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Barrick Gold Corporation Message Board

  • izoomer izoomer Jul 5, 2013 7:06 PM Flag

    To ALL who sold today

    Unless you disposed under duress, you are obviously complete idiots, a danger to yourself and your loved ones. You should abandon the stock market, or you will promptly lose whatever is left of your depleted savings. You are simply not made for a stock investing. To sell the premier gold mining company - at a time when gold is still selling at $1200/oz - for the same amount it was selling when gold was trading at 300 bucks - is a definition of lunacy. I wish you no ill, but I am glad I have none of you amongst my friends or relatives. Otherwise I'd be very worried. I hope you don't posess any firearms, explosives or a stash of sleeping pills. If you do, and decide that your pain is too great, please go away quietly, don't take anyone else with you, and leave a short note.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The sector is dead. It will take years if not a decade to recover. Its better to sell now and use your money for something else than having dead money in here for 10 years. And that's if gold doesn't get shorted to 0$

    • A wildly emotional response from an underwater bagholder. Did you tell people about the $14.7 BILLION in DEBT that Barrick OWES ? Yeah, maybe the Weimar Republic, or Zimbabwe inflation waves will save Barrick from PAYING the real money they OWE. Munk is 85 years old - not a plus.

    • A lot of what you said is true, but they did not have the debt they have now. That is very frightening
      with gold trending down.
      Plus stocks move up and down in groups. You chose to invest in a group that is out of favor and
      getting crushed and then cry because your stock is dropping.
      I call that "Eyes Wide Shut"!

      • 1 Reply to twohander44
      • Look, before gold sold off recently, ABX was a good stock to be in. It is in the mining sector, but it isn't related to China's building craze. So, when people shorted the miners because of economic slowdown in China, it didn't make much sense IMO to short gold miners. Now, with gold prices dropping, it does. However, we will see what happens to the gold price - I bet it goes back up to $1400/oz by the end of this year, and that will put ABX above $20/share again quickly when it happens.

        Sentiment: Hold

    • Barrick should just dump some of its sour projects and the stock will stabilize.

      Sentiment: Strong Sell

    • Other opportunities in this market, which will lead to quicker gains. This will take awhile IMO. Still think gold has not bottomed yet. And,..oil is the new gold on the positive side!

    • I agree. But, it is hard to look at this and imagine we won't be stuck here in the dumps forever ...
      All the other miners sold off first last year (on worries over China's economic slowdown), now the gold miners sell off because gold sold off. ABX was already beaten down more than others because of Pascua Lama. This will take a year to fix the stock price, IMO, and who knows what will happen to gold ... it may be up to $1400/oz by the end of 2013, but what I've been reading predicts even lower gold prices in 2014. Wow. I certainly don't understand what is going on ... so I will just hold and wait, and hopefully get my money back some day. I made a really bad pick here.

      Sentiment: Hold

 
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