by Clave Bursátil | 20/04/2025 07:01 AM | GOLD
📉 Severe Underperformance: Despite gold prices soaring, Barrick Gold's stock price remains significantly depressed, trading far below its historical highs.
😴 Labeled a 'Mummy': The analyst explicitly calls Barrick the 'most mummy' of gold miners, highlighting its lack of upward momentum compared to the commodity it mines.
🤔 Questionable Execution: The stark contrast between the high price of gold and Barrick's stock performance raises questions about the company's operational efficiency or production issues.
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by Clave Bursátil | 20/04/2025 07:01 AM | AEM
📈 Strong Performance: Unlike some peers, Agnico Eagle's stock is hitting new highs, closely tracking the strong performance of gold.
🚀 Bullish Technicals: The stock executed a bullish 'mast and flag' pattern, suggesting further potential upside towards $30 based on the technical projection.
💰 Shareholder Value: Agnico Eagle is highlighted as a preferred miner, noted for paying good dividends and making strategic acquisitions like part of Yamana Gold.
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by Clave Bursátil | 15/04/2025 03:22 PM | Blog
📊 Analysis suggests potential high returns from investing in Peso fixed-rate bonds (like T15E7) funded by selling dollars, even considering future dollar appreciation scenarios.
⚖️ The strategy's success heavily depends on the stability of the current exchange rate policy; post-election changes represent a significant risk.
🌍 New regulations allowing foreign investors (with a 6-month minimum stay) could increase USD supply, potentially supporting the carry trade environment in the short term.
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by Clave Bursátil | 15/04/2025 03:22 PM | GD38
📈 Hard dollar bonds have recovered, re-entering their previous upward technical channel after a dip.
⏳ Longer-duration bonds like GD38 are preferred over shorter ones (like AL30) as they currently only pay coupons, avoiding complexities from capital repayments (amortization).
💰 Anticipation of upcoming coupon payments in July, potentially supported by IMF funds, suggests further price appreciation potential for these bonds.
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by Clave Bursátil | 15/04/2025 03:22 PM | TZB25
📉 Dollar-linked instruments generally underperformed the recent dollar jump, as much of the move was already anticipated and priced in before the Cepo removal.
🚪 The "Puerta 12" effect was observed: devaluation occurred long before maturity, leading to selling pressure after the event as the bonds lost their primary appeal.
🤔 While some bonds like TZB25 or corporate ONs (Gemsa, Sami) now trade at potentially attractive implicit dollar rates (below the official rate), their appeal is diminished post-devaluation, and company-specific risks remain.
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