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Ponchovilla

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  • Barrick Needs Gold Price To Rise [View article]
    The thing that is wrong with ABX is the price of gold. Today is June 28th. ABX last traded at $10.90 Gold is a bit off since this article was written. No dreaming, no fantasy just the facts that the market assigns to ABX.
    Jun 28, 2015. 07:35 AM | 1 Like Like |Link to Comment
  • Barrick Needs Gold Price To Rise [View article]
    When fantasy meets reality the market says that ABX is worth about $11.12/share today. Another fantasy occurs when you buy a swimming pool for $35,000 and soon find out that the pool is a money pit but not in a good way. Forget ABX and move on to something that produces long term value. There are many writers on SA that can give ya'll a hint of how to find real value in a stock. None of them have gold in their portfolio.
    Jun 17, 2015. 11:13 AM | Likes Like |Link to Comment
  • Best Buy warns on profit [View news story]
    But doesn't everyone need at least five TV's in their home with at least two with screen sizes more than 55"?
    Mar 29, 2015. 05:09 PM | Likes Like |Link to Comment
  • Freeport-McMoRan: The Market Is Clearly Mistaken About This One... A Textbook Case [View article]
    I would like to tell you what my ouija board told me as I can't find the darts for my dart board. It said the All In Sustaining Costs to extract the commodities that FCX sells have slightly increased between 2009 and 2015. I am guessing that means price -cost in terms of % over that time frame is not an insignificant factor in a value analysis (cash flow). While I think FCX has long term value my ouija board is not cooperating by letting me know how many years that may be as it is pissed off by geopolitics and environmental concerns plus various other externalities. But at $10/share this would be a Rip Van Winkle stock it tells me. No darts required.
    Mar 28, 2015. 04:10 PM | 1 Like Like |Link to Comment
  • Alcatel-Lucent Looks To Dominate This $16 Billion Market [View article]
    mm: If you watch CNBC or any other financial channel or read any financial blog all of the foregoing are compelled to say, write, video tape, audio tape, write books or sell subscription newsletters to get your attention to convince you that you should buy from them. "we" are in data overload based on 7X24 coverage. The challenge to to gain "knowledge" and sort through all of the noise. Sometimes that takes the experience of a seasoned professional who has gone through up and down markets and made mistakes along the way as part of the "tuition paid" education. For individual investors it's similar to which snake oil has cured your ailment. For ALU holders who bought at $1.00 they are quite happy and expect the stock to "soar". OTOH those who bought all the way down with considerable "unrealized losses" may just look for an exit point to minimize their losses and move on.
    Discerning opinion from propaganda from solid analysis can be heavily influenced from "your point of view". It ain't easy. Place your bet ... or not.
    Mar 28, 2015. 04:47 AM | 1 Like Like |Link to Comment
  • A Reality Check On Defense Spending [View article]
    But we need more ships, airplanes, tanks and all other things military at least that's what the lobbyists are paying for in the vicinity of K St.
    Audit the DOD?
    How many contracts are issued in the name of Defense?
    How many private mercenaries are under contract and does anyone really know what they are doing? Do we even want to know that answer?

    I am in favor of a well trained, properly equipped strong "smart" military. Except for the politicians that could be achieved in a reasonable amount of time. Any budget should consider the 5 or 10 year cost of ownership similar to what Edmunds publishes for a Toyota, Mercedes or Ferrari.
    The dedication and loyalty of our young men and women who serve our country continues to be a source of strength. Let's not forget them on the way to the bank.
    Mar 27, 2015. 06:27 AM | 3 Likes Like |Link to Comment
  • There Will Be No Oil Storage Crisis In 2015 [View article]
    Even without a oil storage crisis in the US the wild card that can impact prices on the World market is the amount of Iranian oil floating around in supertankers.
    Iran Has a Little Surprise for Oil Market
    http://bloom.bg/1BkJx9S
    Mar 26, 2015. 07:51 AM | 6 Likes Like |Link to Comment
  • Bell Labs launches consulting division to advise industry on path to network of 2020 [View article]
    This can be an exciting development for ALU's objective of achieving services sales. However, I remember the loaded rate of one Bell Labs developer at about $200.00 per hour back in 2000. The customer may experience a bit of sticker shock at the quoted price for this type of service. Undoubtedly a commitment for network optimization requires the budget planning and funding on a multi year level. This will require excellent executive level sales skills. No cartwheels in the aisle this month are warranted.
    Mar 25, 2015. 07:17 AM | Likes Like |Link to Comment
  • It's Time To Start Shorting The U.S. Dollar [View article]
    The fastest way to going broke is to "short" the dollar because "eventually" it will collapse.
    Mar 24, 2015. 03:17 PM | 3 Likes Like |Link to Comment
  • Coal-dependent power companies take EPA grievance to Supreme Court [View news story]
    There are two points of view on this:
    1. A politician gets "clean money" from the coal lobbyists and although this has absolutely no difference on how he votes on legislation or removal of regulations that favor the coal industry the "clean money" seems to leave a trail of coal residue on the politician.
    2. Anyone living downwind from a coal fired facility notices an unusual amount of "scientifically unproven" anecdotal evidence that suggests a high degree of asthma and other respiratory diseases. Doctors and other professionals also notice these "anomalies". The residue from coal burning produces measurable amounts of mercury, arsenic and other friendly compounds that are great topics for an elementary high school chemistry class. Remember the slogan "better living through chemistry"?
    The next time you hear a politician start with a statement "this is the result from someone who is unelected" gets your fishing boat storm gear out as this is a forecast is for a tropical storm of BS that follows.
    Mar 24, 2015. 12:27 PM | 2 Likes Like |Link to Comment
  • Chilean court says Barrick Gold's Pascua-Lama project did not harm glaciers [View news story]
    There is much more to this story than the glaciers:
    According to Barrick Gold’s website, a multidisciplinary team from several countries, including the United States, carried out the EIA in Chile and Argentina. The company says the assessment covered over 400 items, including glacier and environmental protection. Yet open-pit mining necessitates the use of chemicals for processing minerals, resulting in the contamination of water and causing severe environmental degradation unless proper safeguards are put into place.

    Glacier protection became a primary concern for environmental activists and indigenous communities following a proposal in 2006 — which was rejected by Chilean President Michelle Bachelet — to shift the glaciers in order to mine the gold and silver located below the area’s only water resources. In that proposal, ice from the Toro 1, Toro 2 and Esperanza glaciers was to be moved to the Guanaco glacier on the Chile-Argentina border. Protests ensured that those glaciers would remain intact, while also safeguarding the livelihood of farmers who depend on the glaciers for irrigation. The clause to protect the glaciers was added during the review process in February 2006.

    Still, protecting the glaciers was inadequate for preventing broader water contamination, which resulted in last year’s massive fines.
    http://bit.ly/1DSLHDr
    Expect more hurdles to jump!
    Mar 24, 2015. 08:21 AM | Likes Like |Link to Comment
  • After Losing Half Of Its Value, The Largest Gold Producer Is Still A Sell [View article]
    Try launching from Google
    Mar 21, 2015. 01:46 PM | Likes Like |Link to Comment
  • After Losing Half Of Its Value, The Largest Gold Producer Is Still A Sell [View article]
    In spite of my best efforts to to parse the words "long term debt" I am having trouble connecting that to "immune from interest rate hikes" so I looked to Morningstar for help:
    http://bit.ly/1GBU4kw
    From what I see the bond market is not as enthusiastic about ABX debt as you are.
    Mar 21, 2015. 03:36 AM | 1 Like Like |Link to Comment
  • Cat-astrophe? No, But There Is A Good Case Against Caterpillar Shares [View article]
    Few people have an appreciation for the time, thought and analysis that goes into a well written article. For the most part the general trend in internet comments instead of awarding a grade of 97% is to look at the 3% missed and toss around pejoratives. Very well done.
    I look at CAT as a proxy for the gold miners and am always curious about new sales and maintenance sales to the gold miners or their contractors. You brought into play the lumber industry which is also revealing.
    This is a fundamentally good company that will rebound over time with smart management. But that time may not be for several years.
    Mar 18, 2015. 10:03 AM | 1 Like Like |Link to Comment
  • Poor Brazil [View article]
    This is what happens when politics and corruption meet with waste fraud and abuse. Somebody has to pay the bill. Nice work Scott. The gold vs commodities chart is most interesting and suggests commodities must rise with the tide or gold will sink. The problem is with the tide. Some are betting the tide is about to rise when others see it receding. The nautical charts which are generally reliable suggest the tide is going out.
    Since it's FED watch day I wonder if you or Warren Buffet spend all night worrying about what the FED will say today? The folks on MSNBC seem to get real excitable.
    Mar 18, 2015. 09:24 AM | 1 Like Like |Link to Comment
COMMENTS STATS
369 Comments
694 Likes