Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: ahhaha who wrote (1207)	5/6/1999 6:23:00 AM
From: Elsewhere	Read Replies (2) of 3558

>Can you believe this garbage? No. After having been through the experience of going long a stock with a "strong buy" Lehman recommendation and a $26 price target which now trades around $3 I have ample supply of grains of salt. >Meanwhile the price of bullion is breaking out from a tight >upside down head and shoulders. The inverted head and shoulder pattern has also been observed for ABX, by TSC's Helene Meisler (see message 3444 at the Yahoo! ABX thread). Little nuggets after some browsing: - Total worldwide gold 140 t - that's a mere 23 g for each inhabitant of our planet. - Total XAU market cap: around $25 bn. Market cap of the "leading" Net stocks: AMZN $24 bn, AOL $121 bn, EBAY $23 bn, YHOO $32 bn. Just a tiny shift in favor of real vs. fool's gold could rock the XAU. >It is interested in the falling dollar. The free April 23 sample issue of Grant's Interest Rate Observer (http://www.grantspub.com/samples/giro.pdf) is a good read: "The coming shortage of hard currencies."

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