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Analysts at RBC Capital think credit downgrades for some top gold miners are a strong...

Analysts at RBC Capital think credit downgrades for some top gold miners are a strong possibility. There's a “moderate probability” Barrick Gold (ABX -0.1%) could trigger a one-notch downgrade at $1,400 gold; at $1,300, Newmont Mining (NEM +1.9%) could get downgraded, and Kinross Gold (KGC +1.8%) could get cut right to junk status. TD Securities also offers similarly disturbing conclusions. (also)
Comments (5)
  • Jason Burack
    , contributor
    Comments (1763) | Send Message
     
    The large miners have been very inefficiently run. Royalty/streaming companies are the exact opposite. These guys are still making boat loads of money even at these prices.
    16 Apr 2013, 01:53 PM Reply Like
  • TDWelander
    , contributor
    Comments (639) | Send Message
     
    Who the hell do you think you are talking to? Have you ever run a mine or a bunch or group of them like ABX? Please tell me.
    To call Barrick inefficiently run means you have not seen or investigated any of their operations. Or just ignorant.
    Put up some relevant info to justify your comment or cut the crap.

     

    Royalty/streaming companies isolates and separates risk; really
    bad for most investors; worse, probably stupid.
    16 Apr 2013, 05:11 PM Reply Like
  • KJP712
    , contributor
    Comments (452) | Send Message
     
    Working late at night to devalue gold stocks.An opportunity for future trades is in store.
    16 Apr 2013, 01:56 PM Reply Like
  • II
    , contributor
    Comment (1) | Send Message
     
    I'm not sure what the total cost of production is in China and Russia in dollar terms so I am waiting for word from them.

     

    Wonder if the Shanghai Cooperation Organisation could set up an Exchange and set up an a.m and p.m gold fix for London Good Delivery physical gold in Shanghai or somewhere.

     

    If they set the price at $2000 for physical gold London Good Delivery for starters then the physical would start to flow like crazy eastward.

     

    II
    16 Apr 2013, 04:51 PM Reply Like
  • chuck lewis
    , contributor
    Comments (378) | Send Message
     
    Chuck Lewis Editor, The Lewis Letter
    The BRICS have been buying gold from the PIGS for over a year, The threat of Cyprus selling gold forced by "drag-your-feet Dragi" was an unfounded scare as there are ready buyers for such sales. If China wants tio go back to the gold standard rest assured they will be size buyers as will India, Russia and probably Japan. These guys hate to lose.
    16 Apr 2013, 06:45 PM Reply Like
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