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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...

Sell Market Vectors Gold Miners ETF (GDX)

I don’t want to get greedy here. Gold is near its all time high of $1227.50 an ounce set on December 3, 2009. You don’t have to look far to find the reasons: the euro debt crisis and inflation fears in China come to mind. I think gold could run higher from here. The...

Update Goldcorp (GG)

A work stoppage here. Higher taxes there. And soon you’re talking about an earnings miss for the first quarter. That’s what’s behind the 22 cents a share that Goldcorp (GG) reported for the first quarter. The results were 3 cents a share below Wall Street projections....

Buy Market Vectors Gold Miners ETF (GDX)

I’m adding more gold to the Jubak’s Picks portfolio today, April 8. After a rally off the February 8 low on hopes that the global economic recovery was gaining steam, I think we’re due for a swing back to fear on disappointing growth numbers from the European Union,...

Update Goldcorp (GG)

After the market close yesterday, March 11, Goldcorp (GG) reported fourth quarter 2009 earnings of 25 cents a share (excluding one-time items). That was in line with the Wall Street consensus. Revenue climbed by 27.8% to $778 million. That was substantially above the...

Update Goldcorp (GG)

What you want in a gold stock is a company with rising reserves and falling costs. Goldcorp’s (GG) end of 2009 report on reserves shows that it’s still delivering rising reserves. We’ll see how the company is doing on costs when it reports after the market closes on...

Sell Kinross Gold (KGC)

A rising tide lifts all ships, true. But not all to the same extent. The huge rally in gold to new historic highs day after day has largely left Kinross Gold (KGC) behind. True, the stock is up 9% as of the close on November 11 from its recent low at $18. But in that...

Is gold the new dollar?

News on November 3 that the Reserve Bank of India, the country’s central bank, had purchased 200 metric tons of gold between October 19 and 30 from the International Monetary Fund sent gold soaring to a new all-time high. The yellow metal closed at $1090 an...

Gold rallies on the U.S. dollar's plunge.

Gold is making another run at breaking above and staying above $1000 an ounce. And I think this time the price is likely to stick. Even though gold is up 13% in 2009, I think the precious metal could tack on another 10% before it takes a breather. Gold has tried to...

Update Kinross Gold (KGC)

A good second quarter from Kinross Gold (KGC)–considering the uncertainties of the mining business where anything from an ore body running a lower grade than expected to floods to civil war can disrupt production. Earnings of 12 cents a share for the second...