Market Currents

• Friday, December 4, 2009

• 12:24 PM And with the dollar up, down goes gold: Futures -4% to $1,170.20. Heavy activity in Barrick Gold (ABX -8.3%). DDRGOLD (DROOY.PK) down 7.8%. Also: Silver -3.4%. Platinum -3.4%. Copper -1.1%; Freeport-McMoRan Copper & Gold (FCX) down 4.2%. Comment!

• Thursday, October 29, 2009

• 07:39 AM Barrick Gold (ABX): Q3 EPS of $0.54 beats by $0.07. Revenue of $2.1B (+11.6%) in-line. Significantly reduced gold hedges, and will eliminate within 12 months. (PR) Comment!
• 00:05 AM Notable pre-market earnings: ABX, AEP, AET, AGN, AN, APA, AVP, AYE, AZN, BC, BCRX, BKC, BPO, CL, CLI, CME, CMS, COCO, COT, DLR, EK, EXPE, FNFG, GTI, K, KBR, MCO, MOT, MPS, MWW, MYL, NBL, NEM, NRG, ODP, OMX, PCG, PDE, PG, PPL, PTEN, RDS.A, S, SII, TSM, VTR, WMB, XEL, XOM Comment!

• Monday, October 12, 2009

• 16:57 PM Barrick Gold (ABX) agrees to buy a 70% stake in Chile's El Morro copper and gold mining project from Xstrata (XSRAF.PK) for $465M in cash. Barrick, the world's largest gold producer, is buildind new mines around the world to take advantage of record prices. Comment!

• Tuesday, September 8, 2009

• 18:16 PM Barrick Gold (ABX) plans to take $5.6B in charges to end all of its fixed-price gold contracts, betting on rising prices. The company will offer up to $3.45B in shares to offset the cost. COMEX gold futures rebounded late today; currently flat at $999.60.
  2 Comments

• Thursday, July 30, 2009

• 08:14 AM Barrick Gold (ABX): Q2 EPS of $0.49 beats by $0.11. Revenue of $2B (+3%) vs. $1.9B. Shares +3.5% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: ABC, ABX, ADP, ALU, AOC, APA, ARTG, AVP, AVY, AZN, BC, BCRX, BDX, BEN, CI, CINF, CL, CLI, CMI, CMS, CNX, COL, COV, CVC, DLR, DOW, EK, ENDP, EXPE, FAF, GT, GTI, HP, INCY, IP, IRM, K, KBR, KIM, KSU, LVLT, MA, MOT, MYL, NBL, NRG, NWL, NYX, OCR, OMX, OSK, PCZ, PH, PTEN, RDS.A, RGC, RYN, SBH, SNE, SPR, TEN, TRV, TSM, TYC, VTR, WMI, WYNN, XEL, XOM Comment!

• Wednesday, July 15, 2009

• 09:01 AM Premarket gainers: GCI +20%. ALU +12%. AMD +8%. INTC +7%. AIB +6%. MT +6%. ING +6%. TGB +6%. AXA +5%. PMI +5%. TSM +5%. HMY +5%. MI +5%. HBC +5%. GNK +5%. HL +4%. BCS +4%. TIE +4%. AKS +4%. NOK +4%. RCL +4%. YGE +4%. VALE +4%. IGT +4%. AUY +4%. COF +4%. EXM +4%. FCX +4%. X +4%. MU +4%. ABX +4%. UBS +4%. DB +4%. Whoa!
  Losers: PAR -22%. JNS -8%. YUM -4% 1 Comment

• Wednesday, April 29, 2009

• 08:39 AM Barrick Gold (ABX): Q1 EPS of $0.34 misses by $0.02. Revenue of $1.8B (-6.7%) in-line. Shares +2.5% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Wednesday's open: ABX, AET, AMG, AMT, ARW, BHI, BKC, CNP, ENDP, FCN, GD, GT, HES, IACI, JNY, MCO, MHS, MT, MTG, MWV, NYB, PX, Q, RAI, RDS.A, ROK, SAP, SEE, SI, SO, SPIL, SPW, TEL, TLM, TWC, TWX, UMC, VPHM, WMI, WYE, WYN Comment!

• Tuesday, April 28, 2009

• 09:00 AM Premarket gainers: PRXL +21%. BCRX +20%. NVAX +16%. SVA +8%. TLAB +6%. BIDU +3%.
  Losers: RAD -15%. UIS -11%. HSII -10%. LVLT -9%. XL -8%. BAC -8%. X -7%. HL -7%. DB -6%. NRTS -6%. GM -5%. RTP -5%. LCC -5%. MT -5%. ING -5%. C -5%. AIG -4%. BGP -4%. LVS -4%. BBV -4%. COF -4%. DAL -4%. ABX -4%. Comment!

• Friday, February 20, 2009

• 07:59 AM Barrick Gold (ABX): Q4 EPS of $0.32 beats by $0.02. Revenue of $2.11B (+10.1%) vs. $1.83B. Shares +3.3% premarket. (PR) Comment!
• 00:05 AM Notable earnings before Friday's open: ABX, JCP, LOW, PNW, TRW 1 Comment

• Monday, January 12, 2009

• 09:00 AM Premarket losers: HOG -11%. AA -5%. HL -5%. UBS -5%. RTP -5%. SLW -4%. FCX -4%. BHP -4%. ABX -4%. Comment!

• Friday, December 19, 2008

• 08:46 AM Premarket losers: IPI -14%. HL -7%. GNW -5%. GFI -5%. AUY -5%. SLW -5%. FLR -4%. RTP -4%. POT -4%. RBS -3%. ABX -3%. TOT -3%. SAY -3%. BP -3%. Comment!

• Thursday, December 11, 2008

• 09:00 AM Premarket gainers: SLW +7%. BIDU +6%. MTU +6%. GG +4%. PHG +4%. ABX +4%. ING +4%. Comment!