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Gold/Mining/Energy : Barrick Gold (ABX)

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To: nickel61 who wrote (2324)4/3/2002 8:56:37 AM
From: Enigma  Read Replies (2) of 3558
 
No I made a mistake which certainly doesn't make me feel better. I've had a look at the YTD figures which show NEM up 50% and Barrick up only 18%. It will be interesting to see what ABX says in its Q 1 report. In these days of consolidations and mergers the share price is of course a weapon. Is the market assuming that there will be no change in strategy? If we're in a bull market for gold then the bulls are betting on NEM, no question, but the stock has a spikey look to it. Short NEM, long ABX - as the old saw goes 'nothing in this life is more certain than change'
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