While gold has been in a downtrend recently, Barrick Gold Corporation (USA) (NYSE:ABX) has surged by 6% on Friday after gold spot prices rallied 2% and after the company announced it had reached a deal with its creditors to extend its mostly undrawn $4 billion revolver loan for another year. Barrick Gold Corporation (USA) (NYSE:ABX) also renegotiated a covenant change that requires the company to maintain a net debt to total capitalization ratio of less than 0.60 in the place of a minimum net worth requirement. Barrick's net debt to total capitalization was 0.42 at the end of the third quarter. Gold is rallying today because crude prices are lower. If crude prices stay low for long enough, geopolitical disturbances will occur that will send gold prices higher (although when and if that time comes is anyone's guess).