Mr. Thornton has stated that he wants to clean up Barrick’s balance sheet, streamline the corporate structure, and return the company back to its entrepreneurial roots. Barrick has also said it would purge any asset that does not deliver a 10-15% return on invested capital.
Get in before Yellen speaks to IMF....Gold expected very very high as US economy in negative territory.
Warren Buffets says Market Selloff When Bond Selloff its a Indication Gold Price to go High
As central banks globally engage in quantitative easing programs to stimulate growth, “bonds start to sell off because you’re trying to reignite optimism for the economy, reignite inflation expectations,” he said.
JP Morgan fears of inflation further down the road and resulted in very strong demand for gold.
"My preference would be that we not raise rates until we're confident that we are going to see rates rise, and those rate increases be clearly in train," he told reporters after a speech here. "However having said that, it is the overall stance of monetary policy over a longer period of time that will ultimately be determinative, so a properly shallow path of increases, even if we were to increase rates sooner than I would like, could still be quite supportive of continued strong economic recovery, hopefully continued increases in inflation."
If you can notice the QTR Report the GG has no bad debts like ABX or NEM although the production cost went up. As long as their Balance sheet remains positive GG is long term winner amongst Gold producers.
Yesterdays better Jobs growth is a Lie ! Nobody can verify those figures......GOLD will rise to $1400 or More...
Billionaire investor Warren Buffett said he believes the Federal Reserve won't be in any hurry to increase interest rates-in part because of the softer U.S. economy at the start of the year, but more so due to what's going on in European bond markets.
and even the Fed in its policy statement after its April meeting on Wednesday downplayed the GDP print for the first three months of the year.
note this...................,,,But, revenue for the quarter came in at $1.27 billion, topping the $953.51 million analysts were expecting. first quarter, gold production rose to 724,800 ounces from 679,000 ounces, but the average realized price dropped to $1,217 per ounce from $1,297 an ounce a year ago.