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Barrickgold

Barrick Gold (NYSE: $GOLD) Could See New Highs In The Future! ⚱Barrick Gold Corporation engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d'Ivoire, the Democratic Republic of Congo, Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, and Zambia; and various other projects located throughout the Americas and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.
NYSE:GOLDLong
by Bullishcharts
Physical Gold Ready to Break Out! With inflation no longer appearing to be "transitory" as the FED would like everyone to believe, now is a good time to consider diversifying your portfolio with some physical gold. Yes, physical gold! You might ask, why invest in gold? It has hardly performed over the past 10 years. Well that time is now as we are right on the precipice of the FEDs transitory narrative undoubtedly falling apart. Physical gold such as a gold eagle 1 oz coin acts as a physical store of wealth for your money and is considered legal tender in many states. It's a great diversifier like bitcoin and acts as a hedge against inflation. At the current moment, the charts look exceptionally bullish for the long term. We need to see sustained movement above $1,835 to confirm, which would give us the potential of the price of gold to easily break above the most recent high of around $2,000 and end 10 years of sideways performance. At this point we would be in a price exploration phase and the heights at which the price could reach is unlimited unless proven otherwise by a confirmed change in trend. Gold cannot simply be created digitally or out of thin air and must be extracted from the earth which requires immense amounts of energy, expertise, heavy equipment, cash and most importantly, time, to extract physical ore from the ground to be refined. There is also a limited supply of gold within the earth that can be mined economically/possibly. This is why gold has been the best performing asset in the past 5,000 years as it is the basis of the supply and demand model and has outlived many of the failed currencies of past civilizations. Once demand peaks during inflationary times when people are looking for the exit into safety, price is sure to explode with growth. When it comes to investing in gold, it is recommended by many wealth advisors to have at a minimum of 5% of your total wealth in physical gold with a max allocation of 20%. While one of the downsides of physical gold is storing the gold there are solutions to safely house your gold, which can be kept at home in a safe or within a vault at a bank. Another play would be to purchase gold miner stocks like Barrick Gold Corporation. With the increased price of gold, these miners profits would explode, resulting in huge price increases for the extremely undervalued gold miner stocks. The added benefit of high dividends is also a huge plus when investing in miners as you can use this to generate an income while still playing the physical gold “play.” In short, if you are looking for ways to diversify and already have an interest in assets such as bitcoin as a hedge against the impending inflation then definitely consider visiting a local jeweler and coin dealer and speaking with an expert that can guide you in your first gold purchase.
TVC:GOLDLong
by thedailyinvestor
Gold is bearish, while Barrick Gold is relatively weak AF. PUTS!Hey all, My friend was asking me about Barrick Gold so I threw together this little chart. He had a ton of fundamental analysis about why Barrick was a good play, but this chart says enough. Puts on Barrick Gold while Gold continues to trade weak down this channel. Considering longterm we're bullish on gold because of this decade long cup and handle, we're now forming the 'handle', which typically falls around 1/3 down the cup. That puts us around $1550, and Barrick Gold would be weak. Stop loss on the breakout from this channel (around $1830 at this point, but any break from this channel would do as we continue to fall). I havent' look at the some of the confirmation bias reasons in the fundamentals of a bearish view of Barrick, or the IV relative to the option expiry dates, but I'm guessing we move down fairly quickly.
TVC:GOLD
by TMoneyBidness
4
GOLD Trading Plan - 25/Aug/2021Hello Traders, Hope you all are doing good!! I expect Barrick Gold to move UP after finishing the correction. If looking for investment, look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
NYSE:GOLDLong
by For3xScalper
GOLD (Inflation Hedge)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.
NYSE:GOLDLong
by CTRLZEEE
5
Long term perspective on Barrick Gold CorporationToday, we will speak about Barrick Gold Corporation : Barrick Gold Corp. engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. It operates through the following segments: Barrick Nevada, Veladero, Pueblo Viejo, Lagunas Norte, Turquoise Ridge, Acacia, and Pascua-Lama. The company was founded by Peter D. Munk in 1983 and is headquartered in Toronto, Canada. (you can read this type of description on the right sidebar of your screen on Trading View.) Technical Aspects: -In April 2020, we saw a huge breakout of a major support/resistance zone that was working since 2013 -After the peak in August 2020, the price started consolidating since the current date -Based on the price action we are observing, we expect an increase in the price of GOLD stocks as a consequence of an increase in Gold (spot) prices (Link in related ideas) -It's important to say that the price has not broken the corrective pattern yet. However, we expect a bullish movement from current levels towards the higher trendline of the corrective pattern and maybe a clear breakout -From there, we may see a correction on the edge of the corrective pattern above the corrective pattern. This type of behavior is pretty common after the breakout of a key area or structure -Here, we will provide an image that you can use as a template to think about these Throwbacks (Re test of broken structures or levels) - The conservative target we are looking for on GOLD is the first fibo extension at 1270 - Take into consideration that we are working on a Daily chart; this requires patience and time to see the price evolves (200 - 300 days towards the final target)
NYSE:GOLD
by ThinkingAntsOk
1