If there is one stock you want to own to participate in the coming massive bull market in PMs it is Barrick Gold. Ive always hated this company in the past because of accusations of manipulating the gold market and inherent corruption within the company...but now with the recent merger with randgold and joint ventures with Newmont i feel barrick is finally going to focus on what they should be focused on... the gold price and how to profit from it. I am posting the long term weekly chart here to show the fantastic technical position barrick is in now. i recommend buying shares of ABX for long term holding any where in this area. Best of luck trading!
Comment:
I still think Barrick is a great5 long term hold. It all depends on the gold price and GOLD is very sensitive to it. If you think GOLD will go up as i do then i nvest in Barrick.
Order cancelled:
I closed my barrick position today on the close because of large volume selling into the last 5 minuites. I am now 100% in silver stocks which showed the opposite action nearing the close.