About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Barrick Gold is a Hold as Long as Gold Prices Stay Stagnant

Barrick Gold is a Hold as Long as Gold Prices Stay Stagnant

Barrick Gold (NYSE: GOLD) was up more than 6% the day after the stock dropped 9% after delivering earnings on November 3. The report gave investors good news and bad news.  

On the positive side, the gold miner beat on both the top and bottom lines. Revenue came in at $2.53 billion which was 2.5% better than the $2.47 billion that was forecast. And earnings were even stronger. The 13 cents earnings per share were more than 18% higher than the 10 cents EPS analysts were expecting. 

Now the bad news. For the third consecutive quarter, the company posted declining earnings. And both revenue and earnings are significantly lower on a year-over-year basis.  

GOLD stock quickly sliced through a previous support level, and it undoubtedly confounded traders who saw a double bottom form in the stock price in the last two months. Is this a time to buy on the dip, or is a stronger dollar a time to stay away from gold? 

The Company Missed Its Production Targets 

According to Barrick CEO Mark Bristow, the company's gold production fell 9% from 1.09 million ounces to 998 ounces. This enabled a 22.7% year-over-year increase in the company’s all-in-sustaining costs (ASIC), a key industry metric. Barrick also announced its ASIC for copper production increased. However, in this case, the company saw an increase in copper production.  

Barrick’s issues are not isolated. Newmont Corporation (NYSE: NEM) announced an even steeper drop in production volume.  

Barrick says it’s still on schedule to fulfill its full-year production forecast. However, that was not enough to keep GOLD stock from dropping initially. And even with the bounce back this morning, the stock still sits below earlier support levels.  

And for that, you can blame the Federal Reserve. 

Has Gold Lost Its Luster? 

Gold is having a case of mistaken identity.  One of the most frequently stated reasons to own gold is that it serves as a hedge against inflation. However, the spot price of gold hasn’t served as much of a hedge against inflation in 2022. At the present time, a strong dollar and rising interest rates are making cash and even bonds more attractive options for investors. 

In fact, in the wake of the Federal Reserve’s fourth 75 basis point interest rate hike in 2022, the spot price of gold dropped to its lowest level since 2020. And while gold may be outperforming equities, less bad is hardly a bullish argument.  

Nevertheless, gold traders seem content to hold on to their gold and that means that gold prices may not have hit a bottom yet.  

Is GOLD Stock a Buy-the-Dip Candidate? 

In addition to being a hedge against inflation, another common argument for owning gold is that the yellow metal helps diversify an investor’s portfolio. That remains indisputable. And mining stocks like Barrick Gold are considered a way to invest in gold without having to take possession of the physical metal.  

Mining stocks also give investors the benefit of a dividend that they can’t get from owning physical metal. Barrick Gold doesn’t offer the best dividend in its class, but investors do get something for holding onto the stock.  

Right now, the GOLD stock should be a buy, but with gold continuing to not move that much, and interest rates likely to go higher, it’s likely to trade in a range that makes it hold for now. 

 

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