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Barrick Gold Corporation Message Board

  • dfcinvestor dfcinvestor Jun 6, 2002 11:08 PM Flag

    ABX Today

    Okay, shorts, you've heard me here before. Barrick wil outperform its peers on the correction, I said, and look at today's box scores. I also told you I'm going to short Intel, and it kinda looks a little heavy after today's announcement, eh? Learn from me...short tech tomorrow on any bounces. Shorting ABX is financial SUICIDE.

    ABX longs, congrats. This is a winner. I think that gold shares will probably fall a bit more along with the general market slide, and a huge buying opportunity will present itself in a few weeks. ABX is outperforming its peers today and is a Buy, but if you're long I'd hold and if you're on the sidelines, I'd probably average in.

    The Canadians and are going to teach us Americans a thing or two this year, not least of which is how to manage a currency, how to run a (relatively) honest stock market, and how to manage commodity assets. Buy ABX, BGO etc and enjoy the ride, IMO.

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