This is quite good news despite market action today. For several years now i've mentioned that gold would be on it's way to and beyond $1000/oz. Apparently Barrick believes this too and has decided to unhedge their position on their gold.
Very good weakness here this morning, It came a bit lower than i had expected it to this morning. Buying down until $33.
gold should be breaking $1000/oz very soon. buy and hold is my recommendation for this guy. Barrick will be looking good like the rest of the precious metals sector this fall/winter season.
$37.66 (09/09/09)
