Wednesday, January 21, 2009

Barrick Gold (ABX) @ $45.84 CND

Barrick Gold seems to be climbing.

But there are some new problems you should look at:
The PE ratio has now gone to 18.05 and is starting to push being over priced as a stock.

However, the future price of gold as an inverse indicator of the economy can justify a premium. But the question is how much?

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