Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Horgad who wrote (161349)	8/17/2020 9:06:13 AM
From: Pogeu Mahone	Respond to of 217592

If there was a treatment or vaccine but there is not.. Your proposal sounds reasonable. BUT (I already posted this) Wartime doctors battling covid-19 rush to treat the ill — but without knowing what really works Carolyn Y. Johnson 14 hrs ago

To: Horgad who wrote (161349)	8/17/2020 4:16:27 PM
From: TobagoJack	Respond to of 217592

It is too early for Buffett’s tiny half a billion (minute against Berkshire Hathaway book) move into Barrick Gold to mark the top, so must treat it as continuation of positives. BRK might catch the bug and like the result. bloomberg.com Gold Miners Jump With Berkshire’s Barrick Bet Fueling Demand Justina Vasquez Warren Buffett Photographer: Bloomberg/Bloomberg Barrick Gold Corp. advanced the most since March, leading a surge in precious-metals miners after Warren Buffett’s Berkshire Hathaway Inc. added the company to its portfolio. Barrick, the world’s second-largest miner of the metal, jumped as much as 12% and a Bloomberg Intelligence gauge of senior gold miners climbed after Berkshire on Friday reported a purchase of 20.9 million shares as of the end of the second quarter. Greenwood Village, Colorado-based Newmont Corp., the largest producer, also gained Monday, along with Kinross Gold Corp. and Harmony Gold Mining Co. Gold miners are benefiting as near-record bullion prices boost profit margins and help them lure back generalists who fled the sector years ago. In the past, Buffett, the billionaire chairman of Berkshire, cautioned against investing in the metal because it’s not productive like a farm or a company. The filing shows moves made by Buffett or his two investing deputies, Todd Combs or Ted Weschler. “Seeing Buffett come into the space is obviously very interesting and it will spark a bit more general interest,” Bryan Slusarchuk, chief executive officer of Vancouver-based Fosterville South Exploration, said in a telephone interview. “The sector is relatively small so when you see just a small change in sentiment added, it doesn’t take a huge shift in asset allocation to drive the gold equities higher.” Streaming companies, which provide upfront payments to miners in exchange for the right to buy metals at a discount in the future, also rose on Monday. As real interest rates remain below zero and governments from the U.S. to China work to provide economic relief from the toll of the coronavirus, analysts including those at Goldman Sachs Group Inc. see further increases for the metal. Goldman’s Jeffrey Currie said Thursday that “we’re not out of this crisis yet,” and that stimulus could last into 2021. “There’s still a substantial amount of demand for gold and silver, in particular from retail accounts,” Daniel Ghali, a commodities strategist at TD Securities, said by phone. “We are, in my opinion, in a speculative frenzy here, and so this news helps to convince these speculators to add to gold, considering that the Oracle of Omaha is stepping in.” Toronto-based Barrick advanced 11% to $30 at 1:05 p.m. in New York after rising the most intraday since March 24. Newmont added as much as 6.7%, while the BI Global Senior Gold Valuation Peers index of 13 producers climbed 4.8%. Spot gold rose 2.1% to $1,985.83 an ounce in New York. Prices have surged more than 30% this year and reached a record $2,075.47 earlier this month. (Updates with comments from mining executive and analyst in fourth and seventh paragraphs) Before it's here, it's on the Bloomberg Terminal. LEARN MORE Sent from my iPad