Algokid
Long

BUYING BARRICK GOLD - ABX

NYSE:ABX   BARRICK GOLD CORP
267 6 2
I recently published a chart " time to get in gold             and silver" ( https://www.tradingview.com/v/QB90ofkb/). Since winter 2013, there 's been a large sell-off in gold             . Gold             miners started their sell-off well before in December 2009.

For 3 months now I've been paying attention to the gold             miners ETF , GDX             , as it was approaching a key support. Well this support has been "confirmed" by the Barrick Gold             ( ABX             ) one of the biggest gold             miners.

I'm taking a very substantial position in ABX             for the long term. The stock nicely bounced from it 's support, it might go down again to test that support, but I'm confident that long term, this trade will be a winner.

Cheers

Algo
www.passivestor.com
yalo
3 years ago
Congratulations , good analysis,where do you put the stop lose? Thanks in advance
Reply
Algokid PRO yalo
3 years ago
Thank you Yalo. I have a stop loss at $9.75 , right below the support levels. Need to let the trade " breath" .
Reply
yalo Algokid
3 years ago
ok,thanks!!!
Reply
Algokid PRO
3 years ago
ABX and Gold miners (GDX) are doing ok so far. There's still some resistance ahead. As for gold price, I'm waiting till mid -September to determine a possible entry point.
Reply
Algokid PRO
3 years ago
As expected , ABX is meeting some resistance today. Will most likely take a position into GLD by month end.
Reply
Algokid PRO
2 years ago
long term resistance finally broken.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out