(1) BTO.CA Crosses Below Key Price/Book Valuation Level triggered: 10/04/2013

B2Gold is a gold production group with mining operations in Nicaragua and a portfolio of development and exploration assets in Colombia, Nambia, Nicaragua and Uruguay. Co. operates the Libertad Mine and the Limon Mine in Nicaragua. Co. owns or has a material interest in the Gramalote and Mocoa properties in Colombia, the Otjikoto property (Namibia) and the Bellavista property in Costa Rica. Co. also has options to earn an interest in a joint venture in Uruguay with Weeping Apple S.A. and two joint ventures in Nicaragua with Radius Gold Inc. and Calibre Mining Corp., respectively.

ETF.com: Over the past year, frontier markets have done extremely well compared to emerging markets. What are your thoughts on frontier markets?

Marc Faber: I have to go back some time, because the expression “frontier markets” did not exist in the ’80s or ’90s. It’s a more recent expression for markets and economies that haven’t opened up yet and are more recently opening up and joining the global economy. So, what you would have called emerging markets are now called frontier markets. Some of them have colossal booms, and then also colossal declines.

Now, is Vietnam a frontier market or an emerging market? In my book, it’s basically an emerging market. But it’s ranked as a frontier market. And Mongolia is also a frontier market, as are most African markets.
Some of them have had good performance, because the zero percent interest-rate policy of the U.S. means that capital flows somewhere in some kind of assets. Frontier markets are relatively risky assets. Five years ago, all the German dentists were investing in Vietnam, and then it collapsed. More recently, they all wanted to buy Myanmar assets.

But investors must understand, yes, long term, they will grow, but there is an execution risk. I’m the chairman of a fund in Cambodia, and I’m not managing the fund, I’m just the chairman of the board, so I look after investors’ interests, but the manager so far has really failed to perform particularly well, given the strong growth rate Cambodia has, for the simple reason that they invested money in numerous assets that didn’t work out.

So this is not such a simple game. We always have to consider, optically China had macroeconomically the best growth anyone could imagine for the last 15 years. But I wonder who has made money in Chinese stocks. Not many people.

also….

Marc Faber Long China Via Hong Kong

Trouble in Asia will lead to higher Gold demand

Citi’s army of analysts and strategists have examined the universe of stocks they cover and screened them for what they considered to be the 50 “World Champions.”

These companies boast “leading business models and market share,” wrote Citi’s Robert Buckland, Robert Garlick and the global equities research team.

The analysts’ considered three selection criteria: market cap of at least $3 billion; at least a top 3 market share in a third of their businesses; and a global reach as measured by significant revenue outside of their home market.

To narrow it down to the top 50, Citi analysts then looked at both historical financial performance and forecasts of the same measures between 2014-2016. 

We’ve highlighted 20 of the U.S. buy rated stocks and ranked them by estimated total return (ETR). We also pulled a few key quotes from the 212-page note that highlight what makes each of these companies a world champion.

Note: Closing price as of April 17.

Rally Back, Still Going Nowhere

Despite the fact that we remain on a “sell” signal, and technically should be carrying a partially underweight position in equities, the markets have done nothing “wrong” at this point. While the markets broke down last week raising some concerns, it was quickly reversed this past week as market participants bid stocks back up. A large inflow of liquidity from the Federal Reserve was responsible for the sizable reversal last week.

If the markets can breakout above 1880 to new highs, and reverse the current sell signal in the next week, then the bull market trend will remain intact and we will allocate portfolios accordingly. However, support for the Federal Reserve will fall rather sharply over the next couple of weeks creating a bit of void for the markets. Therefore, we will remain cautious for the moment and watch to see what unfolds.

The two charts below illustrate that we are on the brink of moving into a historically weaker period for Stock Markets. Well worth taking a look at this great report – Editor Money Talks

….read the entire report HERE