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Barrick Gold Corporation Message Board

  • meyers.john28 meyers.john28 Jul 2, 2013 12:45 PM Flag

    Like Cramer said this morning, ABX is a Blue Chip Stock

    which is in the last phase of its bottom. There is NOTHING wrong with the fundamentals of the company and Cramer said that the ABX management is TOPS. Cramer also said he would still not be an owner of these shares due to the price of gold and sentiment.

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    • ABX remains the best of the majors IMO -- certainly at this price. They've let every skeleton out of their closet too, so PPS includes every negative, as well as a lower gold price than we currently have. i think they'll be the best performer in the sector once gold rebounds (after what seems to be a double bottom to come)... And I do think they are easily the best management team when it comes to explaining the reasons behind their scaled-back future plans. (They're also one of the few who gave any explanation, for that matter).

 
ABX
21.35+0.58(+2.79%)Jun 30 4:00 PMEDT