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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

Post by Paray99on Mar 12, 2024 8:40am
141 Views
Post# 35928052

Shorts are panick on gold stocks…

Shorts are panick on gold stocks…

With bid/ask at same price before the market open, that too with large quantity in both bid and ask, on many gold stocks, shorts trying to fool some sensitive sellers.... This phenomena is seen with SEA, ABX, AEM, NGD, and almost on all other ones too. This happens only in the Canadian market, where the bid and ask shows same low price.... 
This price will go up automatically seconds before the market opening. 

This tells me that many shorts are desperate to cover their short position. Yesterday's volume is also telling us that. Shorts are already panic.

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