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Barrick Gold Corporation (GOLD)

NYSE - Nasdaq Real Time Price. Currency in USD
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18.99-2.00 (-9.53%)
At close: 04:00PM EST
19.06 +0.07 (+0.37%)
After hours: 07:55PM EST
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  • M
    Micah
    In a few hours (11ish hours); at the start of the US market trading, someone will get up here and warn everyone "x million amount of paper gold has been sold off during premarket..." and then they will say "unbelievable". Imply today is a bad day for gold because of a "bad" start. They want you to think there is nothing you can do but feel despair.
    What's unbelievable is that they do this at the very beginning of every trade, like clockwork, for the past three years. They never once mentioned how many were bought. No, they only mention millions that were sold.
    If I was a new investor looking to get into gold, as I read their posts, I might start to have doubts about the GOLD market, even though we are in the middle of a pandemic, with billions of job loss, refugee, civil wars, climate change, and inflation.
    These AM premarket posts may appear harmless, but it's a very effective way to undermine investors' confidence. It's nothing short of a Psyop done by professionals. Respect them, beware of them.
    Dosage No.2
  • S
    SevenNanometer
    This new virus 🦠 is the answer to the feds dilemma that was forcing them to stop the printing presses. Now they have the virus as an excuse to print ad infinatum and keep rates at zero pct for much longer,, Gold will see 2000 in a few weeks which is only a 20% move from here which many stocks do in 1 day lol 😂. Gold today after having been taken down in the past week is likely the best place to invest in today. The large short positions will only add fuel ⛽️ to the rebound and move to all time highs..
    Bullish
  • M
    Mr. Mackey
    Inflation is over 6% but we're still at 0% emergency rates? Even if the Fed goes to 1% real rates will be negative 5% and that's assuming Inflation doesn't get worse.
  • D
    Douglas
    I laugh at the manipulation, I can wait years!! I just continue to reinvest the dividends. I really wish they would announce a buy back. When you look long term this is easy money!
    Bullish
  • D
    Dirkus
    $AG conversation
    IMF stats: The Monetary Authority of Singapore added 26t of #gold to its reserves over May and June 2021. This is its first gold purchase since at least 2000, and another instance of a developed market CB buying (along with Ireland).
  • M
    Micah
    In a few hours, at the start of the US market trading, someone will get up here and warn everyone "x million amount of paper gold has been sold off at premarket..." and then they will say "unbelievable". Imply today is a bad day for gold because of a bad start, and there is nothing you can do about it. What's unbelievable is that they do this at the very beginning of every trade, like a clockwork, for the past as far as you can imagine. They never once mention how many was bought, no, they only mention millions that was sold. If I was a new investor looking to get into gold, as I read this, I might start to have doubts about this market. It will appear harmless, but it's a very effective way to undermine confidence. It's nothing short of a professional Psyop.
  • D
    Dev is HDT =)
    Big squeeze coming up.
  • D
    Dirkus
    $AG conversation
    Highest short position EVER by banks on #gold.
    We will have fireworks before the end of the year probably.
  • o
    outdated
    It's interesting to see how much different currencies have lost against gold the last 20 years. Best looks like swiss frank that now is worth in the .20¢ range to Mexico, Pakistan, Turkey that are in the 5¢ - 7¢ range. Don't stack fiat
  • M
    Micah
    Shorters. This ship is about to turn 180. You might want to pause your shorting if you want to survive the present and near future. Consider yourselves warned.
    Bullish
  • M
    Micah
    When the price for gold properly adjusted for inflation I'm gonna cash in this trove hard a cargo ship and hundred plus 18-wheelers gonna be used to transfer all that dollar bills to my local bank. My local banks gonna get dumped on by a tiny tsunami of cash...the cash gonna flood out their building from every openings. The ATMs gonna murder people with extra hundred dollar bills...
  • M
    Minn
    Fed Chair Powell’s statement seems incredibly dovish. Look for continued deeply negative interest rates. Powell is choosing fighting Covid over fighting inflation. This could be the catalyst for gold retesting its highs. https://www.cnbc.com/2021/11/29/fed-chair-powell-says-omicron-variant-poses-risk-to-economy-complicates-inflation.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail
    Bullish
  • R
    Rob
    Wow, last quarter this thing tanked over a dollar on expiration of dividend and we held up very good today, I’m quite surprised
  • P
    Paul
    10 million oz of paper wampum sold so far to bring that price down. We’re on pace to observe the entire globes annual mining production trade in just 3 days, during a holiday week. There’s no winning in a rigged game.
  • m
    max
    uh oh, trading chart today saying more bigger down tomorrow.
  • m
    mr is back!!
    When you suppress a necessary commodity like gold for a year and now inflation is through the roof. Watch the gap up and enjoy the ride. This sector is manipulated buy big banks!! If Basel III is implemented in January watch out. Gold at $2500 easy. Good luck longs!!
  • M
    Mark
    Buy all the gold you can afford now !
    “Powell to tell Senate omicron variant poses downside risk to economy, complicates inflation picture”
    PUBLISHED MON, NOV 29 20214:30 PM ESTUPDATED 2 HOURS AGO
  • o
    outdated
    Fundamentally what is portant is the average price of gold for the fourth quarter. Volumes are going to be up this quarter so all we need for a decent quarter is gold at $1800. Anything above that is going to be gravy. Stock price is pretty good about pricing that in, but really all we need is $1800 to be a decent year.
  • X
    Xerxes
    So we just gotta wait awhile is all
  • D
    Dev is HDT =)
    Can someone explain to me if the FED raise rates how this would be bad for GOLD, I heard this twice from different Gold "expert".

    I can see how rate hikes would be bad for stocks and good for bonds, but bad for GOLD?
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