Barrick Gold Corp T.ABX

Alternate Symbol(s): GOLD

Metals & Mining Gold

Barrick Gold Corporation is a Canada-based gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It 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. It has ownership interests in producing copper mines in Chile, Saudi Arabia and Zambia. Its 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

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Comment by wavepsycheon Apr 22, 2013 2:25pm

155 Views

Post# 21285112

RE: Deutsche Bank Downgreaded Barrick

Selloff in ABX is quite muted considering bad news ...

https://www.stockhouse.com/natural-resources-news/2013/april/22/barrick-gold-situation-not-as-dire-as-teck-in-2008.aspx

Deutsche Bank is likely not an instituional holder to post a $22 target.

This is really interesting since the 74% institutional bagholders will have to keep POG up to pump n dump in an orderly fashion. Since they can't dump evertyhing before earnings they will have to keep ABX afloat at the very least till options expiry ...

COMEX Gold Futures Expiration
https://www.ccstrade.com/futures/gold-futures-gc/exp/

Short squeeze in G, K and others feels imminent and will probably be epic ... to cash in their options.

glta

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