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Strategies & Market Trends : Value Investing

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To: LukasSavickas who wrote (58826)	1/2/2017 5:07:55 PM
From: Paul Senior	Read Replies (1) of 78740

ABX. I'm a buyer for a few shares of this gold producer. I like that new management has come in and is reducing long-term debt with a view to eliminating it. Company is selling off "non core" assets to do this. ABX producing costs and all-in costs seem to be relatively low (so I read); otoh, gold prices keep falling and if interest rates rise, production costs increase (I presume), and those higher interest rates become more attractive for savers over holding gold/gold stocks (I also presume). If there's international turmoil as a result of the new US president and his administration's policies, gold could quickly come back in favor (maybe) and gold stocks could surge (possibly - or not).

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