Red Alert Gold Spot
Keep Eye on $ 1262 Level,
We See Target $1243——$1232——$1218 is possible in PANIC !!
Gold Buy Karna Mana Hai – Buyer Rahe Savdhaan
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
Mobile No. 9582247600 & 9899900589
When a deep commodity downturn started in 2011, Barrick Gold Corporation (NYSE:ABX) and most of its peers were still living in the glow of the upturn. As gold prices started falling, however, it became clear that Barrick couldn’t support all its expansion plans and the weight of its hefty debt load. Since then, it has easily done more than its peers to fix its debt overhang. But investors need to be aware of more than just debt reduction when looking at Barrick.
History repeats itself
Commodity prices tend to be highly cyclical. The pattern is so similar each time that you’d think miners would be able to resist the temptation to overextend themselves. But the so-called animal spirits of the market are a siren call that few can avoid succumbing to. Which is why so many miners, Barrick included, were caught off balance in 2011 when commodity prices started a steep decline.
