Barrick Gold Corp T.ABX

Barrick vs. Newmont—Who’s Winning the Gold War?

[TradeVision2001]

Let’s talk about the elephant in the room: Newmont. Barrick’s been doing some interesting things globally, but can they really keep up with Newmont’s scale? Personally, I think Barrick’s got the edge on cost efficiency, but they need to tighten up production consistency to stay in the fight. What’s your take—team ABX or team NEM?

[Goldenpou]

The advantage goes to whoever has this: 1)no hidden coming write offs that are almost always in the hundreds of millions or billions 2)The one who has the least amount of slowdown anywhere because that is all investors look at - missing estimates or not. So producing one ton less than anticipated anywhere is far far more important thant actual profit, even if a company is printing big profit money

[Goldenpou]

There is no war, that is no longer what counts, your criteria only make sense in the old days.When people thought and were intelligent. Why do you think gold is up $20 today and NEM and ABX are down? It has nothing to do anymore with profit or scale etc -- it is solely based on perception of a gold turnaround, everything in the algos is based on length of sequences up or down, probabilities based