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My third pick for my new ETF portfolio: A gold ETF

My third pick for my new ETF portfolio: A gold ETF

For my third pick for my new Perfect 5 ETF Active Passive Portfolio I looked to fill the Commodities slot in the portfolio with an ETF that would provide a hedge for the portfolio if the market tumbled but that would also produce a positive return if the market...
Odds of a December interest rate increase soaring

Odds of a December interest rate increase soaring

The financial markets are taking Janet Yellen seriously. In a speech yesterday the Fed chair strongly supported an interest rate increase at the Federal Reserve’s December 13 meeting. Coming along with comments from other Fed governors, the markets have decided...
Quiet day so far but trends intact under surface

Quiet day so far but trends intact under surface

A very subdued market so far (at 2 p.m. New York time) today. Maybe its the solar eclipse. After all who wants to put on a long position when the sun is about to be eaten by dragons? As of 2 p.m. the Standard & Poor’s 500 stock index was up just 0.06%. But...
Markets rediscover risk–for a day anyway

Markets rediscover risk–for a day anyway

This morning it looks like the combination of turmoil in Washington and some weak economic data have led traders and investors to take money out of risk assets and put money into safe havens. As of 11:40 a.m. New York time, the Standard & Poor’s 500 was off...
Pre-holiday move to safety starts a little early

Pre-holiday move to safety starts a little early

With trading volumes already starting to slip–trading in Standard & Poor’s 500 stocks was running about 25% below its average for this time of day at noon today–traders and investors are locking in some gains and seeking safety for the week...
What are the chances that the Brexit polls are wrong?

What are the chances that the Brexit polls are wrong?

To anyone getting all warm and cozy with the polls showing that voters will decide to stay with the European Union in Thursday’s Brexit vote, I’ve got just one word of warning: Michigan. Remember the Michigan primary between Hillary Clinton and Bernie Sanders this...
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....

Sell Newmont Mining (NEM)

I’m going to sell Newmont Mining (NEM) out of Jubak’s Picks today. Two reasons. First, gold is looking kind of toppy with traders edging toward an exit just in case the violence in Libya shows any sign of resolution. The noon price for gold of $1414 an ounce is only...

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...

With inflation on a run, the Chinese are buying gold too

China has treated data on the country’s level of gold imports as a state secret—until last week. And the newly public data shows that China is on a path that would have the country overtake India as the world’s largest consumer of gold. Think this might be bullish for...

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...

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...

Central banks hold the answer to "How high can gold go?"

Bet you didn’t know that Sunday, September 26, marked the end of the year. Well, it did for the world’s central banks that participate in the Central Bank Gold Agreement, which lays out quotas for how much gold central banks can sell in a year. The agreement was put...

Update Goldcorp (GG)

What you think of Goldcorp’s (GG) $3.4 billion bid for Andean Resources will depend on how impressed you are with Goldcorp’s track record valuing potential acquisition candidates. There’s no doubt that Andean Resources’ (ANDPF) Cerro Negro project in Argentina is an...

Buy Newmont Mining (NEM)

At some point in every gold rally, the market flips a switch and gold mining stocks start to outperform gold itself. I think we’re at that inflection point now. Analysts on Wall Street are calling for gold to hit $1500 an ounce by December 2011. That would be roughly...

Gold hits another record

Gold for August delivery climbed to $1,258 an ounce today, June 18,  breaking the record set yesterday. Yes, gold is being propelled to record after record by investors looking for a safe haven from worries about the euro and about global economic growth, and by...