hitchcoxg

GOLD.NYSE Barrick Gold Prints an IH&S Pattern.

Long
hitchcoxg Updated   
BATS:GOLD   Barrick Gold Corporation
Barrick Gold Prints an Inverse Head & Shoulders Pattern which is Bullish.
Switching to a Line Chart shows the Pattern.

As always, get a few outside Expert's Advice before taking Trade or Investment decisions.

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Regards Graham.
Comment:
Inverse Head Target Achieved.
Comment:
Barrick Gold Corp Price Target Raised to C$25.00/Share From C$20.70 by Veritas Investment Research.
Comment:
Whilst the Trade on the Pattern was achieved, Barrick has severely underperformed IMO in comparison to the South African Gold Miners.
I would rather look to Harmony.JSE or Anglo Gold Ashanti.JSE and the Best Performer of late has been PAN AFRICAN RESOURCE PLC with a +55% Return in 6 Months.
Should the Gold Price increase due to lack of past Investment in this commodity mine development and also is a Diminishing resource, Expect these to POP within the next 6+ Months.
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