Traders Cooperative

[ItsAllCyclical]

Re: NG - Well I didn't listen to the ABX CC yet, but I don't see why this would be false.

http://messages.finance.yahoo.com/Basic_Materials/Gold_and_Silver/threadview?m=tm&bn=24339&t...

>> If anyone thinks this deal is going through at this price listen to the ABX CC. At about the 28th minute a guy from Neuberger Berman (owner of 11% of shares out) called in to ask questions. He seemed insulted that Barrick had not talked to them about this offer before announcing it. He closed by saying, "Good luck!" (in trying to amass 75% approval). <<

Glad we both held today and that we both agree that higher prices are coming still. I'm thinking something around 20 is about what we'll get even though a year from now I think we could get 25+ with POG above 600 and course much higher LT. I've got mixed emotions on this deal obviously.