Archive | 2.33

Never been into Gold

28 Feb

Looking at Barrick Gold Corp at its 52 week lows might consider making a position in them.  They reported a net loss for the fourth quarter.  Usually, I do not like to invest in a company that has zero profitability.  But Barrick is a big name and stock price has been suppressed.

Could this be an opportunity to make some money?  Or could this be another Cliff Resources which I’m holding at a 50% loss now since I had hopes for it to come back out of its rut.  

I’m just thinking out loud.  All hypothetical talk.  So don’t go out on a limb and buy them.