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XMFSinchiruna (26.76)

February 2008



Very instructive to track the historical ratio between gold and the Dow...

February 27, 2008 – Comments (15) | RELATED TICKERS: CEF , GLD , IAU

Again... the chart says it all.... this commodities super-cycle won't be over until we get well below that green zone.  In 1980 we almost achieved parity between gold and the dow, and I suspect we'll get close again this time around... but at least much closer tham where we are now (just over 13)




More fun with charts... Price of Gold vs. Net Short Positions

February 27, 2008 – Comments (0) | RELATED TICKERS: GLD , CEF , SLV

How about this one:  [more]



A chart I've been meaning to share for a long time...

February 27, 2008 – Comments (0) | RELATED TICKERS: CEF , GLD , SLV

But I didn't know how.  Thanks to CAPS user AnomaLee for helping me/us out.

The chart is self-explanatory, in my opinion... and places both the commodities bull market and the housing market into perspective.



Mixed Signals: a Re-Structured Analog Devices Braces for Recession

February 26, 2008 – Comments (0) | RELATED TICKERS: ADI , TXN , STM

For a company that builds the brains of devices that help them work together, Analog Devices (NYSE: ADI) sure doesn’t play well with others. First of all, their name is incomplete, although a name like “Analog, Mixed-Signal, and Digital Signal Processing Integrated Circuits Inc.” might not have the curb appeal they’re looking for.   [more]



#1 Optimist in CAPS this Weekend... :)

February 24, 2008 – Comments (10) | RELATED TICKERS: AEM , KGC

CAPS is the most ingenious investor's tool out there.  Where else can you track the relative performance of your investment ideas in real time against an enormous community of more than 45,000 fellow members?  As long as your rank is rising, you know you're on to something that's working, and if you're falling back in the pack, chances are you're also losing money in real life and your portfolio needs some tweaking.  [more]



Kaiser is the Wiser Miser

February 22, 2008 – Comments (0) | RELATED TICKERS: CENX , AA , ACH

If I were to tell you of an aluminum company that was firing on all cylinders, paying down debt and increasing production capacity while recording record profits, you’d assume I was talking about a foreign company… would you not?  With a name like Kaiser Aluminum (NYSE: KALU), I’d understand if you thought it was German.  Surprise… Kaiser Aluminum is ‘Made in the USA’, in the great state of KALUfornia.        [more]



Brazilian Miner CVRD (RIO) Negotiates a Monster Increase in Iron Ore Prices

February 19, 2008 – Comments (1) | RELATED TICKERS: RIO , BHP , RTP.DL

In the ongoing debate over the extent of coupling or de-coupling between the U.S. economy and the emerging markets, a compelling argument for de-coupling emerged this morning from the sun-drenched ‘Paraiso Brasileiro’. The result may just have investors in iron ore producer CVRD (NYSE: RIO) dancing samba in the streets.   [more]



A snapshot of Yamana from last Fall, and something to compare the upcoming Q4 results to.

February 16, 2008 – Comments (4)

With the quarterly and year-end earnings release on the horizon for Yamana, I though it timely to post this analysis I wrote after their third quarter earnings statement.  Yamana might just be the best-positioned player in the gold patch, provided they continue to deliver the free cash flow, organic production growth, and low production costs that have brought them this far.  [more]



Money in the Bank (of America)?

February 13, 2008 – Comments (2) | RELATED TICKERS: BAC

After mounting an impressive recovery of nearly 30% from its recent lows, Bank of America has some investors wondering whether a long-term bottom has been established, or whether further downside risk remains tucked away in the vault.  With a close inspection of their latest earnings statement, and a look at their proposed acquisition of Countrywide Financial, let’s crack the vault and peer inside. 

There’s no question that the 4th Quarter of 2007 was a tough one for Bank of America.  After posting net income of $5.2 billion in the 4th Quarter of 2006, their gains plummeted to $215 million, or $0.05 per share for Q4 2007.  The decline resulted almost entirely from a $5.3 billion loss incurred by “writing down” a portion of its debt related to the subprime crisis.  By comparison, Merrill Lynch and Citigroup have each written down $20 billion or more to date.    [more]

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