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: jocko who wrote (2037)	2/8/2000 7:57:00 PM
From: russwinter	Read Replies (2) of 3558

Howe makes a valid point. In other words questioning the ability of the counterparty to deliver real gold. Yes, the daisy chain could break. I focused more on the fundamentals for POG, since I'm simply not interested in ABX as an investment. What they do in the marketplace is important though. And they are clearly delivering at least some (1.4 million this year) gold from their production without establishing (in effect selling) new forward contracts. The gold market seemed disappointed that they didn't do more. But, that's like asking heroin addicts to quit cold turkey. At least PDG and ABX are in recovery, and that's light years ahead of a week ago. I'm bullish on gold.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next