Barrick Gold (ABX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Barrick Gold (ABX)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Exsrch who wrote (1259)	6/13/1999 8:48:00 PM
From: Ron Everest	Read Replies (1) of 3558

It is likely that the IMF announcement has already been factored in. Read on the GPM thread that the IMF require an 85% vote to sell part of their pledged gold. The US carries 18% of this vote. Appears that this is part of the gold manipulation and may not happen. There could be a small panic, however, ABX will likely lose only about 70 cents US IMO. This is because they are relatively insulated from these events for the next 3 years production. My view on ABX is that they will have significant upside potential when gold finally rises (could be an if for short term) due to their future potential. Short term, they have current earnings in the bag for 3 years. This is a pretty safe stock. Yes, there could be another buying opportunity Monday. Best regards

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next