved natural gas reserves of...

Update Thompson Creek Metals (TC)

It’s not like you you’re going sneak up on an undiscovered bargain in a copper mining stock these days. Copper has been selling near record highs this year on an anticipated shortfall in supply in 2011 and on increased demand from commodity investors. On December 7,...

Is the glitter back for gold?

Important shift in the market yesterday. Maybe. And  it looks like the market is following through today. A stronger “Maybe.” Yesterday, as on most days recently, the dollar was up and the euro down on fears that the euro debt crisis is escalating. That’s...

Update Deere (DE)

Valuing a cyclical stock such as Deere (DE)—which reports fourth quarter fiscal 2010 earnings on Wednesday, November 24–is always difficult. You have to figure out where the company is in the revenue cycle from peak to trough and back again. And you have to...

Buy Cosan (CZZ)

Sugar prices, which had been at a 30-year high at the beginning of this week, went through their biggest sell-off in 30 years on Thursday, November 11. That gives us a chance to pick up shares of Cosan (CZZ), Brazil’s big sugar processor and ethanol producer on...

Update Silver Wheaton (SLW)

You really need a time line to figure out why Silver Wheaton (SLW) dropped by 7.9% yesterday, November 9. Start here overnight: Silver Wheaton announced third quarter earnings on November 8 after the New York markets had closed. The company beat Wall Street earnings...

Buy Silver Wheaton (SLW)

Silver is cheap. Well, it is when compared to gold anyway. On Friday morning gold hit $1397.70 an ounce, an all time high. (If you don’t correct for inflation.) Silver, on the other hand, moved up to $26.90 an ounce. That’s just a 30-year high. See, cheaper. You...

Update Fortescue Metals (FSUMY)

Some movement this week in simplifying the complicated balance sheet of Fortescue Metals Group (FSUMY), the third largest iron ore mining company in Australia. The company’s stock climbed 7.8% on October 11 after Fortescue announced that it had signed a $2.04 billion...