GOLD
GOLD …The Stock = Barrick Gold.
They adopted this great Ticker from Anglogold when they merged to make the largest gold miner in the world.
The Weekly Chart is on the verge of a Major Breakout IMO
A nice BIG H and S reversal pattern.
Right shoulder forming outside the major downtrend line ( as Rambus shows frequently this is a very bullish set up)
Right on the very horizontal neckline and at the same time RIGHT on the 200 week Moving average
Its been 3 long years exactly , since the incredible moon shot which kicked off this new PM Bull.
Could we Gap this line Next week ?
Wouldn’t that be nice ?
Good Luck to all. ( except the Bears 🙂
Agree. A lot of PMs showing some zest today.
If we have a repeat of rally since last August in the gold stocks we could have a $18 target for GOLD and 25 for GDX
I am loaded on calls for this one, am so broke its the only way I can participate. And yes, I am in the green so far.