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Barrick is the world’s largest pure gold mining company with more than two dozen operating mines around the world.
In recent months they have shut down some operations to conserve revenue. When the US Markets begin to experience a downturn, ABX will become a haven of capital preservation. It also appears the accumulation period is ending.
Time to hedge with some gold stocks
Crimea crisis culminating...
The price of gold is being driven down by Goldman Sachs and the wolves of wall street, the media is scaring investors into selling. Something stinks, the metal is being manipulated. Sounds like a buying opportunity!!
Because gold is undervalued at the moment, once gold shoots up, this company will change their gears and increase production which will shoot up profits!
The stock price is historically low due to both a flee from gold as a safe haven, and the uncertainty of future earnings as a result. We know, however, that at the first sign of problems, gold will once again prosper. This is a good time to get in on the production side of that commodity.
This is a turnaround stock. The old CEO is out and the heedless expansion is over.
Down 5% today because they're trying to save some cash.... Sounds like a buy to me!
With all the whack that is in, and has been in, the markets of late, I don't expect pulling gold out of the ground to look like a bad idea in the near future.
Well positioned for a rebound in gold.
one of the more profitable gold miners at lower costs....and will make more on the way back up than its competition as well...Long IAG also
Down so low it looks like up to me... Profitable even if gold drops to $800
gold going up
Gold is headed to over $1500, which would push ABX to a price of over $24/share!!! Then when it hits $2000 within the next year, ABX will be at $48/share!
Inflation will eventually pick up
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