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Barrick is the world’s largest pure gold mining company with more than two dozen operating mines around the world.
Whether gold is at a bottom or not, it can't go a whole lot lower or producers will have to shut down most of the world's mines. ABX is producing profitably at today's prices, which puts them ahead of a lot of their industry cohorts. The big losses they've been chalking up of late have mainly been asset write-downs, not cash losses. Here's an opportunity to get on board the world's largest gold miner at close to penny-stock prices. The company even still pays a dividend. Pick up ABX shares now, throw them in the back of a drawer and you should have a decent gain a few years down the road.
If Barrick breaks even its worth more than $7.
I like this company and this industry for the long term. I have been invested in it for years and yes my investment has decreased in value. On a recent dip in the market I increased my investment in the company which actually caused me to be profitable in one of the positions I own. It depends on what happens in the gold market.
Z/Loss combo. Jan 17 put option $0.20, $5 strike
its about time to start seeing strength in the metals market...
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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