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Barrick is the world’s largest pure gold mining company with more than two dozen operating mines around the world.
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
At these levels, we are down near the market crash in early 2009. Suffice to say, oversold... That said, there may be some pullback left in this one as people seem very nervous about gold lately, and the pullback of the whole gold sector is on hyper alert. Still, this is when there are values to be had - when everyone is selling. As soon as things turn around, you will have lost the "ideal" purchase price. I wouldn't pay more than ~19 and would definitely double down if we approach 18 (seems unlikely), however would hold up to high 40s or low 50s before I sold this - great dividend play as well.
at some point the us dollar will no longer be king also etf gold funds will prably fall victim to fraud with ensuing mas exedus
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