Canada's Barrick Gold Corp (NYSE: TVC:GOLD ), one of the world's largest gold miners, has once again proven its resilience and operational strength, delivering impressive Q2 2024 results that surpassed market expectations. In a period marked by economic uncertainty and fluctuating commodity prices, Barrick's strategic focus on efficient production and cost...
Barrick Gold Corporation (NYSE: TVC:GOLD ) is leveraging strategic partnerships and robust financial foundations to navigate the ever-evolving landscape of the mining industry. Chairman John Thornton's resounding message, articulated in the 2024 Information Circular, underscores Barrick's transformation into a modern mining powerhouse with a steadfast commitment...
Barrick Gold Corporation Faces Bearish Pressures as Support Breaks Barrick Gold Corporation, a major player in the precious metals industry, is currently facing significant bearish pressures as it breaks support levels and forms a bearish pennant pattern to the downside. This development has raised concerns among investors, with the potential for a further...
Ever heard of the Barrick Bears? They are a great team, which should help to push our primary scenario for Barrick. Currently, they have to fight against a little bullish counter reaction, but soon they should drag the share below the support at $12.65 and into the yellow zone between $11.97 and $6.32. There, wave (2) in yellow should end and therefore a fresh...
Barrick still has got heaps of digging operations to do. The share should continue the downwards movement it has started from the last high of wave (iv) in blue and drop below the support line at $12.65. Thereupon, Barrick should enter the yellow zone between $11.97 and $6.32 to develop wave (2) in yellow, whose low should then complete the overarching downwards...
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, Cote d'Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests...
Good long term investment here as we see a macro bullish harmonic with a mini fractal. Harmonic targets in confluence with supply zone (red fib levels) Accumulate and enjoy your retirement
Although Barrick is currently showing some upwards tendencies, we're expecting the course to drop further below the support line around $12.65 to finish the yellow wave (2) within the yellow target zone, before heading above the $12.65-mark to carry on with an upwards trend. If Barrick urges to surpass the resistance line at $26.07, our alternative scenario will...
The bears have grabbed Barrick and are dragging it along southwards to the warm and sandy beach strip between $11.97 and $6.32, which is seated picturesquely below the support at $12.65. Once there, though, there’s not too much time to relax but also work to be done: Barrick should finish the long-term corrective movement in the form of wave (2) in yellow....
Down it goes! Just as we expected, the bears are in high gear and have proceeded to carry Barrick downwards. Soon, they should reach the support at $13.01 and lead the price below this mark. However, there still remains a 35% chance that Barrick could escape the bears’ paws and rise above the resistance at $24.95, thus activating further ascent above the next ones...
The bears have already shown their potential regarding Barrick Gold and should continue to do so. We expect them to drag Barrick further down below the support line at $13.01, where wave (2) in yellow and thus the overarching downward movement should end. There remains a 35% chance, though, that the bulls could intervene and challenge the bears’ claim. This...
Barrick Gold Corporation, which engages in the exploration, mine development, production, and sale of gold and copper properties looks like a safe haven just in case of a war. The DIVidend YIELD at 1.63% and P/E ratio at 19.94 look decent. My price targets are $24.80 against inflation and $29.60 in case of an escalating conflict.
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...
Next to coming up with semi-funny puns, we also analyze mining stocks. For Barrick Gold Corp, we expect the price to fall below $18.64 first and then even below $13.01. A long bearish run is, thus, continuing. A breakout would realize above $24.95 and has a chance of 30%. Wait for the opportunity!
GOLD looking bearish, let's see if we can get a trend reversal. Most likely building a spread here
With the current losses in the price for the Barrick Gold Corp. stock, we are perfectly on track to move all the way down under the support at $13.01. There, we will have amazing opportunities to re-enter the market on the long side. If there is no sustainable breakout above $24.95, our primary expectation will remain in place. Happy weekend!
We are in an environment where precious metal should thrive. Past 6 months Gold, silver, miners, etc have been lagging behind. Did Bitcoin replace gold and silver? No! We still need metals especially silver. Weekly Barrick Gold chart looks bullish. Price is bouncing off 200 MA, broke out of and retest falling wedge. Pays a dividend on top of it all. Not a...