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Entries Tagged ‘Buy Gold’

Barrick Gold Posts Stronger 2Q Net, Sales; Cash Costs Rise

Barrick Gold Posts Stronger 2Q Net, Sales; Cash Costs Rise
Last Update: 7/31/2008 8:10:38 AM
DOW JONES NEWSWIRES
Barrick Gold Corp. (ABX) posted a 22% improvement in second-quarter earnings and
stronger sales as higher gold prices offset an increase in cash costs.
The world’s largest gold producer, which is based in Toronto, earned $485 million
or 55 cents a share in [...]

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Today’s Activity:EPIC, CROX, TOMO, GFIG

A risk investment has made by Friday, I bought in some shares of EPIC
Holding shares of CROX
Preparing to buy gold miner stocks again after gold sell off by Friday
Stock picks: CROX, EPIC< TOMO, and GFIG (stay watch)
Preparing to pick up the piece if the earning reports isn’t going well at Monday

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If central banks cut rates, buy gold.

I get the feeling the G7’s central banks are preparing for another coordinated effort to once again cut interest rates at the same time.
The language in their statement included an overhaul of more conservative lending on new loans, while very closely monitoring the existing book of loans and credit.
They are likely preparing banks for more [...]

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