Barrick Gold (GOLD US)

13/04/2022 08:54

International Equities Portfolio

The portfolio fell -3.34% for the week while cash sits at 8%.  Technology stocks the major drag on performance thanks to higher bond yields over the period, although signs overnight of yields peaking should help. You could throw a blanket over our tech holdings with most down ~6%, Microsoft (MSFT US) was particularly weak down by 8.16%. Barrick Gold (GOLD US) was the best of the bunch up by 5.27%.   

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23/03/2022 09:40

International Equities Portfolio

The International Equities had a great week up +8.27%, while cash sits at 9%. A +44.47% rally from Alibaba (BABA US) and a +35% increase in JD.com (JD US) the main drivers, simply huge gains however we also enjoyed a +21.29% increase in The Trade Desk (TTD US) & a 13.15% increase in Glencore (GLEN LSE). Only 2 stocks fell, Barrick Gold (GOLD US) the weakest link down -1.69% however the main detractor...

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18/03/2022 09:22

Gold ($US/oz)

One area of the market that performed ok during this turbulent time for stocks was gold although it didn’t really explode out of the blocks until later in the decade.

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01/03/2022 09:12

Barrick Gold Corp (GOLD US) $US22.56

We’ve been holding a decent size position in Canadian based Barrick gold for almost a year and its largely been a frustrating journey but another 10% advance would see us holding a 20% profit where we are likely to enter stage left.

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23/02/2022 09:34

International Equities Portfolio

The MM International Equities Portfolio fell 5.5% last week with a negative 1.2% contribution from currency swings – while weakness was again across growth names, industrial company  Deere & Co (DE US) was also sold off on supply chain concerns losing -11.15%, while our position in Barrick Gold (GOLD US) +8.74% performed strongly as investors sought safe havens.

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16/02/2022 09:23

International Equities Portfolio

The MM International Equities Portfolio added 0.29% over the last week, Barrick Gold (GOLD US) +6.03%, The Trade Desk (TTD US) +4.9%  and Freeport-McMoRan (FCX US) +4.11% the standout performers while PayPal (PYPL US) -4.33% and Amazon (AMZN US) -3.38% continue to struggle albeit not in a major way after recent week.

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27/01/2022 09:36

International Equities Portfolio

The MM International Equities Portfolio fell -3.84% during the week while cash remains at 4%. The main headwind on performance primarily came from the technology space, The Trade Desk (TTD) fell -12.23% while Amazon (AMZN US) was off -11.40%, although in the same sector Tencent (700 HK) rallied +5.76% while Barrick Gold (GOLD US) put on +6.47%.

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20/01/2022 09:15

Gold ($US/oz)

Precious metals enjoyed a strong move overnight with gold rallying over $US30/oz taking its to fresh 2-month highs even as the market factors in rising interest rates, a definite example of a market rallying on theoretically bad news. With the $US struggling and bond yields have already popped to multi year highs MM is comfortable with our overweight exposure to precious metals.

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22/12/2021 09:36

International Equities Portfolio

The MM International Equities Portfolio fell 0.57% while cash remains at 4%. The main headwind on performance came from JD.com (JD US) -5.8% and Tencent (700 HK) -4.5% while Trade Desk (TTD US) +5.5% and Barrick Gold Corp (GOLD US) +2.3% helped the cause.

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20/12/2021 09:41

Commodities

Gold caught our eye last week as it rallied in the face of a strong $US, hopefully its not wishful thinking because we are have some decent gold exposure across our portfolios but precious metals are starting to threaten on the upside after a very choppy 2021.

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