Barrick Gold Inc (GOLD)

[tootalljones]

Barrick reminds me of Amazon.com in the early days, where you could see the company was building something that would be world class, building the back end infrastructure even though the profits did not come for many years. CEO Mark Bristow is doing that with this company, so many world class mines now producing, and some many properties that are on deck, in the portfolio, waiting to be built, so that the company does not have to pay through the nose in the future, they already have the stuff in house. This sort of demonstrates the guy's long range thinking.
Here is what will happen in the next year. POG will rise big time.
POG 1900 = s/p will be 24.
POG 2000 = s/p at 30
POG 2100 - s/p at 40
POG 2200 - s/p at 50
POG 2300 - s/p 60..

I think the POG then relaxes for about 6 months, in the fall of of 2023 or thereabouts,
but then in 2024 the POG tops 2700 and the share price hits 95..........
and then there is a major retrace which brings it back to 45, and the thing consolidates after this massive crash which washes everybody out, for almost a year before the next major more up....
Mark this post. Mark my words.