Barrick is in trouble. Wait for a break up above $17 before starting to accumulate in order to avoid the potential for more downside. Conservative take profit sell target is $36.
Has rested back to the SMAs and looks to be rolling over bearish now inside the channel
A cute stock named ABX broke his mid trendline with the help of strongwillpower Master Bull divergence and the help of one white soldier. They are trying to run into 12 milestone from their hometown. If they failed at 10.85, they will rest and train more.
Push to 13.55 area would follow previous movements and should run into some resistance in this area. Chiku span suggests moderate resistance. 3rd wave length of 1.618% of wave 1, and both 2nd and 4th waves being an equal .764% of wave 1, suggests the 5th wave to be nearly equal to the length of the 1st wave.
Personally, Rick Rule is an investing hero of mine, and I hang on his experience and follow many of his insights. This is so oversold, and PM's are about to turn the corner. As Japan does, so goes Europe and the US... we are all about to embark on endless QE as the deflation wave begins the prelude to the hyperinflation wave that will be coming in the years ahead.
Rob Mcewen started Goldcorp (GG). He took the mkt cap from 50M to 30B. This is his new company. He owns 110M in stock. He has ZERO salary. He is the most on CEO out there. ZERO DEBT. They own one of the largest copper deposits in the world, with 20B pounds. Monetized, this will bring 400M. The mkt cap will triple.... and thus will the stock price
The price of gold continues down the rising dollar and positive economic data in the united states, it appears that investors are expecting the gold down to $ 1,200 an ounce for going out. >>> www.preciodelorohoy.org
TimWest "Buy pullbacks to "0" in CCI (21-day) and then exit on the next move to +100 and +150. I doubt it will get to +200 again right away unless we have a move in VIX to 18-20." With Fed Mtg around the corner and Vix climbing and GLD climbing. Could be solid entry point
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A move up through $1434 (green horizontal line) could take us to $1570, $1790, $1920, and beyond...