• investor44
    With Barrick Gold (ABX) tanking and gold in general rising, what is going on with this stock??
    7/27/12
    Reply (7)
    • Mercy Jimenez: Most miners taking a beating on opex and pol risk; I am sticking to streamers who are levered more closely to metal price; e.g. STTYF + SLW
      7/27/12
    • Ocean Man: ABX had a larger than expected increase in the cost of getting gold out of the ground in their quarterly report a few days ago.
      7/27/12
    • Mercy Jimenez: Yes OM, operating expense (opex)+ political risk w/ African, Asian, and LA mines is a volatile mix generally for miner profits.
      7/28/12
    • Mercy Jimenez: Investor44 -- sorry but my Sandstorm Gold streamer symbol above is incorrect it should read: e.g. SNDXF + SLW; ...
      7/28/12
    • Mercy Jimenez: w/ Sandstorm I trade it on Canadian TSX exchange where volume liquidity is highest; symbol on TSX is - SSL -in case you want to research it.
      7/28/12
    • Ocean Man: ABX has a Dominican mine coming onto production later this year that looks better than expected, good long term hold.
      7/28/12
    • investor44: Thanks Ocean Man: All I can do at this point is hold it and hope for the best. Very glad to hear about the Dominican mine.
      8/1/12