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Barrick Gold Corp T.ABX

Alternate Symbol(s):  GOLD

Metals & Mining Gold
Barrick Gold Corporation is a Canada-based gold and copper producer. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d'Ivoire, the Democratic Republic of the Congo, the Dominican Republic, Mali, Tanzania and the United States. The Company’s operations include Nevada Gold Mines, Bulyanhulu, Hemlo, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Tongon, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, approximately 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Hemlo operation is located north of Lake Superior on the Trans-Canada Highway, approximately 35 km east of Marathon, Ontario, and it is an underground operation.


TSX:ABX - Post by User

Barrick Gold Corp > The next hard part...selling too soon
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Post by goldanalyston Mar 17, 2022 8:16am
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Post# 34521223

The next hard part...selling too soon

The next hard part...selling too soon

After a painful multi-year down phase any normal person will feel like ditching their precious metal stocks just as they start coming to life for fear of the next downturn missing out on much of the gains. The FEDs game has been broadcast ( 5-6 hikes+a balance sheet run-off). Now interest sensitive stocks will recommence their downturn risking more stock market declines. If the FED holds to its plan the market might correct in a big and sustained way. However if the FED stops raising rates to help market /economy inflation may get worse. As usual the FED is behind the curve. However what makes this worse than the  1970's is that debt is huge and interest is already low while inflation is 10% or more. Negative real rates are good for gold. The next 2 years should be great for precious metal stocks....just don't sell too soon....you've held through the worst of it now ...why would you ....

 
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