Category Archives: $ABG

Gold move pretty amazing….now you know…….

Back on Mar 11th 2015, I posted this:

“Still far from the $14 stop on the $GDX trade – but the move in the US Dollar has been pretty rapid, pulling down Gold.

If you are UK investor with US$ positions the rally in the US$ is great, and the $GDX positions acts a currency hedge as well as a market volatlity hedge….so keep your gold position balanced versus your implied currency position.
Overall, long stock performance should outweigh currecncy moves, but big short term moves like this do impact your portfolio!

Stick a Gold position – either $GDX, $GLD or Acacia Mining (ex African Barrick Gold), which is now at a buying point again after hitting 320 – taking some profit and falling back to 239.”

Nothing happened for the whole year, then an incredible rally in GOLD – 2CentViEW Acacia Mining position has over trebled in value, offsetting lower stock prices in the UK!

The wise men say always have some gold in your portfolio – now you know why!

$GDX – gold continues to go lower as $ Surges – watch the stop…or switch to African Barrick

Still far from the $14 stop on the $GDX trade – but the move in the US Dollar has been pretty rapid, pulling down Gold.

If you are UK investor with US$ positions the rally in the US$ is great, and the $GDX positions acts a currency hedge as well as a market volatlity hedge….so keep your gold position balanced versus your implied currency position.
Overall, long stock performance should outweigh currecncy moves, but big short term moves like this do impact your portfolio!

Stick a Gold position – either $GDX, $GLD or Acacia Mining (ex African Barrick Gold), which is now at a buying point again after hitting 320 – taking some profit and falling back to 239.

 

$ABG (Now $ACA) – African Barrick Gold – 300 target hit – take profit and switch to Black Gold but..

As gold prices stabilise and start going up a bit African Barrick Gold stock has rallied 50% since beginning of November. Tweeted this name at the end of May 2014 as good way to get exposure to Gold – stock hit a low of 195 – so above the stop, so hopefully you are still in it. Also pays a dividend so you were paid to wait!

Take some profit above 290, but keep a core position as Gold could go higher.
FV=320 now. Acacia Mining (ex African Barrick Gold).

Think about putting some of the profit into the Black kind – same strategy – as oil bottoms out, the energy companies should outperform as prices start to go back up.
No rush however to get into the energy space – will send some ideas this month.

2 cheap to Fair Value Gold Miners…African Barrick and Petropavlovsk

$ABG – African Barrick down to 220 from 320 recent high in March could be a buy. The company was a spin off from Barrick Gold, and has mining interest mainly in Tanzania, and makes good money!

Fv=300, Yield = 1.5%
Strategy: Buy here at 221, looking for re-tracement back to 320, take profit at 300, stop 190.

The other name is Petropavlovsk – $POG. This name is much more highly speculative as the future earnings are not totally clear – and is in Russia.
if you made some money on Evraz – put some profits in this name – but this is HIGH risk.
FV=100. Strategy buy here at 60, target 90, stop 45.

Gold is a good inflation hedge – but at the moment the bond markets are implying very little inflation – but with economies starting to show growth again – Gold could start to rise as inflation picks up.

2CentView has a core position in $ABG and added trading position in $ABG at 218.