Steven Bauer's  Instablog

Steven Bauer
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My Biography: In 2001, I retired and now permanently reside in Mexico. After 5 years of managing my own affairs, I resumed my career in 2007 as a financial analyst / asset manager. My career began while in University as a – manual chartist for some wealthy Investors, who had a fancy math formula... More
My blog:
Investing Wisely
  • Barrick Gold Corp. (ABX) -- Bi-Monthly Update 0 comments
    Aug 25, 2013 11:41 AM | about stocks: ABX, KGC, AUY, NEM, IAG, GG, EGO, GFI, ANV, AU, HMY, BTG, AUQ, NG, AEM, BAA, GOLD, RGLD, SA, SAND, NSU, RBYCF, TRX, FNV

    Barrick Gold Corp. (NYSE:ABX) -- Bi-Monthly Update

    I just completed my weekly study of all my High Profile Basic Materials / Gold Mining Companies - - Indexes, Companies and ETFs. This is a study that is more than a treat for me to do because I get to update and explore Companies like (ABX). Each time, it continues to support my Methodology of "Investing Wisely."

    A Special Note for Seniors & Retired Investors

    I believe you folks deserve much better service and investment direction and guidance that either Wall Street or the Brokerage Community is / has been providing. Being a retired Asset Manager / Financial Analyst is a joy for me to assist you and meet your investment - needs, goals and objective. Peace of Mind for you is my mission. Let me know when I can offer you support. Perhaps reading my support article will be of interest. Just Click - - >

    My objective is to identify changing trends for my Forecasting Analytics. Simple stated, I want to have current notes to quickly refer to on the anticipated direction of this Sector and Industry Group.

    This week's Commentary on - Barrick Gold Corp. (ABX) - covers all of my Indicators, both Fundamentally for Valuations and Technically for Momentum. There is much to cover to provide my best possible Forecast and Opinion.

    Please connect with "My Focus Article." Click:

    Forecast & Opinion from my Study / Analytics:

    Barrick Gold Corp. and other Gold Mining Companies are tracking well. Although (ABX) is in a strong Pull-Back (despite the current rally) it is always an excellent contributor to my Analytics.

    My Forecast is not as bright as you are likely being advised! (I will be more specific upon request).

    My Opinion is to HOLD-CASH in anticipation of Buying. When? Not in the foreseeable future.

    If you own or are considering owning Gold Mining Companies, the securities are definitely a mixed bag that you do not want to deal with at this time. Barrick Gold Corp. is currently WEAK Technically and I have reservations about my Fundamental Valuation, therefore I have placed it on and it remains on a Strong Bearish Forecast - "Warning."

    My Analytics (weighting) for my Fundamental Valuation play a vital role in profitable managing money. At this time my Valuations of (ABX) are not bad but not as positive at perhaps you are being told by other sources. Plainly stated they are improving but way too negative to consider ownership.

    A Twenty Year Perspective of Barrick Gold Corp. (ABX)

    It has NOT always been like you are being told by so many who do not take the time to Invest Wisely. Barrick Gold Corp. (ABX) has taken some big hits over the years.

    URL for (20-years of -(ABX):

    A Rather Unique Chart / Graphic on (ABX):

    URL for this representation of - (ABX):


    "Selectivity" is what I preach and is what separates the Average Investor and Mutual Funds from the profits that come with long-hours / hard work and "Selectivity." You might like to read my most-recent article on why I believe Selectivity is so critical for profiting in today's Marketplace. You might want to check out "Be Selective II - Just Click - - >

    Here are a number of the Component Companies / Peers in the Gold Industry Group that I focus on rather frequently: ABX, KGC, AUY, NEM, IAG, GG, EGO, GFI, ANV, AU, HMY, BTG, AUQ, NG, AEM, BAA, GOLD, RGLD, SA, SAND, VGS, NSU, RBY, TRX, FNV.

    If I can be of help just Email me. Serious Investors Only - Please!

    I also write Bi-Monthly Updates on: AAPL, ABX, AMZN, BAC, C, CAT, CSCO, CVX, D, DIS, F, FB, GE, GOOG, HPQ, IBM, INTC, JNJ, JPM, KO, MSFT, PFE, SBUX, SLW, SO, T, VZ, WMT, XOM, GLD, SLV, UGL, UCO.

    Smile, Have Fun, "Investing Wisely,"

    Dr. Steve

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