photo credit: BorsheimsJewelry These days, everyone is riding on the back of Berkshire’s (BRK.A) (BRK.B) recent Barrick (GOLD) position. Gold bulls see it as a victory indicating that grandpa Buffett, finally, subsided to the evidence that America is doomed, and he needs a hedge. Gold bears, on the other hand, are enthusiastic about the fact… Read More Dissecting Berkshire’s new position in Barrick
Summary The EU countries reached a deal for an economic recovery plan. The amount will likely be insufficient. However, the way it is structured opens interesting possibilities, and it might be a threat to the dollar. Photo credit: Christine und Hagen Graf The EU has just announced the deal for an economic recovery plan. The deal seems… Read More The First Hole In The U.S. Dollar
Summary The company missed the COVID-19 play, even though the work-at-home relies on data usage and storage, which suited Micron. Business practices seem to justify the outcome so far. But, one can make the case that this will change. Early indicators seem to suggest that we are at a turning point. If that materializes in… Read More Micron: Turning The Corner, Without No One Noticing It.
Photo credit: Eric Kilby I have written extensively about why I think that we’re in a bear market rally. Maybe I’m wrong, but it is a thesis worth exploring. At present, it seems like the Fed has full control over all events. The Fed has become ubiquitous, solving every problem with the printing press. It’s… Read More The case for a bear market
Credit to zigtrade Honestly, this one made my day: One hell of a year Aussies for the win! That feeling. Lucky bastards! And, finally, allways remember:
One can make the argument that the best thing emanating from the Randgold takeover by Barrick (GOLD) was the CEO. As the merger negotiations finalized, Mark Bristow became the new Barrick CEO. Mr. Bristow has a remarkable track record as Randgold’s CEO. Picture credit: Mines and Money He credits much of Randgold’s success to the… Read More From Randgold to Barrick: Mark Bristow is revitalizing an old giant
My boy Jerome. My boy Jerome and his relation with bears. Again, from WSB. This one is from the WTF section of the Market Huddle. One of the best business interviews ever: And, remeber: Have a nice week!
Sorrento was Friday’s headline trade. The company’s CEO stunned the world by claiming that Sorrento had a 100% efficient cure for COVID-19. Investors and speculators alike flocked to the company’s stock and sent the price to the moon. This is one of those cases where you have to act fast. (Source: Sorrento) So, here I… Read More Sorrento: Great time for a capital raise
It has been a couple o though weeks for people who think that economics should matter for asset valuations. Therefore, I’ve decided to start a wrap-up on wall street humor. Probably, an effective way to keep sane. I’m already guessing that Wall Street Bets (WSB) on Reddit will be a major supplier: This one on… Read More Wall Street Comic Relief
Summary Tankers were the trade du jour back in April. It was a hit-and-run trade, and now stock prices have corrected heavily. However, it seems that, with all the commotion around negative oil prices, investors have neglected a changing narrative in the industry. Photo: Mark Rain Article also featured on Seeking Alpha Ok, so tankers… Read More Changing The Narrative On Tankers