MARK&SHARK

Barrick Gold: Higher Cash Costs Weaken Upside

I have read 2-5 words of it,maybe you are right.
I looked at ABX ( BNY Jaywalk Research ) balance sheet,as being futures/options investor for the last 5 years (since then I never looked back to stocks in general,as investment) I like ABX as know the company since 1997 and have friends who invested since then and still hold it,of course they are not happy as stock didn't perform good lately.
So,ABX grew it's revenue in line with price of Gold since then as this is low risk run company,that sells it's metals on cash and forward markets.The recent price is very undervalued if one looks at Gold price today,the ABX must sell at 40-45 at least a share,but it looks that insiders and major nvestors or miss bigger picture or they expect GC to head sharply lower in the future.
Bottom line,ABX as equity investment is well protected from further fall in GC price the only problem is their aquisitions that were built on higher GC prices.If price of GC will rise (ABX don't see it now) the stock is well positioned to outperform other,weaker mining companies.
I would definitely buy ABX but would hedge my exposure with covered calls on ABX LEAPS.
Good luck,now I must trade other things.