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0 0 0 0 0.00906976744186048 0.0160465116279071 0.0141558139534883 0.0160465116279071
Stock impact report

Is It Worth Buying Gold in Your TFSA When the Price Pulls Back? [Yahoo! Finance Canada]

Barrick Mining Corporation Common Shares (B) 
Last barrick mining corporation common shares earnings: 4/24 06:30 am Check Earnings Report
Since escaping from its long-term “support” price of around US$1,700 in 2021, the beautiful metal has risen 168% in price (or 200% going by the 52-week high closing price of $5,247). Granted, the rally in the price of gold has been interrupted a few times. We're actually in the midst of a minor correction right now, with gold futures down 10.8% from their 52-week high. Nevertheless, gold is in a major secular uptrend. It's natural to ask whether the pullback we are now seeing is a buying opportunity. Coming up with an answer to that question isn't easy. Metals don't produce cash flows, meaning that conventional discounted cash flow valuation methods don't work for gold. With gold, value is a simple function of supply and demand. So, coming up with a specific “target price” for gold is tough. Nevertheless, the fact that central banks around the world – including those of China and Russia – are ramping up their gold purchases provides hope that demand will continue rising relative to Show less Read more
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