GLOBAL STOCK MARKETS ARE PLUMMETING and commodities no longer offer a place for investors to hide -- except for gold, it seems.
Despite a Friday selloff for the metal, gold futures still rose 3% last week, while the S&P 500 tumbled 18% and oil slid 17%. Gold remains 14% off its March highs.
In January, Van Eck portfolio manager Joe Foster looked like a sage in touting the benefits of gold and gold-oriented funds like his International Investors Gold Fund (ticker: INIVX) to Barron's.Alexander Eule
GOLD is set for a gain early this week. However It looks like it has been way over bought. I feel like there is going to be a market correction soon. As real gold prices will probably fall back below 800.
The stock is in the Gold & Silver industry (Sector: Basic materials) with a Good stock grade that is rated to outperform the market in the next six months with a Risk Level of 3 (Average).
Growth rates (ttm) are good: Revenues: 81.45%; EPS: 4.12%; and Price: 98.17%. PE is somewhat high: 79.23, but acceptable. The stock could be an excellent hedge in an unsteady market.
Randgold?s (GOLD) profit fell almost 7% in the third quarter due to higher costs, and its net income and earnings per share slipped. With rising gold prices during this year, one cannot but be very cautious when the company cannot use such a ... more
MOST NOTEWORTHY: Barrick Gold, Bank of Nova Scotia and Wal-Mart were today's noteworthy upgrades:
CIBC upgraded Barrick Gold (NYSE: ABX) to Sector Outperformer from Sector Performer based on stronger 2H08 production.
RBC Capital upgraded Bank of Nova Scotia (NYSE: BNS) to Sector Perform from Underperform citing expectations for benign credit deterioration near-term, retail momentum, and asset growth in international banking.
Morgan Keegan upgraded Wal-Mart (NYSE: WMT) to Outperform fr
The Rush to Gold. Coming or gone?
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P&F chart for GOLD COPPER
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About Randgold Resources Ltd
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