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Calpha Male

Calpha Male
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  • Smithfield Foods (SFD) is close to selling itself to China's Shineway, according to a WSJ report. A deal would land in the $4.5B to $5B range to mark a 25% to 30% premium over Smithfield's closing yesterday. SFD +23.2% premarket to $31.99. [View news story]
    Does China want America's pork because so much of theirs floated downriver to Shanghai? Did we ever get an environmental explanation for what happened in China to so much pork? And what can we expect to happen with Smithfield's ability to deal with environmental issues in the states for this horrendously messy industry? Be careful what you wish for American investors.
    May 29, 2013. 09:42 AM | Likes Like |Link to Comment
  • Barrick Gold Faces Higher Costs, Books Impairment Charges On Copper Business [View article]
    Heads up only for fools who buy into the charade that gold mining stocks have become. More power to you sister.
    Feb 23, 2013. 11:30 PM | Likes Like |Link to Comment
  • Barrick Gold Faces Higher Costs, Books Impairment Charges On Copper Business [View article]
    They are waiting for you Mr. Muppet.
    Feb 19, 2013. 11:17 PM | Likes Like |Link to Comment
  • The new CEO of the world’s largest precious metals miner tells CNBC gold could climb above $2,000 and even higher in the next year. But Barrick (ABX +0.6%) "can't just rely on gold prices to drive our earnings," Jamie Sokalsky says, touting ABX's more disciplined capital allocation program that he hopes will enable more cash to eventually be returned to shareholders. [View news story]
    All stick, no carrot, ad infinitum.
    Sep 11, 2012. 03:39 PM | Likes Like |Link to Comment
  • Color On Las Vegas Sands Earnings Miss [View article]
    Thanks very much for posting such valuable information and your reply. The selloff seems very strange against a backdrop you describe.
    Jul 26, 2012. 02:14 PM | Likes Like |Link to Comment
  • Color On Las Vegas Sands Earnings Miss [View article]
    Could you provide your thoughts please on the 40% (+) drop in LVS stock price over the last 14 weeks? It seems rather harsh given the actual circumstances in Asia.
    Jul 26, 2012. 11:38 AM | Likes Like |Link to Comment
  • The Fed's (Fictional) Intervention In The Gold Market, Part I: Bernanke [View article]
    Todays article at GATA's website addresses market interventions:
    Jul 25, 2012. 02:43 PM | Likes Like |Link to Comment
  • Barrick: Deeply Undervalued At $39 [View article]
    I hope we live long enough TDW.
    Jul 13, 2012. 02:52 PM | 1 Like Like |Link to Comment
  • Gold Mining Stocks Undervalued - For Good Reason [View article]
    Nary a word about the blatant manipulation of mining stocks and the consequent takedown of the entire sector in the battle between the dollar (Fed.) and gold. It is positively spooky how many articles now appear telling us the gold stocks will be in the toilet forever against a sector backdrop of margins to die for. Media intervention from on high or what???
    Jun 21, 2012. 12:19 AM | 5 Likes Like |Link to Comment
  • Don't trust this rally; it's a major bull trap, says currency analyst Christopher Vecchio. Pressures on global financial markets are too intense to support a sustained run in stocks right now. All it will take is just a few gusts of negativity to derail the entire train.  [View news story]
    Yet another suspiciously well coordinated media event to force YOUR money into subsidizing banks collectively screwed by events in Europe and beyond - Don't dare put your money into the markets these dangerous days and run like hell to the safe haven of the banks. Screw them, Buy into their fear mongering at your own financial risk. LONG American stocks.
    Jun 12, 2012. 11:18 PM | 6 Likes Like |Link to Comment
  • Barrick Gold: All That Glitters [View article]
    Don't fret, ABX investors only got nailed for an 18% YTD loss of stock value. Consider AU at 19% YTD loss, GG at 22%, NEM at 23% and poor KGC bagholders a whopping 33% loss. The well orchestrated devils are in the details.
    May 23, 2012. 10:54 AM | 1 Like Like |Link to Comment
  • Barrick Gold (ABX): Q1 EPS of $1.09 misses by $0.01. Revenue of $3.64B (+18% Y/Y) misses by $90M. (PR)  [View news story]
    All gold, silver copper, aluminum, etc. managements are collectively culpable to the extent that they remain passive in the face of the share meltdown. You should ask not what the SEC can do but what can the mining companies management do? I would suggest THEY step up to the plate and defend their stocks. How about THEY force the issue with the SEC over the naked short selling, price manipulation/fixing, collusion and fraud that seems woven into the system today?

    As an ABX shareholder too I have full faith in their ability to properly and legally perform accounting procedures and would never suggest improprieties. My due diligence has led me to believe the board and management are people of fine moral character who hold a mutual interest with shareholders in at least maintaining shareholder value and returning profits in a conducive business environment.

    The miner valuations today present a unique opportunity to those brave enough to enter. And really, investing in other commodity sectors like oil is subject to the same swirling global forces that make them dangerous too. ABX at 38 is like XOM at 56 and I know which one I would buy more of now.
    May 6, 2012. 04:51 PM | Likes Like |Link to Comment
  • Barrick Gold (ABX): Q1 EPS of $1.09 misses by $0.01. Revenue of $3.64B (+18% Y/Y) misses by $90M. (PR)  [View news story]
    As to concensus over Barrick stock there is none. It is part of a much larger scenario and any shareholder, whether institutional or individual is a mere pawn against very powerful forces.

    Mineweb and GATA are about the only frank and credible resources available to individual investors outside of miner puff pieces showing up with suspicious frequency in various media. Mineweb's article "Patterns in gold price puzzling but understandable" available at their website and at GATA rather lays it bare: in order to mitigate a collapse in the U.S. economy there is an ongoing "controlled devaluation of the dollar by letting gold rise slowly but surely"... So Barrick and other miner's fortunes might be looking up with their dream margins but they are primarily tools of the Federal Reserve. Hopefully the culpable management at Barrick and the other miners will not be the only ones benefiting from the blatant market manipulation.
    May 5, 2012. 12:32 AM | 1 Like Like |Link to Comment
  • Barrick Gold (ABX): Q1 EPS of $1.09 misses by $0.01. Revenue of $3.64B (+18% Y/Y) misses by $90M. (PR)  [View news story]
    Speaking as a Barrick holder I have suffered greatly and certainly not profited from market manipulation which is blatantly obvious to anyone who pays attention to markets in our time. Barrick and a litany of other miners have margins that are a corporate wet dream so the collapse of miner's stocks is perverse and cruel for any holder of mining stocks today. With central banks around the world seeking to diversify away from the dollar it seems doubtfull that the gold price and their margins will suffer any time soon. Mining share holders are now caught in the crossfire of the currency wars whilst being punished for investing against sovereign American (dollar) interests. Where this goes is anyones best guess but all investors in all markets should be aware of Jim Grant's squid/fed concept. The idea that free markets exist anymore is a cruel joke.
    May 4, 2012. 12:10 PM | Likes Like |Link to Comment
  • Barrick Gold (ABX): Q1 EPS of $1.09 misses by $0.01. Revenue of $3.64B (+18% Y/Y) misses by $90M. (PR)  [View news story]
    The manipulation BY THE FEDERAL RESERVE is as blatant as it is a massive screwing over of shareholders in the fed's attempt to cap gold prices and destroy any and all threats to the dollar, miners included. Jim Grant says it best when calling the Fed a vampire squid. His interview starts at 12:15 at Bloombergs site: As you will see the manipulation crosses all markets.
    May 3, 2012. 08:04 PM | Likes Like |Link to Comment