Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: ItsAllCyclical	6/26/2013 12:57:09 PM
	Read Replies (2) of 48092

ABX now below 2008 low. Only 2.5 away from full retrace (250 gold). One could easily argue we are there already as it hit the 15 area several times thru 2001-2003. If they can force ABX to start hedging again would be deeply hurtful sentiment wise to the sector. LT I don't think it matters. As Amark$p pointed out in the article he posted a few weeks back pricing gold based on current production/demand is somewhat silly given all the above ground gold still exists. ABX has debt issues, but nothing they can't solve imo. Would probably good to monitor their bonds though to see if they start trading at a discount.

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