RE: RE: RE: Barrick will plunge Check your history you tool! When TCK.B tanked in 2008 it was because they got caught with no cash on hand and every major company, especially ABX, learned from that experience. Now all the majors have fortified balance sheets and it's also why the Fed has had trouble convincing them to spend, the big will survive, but there might not be a venture index let alone a junior company when the fire is finally out.
Personally I believe this will turn and when it does it will fry many who tried to short or time the the down trend. The best part of a short fry is that the losses can be infinite, hedge funds blow up, and small investors who shorted start signing up for class action suits claiming information was withheld. As I said before I was there in the late 1970's when gold did the exact same thing mid cycle of the bull run, this time round it is a relocation of wealth in the form of gold to the Asian and uber rich on the planet. All these things are planned and orchestrated right up until someone loses control.
I plan to get as rich off this down turn.