Barrick Gold Inc (GOLD)

[biotech_researcher]

They are crushing the dwarf again...

[biotech_researcher]

Yeah, no work with Firefox

[bar1080]

"Realize players like you..." I'm an investor, not a player.

Buffett reads [text, not charts] incessantly. Some say 500 pages a DAY.

[Jabez Advisory]

A two minute tour on CNN. Buffett pays people to read charts and 10ks. In the last 25 days GOLD has bounced off a low of $19 and rose to $21 before giving a little back. That is a 10% gain in 25 days, annualized 125%. Realize players like you laugh at those returns but for us lil guys it's money in the bank. My post was to see if Mr. Buffett knew something the rest of us didn't. The article below explains the decision which was my question.

https://www.fool.com/investing/2020/08/20/warren-buffett-just-bought-a-gold-stock-or-did-he/

[bar1080]

What browser did you use? Works on Chrome, the most popular browser. It didn't work for me with Firefox, which is pretty uncommon in 2021.

[bar1080]

There's a problem seeing that, but only on some of my computers.

[biotech_researcher]

Link doesn’t work

[bar1080]

Take this 2 minute tour. Do you see charts or even a computer? Yes, I've long modded IHUB's two BRK boards. So far his decision to sell Barrick has been brilliant.

[Jabez Advisory]

Personal friends with Mr. Buffett and only idiots use charts. Is somebody a little full of themselves? And yet GOLD has trended higher...

[bar1080]

Buffett doesn't use charting. Famously Buffett doesn't even have a computer on his desk in Omaha.

There's no academic proof that TA can predict stock performance. Why is TA popular? Because any idiot can think he can spot a trend in a wiggly line. Also Fundamental Analysis is really hard, requiring years of study.

Brokers LOVE charting because it encourages frequent trading.

[GE_Jim]

It worked well. Why do you ask?

[biotech_researcher]

Jim, how did it work for you with GE?

[GE_Jim]

It’s very hard to speculate the reasons Warren Buffett does what he does. However I wouldn’t read too much into it. Just continue to do the proper amount of D and D, whenever there is a doubt, that process works for me.

[Jabez Advisory]

Some disagree and rates have stopped rising...
https://seekingalpha.com/article/4407207-why-buffett-is-wrong-about-barrick-gold

[biotech_researcher]

Trend higher? GOLD is in the most bearish formation in 10 years. Rising rates for now

[Jabez Advisory]

Anyone wish to speculate why Buffett dumped GOLD when it looks ready to trend higher on the charts?

[Canna_Business]

$GOLD $COST $ITHUF $MRMD $V

[Joe Kaplan]

Copper exploding higher.......
https://www.zerohedge.com/markets/goldman-warns-historic-shortage-copper-explodes-higher

[spec machine]

you should be fine if you bought under $20

I wouldn't buy more until it begins recovering from the selloff

it ought to be nearing a bottom now in the $19s

spec

[Belg]

OMG and I just bought more...

[spec machine]

here's your answer
https://www.fool.ca/2021/02/18/warren-buffett-why-did-he-just-sell-gold/

spec

[Belg]

I don't understand this continued decline despite positive news

[biotech_researcher]

Destroyed..

[wavetrader8x]

I'm in /GC support $1770/oz and GDX support at $32.00

[mikeski74]

Link?

[weedtrader420]

GOLD$ $40 TARGET PRICE WOOHOOOOOOOOOOOOOOO

[2020trader]

NQMLF looks good at .11

[GE_Jim]

Give it time.

[biotech_researcher]

Falling dollar again and inflation confirmed in the economy, gold should rocket higher..

[Canna_Business]

$GOLD $GRNQ $LKYSF $FUNFF $YCBD

[biotech_researcher]

GOLD is stinking up the place....

[Canna_Business]

https://www.forbes.com/sites/greatspeculations/2021/01/06/barrick-gold-stock-with-30-upside-potential/?sh=1b8dca497954

[Canna_Business]

Buy Gold.

[Canna_Business]

Gold = Asset

[Canna_Business]

Cash = Liability

[Canna_Business]

1971: Nixon took the "dollar" off of the "gold standandard".

[Canna_Business]

"Gold = God's Money, Cash = People's Money" - Robert Kiyosaki

[Canna_Business]

Inflation - Dollar decreasing - Gold increasing

Stocks increasing.

Feds printing more money.

[fink]

$22.50

Chart says to buy.,

[fink]

Mufflers are going to take a hit when we are all driving around in EVs

You ever see a King Midas Rolex watch? 1970’s Gaudy as hell, but I’d buy one just to have it.

Best get one while gold is on a dip.

[Supernova12]

I'm currently holding a Jr. Mining Company
Called Midas Gold. Gold will be back in business during the next couple stimulus/ bailout packages for sure. Buffet may exit then, or just be balancing his portfolio with Barrick GOLD; he's probably not ready for Bitcoin...lol

[fink]

Yes he bought in @$26/share.
I wonder how far he’s going to ride it down before he dumps? His buying in is what cause it to run above $30
And to Think I was on the fence to roll out on my LNG hold @30 to buy in here @30
WOW!

Thank god I like Buffets style of trading snd I just sat a on my hands.
LNG is so much in demand with no supply, countries are going back to coal and oil.

But the massive debt that we will see over the next 4 years should send Gold over $2,000-$5,000 as some predict..@ $5,000/oz society with have bigger problems than investments. Better have that physical gold under your bed and not in some online stock.

I’m going to continue to sit in energy for now. It’s cold outside.

[weedtrader420]

GOLD$

[Supernova12]

GOLD hit a low recently even much cheaper than when Warren B. got in. Bought some today- great price. imo

[fink]

True, but gold is still going down.
This dip Is not over.


I’d hold off a little bit longer. To reload

I mean Gold is going through the roof after America’s debt is doubled or tripled over the wack jobs at the controls of this ship.

I can see $10,000/oz

Your biggest ?, at what point do they make owning gold illegal again. How far will they allow the masses to hold wealth.


At what price per gold can This generate profits?
How much gold do the know they have in the ground to continue future growth.

I sense scary times ahead. It may take 4 years to trash our economy.

His knows I’ve been looking for a good gold play too

I’m loaded in LNG and looking to swing into gold or silver

[power11]

EXTREMELY OVERSOLD !!
I AM A BUYER HERE.

[biotech_researcher]

Collaspe..

[Longpicker]

“.... a new drill target has been outlined by Barrick ...”
https://www.proactiveinvestors.com/companies/news/933722/loncor-resources-and-barrick-gold-strengthen-jv-in-the-democratic-republic-of-the-congo-s-ngayu-gold-belt-933722.html

[Longpicker]

Wow! That article didn’t age well

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