30.35BMarket Cap21.09P/E (TTM)
17.700High17.220Low21.07MVolume17.600Open17.800Pre Close366.83MTurnover1.21%Turnover Ratio24.01P/E (Static)1.76BShares18.95052wk High1.30P/B30.12BFloat Cap13.56752wk Low0.40Dividend TTM1.74BShs Float28.536Historical High2.31%Div YieldTTM2.70%Amplitude1.361Historical Low17.409Avg Price1Lot Size
Barrick Gold Stock Forum
$Gold Futures(JUN4)(GCmain.US)$ rose $31.90, or 1.3%, to settle at $2,417.40 an ounce on Comex. That's the all-time high close for a most-active contract, according to Dow Jones Market Data. The precious metal also r...
The latest regulatory filing reveals that Michael Burry, the renowned investor who predicted the subprime mortgage crisis and was featured in the book and movie "The Big Short," has significantly increased his holdings in physical gold trust funds in the first quarter of this year.
📈 Burry, the head of Scion Asset Management, purchased over 440,000 shares of Sprott Phy...
Summary - What Is Happening In The Markets
US equity markets marched higher last night. Despite U.S Fed chair Jerome Powell highlighting that the PPI data was "mixed rather than hot", at the same time still maintaining the view that the U.S Fed will require more time to monitor inflationary trends. Equity futures dipped slightly before letting the bullish sentiment take over, following the shift to 'meme'-stocks like...
Gold demand for the last 7 quarters has reached 40 million troy ounces on average.
This is almost 2 million higher than the quarterly average from Q1 2010 to Q2 2022.
Over the last 2 years, the gold demand surge has been almost entirely driven by central banks.
In 2022 and 2023, central banks bought a record 2,100 tonnes of gold.
Why central banks are so aggressively acquiring Gold?
$Barrick Gold(GOLD.US)$ $MicroStrategy(MSTR.US)$ $SPDR S&P 500 ETF(SPY.US)$
Global central banks bought 290 tonnes of gold in the first quarter above the previous all-time high of 286 tonnes seen in Q1 2023.
Purchases were led by Turkey, China, and India putting us on track for another record year.
Meanwhile, gold prices are up by more than 11% year to date and 25% since October.
Central banks are piling into gold while calling for a "soft landing."
Something doesn't add up here.
$Nasdaq Composite Index(.IXIC.US)$ $SPDR S&P 500 ETF(SPY.US)$ $S&P 500 Index(.SPX.US)$ $Barrick Gold(GOLD.US)$ $SPDR Gold ETF(GLD.US)$
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