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BARRICK GOLD CORPBARRICK GOLD CORPBARRICK GOLD CORP

BARRICK GOLD CORP

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ABR trade ideas

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
TSX:ABXLong
by Noldo
BARRICK FINALLY TURNS AROUND! SOLID EARNINGS! STRONG BUYROCK SOLID EARNINGS REPORTED THIS MORNING Barrick Gold (GOLD) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 21.43%. A quarter ago, it was expected that this gold and copper mining company would post earnings of $0.10 per share when it actually produced earnings of $0.15, delivering a surprise of 50%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Barrick Gold, which belongs to the Zacks Mining - Gold industry, posted revenues of $2.88 billion for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 0.84%. This compares to year-ago revenues of $1.90 billion. The company has topped consensus revenue estimates two times over the last four quarters. Great Job Mark Bristow, CEO
NYSE:GOLDLong
by UnknownUnicorn3159981
$GOLD Barrick Gold Bullish into earnings Bullish formation, ready for move higher Inverse Head & Shoulders on daily Cup and Handle on weekly Company profile 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.
NYSE:GOLDLong
by RedHotStocks
Gold (Barrick) before rising 92%.Gold (Barrick) before rising 92%. The exchange rate appears to be moving in an accumulation area. Technically, the figure shows that the correction lower levels doubled in percentage (yellow rectangle). It can also be seen that the fractal rising wave sequence (green rectangle) also doubles. Conclusion. We have an accumulation phase, we have a doubling correction and we have a doubling wave sequence. The next wave sequence may be a rising wave again, three times its original size. As a result, the target price for further rise of the exchange rate is 33.50usd
NYSE:GOLDLong
by meszaros
3
Is Gold Quietly Gearing up for a Run? Technicals Say Yes!One of the best ways to forecast Gold is looking at the senior stocks. Why? Senior stocks are the most highly short interest stocks in the precious metal sector and they never consistently rise until a Gold run is near. I believe what we are seeing now is the "true" bull run for Gold in-the-making, and eventually Silver and Platinum will follow (Platinum will be the slowest of the 3). Gold bottomed at 1450, and in my opinion, is exactly where Gold should have been. The US-China trade war from much of 2019 is what pushed Gold exceptionally higher as a result of extreme uncertainty. While the "deal" serves little purpose and will do nothing to revive economic numbers anywhere in the world, what it has done is essentially confirmed a bit of a "lets start over" type of mentality because Trump had the option of giving-in or escalating the trade war and allowing the market to plummet. Obviously, he chose the former. In reality, Gold will quietly begin to run up - moreso in 2020. While most people will continue to short Gold as they think a USA/China trade deal will send it plummeting, the reality is, most logical investors know what we will see is a likely continuation of a blow-off top for the remaining of December, with a likely short in Q1 2020. Contrary to popular belief, yields rising at this point no longer will push precious metals down. This was relevant during the height of the USA/China trade-war, however, yields will inevitably rise whenever the next recession occurs as investors lose faith in governmental treasuries. Moreover, Powell stated rates will remain unchanged in 2020. As usual, the Federal Reserves job is to remain artificially optimistic and 'lie' to the public to mitigate any fear. In reality, Powell will likely cut 2 or 3 times in 2020 with, in my opinion, the first cut coming in March or April of 2020, a second late in the summer, and potentially a third later in 2020 depending on the probability of Trump winning or losing and how the market prices in uncertainty. Remember, central banks do not forecast recessions. They react to them. The time to slowly add precious metals is now as by the time 2020 comes, you may have timed yourself out of the market. Expect Barrick to continue to push higher off the 180 sinusoidal pivot set back in early November. - zSplit
TSX:ABXLong
by PaulDeep19131