| To: Ms. Baby Boomer who wrote (48056) | 7/18/2014 11:28:01 AM | | From: Ms. Baby Boomer | | | | Credit Suisse’s Top Gold
Stocks to Buy...
Eldorado Gold Corp. ( EGO) is another of the top picks at Credit Suisse. The company engages in the exploration, development, mining and production of gold properties in Turkey, China, Greece, Brazil and Romania. The company also explores for iron, silver, lead, zinc and copper ores.
The Credit Suisse analysts point out that the company is a consistent, low-cost operator with solid valuation upside to its net asset value. They also cite upside potential could be tied to pending permits in Greece and China. Eldorado Gold investors are paid a small 0.3% dividend. Credit Suisse raises its price target to $10 from $9, while the consensus target is $8.65. Shares closed Thursday at $7.55....
finance.yahoo.com |
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| To: TheSlowLane who wrote (48066) | 7/26/2014 9:38:05 PM | | From: Ms. Baby Boomer | | | | Central Banks in Russia to Kazakhstan Boost Gold Reserves...
Central banks for Russia to Kazakhstan and Mexico increased gold reserves as Germany trimmed its holdings, International Monetary Fund data show.
Kyrgyzstan, Tajikistan, Serbia, Greece and Equador also showed higher gold reserves for June, according to figures published today on the IMF website. Central banks had lowered world gold reserves for a second month by May to 1.022 billion troy ounces, IMF data show.
Gold advanced the most in four months in June as fighting in Ukraine to Iraq and Israel boosted demand for a haven. Hedge funds almost doubled net-long position in gold during June, U.S. Commodity Futures Trading Commission data show.
Russia increased its gold holdings, the world’s sixth-biggest, to 35.197 million ounces in June from 34.656 million ounces in May the IMF data show. The country is locked in its worst political crisis with the U.S. and its allies since the end of the Cold War after its annexation of Crimea this year and as western countries blame it for support of separatist rebels in eastern Ukraine.
Russia’s foreign reserves fell $39 billion to $472 billion in June, data from the central bank show. Gold accounts for 9.3 percent of the country’s reserves, according to the World Gold Council.
Turkey increased its holdings to 16.491 million ounces from 16.172 million ounces in May as it accepts gold in its reserve requirements from commercial banks, the IMF data show. The country ranks 13th largest by gold reserves, according to the gold council.
Germany, the second-biggest gold holder, lowered its holdings to 108.805 million ounces from 108.806 million ounces, the data show. Central bank goldings for China, the world’s biggest consumer, haven’t been updated since March at 33.89 million ounces.
After 12 straight years of gains, gold tumbled 28 percent in 2013 as an equity rally prompted some investors to lose faith in the metal. Bullion rose 6.2 percent in June, the most since February, and climbed 8.8 percent this year to $1,307.22 an ounce in London....
bloomberg.com
Note: Had craving for egg mcmuffin and senior java @ McDonalds during the week...
The man is pain in the sraka, and Obama doesn't know how to deal with him imho.... |
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| From: Ms. Baby Boomer | 8/8/2014 10:26:10 AM | | | | | | Gold rallies on word of authorized U.S. airstrikes in
Iraq...
Jumps $5 after Obama announcement
LOS ANGELES (MarketWatch) — President Barack Obama on Thursday evening blew a kiss to gold bugs by saying that he has authorized air strikes in northern Iraq. The announcement sent shivers through equity markets and helped to push gold prices higher...
marketwatch.com
Have a nice weekend.... |
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