>> it's very important time for barrick.xpected stoppage of one of the construction of their largest newest mine on the border partly causing havoc in the stock over the past 30 days. looking forward to the ceo to address that issue and also other ways barrick can help maintain and keep their cash flow in a period of lower gold prices. >> this cash flow number is going to be important. what's your expectation? >> well, i think you're going to see -- in the first quarter it's going to be fine. right now if you look at 2013 cash flow going forward at current gold prices, barrick will be $2 billion short of what expectations were just a month ago and we have a major capital spending program ahead of you that will be delicate for barrick to maneuver through that as we move through 2013. >> just curious. there's been so much talk lately about physical gold and the appetite people in india or here or i should say there in the u.s. have for it, what, if anything, do you see? what's the impact for some of the companies or is there w

. >> joe, what's the read on barrick gold today?e's a prort that talks about the potential balance sheet issues that a lot of these companies -- not just barrick. you're going to have significant debt concerns that need to be financed. you have the risk of dilution as they offer out more equity. it all brings it back to gold. if you want to be long gold, by gold itself. i don't think you touch the miners. >> a big snapback today following the turbulent week last week. there's word that some are standing by the metal. should you? joe, you don't think you should. dr. "j," gold? >> as i said last week, judge, as you were out, but i said to michelle, i sold puts on the gld. we got right down to the levels that we had heard a number of technicians talk about. saying basically $1,360 would be a screaming buy. we have screamed up about 60 points from that level for the precious metal. so also the volatility was so high, judge, that even if the market didn't move, the underlying didn't move as drastically, just an easing in that panic level

since barrick bought back their hedges, the gold market rallied some $400 or $500.'s rallied probably 300 or so s&p points. these miners are lower. now they're at a price point, inflection point, the where somebody might pull the trigger in hedge. what does that mean if a miner comes out and says we're starting hedging up again, what does that mean to the stocks? what does that mean to the gold market? >> actually, i'm one of the few people who thinks that if you treat gold mining as a business, which is what barrick used to do, and hedged all their gold forward, especially when you had wonderful contangos, which you don't have now in the gold futures market but at least you knew what the price was going to be, you could hedge it at a contangoed price going forward and treat it like a mining business, i liked that company at the time. i think if you began hedging again i think it would be beneficial to the gold miners. others will argue. others will take the other side of the case. but those people who argued against the miners hedging said we want to have the expos

we talked to marti at barrick asset management and here is what he was saying.ntially saying gold is no longer a safe haven hedge anymore, not needed anymore. earlier in the day investors look at stocks and real estate state more of an inflation hedge. we'll put what marty on the screen. here it comes. he is saying the u.s. dollar is stronger. he is saying inflation is not a storyline right now. as china growth slows, china's use of commodities and metals is also slowing. so gold is being caught in a rip tide right now of a commodities selloff as it oil breaks below $90. oil is around $88 a barrel. tracy: not selling because of this but more so of computer-generated stop losses, right? >> that is interesting. you wonder when that will hit the bottom right there. tracy: right. >> also we're seeing historic action in the spdr gold etf. five times the trading volume going on in the prior three months. that was one time the biggest exchange traded fund. it lost nearly 20% of its assets. now down to around $59 bbllion bucks. so we'll be watching this one closely beca

minors also taking a hit in newmont mining and barrick gold deep in the red. as for oil, also dropping to a nine-month low. concern about a weak global demand outlook. u.s. retail sales fell in march. remember this week the international energy agency also cut its global oil demand growth estimate for this year by 25,000 barrels per day. larry, back to you. >>> many thanks to josh lipton. what's driving this commodity sell-off? a couple points, first, there's no end of the world, all right, gold, no end to the world gold trade. second, there's no end to the dollar gold trade. third, there's no inflation. fourth, maybe cyprus and egypt in some of the euro central banks are selling gold, maybe. we don't know that yet. but how about this thought? a hat-tip to my pal, dave goldman. u.s. energy independence from saudi arabia and elsewhere ends our trade deficit over time, boosts king dollar, and winds up crushing gold. all right? let's bring in jim yurio, his director from institutional services, and we have jard bernstein, cbs contributor. you heard my thoughts, w

and they go further below $1,200, they could see a single notch downgrade in barrick gold and kinrosse end of the day, where were these calls when gold was at $1,500 and $1,600, i assume the credit risk was the same. >> they were upgrading spots. >> now gold miners are down 37% for the year. it's an absolute train wreck. they're playing defense, trying to tell you what they should have told you higher. at the end of the day, if you have a commodity oriented company, and the commodity price wrong, you are naturally going to have a lot of credit risk. >> i think the key here is, do you believe that gold will hit 1,300 or 1,200 where they are at risk of a downgrade. otherwise, this is all buck, right? >> two days ago, i would have said that's a far way away. today, technically 1,200's probably the next area of support. >> really? >> yeah, it could get there. >> gold could go to 600. >> 1,200. >> could go to 600. >> i want to know what is the credit risk at six eight and 1,000. if this commodity is crashing, if that's crystallized yet. if you're long gold, i think it's crystallized in the

grasso, does impressive reversal in gold miners like barrick gold to the green indicate a gold bottomsupport tomorrow? >> i don't think you're going to see a gold bottom here, but thing is always a place in your portfolio for some gold. i still own the gdx. i'm still staying long in that because i want a portion in my portfolio to have exposure to it. >> all right. karen, this one is for you. bought tkr, timken yesterday on the dip. are you adding here? >> i am not adding here. i'm definitely not selling. i think it's coming a little with the market, but also with relational being now. actually, it's timken on the aggressive front saying don't vote with relational. i am voting with relational. i like the story here. i hang on to it. >> and this is for guy. >> hi. >> hi. first red hat and now f5. why not priceline next? $100 in cash, but investors don't seem to care. they don't pay a dividend. why not an apple fall? >> nate. can i call you nate? >> go ahead. >> i'm trying to figure out red hat, f high pressure 5 and priceline, what the similarities are. >> it makes my head spin. >> as

until recently, the army had a barrick as well that was turned over to the parks as a part of the process, but the officers' row which is where my district office sets and is managed by the city and its from the bottom line of the secretary so you can't change anything which is fine but then there are sections run by the park service and we have some challenges on local level with personalities. there is a cooperative agreement we have as you and secretary salazar talked about a public-private partnership that especially at this time when money is scarce we value, you value it it's an opportunity for the public to invest money in a community and be a part of this treasure. it's not just a park service separate thing. it's very intertwined. and for whatever reason -- and this is an agreement that's been going for 15 or 20 years the land for the trust the manager was originally part of the city given the park service in this cooperative deal came about and it's been working beautifully they've been raising money to keep the museum opened, the work with the park service it's just been an ide

barrick gold down 1%. [ driver ] today, my ambulance knew all about a bike accident, just by talkinget. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and stadiums. but, of course, it's a good listener too. [ female announcer ] today cisco is connecting the internet of everything. so everything works like never before. >>> welcome back. a lot of cross currents today. oil below $90 a barrel. the yen is up against the dollar. and the euro being helped by a treasury report saying that it would watch japan's policy to ensure they weren't competing for a competitive advantage. alan good, analyst at morningstar. in new york, boris klosper. >> good job. >> still sticking with that last name even though it's very difficult for us, boris. >> still sticking with it. >> partner and managing director on the bks. just in terms of what we're seeing in metals. >> right. >> a

for a business like ours and a lot of businesses i deal with on a regular barricks i can't see that making sense. well, he's right. doesn't make a lost sense. but that's what president obama's health care law has given the american people. something that doesn't make sense and another broken promise. another hurdle to get in the way of job creators, another failure of the washington bureaucracy, and another burden on workers who, lik liked the insurance tht they had before and now aren't going to be rabel to keep -- aren't going to be able to keep it. there has been headline after headline. here's one more hea headline frt the associated press story. this headline says that "hell overall to raise claim cost 32%." 32% average increase in claim costs. this is a new report by the society of actuaries. then the wyoming tribune, the wyomin"wyoming tribune eagle" ia yank, "health overall bumps up claim costs 32%." and if insurance companies have to pay more, you can bet we will, too." 32% and, "if insurance companies have to pay more, you can bet we will, too." so, on average, insurance companie