Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Investor2 who wrote (2141)	11/17/1997 2:09:00 PM
From: sea_biscuit	Read Replies (1) of 42834

Strangely, Barrick Gold (ABX) was selling at 50 cents a share in 1985 (adjusted for splits), and went as high as $32 before sliding back recently to about $18. So even at this level, it has increased 36-fold* over the last 12 years*! And this in spite of the fact that gold itself has been on a slide for as long as we can remember! My question is : how can this happen when gold has been going down all the time? An even more important question is : can this continue to happen? Maybe gold itself is not a good investment but gold-mining companies like Barrick Gold perhaps are? Any comments? Dipy.

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