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Barrick Gold Corp T.ABX

Alternate Symbol(s):  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

Bullboard Posts
Comment by bigbank91on Jan 29, 2014 7:50pm
178 Views
Post# 22150621

RE:RE:RE:Shocker $-10b

RE:RE:RE:Shocker $-10bthis is how i see it,
they will be forced to raise rates to strenghen currencies as import costs skyrocket. oil, food.
this will crush their domestic economy and bubbles as rates rise.
I dont see a reason for any investment to go back into these countries as domestic demand crumbles.

Imports are going to become too expensive for the already broke consumer in most countries.
cost of living has to go down worldwide due to asset inflated bubbles QE.

I see a lot of the trillions of dollars made in the last 5years being parked for good.
even if bonds take a bit of losses in the next few years.
it will just be fund flows and short term trading at this point, wild swings as investors sell risk.

its unpredictable at this point how fast investors go to their real taper stategies and what moves countries make. but it could happen quick as large investors have had plenty of time to think about it.

Bullboard Posts