Beiträge von subwave

  • GOLD : Märkte und Informationen

    Ein wirklich interessanter Artikel zur Entwicklung des Goldpreises über Zyklenbetrachtung:



    DAVID GURWITZ is managing director of Charles Nenner Research. Providing global macro research to a broad class of clients across the world, and increasingly to family offices, over the last decade, Gurwitz specialized in cycles analysis, looking for patterns in where prices turn.
    Here Gurwitz speaks to Hard Assets Investor about his analysis of financial cycles, plus the outlook for gold in particular.
    Hard Assets Investor: You guys made a terrific call in gold a couple of years ago when your research, and the algorithms that you used, called the top at $1900. So I'm very curious to hear what you have to say about gold now, as well as some of these other markets.



    http://goldnews.bullionvault.com/gold-cycles-052820132


  • St. Andrew Goldfields / SAS (TSX)

    ...bin hier die letzten Wochen in größerem Umfang eingestiegen, großer Turnaround deutet sich an, m.E. derzeit der preiswerteste kanadische Goldproduzent mit KGV von 3,5 ! Ein Vergleich mit einem guten post vom 19.02.12 von TheRock auf stockhouse:


    http://www.stockhouse.com/Bull…3054&l=0&r=0&s=SAS&t=LIST


    ..To illustrate this, I will use three gold stocksic which offer insights to these valuations.......SAS, LSG and KGI which all have their mines in the same area in Ontario.
    I shall use their latest reported quarters and annualize them ( X by 4 ) for their annual multiples.
    (....)
    As can be seen, SAS trades at about 3.5 times its Q4( annaulized ) 2011 net earnings and about 2.6 times its Q4 annualzied cash flows ( SAS has over $200 million in forward tax loss pools to offset some taxes on free cash flows.
    (...)However, with SAS trading at just 3.5 times its Q4 annaulzied net earnings versus 20 times for LSG and 30 times for KGI and growing its
    production more rapidly than either KGI or LSG in 2012, there are compelling reasons to invest in SAS rather and than either LSG or KGI.


    (...)This would suggest that SAS, if it continues to improve on Q4 production metrics, fair value at the end of 2012 should be well above the $2 level.

    Edit wg. CR.
    Edel