Barrick Gold Corp. – The Glitter Went Away And I Called It To The Oz.

Feb. 09, 2014 11:08 AM ETGOLD, KGC, AUY, NEM, IAG, EGO, GFI, ANV, AU, HMY, BTG, AUQ, NG, AEM, BAA, RGLD, SA, SAND, NSU-OLD, RBYCF, TRX, FNV
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Contributor Since 2007

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 from Wharton School of Finance that required an advanced background in math – that was in 1957. I have kept those old books of Charts, and the basic formula still produces profits. I'm pleased to say that the formula / algorithm is now calculated by computer, but I still get to draw fancy lines. If you would like to have further information about my work / analytics or perhaps my Professional Services - - asset management, mentoring or consulting – services . . . just send me an Email, click here, ( senorstevedrmx@yahoo.com ) and I will respond promptly. Please understand that this offer is for serious investors. I expect you to share just a bit about yourself and your investment objectives - that is important to me. Furthermore, I never read or respond to the Seeking Alpha generated Messages or any Comments on my articles. Unfortunately, my experience has been very unsatisfactory. If you are seriously interested in learning more about what I do - - please Email me. senorstevedrmx@yahoo.com I write a bi-weekly personal blog you might like. click here. http://twitter.com/#!/Invest Rotation Education: I have several degrees, i.e. post graduate degrees and two doctorates. And a great deal of (too much) continued financial education. For seven years, I was a University Professor of Finance and Economics. No question, I learned more than I taught! Licenses: I had all that were needed / required and more. Designations: Over all those years, there were many initials after my name! Business Experience: I owned a privately held asset-management firm and managed individual investor and corporate accounts as a Registered Investment Advisor - for over 40 years. Published Articles: I have written and published over 400 papers / articles for both local and national circulation. Current Status: In late 2007 I came out of retirement and re-entered my writing financial commentaries in various financial blogs. I began a Weekly, Commentary / Update for the ex-patriot locals here in Mexico. In my first issue, October 2007 – I recommended - Holding 100% Cash and forecast that the Marketplace was at a Top that was meaningful. To date, within this Weekly – Commentary / Update I have accurately identified all Inflection Points, i.e. the 2009 February and subsequent Lows. The December and the recent April Highs were also forecasted and identified. I have resumed offering Asset Management and Consulting / Mentoring services as a Boutique Research Firm Financial Analyst. Email me if you might be interestes. click here. I am currently also Blogging with SafeHaven.com / Community.Nasdaq.com and of course here in SA. I also maintain a Private Blog, click here ( http://twitter.com/#!/InvestRotation ). For twelve years, I maintained an International Website - Called: "The MoneyDr." Something to Ponder for those of you that might choose to "Follow" - - or choose Not to "Follow": A little monolog to set myself apart from those who call themselves - "traders": Over all these, many years of managing assets, I have witnessed a large number of tragic situations as told to me by scores of Investors. It quickly became clear to me, early on in my career, that the financial industry is wrought with many divisive ways to separate you from your money. It takes advantage of words and emotion like: greed, fortune, comfortable retirement, etc. while at the same time restricting, if not preventing the you the Investor from understanding how to make money at a fair rate of return and to do so consistently. Over the recent years, "they" (Wall Street) has upped the requirements (complexity) for the average guy or gal to become a successful Investor. That's tragic! Perhaps the biggest lie and sales pitch and flow of miss-leading information is the “Buy and Hold” philosophy, "they" (Wall Street, Mutual Funds, the Media, and Financial Salespersons) continuously pro-pound. B & H has not been a path to successful investing and profits for several decades, and I am sure, never will! I have written many articles with the secondary title: “Why Most Investors and Nearly All Traders Lose Money." It hits hard, and the brokerage community has made life tough for me (retaliation wise) on many occasions over these years. My continuous debunking of their ways and personal goals to a lush financial lifestyle, using your money, is simple not on their agenda. The reality regarding Wall Street is that they want to make money off you, not With or For You! They are smarter (within their field) than the average Investor, in particularly by just knowing how things work, but never sharing the simple – How To - with YOU. I continue to believe that these truths and facts should be well understood by Investors, but unfortunately, and apparently it/they are not! For me, simple logic says that any professional is better trained, within their given field, then the lay or inexperienced person. Investors seeking only a fair and honest flow of profits as well as information and data are frequently disappointed. There is now a new and equally serious problem as is the Buy and Hold philosophy. It’s the Investor backlash to B & H, which is called Day Trading. DT is the new "" In "" answer, but once again people are not taking time to realize that "Investing" is much different than Day or Fast Trading. Since Day Trading began the statistics complied by Lipper Analytical Services and Yankelovich Partners clearly show that this too (Day Trading or Fast Trading) is a Big Loser for the average guy or gal. These two companies are highly regarded in the field of providing statistical information and data as well as offering excellent articles on and about the financial industry. See Google regarding these companies. "Investing Wisely" is kind of my handle and the methodology I have developed over the years is quite unique. I publish information about - how I go about making money, which is available upon request. I would like to ask you to ponder / think for a minute or so about the following question: Who and What is your current broker or financial advisor? Sure, many if not most have great credentials, and often a great deal of charisma, but it remains an undesirable fact that these people are simple “Salespersons." Is your medical Doctor or are your best friends – salespersons? In baseball talk, that’s (strike one through strike three all in a pitch - or did I mean sales-pitch?). You as an Investor have little choice or alternative but to deal with these highly motivated financial representatives. That's tragic. Understanding these facts and concepts is the first step to your positive financial future and peace of mine. Next on the list is finding an advisor / mentor, who will teach and share facts and truth with you, on a personalized basis, before you invest, not after you have lost a great deal of money. I'm sure that we all understand that the cyber world has been permanently injected into our lives and lifestyle. Financial Blogs abound with an over-flowing supply of information and opinions. Most of which is often incorrect and filled with very persuasive salesmanship! Therefore, I regret to say / agree that, it is clearly difficult to find such an experienced and trustworthy professional to mentor and assist in guiding you through a profitable process of "Investing Wisely." My advice is - keep digging until you find such a professional. Ask tough and direct questions to what appears to be an experienced and trustworthy advisor and, over time, see if his or her answers and communication have substance and give you a feeling that this professional honestly cares about YOU. Don't forget, the job description - it is to make money, and this is serious stuff. I think you will find that the time you give to the consideration and evaluation of my work / analytics will be very profitable for you. Thanks for taking the time to read my bio, I hope you can find the "right" professional "just for you" in all the important disciplines of life, and you can prosper financially with a smile. Steven H. Bauer, Ph.D.

Barrick Gold Corp. - The Glitter Went Away and I Called it to the Oz.

Barrack just does not have the fundamentals or comparable valuations to other Gold Mining Companies to be leading Gold out of its doldrums.

My previously written articles on ABX (just click) provide you the history of my forecasting, its accuracy and support for my performance. For over 50 years my management objective is to identify changing trends for my forecasting analytics. I simple want to have current notes to quickly refer to on the anticipated direction of this company and its industry peers.

My Performance for Barrick Gold can be found below and is over 27% per year for the 3 year holding period.

My management 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.

A Special Note for Seniors & Retired Investors - Dividend Yield: 1.07%

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.

Growth and Aggressive Growth Investors

My Mission is to provide guidance and direction for conservatively providing consistent annual and superior profitable results for each Formal Recommendation I make to my Clients.

The Difference Between You and the Pros: Clearly you should be profitable and making money by owning Barrick Gold. Via my Emails, I have found that many Investors are struggling with other securities they are holding. I have offered direction to hundreds of Investors and can share with you why you are perhaps holding losing securities and provide a conservative and low risk remedy.

Forecast w/ 5 Year Performance

Note: The below Table is for your review, questions and perhaps thoughts. If you are seeking to "Invest Wisely" in my "Growth & Aggressive Growth - Asset Allocation Model" - - please Email me to open a dialog on how I go about providing super performance with a very low threshold of Risk.

Special Note: In this article on Gold I have very profitable completed Forecasting and Owning select Gold securities during the above Bullish Cycle and am now working in and with the below Bearish Cycle.

I do not share with the Investing Public my Short Sale Positions during Bearish Cycles - they are exclusively for my Clients with an Asset Allocation Model of "Aggressive Growth."

However, I do continue to share my Forecasts with all. As for Formal Recommendations - they are private thing between myself and my Clients.

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

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."

That means: I am continuing to HOLD-CASH - for Southern Company. Profits were taken as indicated below. For Guidance and Direction of your portfolio(s) - - - I do respond to prospective Client's - Questions and Thoughts.

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.

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

Fundamentally - ( weighting - - 40% ): My Analytics (weighting) for my Fundamental Valuation play a vital role in profitable managing money. At this time my Valuations of (ABX) are not as positive at perhaps you are being told by other sources. Plainly stated they are Improving and then Descending again. This does not make for a positive fundamental valuation of any Company.

Technically - ( Weighting - - 35% ): Even with this fine Company, my Indicators are notably breaking down. It is only currently slightly off its 2011highs of $52 selling for $18. The next rally is coming soon and that will tell a compelling story as to the future direction of the price of (ABX). Buying now is just bearing unnecessary Risk.

Consensus Opinion - ( weighting - - 25% ): My third pillar of Research is one that is ALWAYS distorted to the Positive by most all financial analysts. That's because they are afraid of being Bearish. I Am NOT! My articles on "Reality" are supportive of the below 20 year Chart.

I will personally and promptly reply to any serious investor's inquiry as to my very cautious position for (ABX) !

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 do their homework and "Invest Wisely." Barrick Gold Corp. (ABX) has taken some big hits over the years.

URL for (20-years of -(ABX): http://stockcharts.com/h-sc/ui?s=ABX&p=W&yr=20&mn=0&dy=0&id=p73701592352&a=310617060

Selectivity

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), (NSU), (RBY), (TRX), (FNV).

For a Daily Input and Deeper View of my Work / Analytics you might want to Click, and scroll down to my "Thumb-Nail" articles:

Personal Blog. I post every day. Just Click - - > http://investingwisely-rotation.blogspot.mx/?spref=tw

If I can be of help with guidance and direction in the management of your portfolio(s) just Email me. Serious Investors Only - Please!

senorstevedrmx@yahoo.com

Smile, Have Fun, "Investing Wisely,"

Dr. Steve

ABX, KGC, AUY, NEM, IAG, GG, EGO, GFI, ANV, AU, HMY, BTG, AUQ, NG, AEM, BAA, GOLD, RGLD, SA, SAND, NSU, RBY, TRX, FNV

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