Target hit on Barrick Gold ($ABX)

$ABX target hit …

Target Hit ...

Target Hit …

 

5 minute chart ...  "6.84 looks promising"

5 minute chart …
“6.84 looks promising”



 

 

the press is out and the Gold Bulls are only 13% bullish … the “look and feel” of Gold is that it’s “done” and in a bear market to stay … while stocks like $NFLX, $GOOG, $DIS, $NKE continue their parabolic ascent the “crowd” is pitching out and now it’s time to focus our efforts and sectors that have really been hammered.

Here’s a chart of $ABX.  6.84 sure looks promising.

Thanks for reading.

$ABX - NOTE the bullish divergence 2 years in the making

$ABX – NOTE the bullish divergence 2 years in the making

One Comment on “Target hit on Barrick Gold ($ABX)

  1. Pingback: Are Gold, Copper, And The Miners Setting Up For A Rally? | See It Market

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