Tuesday, June 8, 2010

Barrick Gold vs. Royal Bank

If we get into the kind of gold market I think we are going to be in, we could see a market cap faceoff between Royal Bank and Barrick Gold in my view. Current scores below:

RY: $74.4b
ABX: $45.8b

While not scientific, the top dog award on the TSX has been a good predictor of future poor returns, if we use Nortel and Potash Corp as two recent examples. Let the games begin!

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