As previously mentioned in my outlook of SPY
, the best way to play this is ticker GOLD
. Barrick recently breached the 200 day MA and is currently resting here. Today it traced back down to 200MA and went back up. There are buyers here waiting to see what happens. If you read my SPY
idea, you can look back and see what happened around the end of 2018. Gold Futures
went up alot
but was also trading between 1200-1300 per ounce. Current Gold Futures
is at 1890! I see a big huge upside for Barrick here. I hope you see it too.