Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Enigma who wrote (849)	11/24/1998 9:38:00 PM
From: Jim McMannis	Read Replies (1) of 3558

Enigma, I think we are talking about trading gold stocks here. ABX would be the premier gold stock. Certainly carries the greatest weight in the XAU. Not a bad proxy either way. Since gold stocks are generally a homogeneous group, talk of the effects of global governmental policy on gold would have a great effect on ABX. And ABX, being the proxy that it is would be a good candidate for TA trading should one want to focus on gold stocks. I've traded ABX many times. As for the fundamentals of ABX...personally, I think the fundamentals of the whole group and POG are more important. At least to me because I'm not smart enough to find gold stocks that buck the trend. Regards, Jim

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