Barrick Gold -$22.88 (+0.22%)
Fundamental: More stimulus is coming. especially with the 2k checks trumps demanding, that means more real inflation (fed reserves are not inflationary, stimmys are! - last stimmy cost the gov 300 Bil . This time is a higher amount, for a lower income bracket, so its reasonable to assume about the same amount ~ 300 bill more).
Regardless of the macro, boomers will pile into gold as a safe haven as a result of stimulus in the news.
Regardless of the economy gold companies are doing fantastic! most companies factor a price of gold < $1600. spot has been well north of this, reasonable to expect amazing returns for this company's earnings .
Very underbought now ( RSI sub 30 in november, currently sub 40 ). right now, its even cheaper making this a smart money play. Consider that Buffet had bought in august, and trimmed his position in november. what did he see? Now is the time for smart money to position.
Technical: back at a stable support level of $22.75. price has been hugging the yellow trend line since Aug 2018. trust the trend, not the fud.
note: gold miners follow the gold price. make sure to follow the gold price like a hawk. currently very sold since august, counter seasonal trends. if gold can break $1900, the bull trend will continue. end of a bull run or a bull flag? you decide, heres my chart:
Fundamental: More stimulus is coming. especially with the 2k checks trumps demanding, that means more real inflation (fed reserves are not inflationary, stimmys are! - last stimmy cost the gov 300 Bil . This time is a higher amount, for a lower income bracket, so its reasonable to assume about the same amount ~ 300 bill more).
Regardless of the macro, boomers will pile into gold as a safe haven as a result of stimulus in the news.
Regardless of the economy gold companies are doing fantastic! most companies factor a price of gold < $1600. spot has been well north of this, reasonable to expect amazing returns for this company's earnings .
Very underbought now ( RSI sub 30 in november, currently sub 40 ). right now, its even cheaper making this a smart money play. Consider that Buffet had bought in august, and trimmed his position in november. what did he see? Now is the time for smart money to position.
Technical: back at a stable support level of $22.75. price has been hugging the yellow trend line since Aug 2018. trust the trend, not the fud.
note: gold miners follow the gold price. make sure to follow the gold price like a hawk. currently very sold since august, counter seasonal trends. if gold can break $1900, the bull trend will continue. end of a bull run or a bull flag? you decide, heres my chart:
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.