Tag Archive for Barrick Gold

Moody’s Reviews U.S. Sovereign Credit Rating for Potential Downgrade

Today, Moody’s Investors Services (MCO) placed the U.S. Government’s bond rating on review for a possible downgrade, substantially increasing the possibility that one of the major credit rating agencies would downgrade the United States’ credit outlook or credit rating, as I warned here on Thoughtsworththinking.net in December 2010.  Neither action has occurred yet, so an…

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Why It’s Good to Hold Gold in 2011

With gold in the mid-$1300s ($1356.70 as of February 11 close), still within sight of its historic nominal high of $1421 on November 9, 2010[i], people who have accumulated gold and gold-related assets are asking if it’s time to sell. While it’s never wrong to manage risk by trimming assets when prices appreciate, I believe that…

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Performance Assessment for Investment Ideas on Thoughtsworththinking.net at 2010 Stock Market Close

In her classic novels The Foutainhead and Atlas Shrugged, Ayn Rand distinguished between people who make choices based on their own objective observations, and “second-handers” – people who are more apt to follow the opinions of other people than their own just because those other people are popular. The case I want to make is…

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Barrick Gold Stock: Good Value Now

Back in November, when gold was red hot, I warned investors against making big bets on gold or gold-related assets in the 4th quarter of 2009.  I was on target here.  During the week of that writing (November 16-20), gold was trading in the $1,130-$1,150/oz. range.  It hit a peak of $1217.40 on December 3,…

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