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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?


To: Ken Benes who wrote (3061)5/28/2002 3:16:55 PM
From: russet  Read Replies (3) | Respond to of 3558
 
I think you should check your quote system, because it's as wrong as your comments. Barrick is up 3.4% so far today, and is rallying 3 times more than the POG.

There are dozens of analysts recommending Barrick now to take advantage of increases in the POG. Every one of them can read their financial statements, and understand the simplicity of their forward selling gold contracts, and realize Barrick's only exposure is to deliver physical gold at the end of contract and report the bond principle and compound interest as an "on balance sheet item". Perhaps you should consult with a good financial statement analyst who can give you some help reading the statements.

The inability to understand financial statements seem to reside mainly with you, and the other challenged individuals who use GATA as their main source of information on gold mining. The people who placed the 2.4 million order to purchase so far today to bid the stock up over CDN$1.00 don't seem to suffer this brain disorder.