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AngloGold Ashanti Limited (AU)
NYSE - Nasdaq Real Time Price. Currency in USD
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As of 9:38AM EDT. Market open.
500 reactions on $AU conversation
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I don't understand why the stock continues to drop. The company continues to perform well with good prospects and and the PE is quite low.
Filled out 100 share position today.
Sold a put that expires < 1 yr that offers downside protection with a 3.5% return.
Good luck longs.
Is there anyone home.
Ok...Talk shop to myself here.
Going to close hod today!
Good luck longs!
Yahoo Finance Insights
Anglogold Ashanti is up 5.63% to 22.22
Be ready! If the history of slam down on silver and gold futures and options occurs again, watch for indiscriminate waves of selling at the open of the New York COMEX at or around 8:00 eastern time, for the next three days on expiry and assignment. They also hit the market during other slow times when volume is light to run the stops.
This month we also have the return of trading from China which just celebrated its lunar New Year and trading was closed. There could be some pent up buying out there...
$PSLV, $PHYS, $SLV, $GLD, $NEM, $KL, $AUY, $PAAS, $AU, $AG
The notion that virtually 100% of the gold ever mined is available is absolute nonsense. Silver is even more disbursed and unavailable. Gold is held worldwide in the following allocations:
1. 48.5%. Jewelry & art objects.
2. 29.5% Investments (coins and bullion).
3. 14.5% Central Banks.
4. 7.5% Technology (medical/dental/electronics/coatings).
The amounts of gold and silver held by the COMEX and LMBA are minuscule in comparison to the overwhelming demand by private citizens, central banks, investors and technology.
Private and corporate citizens can take control of the above ground supply rather easily.
$PHYS, $PSLV, $GLD, $SLV, $AUY, $KL, $PAAS, $AG, $AU, $NEM, $GLNCY, $SLW, $HL
Yesterday they announced very good quarterly and yearly results. Why is this stock not moving? It is so cheap that AU becomes at this price a take over target.
Yahoo Finance Insights
Anglogold Ashanti is up 5.44% to 20.94
why do i have this stock going nowhere
The price of gold is down again but most of the miners are up. Those manipulating the price of GOLD are probably saddened by that !!!!
Next Lithium play primed to go on a run is TTX Tantalex Resources!! Huge volume lately and finally today big PR with three important advancements. 1. Drill at their Lithium property. 2. deal for a Tantalum refinery. 3 Purchase of a new Niobium-Tantalum property in Quebec. Breakout tomorrow. See yourself!
"Stand For Delivery" Are the most feared words for the short sellers of futures contracts. With the Federal reserve monetizing $120 billion per month and a fresh $1.9 Trillion stimulus package about to pass, gold and silver are about to take another leap higher. With or without the reddit/Robinhood traders the price is likely to explode. It will be faster with them! ;-)
I prefer the mining stocks as they are leveraged to the metal and most are trading at depressed levels even though they are immensely profitable. My favorites are: AUY and KL, some of the others in this sector are also great buys. Not at all interested in GLD or SLV as they are paper hangers...
$AUY $KL $NEM $ABX $EGO $AG $AU $SLV $GLD $AAL $GOLD $KGC $IAG $PSLV $PHYS
With the Federal reserve Injecting at least $120 billion dollars per month into the markets and $1.9 trillion in stimulus printing, it is obvious that the silver and gold markets are going to explode. For gold there are 92 paper ounces for every physical ounce. Silver numbers I have seen are all over the place but probably higher even than gold. GLD and SLV are not the place to put your money as their holdings are often paper contracts. The big silver and gold miners are the ticket to success as money starts to pour into these heavily shorted commodities...
$AUY $KL $GLD $SLV $NEM $AU $AG $GLN $BB $GME $AAL $BRK-B $AMC $KGC $EGO $AEM $IAG
This is a good entry, picked up 50 shares
Yahoo Finance Insights
Anglogold Ashanti is down 6.58% to 21.35
We are in the early stages of gold bull market. Anglogold is third largest by production, largest footprint in Africa, wisely divested of South African assets, pursuing new projects in Australia, Columbia, US. This is my pick for major. On the move, active, productive, incredible history. I do a lot w juniors. But this is my major producer pick.
The gold miners rally has begun... Sharks, Whales, and even the small LoneChubs are flocking into the feeding frenzy.... #CDE, #ABX, #NEM, #GOLD, #AU are just a few that are getting chomped up....
At the current price of gold, AngloGold will earn about a billion dollars in profit in 2021. That puts the P/E around 10. This stock is an amazing value at this price.
Buy AU now. Yes it's up a bit but there is more upside.
I wish I could take credit but GOLDMAN SACHS released a bullish report on gold today.
I researched a little and I believe they're correct. The dollar can't stay up forever.
AU is well positioned in a lightly regulated friendly Ghana.
In less than one month, AU investors earned 40% or more. Is that great? It will continue with lower US dollar, increased central bank gold purchase and trade war worry. The only way is up.
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