Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Jacob Snyder who wrote (45048)	6/26/2013 3:13:26 PM
From: ItsAllCyclical	of 48092

In a failing sector or failing business model I agree on debt situations. However in the case of ABX they can slash costs, stop production on high cost mines, defer debt and wait for the gold prices to turn around. 2-3 years is all they'll need at most. FED and China are bluffing. Money cannot stop flowing. Gold business is still a great business LT. This is not the environment they want to sell African Barrick, but if need be they could probably get something for it. Again they have options. Only need to defer a portion of their near term debt. These prices are beyond silly. I would need to look at their bonds and when their debt matures to get a better handle on the situation. Will be buying others before ABX just using as an example. SPX benefiting from window dressing today, miners/gold the reverse.

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