Mostly: Classical

[ItsAllCyclical]

Yea they've taken out not only all the geo-political premium, but some of the post Fed-is-done bounce as well. Still IT and LT wise could fall further, but NG's news is why I doubt I'll be complete out of the sector at any pt in time. Always a good value out there somewhere. My guess is Barrick will have to increase the offer. Markets already trading more than $1 higher than the offer which is unusual. Only problem is not too many companies can afford NG at it's "proper" price.

Also ABX not dropping much on the deal either. I think the markets realize that $20+ would still be a good deal for Barrick.