Skip to Content
scroll

Barrick Gold (GOLD US)

$US 22.465
image description
What does Bull and Bear mean?

Market Matters View Point?

bear
Market Matters
bull
MM likes GOLD for another 10-15% upside

OPINION

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%.   

Read more

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...

Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more

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%.

Read more

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.

Read more

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.

Read more

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.

Read more
more

ACTION

GOLD US
UPDATED 01/03/2022 17:31
MM likes GOLD for another 10-15% upside
Add To Hit List
GOLD US
UPDATED 20/01/2022 17:22
MM remains bullish gold into 2022
Add To Hit List
GOLD US
UPDATED 20/12/2021 16:48
MM likes precious metals into 2022
Add To Hit List
GOLD US
UPDATED 09/11/2021 07:15
MM remains bullish gold into Christmas
Add To Hit List
GOLD US
UPDATED 16/06/2021 06:21
MM is bullish precious metals medium-term
Add To Hit List
GOLD US
UPDATED 17/03/2021 09:04
MM are buying GOLD in the International Equities Portfolio initiating with a 7% weighting around $US 20.70
Add To Hit List
image description

Global gold miner

Barrick Gold (GOLD US) is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa.

chart
image description
Gold ($US/oz)
chart
image description
Barrick Gold Corp (GOLD US)
chart
image description
Gold ($US/oz)
chart
image description
Gold Cash ($US/oz)
chart
image description
Gold ($US/oz)
chart
image description
Gold Spot ($US/oz)
chart
image description
Gold ($US/oz)
chart
image description
Barrick Gold (GOLD US)
image description

Relevant suggested news and content from the site

Back to top