Money and Finance
While the yellow metal has declined considerably in recent months, gold equities have continued to fare even worse. With today’s sell-off in precious metals, the ratio of the price of gold to the Philadelphia Gold & Silver Index (XAU) reached another new multi-year high.
- Nassim Taleb And Company Optionality…
Via ValueWalk: [For a third rule] I’d say, look for companies that have optionality….Optionality means to have more upside than downside because the company has options. An “option” in this sense acts like a financial option, and a financial...
- Mish Buys A Basket Of Miners
Gold Stock Comments NEM - Newmont Mining: My best value play and weighted accordingly. Price/book is a mere 1.19 and I have no reason to believe book value is overstated. Trailing PE is 10.04 and the dividend yield is 4.10%. What's not to like?...
- Benjamin Roth Quotes (gold Standard)
From The Great Depression: A Diary. These quotes are from November/December of 1931: “During past week wheat went up from 40¢ to 80¢ per bushel. Stocks also push up and claim is made that in 1873 and in 1893 the turn for better came with the rise...
- Greenlight Capital Re's Earnings Call Transcript
Found via Santangel’s Review. The comments below are from David Einhorn. As the market retreated over the past few months, we added to a few of our existing long positions, found a few new investment opportunities primarily in the technology and auto...
- Annaly Salvos: On The Value Of Insurance
How to value gold is an age old frustration. As every schoolboy knows, it yields nothing and so can’t be valued on cash flows. It has very little industrial use. There is, however, a natural human tendency toward the use of currency so gold is an obvious...
Money and Finance
Near Record High Gold/XAU Ratio Prompts Buying in Gold Equities
While the yellow metal has declined considerably in recent months, gold equities have continued to fare even worse. With today’s sell-off in precious metals, the ratio of the price of gold to the Philadelphia Gold & Silver Index (XAU) reached another new multi-year high.
In late Monday morning trading, COMEX gold futures were lower by $9.80 at $1,633.00 per ounce while the XAU – a leading composite of the world’s largest precious metals companies - fell 2.5% to 160.08.
At its current level of 10.2, the gold/XAU ratio reached its highest point since the depths of the 2008 financial crisis; the ratio’s all-time high occurred on October 24, 2008, at 10.72.
- Nassim Taleb And Company Optionality…
Via ValueWalk: [For a third rule] I’d say, look for companies that have optionality….Optionality means to have more upside than downside because the company has options. An “option” in this sense acts like a financial option, and a financial...
- Mish Buys A Basket Of Miners
Gold Stock Comments NEM - Newmont Mining: My best value play and weighted accordingly. Price/book is a mere 1.19 and I have no reason to believe book value is overstated. Trailing PE is 10.04 and the dividend yield is 4.10%. What's not to like?...
- Benjamin Roth Quotes (gold Standard)
From The Great Depression: A Diary. These quotes are from November/December of 1931: “During past week wheat went up from 40¢ to 80¢ per bushel. Stocks also push up and claim is made that in 1873 and in 1893 the turn for better came with the rise...
- Greenlight Capital Re's Earnings Call Transcript
Found via Santangel’s Review. The comments below are from David Einhorn. As the market retreated over the past few months, we added to a few of our existing long positions, found a few new investment opportunities primarily in the technology and auto...
- Annaly Salvos: On The Value Of Insurance
How to value gold is an age old frustration. As every schoolboy knows, it yields nothing and so can’t be valued on cash flows. It has very little industrial use. There is, however, a natural human tendency toward the use of currency so gold is an obvious...