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Barrick Gold Corporation (ABX.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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26.18-0.19 (-0.72%)
At close: 04:00PM EDT
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  • A
    Albert
    “Barrick Gold Corp (NYSE:GOLD)
    The 20 analysts offering 12-month price forecasts for Barrick Gold Corp have a median target of 28.00, with a high estimate of 32.08 and a low estimate of 21.50. The median estimate represents a +35.00% increase from the last price of 20.74.”
  • J
    John Kolter
    Just for fun, my idle mind thought back to around 1980-1981 and remembered that gold spiked up to “around” $850 an ounce (not a precise figure). Back then a Big Mac was about $1.60. That meant I could buy 531 big macs with an ounce of gold. Today, where I live, a Big mac is about $5.00 and I know it is higher in other parts of the country. But I decided to divide $1860 an ounce (today’s fluctuating gold price) by $5.00 and found out that one ounce of gold would buy on 372 Big Macs. I don’t know about you, but I don’t like to get cheated. That tells me that either gold is under priced by 30% or Big Macs are priced too high. If I were to inflate $1860 gold by an additional 30%, that comes to about $2418 an ounce. This figure correlates to estimates made by other individuals using much more complicated math showing that gold should be priced higher. On the other hand if gold is properly priced, then a Big Mac is over priced and should be $4.55. Well, what do we get out of all of this? If you are a conservative, you are angry that the gold prices have been deliberately manipulated to low. If you are a liberal, you are going to march in the streets, blaming McDonalds for creating inflation, and demand higher wages for french fry flippers. Ok, people lighten up. Just trying to make you smile!
  • R
    Rick
    Kool help the country of Tanzania with cash from ozs.sold. Glad to know it. Love Barrick our gold miner.
  • A
    Anonymous
    This is a long article, so if you don’t have time, leave now.
    I ask everyone to open their mind to possibility. I firmly believe that if something “can happen,” then eventually it “will happen,” so please consider this a warning. Ultimately, if you do not have something privately titled in your own name and within a nation that will support and honor personal property rights, then you have nothing, except any physical possession that you can take with you and defend. Within the grand time line of all known history, this little noble experiment, a microcosm of time involving the United States of America, is one of the brief moments in time that allowed individuals to own property. That was what was so uniquely different about the United States of America. Think back to just recently within the Soviet Union. People were essentially the possessions of the state. All real property, means of production, services and goods were dispensed through the government. Socialism fails because it does not provide incentive. Socialism cannot survive for long when surrounded by capitalism, and that is why socialists need to extinguish capitalism in order to dominate the entire globe. The two systems are like matter and anti-matter. Socialist economic systems cannot not compete on a level playing field. That is why most socialist nations survive by selling natural resources. China thrives through economic slavery, unfair trade advantage and currency manipulation. Worker wage costs can be reduced essentially to near zero, because people work for the state. In short, it is efficient, and horrible all in one.

    The “cabal,” and by that I refer to the super bankers and industrialists working through the WEC and the pinnacle hub of international banking system known as the Bank of International Settlements, seek to concentrate global control into mono-nationalization, not globalization. They are statists. Philosophically, they align with the teachings of Plato, Karl Marx, etc. They believe the most efficient way to manage a civilization is through extremely concentrated state control, if not complete dictatorship, (much like a Roman Cesar or emperor). In order to gain this control, every government of the world must be controlled from within by loyal members representing the interests of the cabal. What I find most amusing is that all those that flock to the Cabal believing that they will be rewarded with power, opulent wealth and influence within this new global society, will be greatly disappointed. Much like all the wealthy donors and academics that supported the Bolshevic Revolution, they will find themselves part of the downtrodden masses. In the end, they will be the new useful idiots. Proponents of communism will tell you that socialism cannot not exist as it is for long. It is merely a stopping point or resting period in history on its path to complete centralized communist control. Those that seek control of the new mono-nation, care not of how, or what the system of governance looks like, or what human suffering is involved, as long as they control the money. What they fail to understand, is that once a dictatorship has been achieved with complete control the military, they will lose control of the money. And then the new equivalent of the Soviet Union of the World will be reborn and once again stagnate, because it lacks incentive. But this time it will be under brutal military control. Sorry for the dark thoughts. My goal is simply to stimulate thought and provide warning.
  • A
    Albert
    Going to the moon! $50 by 2023.
  • J
    Jand
    This should be back to $25 where it belongs! Never should have traded down to this level.
  • J
    Jetty lee
    GOLD is going back to $25
  • D
    Dennis
    I'm a buyer. This will never go back to $18,50. Get in while you can.
  • P
    Plutus
    Been holding for like 3 years…no inflation hedge AT ALL?
  • J
    John Kolter
    I recently read an investment article published from Matterhorn Gold Switzerland, by the highly regarded Egon Von Greyerz. Sharing only a brief portion of the extensive communication, I found the following quite eye opening and wish to share with all here. In the article it was stated that global stock market capitalization is just over 90 trillion dollars. The total value of the 33 largest mining company stock is only $210 Billion dollars. Only six of those companies are worth more than $10 billion dollars. Gold mining stocks represent only 0.2% of the global stock market capitalization. Total investable gold assets amount to $2.5 trillion dollars at current gold price. Global financial investment assets amount to about $220 trillion dollars. The physical gold investment market is only just over 1% of global assets. When institutional and other investors move into the gold market and increase their holdings from .05% to 1% of world financial assets, that would involve a 1.1 trillion dollar investment in gold and gold mining stocks which at today's prices would represent 50% of that market globally. If gold went from 0.5% to 1.5% of global assets, that would mean buying all the gold available in the world for investment. The potential for price increases in gold is enormous. Draw your own conclusions, and as always, this is intended to stimulate communication and thought processes among gold mining investors. Have a great day!
  • J
    Jeff
    DXY broke support at 103. Look for much lower prices to come....
  • J
    Jack
    I have ABX, AEM and 2 other gold mining stocks. I'm comfortable with both ABX and AEM, while the other 2 gold mining stocks are okay, but not great. In our portfolios, 3 out of 4 gold mining stocks are profitable, i.e. trading above our average cost per share; only one stock is just about breakeven, or a bit under water. Now is a good time to stock up on gold mining shares. Question: What are some other worthwhile gold mining stocks to consider at this time?
  • D
    DisGuy
    Where are the buy backs?
  • N
    NANCY
    How long must I hold Mr Bristow?
  • J
    John Kolter
    Globalist plans are in trouble, but getting fixed. They see the potential division into East vs West and don't want to see their plans de-railed. That is why Kissinger is supporting Putin and allowing Russia to take more of Ukraine. These godless potentates could care less about people. We are just sheep on their farm to be harvested at will. We used to talk about things like the UN and Nato. Now everything is about Davos and the WEC. The bankers are manipulating world outcomes. They control our currencies, economies, and gold. National sovereignty is an illusion as long as banks control governments. Make no mistake, their tentacles are into everything. At the base of it all is old family fortunes. Sounds to simplistic doesn't it. Sounds like conspiracy nonsense, right?. Just look around and see all the things that don't make sense and go against the general will of the people, yet they are happening anyway. Here in the USA, you need look no further than the CFR, Trilateral Commission, Rockefeller and Morgan banking enterprises, liberal non-taxed charitable foundations, corporate news media controlled by the banks, liberal think tanks, homeland security and the CIA. This is all nothing more than a big banks psy-ops operation dismantling our country, brick by brick and concentrating power into the hands of our future oligarchs. Were screwed. If only our country had listened to the wisdom of Thomas Jefferson and his opposition to establishing a private central bank. He helped design what we had, and warned of what would destroy it.
  • t
    trevor
    To all the shorter’s who brag about how much money their making on it going down. Congratulations! There are lots of people however that work for a living and need to pay their mortgage and raise families etc. but go ahead and hope for bankruptcy for all companies and pay everyone’s welfare!
  • J
    James
    The only stocks that were down today were scam gold mining stocks. Everything else was up. When will you guys learn? Gold is going to $1500 and this stock is going to $10 or $5.
  • J
    Jeff
    Looks like the Fed is going to start easing. Shocker! I wonder who called this months ago. Gold will soar... U shorts need to cling to every word I say....
  • S
    Sachin
    wait for tomorrow
  • D
    Dennis
    Sussman trial started Monday with jury selection.