"High gold prices and low debt costs make now a great time for major gold producers to seek and acquire junior gold companies," says Ian Wyatt.

The editor of Top Stock Insights explains, "I have singled out what I believe could be a potential takeover candidate: IAMgold (IAG), a mid-tier Canadian gold miner.

"Although we emphasize that this is a speculation, we believe the company could be a takeover candidate by large South African miners, perhaps by such companies as Gold Fields or AngloGold Ashanti.

Continue reading IAMGold (IAG): Takeover Speculation?

IAMGold (IAG): Takeover Speculation? originally appeared on BloggingStocks on Fri, 01 Oct 2010 13:00:00 EST. Please see our terms for use of feeds.

Continue reading Closing Bell: Goldman Sachs Kills the Market (GS, GE, BAC, PFWD, ORCL, AU)

Closing Bell: Goldman Sachs Kills the Market (GS, GE, BAC, PFWD, ORCL, AU) originally appeared on BloggingStocks on Fri, 16 Apr 2010 16:20:00 EST. Please see our terms for use of feeds.

AngloGold Ashanti Ltd. (NYSE: AU) is one of the largest gold mining operations in the world.

The gold cult has made this company very wealthy -- AU has a current market capitalization of more than $15 billion.

I highly doubt the jewelry market could support that valuation, but the wacko gold bugs certainly do.

Continue reading Gold stock to sell #2: AngloGold Ashanti (AU)

Gold stock to sell #2: AngloGold Ashanti (AU) originally appeared on BloggingStocks on Sat, 12 Sep 2009 13:00:00 EST. Please see our terms for use of feeds.

Gold at $1,000. Better buy now or you will miss the greatest invention since tulips in the 1800s.

Or so they say. I say, what a bunch of baloney. Why on earth would I want to put hard-earned cash on something that may look pretty but has no real tangible value?

That's right, gold has no tangible value. Well, that's not entirely true since there is a vast cult of worshipers out there that say gold is the only thing with value. As a result of their die-hard belief, gold actually does have value, as we now see with AU trading for $1,000 per ounce.

Continue reading Gold is losing its shine: Five to sell now

Gold is losing its shine: Five to sell now originally appeared on BloggingStocks on Sat, 12 Sep 2009 09:00:00 EST. Please see our terms for use of feeds.

As earnings season begins to wind down, some apparel retailers are scheduled to report quarterly results this week. Analysts polled by Thomson Reuters anticipate that Walmart Stores Inc. (NYSE: WMT), the 800-pound gorilla in the space, will report that it earned $0.77 per share in the first quarter, about the same as in the first quarter of last year. But JCPenney Co. (NYSE: JCP), Kohl's Corp. (NYSE: KSS), Nordstrom Inc. (NYSE: JWN), and Urban Outfitters Inc. (NASDAQ: URBN) are expected to report lower profits for the first quarter as consumers continued to hold off on spending. Macy's Inc. (NYSE: M) and Abercrombie & Fitch Co. (NYSE: ANF) are expected to have swung to a loss year over year.

Whole Foods Market Inc. (NASDAQ: WFMI) and Winn Dixie Stores Inc. (NASDAQ: WINN) are likewise expected to report declining earnings, while the Great Atlantic & Pacific Tea Co. (NYSE: GAP), parent of the A&P supermarket chain, is expected to have narrowed its net loss 68.9% to $0.28 per share.

Continue reading The week in preview: A peek at apparel retail earnings

The week in preview: A peek at apparel retail earnings originally appeared on BloggingStocks on Sun, 10 May 2009 12:30:00 EST. Please see our terms for use of feeds.

Just after the close yesterday, Newmont Mining (NYSE: NEM) guided up 2009 production and guided 2009 cash costs lower. NEM also announced that it would be purchasing the remaining interest in its majority owned Boddington Mine from Anglogold Ashanti (NYSE: AU) (which equates to 6.6 mln reserve ounces). That's an increase of 8 percent in NEM's Proven & Probable (P&P) reserves at a price tag of $1.2 bln, which will be raised via an equity offering of 19 mln shares.

Based on NEM's 441 mln shares outstanding, we're looking at dilution of just over 4 percent. Thus, in theory, the deal is not even dilutive, given the 8 percent increase in P&P reserves that the company is acquiring with only a 4 percent dilution in equity. Based on what I have seen so far, this looks like a spectacular deal for NEM.

Continue reading Newmont strikes a deal

Newmont strikes a deal originally appeared on BloggingStocks on Wed, 28 Jan 2009 12:19:00 EST. Please see our terms for use of feeds.

Continue reading Gold prices drop and take several gold stocks to new 52 week lows

Gold prices drop and take several gold stocks to new 52 week lows originally appeared on BloggingStocks on Thu, 23 Oct 2008 16:40:00 EST. Please see our terms for use of feeds.

"Don't sell commodities; although they have been in a bruising correction, they can also recover quite sharply," says resource expert Eric Roseman .

In his Commodity Trend Alert, the advisor adds, "And I can't think of a more undervalued gold mining company than South Africa's AngloGold Ashanti (NYSE: AU)."

"The forces of inflation and deflation are now fighting each other for the first time since 2001 and ultimately, inflation will win. For the Fed and other central banks the strategy is to rescue the global financial system from the economic abyss or deflation; that means print credit like there's no tomorrow.

"For the Fed and other central banks the strategy is to rescue the global financial system from the economic abyss or deflation; that means print credit like there's no tomorrow.

"The Fed, the ECB, the Bank of Japan and their international buddies are going to accelerate the expansion of credit to avoid a devastating deflation. Thus, I'm betting on inflation. I'm also betting on gold, my gold stocks.

Continue reading AngloGold Ashanti (AU): 'Too low to ignore'

AngloGold Ashanti (AU): 'Too low to ignore' originally appeared on BloggingStocks on Fri, 22 Aug 2008 13:58:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Merriman downgraded shares of Level 3 Communications Inc (NASDAQ: LVLT) to Neutral from Buy, as they believe the risks outweigh the rewards until the company can complete its integration and turn FCF positive.
• BT Group Plc (NYSE: BT) was downgraded to Equal Weight from Overweight at Lehman to reflect the company's slowing revenue growth.
• Bear downgraded Limited Brands Inc (NYSE: LTD) to Peer Perform from Outperform, citing the unfavorable macro backdrop, execution issues and management turnover.

• Societe Generale lowered its rating on GlaxoSmithKline Plc (NYSE: GSK) to Hold from Buy.
• Morgan Stanley downgraded Cox Radio Inc (NYSE: CXR) to Equal Weight from Overweight.
• UBS dropped Anglogold Ashanti Limited (NYSE: AU) to Neutral from Buy.

Analyst downgrades: LVLT, BT and LTD originally appeared on BloggingStocks on Fri, 08 Feb 2008 09:57:00 EST. Please see our terms for use of feeds.

Gold shining through production woes originally appeared on BloggingStocks on Fri, 25 Jan 2008 09:30:00 EST. Please see our terms for use of feeds.