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S&P 500: 1,340.35 Change: -0.84%
Vet67to82
P&P Score: 29.13 | Points: -21.00 | Accuracy: 69.88 | Average Pick Score: -1.27   Annual Return: N/A  
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Commentary
BUY: BARRICK GOLD CP (ABX) Rating: 3
Start Price: $43.99
Points: +0.88
Created: 11/25/2009
Gold, Silver, and Copper ... as in Cerro Casale, Chile WOW!!!!

Kinross acquired its 49% interest in the Cerro Casale gold-copper deposit in northern Chile on February 28, 2007, through its acquisition of Bema Gold. Barrick Gold held the remaining 51% interest. As a result of a new shareholders agreement entered into with Barrick and an associated reorganization of the corporate ownership in September 2009, each of Kinross and Barrick now have a 50% interest.

Discovered in 1996, Cerro Casale is located 145 kilometres southeast of Copiapó, and is directly south of Kinross' Maricunga mine.

The Cerro Casale deposit is a large gold and copper orebody with reserves (100%) of approximately 21 million ounces of gold and 5 billion pounds of copper. It is reputedly one of the largest undeveloped gold/copper deposits in the world.

4 Comment(s):

Author Vet67to82     Date 2009-11-27 10:44:56
Dubai's efforts to postpone its debt repayments, making the dollar stronger, commodities weaker ... are external to ABX ...
Author Vet67to82     Date 2009-12-11 11:09:36
Let's look at the chart for AMD:
Advanced Micro Devices Inc AMD:NYSE 12/11/2009 10:47 AM

$ 8.67 +$ 0.09 1.05% Vol 9,102,217

Chat Checkup ( Short term 10 days / 15 min )

Moving Average Price Compare -- No current signals ( Neutral )

Moving Averages -- No current signals ( Neutral )

Bollinger Bands ( Neutral )
AMD is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

Stochastics ( Bullish +80 )
The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D; however the oscillator has moved above the critical value of 80 and is now overbought. The overbought condition means that the upwards momentum experienced in this stock is not sustainable.

On Balance Volume ( Bearish )
The On Balance Volume indicator (OBV) presently offers a bearish signal. This is because the slope of the indicator is negative and shows that there is a lack of buying interest.

Price Channel (Bullish )
AMD is trading above its 5 minute price channel. This means that the stock is trading at a new high for the period and the price channel will update to reflect that.

I like the indicators On Balance Volume, Money Flow, and Momentum to keep me informed as to how the MARKET "feels" about a stock, after all "they" are voting with real dollars
Author Vet67to82     Date 2009-12-18 12:00:15
Gold Signals Possible New Shock

******* http://numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=9025
Author Vet67to82     Date 2010-05-14 14:47:59
Hit my short term target
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