Archive for the 'Gold Trading' Category
Just One ETF: Even With Deflation, None As Good As GLD
Francisco Martin submits: 
Several times a week, Seeking Alpha’s Jason Aycock asks money managers about their single highest-conviction position – what they would own (or short) if they could choose just one stock or ETF.
Several times a week, Seeking Alpha’s Jason Aycock asks money managers about their single highest-conviction position – what they would own (or short) if they could choose just one stock or ETF.
Francisco Martin specializes in global ETF strategies and foreign bond portfolios as vice president at UBS International, part of the financial-services giant’s wealth management arm. Prior to that position, he was founder and managing director of Martin Asset Management.
Which single asset class are you most bullish (or bearish) about in the coming year?
Goldcorp Agrees to US0 Million Sale of San Dimas Mine to Mala Noche Resources
Goldcorp Inc (GG) has agreed to sell its San Dimas gold-silver mine in Mexico, to Mala Noche Resources Corp. [TSX-V:MLA] in a cash-and-stock deal worth US$500m. The company said that the disposal will allow it to focus on its cornerstone assets.
Under the terms of the deal, Goldcorp will receive US$275 million in cash, Mala Noche common shares worth US$175 million, and a 5-year US$50 million promissory note bearing 6% interest per annum. Upon completion, Goldcorp is expected to own approximately 30% of Mala Noche.
Thoughts on Gold, Pessimism About Europe, Chinese Equities and Poland’s Chances of Gr
Global Investing Editor submits:Tom McClellan, recovering from an emergency appendectomy, writes in The McClellan Market Report:
I have been neglectful of mentioning the full moon that happened on Thursday, May 27. Such events often mark turning points or acceleration points for the price of gold, and that seems to be the case again. Thursday also saw gold tag the Price Oscillator Unchanged and stop its rebound, which makes me think gold prices are going to head down to test the most recent low around 1180.
I have been neglectful of mentioning the full moon that happened on Thursday, May 27. Such events often mark turning points or acceleration points for the price of gold, and that seems to be the case again. Thursday also saw gold tag the Price Oscillator Unchanged and stop its rebound, which makes me think gold prices are going to head down to test the most recent low around 1180.