02:29:33 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,165,215,209
Close 2016-05-11 C$ 23.71
Market Cap C$ 27,627,252,605
Recent Sedar Documents

Post/wire say Singer ties up with Barrick ex Usmar

2016-05-12 09:27 ET - In the News

The Financial Post reports in its Thursday edition that hedge fund manager Paul Singer said that gold's best quarter in 30 years is probably just the beginning. A Bloomberg dispatch to the Post quotes Mr. Singer as saying in a recent note: "It makes a great deal of sense to own gold. Other investors may be finally starting to agree. Investors have increasingly started processing the fact that the world's central bankers are completely focused on debasing their currencies." Gold for immediate delivery rallied 16 per cent in the first three months of the year, the biggest quarterly surge since 1986, as the U.S. Federal Reserve refrained from tightening and central banks in Europe and Japan pressed on with negative interest rates. Some of Mr. Singer's peers believe the bull market in stocks has run its course. Mr. Singer's outlook contrasts with the view from Goldman Sachs. While the New York-based bank revised its bullion forecasts higher in a May 10 note, its commodity group including Jeffrey Currie still expects weaker gold prices over the next 12 months. Mr. Singer is backing a new venture focused on royalties, streaming and other forms of investments that will be led by Shaun Usmar, formerly of Barrick.

© 2024 Canjex Publishing Ltd. All rights reserved.