Jimmy's Trading Room: Great Opportunity to follow Warren Buffett to invest in Barrick GOLD !!!

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None of the information contained in this Blog or Video constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investments, or to participate in any particular trading strategy.

Any expression of opinion (which may be subject to change without notice) is personal to the author and the author makes no guarantee of any sort regarding the accuracy or completeness of any information or analysis supplied.

The author is not responsible for any loss arising from any investment based on any perceived recommendation, forecast, or any other information contained here.

Sunday, September 27, 2020

Great Opportunity to follow Warren Buffett to invest in Barrick GOLD !!!

Barrick Gold has sold off $1.5 billion in noncore assets to help reduce its debt, which in the June-ended quarter pushed net debt down by almost 25% to $1.4 billion. Higher gold prices, coupled with Barrick's leverage, should allow the company to deploy its extra cash flow to improve its balance sheet.

Additionally, free cash flow totaled $522 million in the second quarter, an improvement of $84 million on a $128-an-ounce increase in the average price of gold from the sequential first quarter