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

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To: ItsAllCyclical who wrote (45037)6/26/2013 3:05:33 PM
From: Jacob Snyder  Read Replies (4) of 48092
 
<ABX now below 2008 low>

PAAS almost there too.

<ABX has debt issues, but nothing they can't solve imo>

High-debt companies don't control their own fate; banks and government policy do. If we see rising interest rates, tighter credit standards, and the POG staying below the cost of production for any length of time, I can't think of anything ABX can do to "solve" that combination of problems. Well, I can think of some, but they would all be disastrous for current shareholders.
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