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Barrick Gold Corporation Message Board

  • mtstrategies mtstrategies Mar 11, 2013 11:31 AM Flag

    2nd test of the $28.50 area...low volume so far...talk about a hated stock

    doesnt get much uglier...I keep looking at the VALE chart when it traded near $30...its at 18 now...a miner with a weak market for iron ore...and gold is just about ready to take a major dump..the only thing saving gold here is if the dollar just starts to roll over...problem is the ECB not having to print yet is keeping euro strong and dollar so so...no fear...well the monetary base has spiked and gold should follow..thats what keeps me in ABX...but im near a breaking point and im long from 29.50...not down much but the technicals are nasty here in barrick.

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ABX
21.27-0.08(-0.37%)Jul 28 4:00 PMEDT