RE: RE: RE: RE: John ING Record cash flow last year of 5.4 Billion and you think the company is done, back to school kid.
In one year ABX will have shaken off the gold sectors downward momentum and, as in the past, be one of the last big gold plays standing, likely trading at double where it is now. Smart investors will sit back and enjoy the 4% + dividend while the shake out continues. While it still might go lower when it eventually turns, again as it has done so many times in the past, it will be hard to catch. Long term charts show ABX as having the uncanny ability to leap 50% or more in 30 to 60 days.
Should be real interesting when the new Chinese Gold ETFs start accumulating gold, and that will be real gold and not the paper gold the Americans have flooded the market with. Unlike the USA, China actually encourages it's citizens to but and hold gold and silver, these new ETF will allow for this to happen on a much greater scale than ever before.
Live and learn, those of us who lived through the late seventies have seen this before.