Barrick Gold Corp (USA) (NYSE:ABX)

A weak dollar can't be a Major currency, while it continue to lose it value, Americans are looking for a way to hedge there investment & buying Power.

Gold is hot at the moment as the dollar slides.

Gold is going higher and supply is smaller than demand. Cost of production is also higher but as more people buy gold for protection against inflation the sells will outweigh the cost. Personal hunch is this stock will advance with the spot price of gold. Commodities are just that, either something needed or wanted. Gold will fall again but that is in the future. I will admit I think silver is still the long term investments real winner. It is used in so much stuff and is actually consumed. We cant get it back. The same gold the Incas were mining is still in circulation today. Were just infatuated with this yellow metal that looks pretty. Maybe the US dollar will go back to a gold or silver standard. i doubt it but who knows with our politicians nowadays.

upgraded

ride this cash cow

Gold is going up in value, how can you lose?

gold is going higher

Gold is on the rise as the dollar get's clobbered. Democratic president would not hurt this company either.

The hype of gold is gone. It is yesterday's news with or without inflation.

The biggest !

Well run diversified corporation engaged in gold acquisition, exploration and development. World-wide presence. Also produces copper, silver and zinc. Dvidend history indicates more upside with limited down-side risk. Good hedge against inflation/recession risks. Recent downturn in commodities provides a good current entry point into Barrick Gold.

Gold and oil prices historical track at a 10:1 ratio. Both these markets skyrocketed lately, and maintained the 10:1 ratio. Very recently the market got nervous and their was an extreme dump of commodity stocks, but unjustifed. Why oil took a significant hit, it remains over $100 / barrel, while gold has taken a much greater hit, bringing it below the 10:1 ratio. The market will soon adjust to the overabundance of dumping of commodities, and while gold may not rise to the levels it was previously at, it will certainly get itself closer to the 10:1 ratio. I would expect to see gold slowly start creeping back up towards the $1000 level and solidfying itself there. And as the gold market improves, so does Barrick, a player that performs strong regardless of gold prices, but with the gold market stronger, Barrick will see even better performance.

Looking at the rate of increase and the time frame of which it seems to show improvement and hasn't really declined any.

With the US dollar weakening, both Gold & silver prices are going to keep going up. And even when the US dollar gets stronger, gold & silver should stay strong.

Gold and silver have taken a sudden drop during the past week. Many speculators are panicing and claiming that this is the end of the "commodity bubble". I don't think so. If you look at the fundamental reason behind the last 6 months rise in precious metals, you have to ask yourself....has anything changed? I don't think so. The Fed continues to pump liquidity into the market, the interest rate continues to decline, inflation continues to increase and the dollar continues to fall. That being said....if due to demand decreases oil drops sharply from here...there is a possibility that precious metals will follow. Precious metals will experience quite a bit of volatility and the gyrations may be tough to handle but I think due to the fundamentals that I mentioned above that a year from now precious metals will be much higher.

Gold may be down today, but it’s not going to stay that way for long. The $ is going to be on a down trend for several more months and that means gold and any company that deals with it is going to go up. Short term it may have a drop, but should rebound once the market gets back inline.

nycguy

Will do later...

Gold will rise to $1100 the oz. and the Dow will drop to
9,000........ Duhhh