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Barrick Gold Corporation (ABX.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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19,622 reactions on $ABX.TO conversation
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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.
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!!
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...
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?
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.
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.
The price of Barrick Gold Corp seems to be way, way, cheap in comparison to the price of physical gold and the looming potentials for the stock market in general. After all, gold is traditionally where investors flee when things get out of hand. As most know, when the Fed is pumping liquidity, the stock market does very well, and congress just unleashed another enormous new boat load of money that will be entering the economy. The proponents of this enormous increase of currency (notice I didn't say money) believe that a nation can print itself to wealth and prosperity, simply by running the printing press. Ludwig Von Mises would like to disagree, and anyone doubting the intelligence of this brilliant economist from days gone bye should perhaps re-evaluate what is going on in present day, with correlations to the past. I look at the stock market and see that market capitalization is 30% higher in relation to GDP than it was at the peak in 2000 (prior to the crash). I see inflation running higher than the official reports from the government and they are reporting something to the tune of 6.4% if I recall correctly. We have a huge supply channel disruption, failing to provide goods and services to our nation, and store shelves are becoming depleted. Energy costs are rising dramatically, and the increased price of fuels acts like a tax on the consumer, only this tax revenue is forwarded to foreign nations and not here in the USA. We have 100,000 Russian troops posturing on the Ukraine border, and China is likely to invade Taiwan after the next Olympic games. All I am saying is that the market is not properly pricing risk, and I believe that mining stocks are a safer place to be right now that the stock market in general. We all know that when the stock market breaks hard, it takes miners along as well, to some extent, but in the longer perspective of things, gold has no where to go but up from here. What say you?
When I was young I used to wonder about tulip mania, now that people are purchasing prime numbers for tens of thousands of dollars, I think I have seen everything.
What surprises me is that whenever there is conversation of precious metals vs crypto crypto guys purposely take debate towards the energy. I agree energy in mining bitcoin is problem but thats not REAL problem about crypto valuation.
Real problems are
1) Blockchain is not crypto. It is is technology, we can have infinite number of crypto based on blockchain. Thus bitcoin may be restricted to 21 million but tomorrow you can have hitcoin with same technology.
2) Even for currencies like bitcoin recently changes were made in program for added security, this tells us that even though sha256 is unbreakable tomorrow it may break and then we have to go to sha512 and then
bitcoin supply will increase tremendously, also FED and central banks can force the wallets to report all transactions ending any privacy.
Crypto will be to currency what's Facebook is to Social life.
3) Since there is no intrinsic use (remember blockchain or nft technology is not crypto, crypto is based on tech not vice versa) all we have is price and with about 5 trillion dollars trapped in crypto what will happen once people know its worthless (You definitely cant wear them or gift to your better half)
not hard to figure...currently, U S Dollar vs Gold
China, India, Russia and soon to follow U S will also criminilize Crypto.
...Anyone want to buy a bankrupt El Salvadore?
today is the last red day and moving back to $26
Where it goes from there is either down to $24 or up to $27.50
This drop in gold does not make sense at all bullion should be up $50 by the renominate Powel I bet soon the gold market is going to recognize and go up substantial.
Yesterday was fun. Today is Friday. We usually do well before heading into the weekend. People wanna invest, and GOLD is a solid choice.
I was about to report that 10 million oz of paper wampum has been sold premarket. Then Whoosh, another 5 million paper oz sold in the blink of an eye. Barrick would need 4 years of hard labor around the globe to produce that much physical gold. But, the price is set using paper wampum contracts.
They had some interesting insights about GOLD on (
). Definitely made me think twice about the company.
Barrick current share price is transitory ,inflation wont be.
13 million paper oz of wampum already sold today. Definitely will see the entire globes annual mining production sold in just 3 days during a light holiday week.
People invested would tell you to buy the dip or hold. You listen to yourself and do what is right for you. I am sticking around. If I can't trust my own understanding of the market I might as well stop, investing altogether.
good buy now ?
Money is immigrating from crypto to GOLD it will be a new trend.
Inexcusably rotten leadership that has the stock pinned below $20 while gold hovering at $1800+ for 2 years, stock should be $50+
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