Hedge against InflationThe Barrick Gold Corp. is a great diversification for your portfolio in times of uncertainty as investing in Gold should always be your go to choice whenever a hedge against inflation is necessary.
Barrick Gold is mining it's precious metal all around the globe, aswell as it is trying to help society with charitable organisations.
For sure a rock solid company, worth 10% of your overall portfolio.
Goldmine
FANG: SUPERHERO HEAVEN OR HELL? This is the like the most powerful index on earth! From end of March 2020 to first week in Sept 2020, FANGS appreciated ~140%. If a trader had the right bottle, $1 could have become $34,000! This is just the mathematics. (Note carefully - this is an educational post, not a trade. I have not traded this nor do I make any claims. Trading in *derivatives in this index or any other, can multiply the value of $1. See disclaimer .)
The FANG+ index is one to watch for everything else. It rules the world, of stock markets and influences several currencies (USD, NZD, AUD and JPY). This is where the big boys play!
So - will the superheroes save the world? I don't know.
There has been an important and sudden correction of this index. Stay tuned.
Disclaimers : Leveraged trades and *derivatives are highly risky instruments. This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
ABX : Buy Setup
There are 3 reasons why I chose ABX stock:
I am looking forward to a downward movement in USDCAD. (More explanation on Related Ideas.)
I also follow up the stocks related to the precious metal sector traded in the S&P 500 Index.
You can follow and let's communicate )
I think that precious metals are discounted according to the World indices.This is the most important reason. (More explanation on Related
Ideas.)
Technically, it is suitable for long position.
Parameters
Risk/Reward Ratio : 1/2.59
Stop-Loss : 21.79
Goal : 25.88