Corn Products is the largest producer of dextrose in the world and manuctures starches, high fructose corn syrups and glucose.

The company provides a variety of ingredients to customers in 60 industries including food, beverages, pharmaceuticals, animal feed, corrugating, and textiles in 50 countries around the world.

Corn Products Beat By 9% in the Third Quarter

On Oct 27, Corn Products reported its third quarter results and surprised on the Zacks Consensus for the 3rd time in the last 4 quarters.

Earnings per share were $1.20 compared to the consensus of $1.10. That is a jump of 48% versus last years 81 cents per share.

Sales jumped to $1.6 billion from $1.02 billion a year ago. Sales were up in all of the companys geographic regions.

Europe, Middle East and Africa led for the quarter with sales jumping 128%. It was helped by the National Starch acquisition.

North America and South America are its 2 largest markets and both saw sales jump 54% and 33%, respectively. Exports to Mexico continue to be strong. South America also continues to have strong food, beverage and brewing demand.

The company has also been able to cover higher input costs by raising prices.

Raised the Lower End of Its Guidance Range

With another strong quarter behind it, Corn Products raised the lower end of its guidance range for 2011 to between $4.62 and $4.72.

It expects sales to exceed $6 billion for the year.

Zacks Consensus Estimates Rise

Analysts liked the bullish outlook. 7 out of 7 estimates for 2011 have risen since the earnings announcement. That has pushed up the Zacks Consensus to $4.69 from $4.51.

That is earnings growthvalue versus growth stocks of 45%. The company made just $3.24 in 2010.

The growth is expected to slow in 2012 to just 8.3%. But 7 estimates have also moved higher for 2012 in the last week which has pushed up the Zacks Consensus Estimate to $5.08 from $4.97.

Great Recession Rally Is Over

Shares have been on a tremendous run since 2009. But this summer, the rally pattern finally broke as stocks sold off.

Corn Products remains a value stock however.

In addition to a P/E under 15, which is the cut-off I use for value, it also has a price-to-book ratio of 1.8. A P/B under 3.0 usually indicates value.

It also has a price-to-sales ratio of only 0.6. A P/S under 1.0 usually means a company is undervalued.

Corn Products has growth and exposure to hot emerging market economies. This is one value stock to keep an eye on.

href= rel=nofollow>CORN PROD INTL (CPO): Free Stock Analysis Report

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Baker Hughes Incorporated (BHI) is a worldwide supplier of oilfield products, technology and services for the drilling, production, refining and processing of oil and natural gas, with operations in more than 80 countries. BHI operates under five reporting segments in terms of geography– North America, Latin America, South America, Middle East/Asia Pacific and Europe/Africa/Russia. The revenues have shown a consistent increase over the last 10 quarters with an EPS growth rate of 175% in the last 4 quarters alone on a TTM basis.

A $27 billion enterprise, BHI trades at a price earnings multiple of 19.30, well below the industry average of 25.78 times. BHI has delivered a quarterly revenue growth of 40% as compared to 25%, for its closest competitor, Weather Ford International (WFT). BHI is currently trading at $57.99, around the middle of its 52-week range of $81- $41.91, and with a 5-year average return on equity of 19.35%, it beats the industry average of 15.92%.

BlackRock Inc (BLK) is an investment and risk management company providing services to a variety of clients, including but not limited to institutions, retail investors and even HNI individuals with a focus on customized solutions. BLK is a global player with investments in nearly every major capital market, not to mention fixed-income securities, mutual funds, ETFs and money market instruments from around the world. With a market capitalization of $28.26 billion and an enterprise value of $31.78 billion, an increase in quarterly revenues at 6% and a net profit margin of 25.73% (above the industry average of 15.37%), BLK should be in your New Year portfolio!

BLK is currently trading at $157.79, near the 52 week low in a range of $209.77-$137, with a price earnings multiple of 12.41 times, it somewhat more expensive than the industry average would indicate, at around 9.5 times, although the more than healthy dividend yield of 3.49% meets the industry par. The 5-year EPS growth rate of BLK hits peers such as T Row Price Group (TROW) and Affiliated Managers Group (AMG) out of the park, at 24.71%, beating 9.87% and negative EPS growth, respectively.

Charles River Laboratories International Inc (CRL) is a clinical research solutions provider, offering research models, preclinical and other related services, which help in accelerating the process of drug discovery and development. It reports revenues under two operating segments, research model and services, and preclinical services, contributing 58% and 42% to the revenues, respectively. The stock is currently trading at $32.28, near its low in the 52-week range of $42.84- $26.85, which makes it an attractive buy at the current pricing levels.

The price earnings multiple of less than 50 times, where competitors trade at an average of over 120 times, makes the stock a relative bargain. Apart from pricing, however, the stock does offer some reason for caution — a less than average current ratio of 1.98, versus 3.66 for the industry, and excessive debt at over 100% of equity. The stock is going through a bad phase; however, the silver lining may be the operating margin of 16.67%, which beats major peers such as Pharmaceutical Product Development, Inc (PPDI) at 14.84% and Covance (CVD) at 9.27%. Furthermore, after the dismal December 2010 performance in earnings, the stock has seen recovery for the first two quarters in 2011.

ConocoPhillips (COP) is a start-to-finish, a.k.a. integrated energy company with operations in crude oil, natural gas, coal (worldwide), as well as processing and marketing petroleum products. The company also transports its own oil across the USA as well as some other markets in Europe and Asia. The stock last traded at $69.65, well below the 52-week high of $81.8.

A $115 billion enterprise value company, COP reported a quarterly revenue growth of 28% on a year-on-year basis, beating competitors such as Chevron Corporation (CVX) and Exxon Mobile (XOM) with 30% and 36% revenue growth, respectively. COP provides a dividend yield of 3.79, nearly twice the industry average of 1.54, and a price earnings multiple of 8.92 times, where the industry average is nearly double at 18.47 times. Furthermore, the price earnings is near the 5-year low, the stock a bargain bin purchase.

Sirius XM Radio Inc. (SIRI) is a premier music, sports, news, weather, entertainment broadcaster in the United States, based on paid subscriptions, transmitting via 135 satellite radio channels and the internet. The company provides services using devices from Apple (AAPL) and RIMs (RIMM) BlackBerry. The company has over 20 million subscribers, not including institutional deals with automakers and retailers to ctory-install company-manuctured radios in their vehicles.

A $9.20 billion enterprise value company, SIRI is expensive, with a price earnings multiple value versus growth stocksof 61 times, while the industry average is just about 19 times. However, with a return on equity of 70.41% and a return on assets of just about industry par, the company is worth a second and even third look. SIRI reported an earnings jump from last year in the 2nd quarter of 2011, with a nearly 10-fold increase, almost doubling net income to 173 million compared to just 78 million in Q1 2011.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I am an American trader and a Vanderbilt University alumnus currently living in San Francisco. Im mostly interested in income investing using dividends, preferred stocks and other debt instruments, and pair trading. I fundamentally analyze every business from the top down. In my personal life,…More

The Warren Buffett Approach

Two Undervalued Retail Stocks

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I dislike politics–partly because I shy away from anything thats controversial. I enjoy a good discussion, but I am not the combative type. And I dont like watching politicians and others who jump at the chance to get in front of a camera and lash out at their opponents. Good things seldom come from a negative approach.

Many Americans, including yours truly, are fed up with the political bickering in Washington, which has produced mayhem and gridlock. Of course, everyone from politicos to professors to reporters have offered up suggestions to resolve the gridlock: Rewrite our 224-year-old Constitution, enact term limits on Congressmen and women and throw the bums out by electing a new team.

Even Warren Buffett got in on the act and offered a solution: I could end the deficit in five minutes, he told CNBC. You just pass a law that says that anytime there is a deficit of more than 3% of P, all sitting members of Congress are ineligible for re-election. I like that one, even though it probably wouldnt get any votes.

What is the solution to the nations problems? (By the way, there are several other nations with exactly the same problems.) In my opinion, there is no short-term solution. But there could be a long-term solution on the way.

According to a recent PBS Newshour report, a behavioral change is about to occur in the United States and other countries. Leaders who are combative, egotistical, greedy and question authority will phase out over time. New leadership is coming of age and will influence political outcomes within the next decade. Why does this matter?

According to recent surveys, as summarized by PBS Newshour, money is not so important to these new leaders. They prefer to compromise rather than to fight. They would prefer to work as a team, rather than seek power for themselves.

These new leaders grew up in divorced households, saw unsettling demonstrations against the Vietnam War, experienced the AIDS epidemic, and feel the effects of global warming and the War on Drugs. They are destined to become the agents of change.

As the current combative, egotistical, greedy leaders move on, and the shepherds of our future take over, the change will be refreshing; well compromise, work as a team, and the U.S. will once again function better than other countries. We will all prosper.

While I am on a roll, I want to touch on another, related subject: value versus growth. I have always advised most investors to divide the stock portion of their portfolio into 50% value stocks and 50% growth stocks. I find, though, that many investors prefer growth stocks and disregard those slow-moving value stocks that have to be held forever.

Poppycock! Value stocks belong in everyones portfolio. Now is a great time to transition money into conservative, dividend-paying, undervalued companies. The current stock market offers you an excellent opportunity to buy stocks at bargain prices.

If the stock market continues to move in 100-point increments, you can take advantage at both ends of the spectrum. Buy when it dives and sell when it soars. One last point I need to make before I jump off my soapbox … most growth stock analysis methods are way over-used.

Everyone–well almost everyone–is looking at the same charts and the same decisions. As Benjamin Graham eloquently stated on many occasions, when a methodology becomes overused, it loses its effectiveness. But you dont need to completely switch from growth to value, you just need to diversify a bit more.

I often write about Benjamin Graham, because he is considered the ther of value investing. His clear teachings of how to analyze stocks and bonds using formulas and restrictive conditions make sense to me and are easy to follow. His book, The Intelligent Investor, first published in 1949, provides all of the information needed to become a successful value investor.

Benjamin Graham taught investment courses at Columbia University in addition to running his Graham-Newman Partnership, investment advisors, for many years. Many of his students at Columbia became successful investors, including Warren Buffett.

Want to invest like Warren Buffett? Here are seven guidelines to get you started in the right direction.

Buy Companies at Bargain Prices. Warren Buffett is a true value investor. Buying companies cheap is what being a value investor is all about. Purchase stocks below their intrinsic value and fill your portfolio with these companies. Pay less attention to earnings per share. Look for solid return on equity, high operating margins and low debt. In addition, look for companies that generate lots of cash and have a consistent operating history during the past 10 years.

Be Patient. Wait for the right time to buy. Patient investors are the best prepared when opportunities emerge. Because of market turbulence, stocks of great companies become available to trade at very cheap valuations. This doesnt mean buy stocks and forget about them! Tracking performance is key and so is getting out when necessary (when your stock is overvalued or trouble is on the horizon). Invest only in companies that will outperform for decades. Follow this approach and you will gradually develop an outstanding stock portfolio like Warren Buffett.

Go Against Conventional Wisdom. Attempt to be fearful when others are greedy and to be aggressive when others are fearful. Going against the crowd can be an effective way to make money.

Stick with What You Know. Stay within your circle of confidence. If you dont understand what a company does or how it makes money, avoid it.

Be Self-Confident. You must be able to act without affirmation from others (or the market) on your investment decisions.

Buy Companies with Competitive Advantages. Warren Buffett calls this an economic moat which gives a company barriers or protection from its competition. Examples of competitive advantages include high capital costs for rival companies to enter a business, a strong brand identity or patent protection.

Believe in America. Warren Buffett has ith in the long-term prosperity of U.S. companies. This allows him to make investment decisions that are not based on where we are in economic cycles.

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For this Cabot Wealth Advisory, I combined Warren Buffetts and Benjamin Grahams criteria for choosing stocks. To find investment opportunities for you, I looked for stocks with:

1) Free cash flow more than $20 million–cash needs include dividends, operating expenses, capital improvements, and research.

2) Net profit margin more than 15%–a good indicator of growth sustainability.

3) Return on equity more than 15%–a barometer of future appreciation.

4) Discounted cash flow value higher than current price–Standard & Poors is a good source to find discounted cash flow estimates.

5) Market capitalization more than $1 billion–small companies not allowed.

6) Standard & Poors rating of B+ or better–indicates financial stability and steady growth of earnings and dividends.

7) Positive earnings growth during the past five years with no deficits–very important to adhere to.

Dividends currently paid–always important and helps your return, too.

I screened my Benjamin Graham Common Stock Database and found two high-quality companies that fit my criteria. Both companies are leaders in the retail store sector, and both have excellent future prospects.

Coach (COH) is a designer, maker and marketer of high-quality leather goods for men and women. Products are sold in department stores, specialty shops and the companys own Coach stores. Coach expects to expand its retail space by 12% during the next 12 months including opening 30 new stores in China.

COHvalue versus growth stockss stock price slipped in August due to weak quarterly earnings brought about by store closings in Japan and higher raw material prices. Conditions have improved in Japan, and raw material prices should abate in 2012.

We expect sales and EPS growth of 15% during the next 12 months and beyond. Coachs stock price has partially recovered from its August swoon, but continues to stand out as a high-quality opportunity at a very reasonable price. The current dividend provides an attractive 1.5% yield.

Ross Stores (ROST) operates 1,091 stores in 27 states and Guam featuring apparel, shoes, jewelry and home furnishings. Ross is able to offer brand-name merchandise at 20% to 60% below department and specialty store prices by buying manucturers cancellations and overruns. The company keeps low in-store inventories to increase turnover and to reduce the need for discounts.

Consumers continue to seek Rosss low-priced products during the current economic malaise. The company will enter Arkansas and Illinois with an initial 15 new stores. These will jump-start Rosss presence and provide noticeable growth in the near future. We forecast sales and earnings growth of 12% during the next 12 months. The current dividend is meager but provides a 1.0% yield that will continue to grow.

I will continue to follow Coach and Ross and other blue-chip, high-quality companies in my Cabot Benjamin Graham Value Letter. My next issue, coming soon, will focus on undervalued stocks with low price to book value ratios. I hope you wont miss it!

Until next time–be kind and friendly to everyone you meet.

Sincerely,

J. Royden Ward

Editor of Cabot Benjamin Graham Value Letter

Editors Note: You can find additional stocks selling at bargain prices in the Cabot Benjamin Graham Value Letter. In every issue, youll find my legendary Maximum Buy and Minimum Sell Prices for over 250 stocks.Click here to get started today!

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Does Value as a category of stock arise from the way it is priced or is it solely dependent upon the condition of the company? Is the Growth designation simply a function of the rate of change of earnings (or some other financial measure) or is it related to the eagerness of buyers?

If I am reading you right, you are saying that value applies to a stock (not a company), and that value investing does not require (earnings) growth to be successful, whereas growth investing is paying a premium, and thus requires sustained, substantial earnings growth to be successful (because you are paying so much for the shares).

It always seems like value stocks are the ones investors dont want (if people are paying a premium, it is not a value stock). If few people are interested in buying the stock right now, when the underlying business is fine (or at least unimpaired), why would they be willing to pay more in the future? It seems like that would only happen if earnings grow (so it is a growth company?) or if people decide they would like to pay more for the same earnings. Are future buyers going to pay more because they see that earnings simply arent lling? Or is most of the return going to come through dividends and/or share buybacks?

This seems like something very fundamental, but the amount of confusing comments (around the internet) about these terms seems second only to confusion related to the term risk.

Imagine for a moment that you had the influence over a company such that you forced them to liquidate it.  Going out of business.  Selling everything.  With a company characterized as a value stock, you would make money off of such a venture.  With a growth stock, you would certainly lose.  Growth stocks are going concerns, and need to continue in operations in order to increase their value.  Even a value stock does not generally want to liquidate, but they dont need to grow much to maintain the value of the enterprise.

With value stocks, most surprises are positive, because expectations are low.  With growth stocks, most surprises are negative, because expectations are high.

Buffett is right.  Value and Growth are joined at the hip.  What he means by that is that a company with predictable growth deserves a higher valuation, with which I totally agree.  The stereotyping of growth and value stocks stems from human prejudices where people segment the market into two or three areas:

Value is a question of price only.  There is no such thing as a bad asset, only a bad price.  I like buying growth companies, and I do so when they are offered to me at bargain prices.  I will pay up a little for a growth company, in the same way that I would pay up for bonds of higher credit quality, while losing a little yield, but not a lot of yield.

This is not to say that all value investing will succeed.  I have my share of ilures.  The idea is to tip the odds into your vor by buying things that are out of vor relative to their current assets, or likely future earnings (or free cash flow, for the advanced).

Risk is a question of permanently losing capital.  That is the downside on which all investors should focus.  Though I do lose money on some stocks that I buy, my goal is to lose money on none of the stocks.  If I cover the downside, the upside will take care of the rest, because the goal of a value investor is to not lose money over the long haul.

Greece Decision May Put US Market On A Dock; Hot Stocks Of The Day: TWX, CMCSA, SNE, QCOM, NWSA, YHOO

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Mike Tyson, former world heavyweight boxing champ

The above quote, resurrected by Canadian equities portfolio manager Dan Dupont, during Fidelity Investments presentation to financial advisers in Edmonton, reflects what investors have been going through lately.

In ct, the Fidelity road show brought back memories of an Ali-Liston pugilistic dust-up.

In the macro corner was Jurrien Timmer, a top-down money manager from Massachusetts, heading up Fidelitys Tactical Strategies Fund. He said that increasingly the world is a macro world, alluding to the idea that stock markets are now moved by governments and finance ministers.

In the micro corner was Dupont, a bottom-up investor who manages all or part of Fidelitys Canadian equity funds. He selects investments based on fundamentals, like individual company revenues and profits.

Round One.

Timmer steps in, saying that were in a sideways-moving stock market for another 12 to 18 months, and he isnt adding risk to his fund. He believes major countries will try to bolster their economies through inflation. Jab! That reduces currency value. Jab! So hes bullish on investing in gold. Uppercut!

Dupont, reeling, retorts: I have not bought a material stock in the equity portion of the fund for income in the last three years. Block! That means no precious metals, no base metals. Haymaker!

Ding!!! End of Round One.

Indeed, the traditional argument of value versus growth investing, and of large-cap versus small-cap companies, has entered a new phase.

Timmers suggestion that investors are now at the mercy of governments, instead of corporate chief executive officers, was quickly demonstrated when Greek Prime Minister George Papandreou announced that his country would hold a referendum on whether to accept austerity measures as part of a financial bailout from other European countries. The move, a gamble to solidify Papandreous teetering political strength, raised the spectre of a referendum defeat that would bring down Italian banks that loaned Greeks money they cant pay back. That prospect, in turn, caused stock markets around the world to plummet early this week. (On Thursday, Papandreou called off the referendum.)

Timmer says that volatility is here to stay for at least two years, and markets are going to remain turbulent due to structural imbalances caused by asset misallocation. That created the macro world, where its manic-depressive, its either great or its terrible, but nothing in between.

One such asset misallocation was the United States central bank, the Federal Reserve, lowing interest rates too much during an over-reliance on credit, that led to the sub-prime housing crisis.

Another misallocation of capital came when the euro currency was launched in 1999, and all of a sudden countries like Greece, Italy and Spain, that had high interest rates and high inflation, were handed a gift; where they could borrow not at their own interest rates, but at Germanys (lower) interest rates and Germanys credit rating. So those countries went on a binge.

Timmer says another concern is China, which doesnt have a currency with an open exchange rate.

The aftermath is that the cycle goes on too long, it creates inflation (in China), it also creates a surplus of dollars that have gone from the U.S. to China, and those dollars get recycled back into the U.S. treasury bond market, and that creates imbalances. Thats why our interest rates are much too low.

Timmer thinks the U.S. Federal Reserve is planting the seeds for a third round of money printing and spending, called quantitative easing, or QE3, which could produce a temporary stock market rally.

In China, a major issue driving the economy is the automobile. In developed countries the number of vehicles has remained relatively constant at 400 to 600 per 1,000 people, while during the same time the number in China has grown from 30 to 128 per 1,000 people.

The car is the No. 1 status symbol in China, even if you never drive it and it sits in the driveway for everyone to see. Anyone who wants to bet against China you do it at your peril.

Timmers feeling is the stock market rally that began nearly a month ago will end during the last five weeks of 2011, then markets will trend downward.

Meanwhile, back to Dupont, being sponged down and recuperating on his stool in his corner.

Rather than trying to predict whether there will be inflation or deflation, Dupont tries to set up his portfolio so its able to handle both extremes.

My job every day is to distinguish between Pfizer and Yellow Pages, Dupont said. Both of these companies have high returns on capital, both have been good businesses in the past, but one of them has a future and one of them looks like its going to be a little tough.

Yellow Media, as its now called, has suffered from technology changes to its marketplace, as well as accounting restructuring of yields from an income trust to a corporation.

Dupont knows that some holdings hes added, like BP and Microsoft, cause other money managers to furrow their eyebrows.

He is a little concerned about Canadas high consumer debt. And hes nervous that real estate levels are a little high, saying the ratio of house value to annual mily income should be 3.0, and our current ratio of 4.5 is virtually what it was in the U.S. in 2006, before now dropping to 2.8. He says Canadian mortgage debt could hurt financial institutions with large consumer loan portfolios.

Hes also underweight in oil and gas stocks for the short term, but likes them in the long run.

Ray Turchansky writes Fridays in The Journal.

href=mailto:turchan@telusplanet.net TARGET=_blank>turchan@telusplanet.net

Markets in Europe and North America advanced on Thursday, despite thevalue versus growth stocks continuing disarray in the eurozone, after European leaders took a hard line with…

(Reuters) – Goldman Sachs said it continues to expectfurther increases in commodity returns later this year and into2012 as demand growth is still likely to be sufficient totighten key markets.

We maintain our overweight recommendation for commoditieson a three-, six- and 12-month horizon and our 20 percent12-month commodity returns forecast, the investment bank saidin a note to clients.

Goldman Sachs said it expects re-acceleration in globaleconomic growth during the second half of this year as temporarydrags from the Japanese earthquake and the April oil price spikediminish.

The bank said the Greek situation, ongoing tension over thetradeoff between inflation and growth in China and mixed datafrom several major economies will continue to drive near-termvolatility in commodity markets.

The investment bank reiterated its long tradingrecommendations for Brent crude oil, UK natural gas, copper,zinc and soybeans.

The recent market correction provides a good opportunity forconsumers to begin to hedge their forward oil exposure, the banksaid.

We recommend opening a long position in the ICE BrentDecember 2012 contract as we expect that the market willcontinue to tighten to critical levels by 2012, pushing oilprices substantially higher to restrain demand, the bank added.

Goldman Sachs said refining margins will remain underpressure owing to the large increase in refining capacity inAsia.

The bank sees the spread between WTI and Brent narrowingfrom current levels and expects product cracks to weaken.

Analysts at Goldman recently raised their NYMEX gas priceforecast slightly by $0.25/mmBtu to $4.13/mmBtu for theremainder of this year, while maintaining their $4.25/mmBtuforecast for 2012.

The bank said U.S. natural gas prices will probably besupported above the $6/mmBtu range from 2015 onwards, boosted byincreases in generation demangoldman sachs commodity fundd due to retirement of more than 40GW of coal-fired power plants.

Goldman Sachs also said it expects gold prices to continueto climb in 2011 given the current low level of U.S. realinterest rates.

We recommend near-dated consumer hedges in gold, it added.

In agriculture, the bank continues to expect that soybeanprices will outperform corn prices. Analysts reiterated theirlong position in November 2011 soybeans.

We maintain that soybeans will likely achieve a deficitover the next year, leading to a rise in soybean prices fromcurrent levels, Goldman Sachs said.

(Reporting by Koustav Samanta in Bangalore, editing by JaneBaird)

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Dominique Lapierre carries a rickshaw pullers hand bell in his pocket at all times. It belonged to Hasari Pal, the protagonist of his best-selling 1985 book, City of Joy.

These include P growth, fiscal and monetary policies, inflows and outflows of the currency, local stock market performance and interest rates.

A good retirement plan should ideally be a combination of a variety of investments. Just as you use different tools to perform a multitude of tasks, all these options can work for you in diverse ways.

With the recent capping of expenses, these charges are likely to go down further. The charges under Ulips are comparable with those paid by customers undgoldman sachs commodity funder the load-free structure of mutual funds.

Inflation will peak out by the end of the calendar year, and thereafter interest rates are likely to be stable,

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LONDON (Commodity Online): At a time when the Gold scam was about to rock the bullion boat, like a godsend came the Goldman Sachs crisis which is all set to ensure that gold prices will gain out of it.

After the market recovers from the initial shock, which has hit even equity markets because of the huge reach Goldman Sachs has in the global market, gold is all set to soar riding this crisis also. Gold traditionally loves to cash in on crises. When the world was under the grip of recession, gold made the maximum profit. Then came various problems which dogged the equity market across world.

But, gold kept on soaring in the bullion market. Now, the Goldman Sachs crisis came just after the Greek Tragedy which had helped gold gain in the recent past.

However, when Goldman Sachs, the largest US commodity broker, was charged with defrauding investors with a financial product tied to subprime mortgages by the Security Exchange Commission (SEC), the yellow metal felt the impact instantly and the bullion prices crashed within hours of the news.

But, gold is one metal which thrives in crisis. So, according to experts, gold will bounce back soon as this crisis will force central banks of several countries, including China and India, to buy gold using the opportunity to get the metal in a reduced price.

Goldman ces a regulatory probe in Britain and scrgoldman sachs commodity fundutiny from the German government after the US Securities and Exchange Commission sued the firm for fraud tied to collateralized debt obligations. The firm iled to disclose to investors that hedge fund Paulson & Co. was betting against the instruments and influenced the selections in the portfolio, the SEC said. Paulson wasn’t accused of wrongdoing.

Paulson was the largest holder in the SPDR Gold Trust, the biggest exchange-traded fund back by the metal, and Goldman was the 11th biggest. Both are based in New York. Paulson is also the top investor in AngloGold Ashanti Ltd., Africa’s largest producer of bullion.

Hedge-fund managers and other large speculators increased their net-long positions in New YorkGold futures in the week ended April 13.

Gold rallied 24 percent last year as central banks and governments maintained low interest rates and spent trillions of dollars to stimulate economies, sending the dollar 4.2% lower against six major currencies. Bullion has gained only 3.6 percent this year.

Central banks in Russia, China, India, Sri Lanka and Mauritius have all increased their gold reserves. China has expanded reserves by 76% to 1,054 tonnes since 2003.

India bought 200 tons from the International Monetary Fund last year as gold prices soared and the dollar weakened.

Paulson & Co. is the largest institutional holder of the SPDR Gold Trust (GLD) with about 8.4% stake, whereas Goldman Sachs also holds the 11th largest stake at 0.6% in the fund. SPDR is world’s biggest exchange- traded fund backed by physical bullion with a record gold holding of 1,141.041 tons as of April 15.

Paulson’s high-profile bets have partly helped drive gold to record-high prices above $1,200 an ounce. Although no charges were brought against the hedge fund, the double whammy news weighed on gold, and prompted some concerns in the commodity markets, since Goldman Sachs is a major player with massive positions in all commodities including gold,Silver and crude oil.

And, when there is a crisis, gold will always drive momentum from it and rise. That has been the tradition till now. It seems, if the uncertainty and the law suit create some panic in the market, gold will surely benefit from the Goldman crisis.

The investment seeks long-term total return. The fund seeks to maintain substantial economic exposure to the performance of the commodities markets. It primarily gains exposure to the commodities markets by investing in a wholly-owned subsidiary of the fund organized as a company under the laws of the Cayman Islands (the Subsidiary). The fund seeks to provide exposure to the commodities markets and returns that correspond to the performance of the S&P GSCI® Commodity Index (GSCI) or other similar indices by investing, through the Subsidiary, in commodity-linked investments. It is non-diversified.

The fund has returned 3.33 percent over the past year, and -15.23 percent over the past three years.

Concerned about market volatility? Then you should evaluate not only return, but risk, too.

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