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


To: james paterson who wrote (585)4/20/1998 9:19:00 PM
From: IngotWeTrust  Read Replies (1) | Respond to of 3558
 
Hi, James, my outlook has not changed. I still believe a scenario can be made for "over-exuberant washout" to the downside, below the CoP, currently about POG=$270ish.

However, I am accumulating and suggesting strongly to family and friends to be accumulators in some form or fashion at these levels and if there is lower offered, so much the better.

I believe we have seen a sea change with the imminence of the EU and the corresponding "jiggle/EMU anomaly" in the physical gold market as CBs played shuffle the golden deck w/other CB's who wanted the gold..i.e., Asian and Indian CBs.

Thx for asking.
O/49r