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Barrick is the world’s largest pure gold mining company with more than two dozen operating mines around the world.
As a research firm said recently with the SNB recently cutting rates to negative along with various other countries the “gold doesn’t provide a yield” argument is no longer really relevant as neither does a Swiss bank account, they also noted that gold prices are one of the only things central banks cant directly interfere with., and isn’t in oversupply as such.If to put it simply a gold miner owns a patch of land and digs gold out (with energy being one of the major input costs), then falling energy costs, market volatility, previous safe havens disappearing and to be honest better capital discipline from the sector than has been shown in previous year, this makes the industry selectively investable again. Not to mention that they can probably squeeze suppliers in this environment and there is always the discretionary spending point.
its about time to start seeing strength in the metals market...
S&P 5 star stock, 11.87
ABX just released its Q3 financial results and I have to confess I'm positively surprised by the numbers....
Depends on Economy and if People keep supporting the Businesses . As long as abx is Ran well it will be a good buy , when it is down and when the Market Goes south ; Then the Rich will buy into Precious Metals as a Safe Haven ; Ton Foe !
Most everyone else has given up on them. Buy low, sell high.
Based on rec by Kirk Spano.
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
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!!
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!
Well positioned for a rebound in gold.
Down so low it looks like up to me... Profitable even if gold drops to $800
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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