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AU: Bull or Bear?

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safe haven AU

N/A

+127.51% in 407 days Nobody in the tough ultra-deep mining environment is doing more than new CEO Cutifani to break the barriers of safety through seismic science and human safety awareness. Once this is overcome, AGA has the best production/earnings portfolio in the world. Add to this their new discoveries and it becomes a no-brainer. Then lets have a leveraged capital meltdown world-wide to add a few points and you have all elements covered. Continue reading »

AngloGold Ashanti Ltd. AU

62%

+43.73% in 473 days AngloGold Ashanti Limited engages in the mining, extraction, and production of gold in South Africa and internationally. It operates seven underground mines, including Great Noligwa, Kopanang, Tau Lekoa, Moab Khotsong, Mponeng, Savuka, and Tau Tona located in two geographical regions on the Witwatersrand Basin in South Africa. The company also owns a 92.5% interest in Cerro Vanguardia mine located in the northwest of Puerto San Julian in the province of Santa Cruz, Argentina; a 100% interest in Sunrise Dam mine and a 33.33% interest in Boddington mine located near Perth in Australia; a 100%... Continue reading »

AngloGold Ashanti Hedge Book Bites Investors AU

-5.84% in 1010 days AngloGold Ashanti (NYSE:AU) reported improved Q4 earnings with production up 4% and slightly better cash production costs. The company forfeited approximately 6% of gold’s value on the table as they continued to produce to the hedge book that they are locked into. The negative valuation of the hedge book also continued to worsen. In the conference call transcripts provided by Seeking Alpha the Treasurer Mark Lynam spoke competently but very briefly to the hedge activities and pointed out that over the next twelve months the actual received price will be 8-10% below anticipated spot pr... Continue reading »

Attractive Pullback AU

N/A

-0.22% in 6 hours (closed on 12/06/06) stock pushed up strongly and has pulled back...   filled at $46.68 this morning...  commodity stocks are leading the current market advance -- this is perhaps symbolic of later stage market move but like the long side in the short-run. Continue reading »

From the Blogosphere

Best of the Web 11/19: Paulson Letter, Wall Street Can't Control Itself, Ken Griffin Rebounds, $6300 Gold?

StreetInsider.com Best of the Web: <> Hedge fund guru John Paulson's letter to investors on third quarter performance. Paulson's comments in the letter that Bank of America (NYSE: BAC) could still double made the rounds yesterday. The firm also said their 5 gold mining position have upside potential in a flat gold price environment, but would rise even more in a higher price environment. (NYSE: AU), Gabriel Resources, Gold Fields (NYSE: GFI) and Kinross Gold (NYSE: KGC).  <>Morgan Stanley's (NYSE: MS) outgoing CEO John Mack welcomes the increased regulation by the Fed. Mack said "They test our m... Continue reading »

John Paulson Set to Launch Gold (GLD) Hedge Fund

34%

I keep looking for something that marks at least an intermediate term top in gold, i.e. a "magazine cover" indicator aka when everyone is on the same side of the trade and even your barber starts talking up gold stocks.   This doesn't mean the thesis is not correct in the long run, but let's keep an eye out. <>The latest bit of "piling on" in the gold trade is infamous hedge fund manager John Paulson - who already holds enormous amounts of gold in his main fund (over 8% of the entire SPRD Gold Shares (GLD) ETF!) - opening a gold specific hedge fund, partially just to find a place to protect... Continue reading »

International Monetary Fund to Sell One Eighth of Gold (GLD) Stake to India

34%

Rumors were China [Apr 25, 2009: China Begins Building Gold Reserves] was going to buy this stash of gold from the IMF; but it appears India "won".   This will drop the International Monetary Fund stake but still keep it at spot #3 in world's reserves, and send India screaming up the charts from 14th [Oct 13, 2009: Largest Gold Reserves by Country]  Gold fever is spreading across he globe as central banks go wild printing paper currency.... Via Reuters: <><> The International Monetary Fund has sold 200 tonnes of gold to the Reserve Bank of India for $6.8 billion, quietly executing half of a lo... Continue reading »

Paul Tudor Jones 3rd Quarter Investor Letter: Another Gold (GLD) Bug

34%

Einhorn, Paulson... and now one of the legends of the hedge fund business Paul Tudor Jones... have all jumped on the gold bandwagon.  [May 16, 2009: John Paulson Continues to Pile Into Gold] [Mar 17, 2009: John Paulson Joins David Einhorn as Gold Bug with Stake in AngloGold Ashanti (AU)]  While perhaps a "crowded trade" watching all these great minds agree on this topic simply reinforces my thesis.... this rogue central bank will keep printing US dollars until the cows come home. (and once the cows are in the barn, they'll keep printing just to make sure).  And they are not the only one...<>< />< /><><>< />< /><>< /><><><><><>< />< /><>< />< />< />< /><><><><>< />< /><>< />< /><>< />< /><><>< /><><>< /><>< /><>< /><>< /><>< />< />... Continue reading »

Gold stock to sell #2: AngloGold Ashanti (AU) AU

-3.06% in 71 days Filed under: Stocks to Sell AngloGold Ashanti Ltd. (NYSE: AU) is one of the largest gold mining operations in the world. The gold cult has made this company very wealthy -- AU has a current market capitalization of more than $15 billion. I highly doubt the jewelry market could support that valuation, but the wacko gold bugs certainly do. Continue reading Gold stock to sell #2: AngloGold Ashanti (AU) Gold stock to sell #2: AngloGold Ashanti (AU) originally appeared on BloggingStocks on Sat, 12 Sep 2009 13:00:00 EST. Please see our terms for use of feeds. <>Permalink | Email this | Comments ... Continue reading »

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