Tag: Barrick Gold (ABX)
Gold Stocks Rally… Is This The Bottom?
Gold Stocks Rally- More To Come? Something very interesting is happening with gold stocks… Over the past few days, share prices of companies in the beleaguered industry have experienced sharp rallies. Take Agnico Eagle Mines $AEM for example- the Canadian gold miner is up 16% over the past four trading sessions. See for yourself… As […]
Looking To Buy Gold Mining Stocks? Check These Out…
Gold Is Subdued, But Gold Mining Stocks Are A Different Story… Gold has been a real snoozer the past few weeks… The yellow metal is stuck in a relatively tight trading range around $1,200 an ounce. Of course, this tight price action comes after gold made some big swings earlier in the year. Take a […]
Did A Great Jobs Report Just Ruin The Chances For Gold Stocks?
Strong Jobs Report Wows Investors Last Friday’s US jobs report did a number on gold stocks… According to the Bureau of Labor Statistics (BLS), US nonfarm payrolls advanced by 257,000 in January- much stronger than the 228,000 expected by analysts. But the real shocker came from the revised data from late last year. The BLS […]
Gold Miners: Oppenheimer Says “Top Trade Idea”
Gold miners may finally be getting the wind behind their back. After plummeting in 2012 and 2013, the Market Vectors Gold Miners (GDX) is up 27% this year. As you may know, GDX tracks a basket of the world’s top gold miners. The ETF holds names like Goldcorp (GG), Barrick Gold (ABX), and Newmont Mining […]
Gold Miners: Watch This Chart Closely!
No doubt about it, trading in gold mining stocks has been rather uneventful for the past few weeks. With the price of gold stuck in a relatively tight trading range between $1,280 and $1,320, miners are reacting with a serious case of the doldrums. But that may be about to change… An interesting (and potentially […]
Gold Stocks: Finally Time To Go All In?
So far, 2014 is starting off on the right (albeit boring) foot for gold investors. The yellow metal has meandered higher over the past few weeks, hitting the $1,250 an ounce mark in yesterday’s trading session. Hardly exciting news, I know. But what’s happening with mining stocks is a different story… For the first time […]
Barrick Gold: A 33% Return With More Upside Ahead…
Back in early July, I let you in on a little secret about Barrick Gold (ABX). As you may remember, I pointed out two factors pointing to an imminent rally for the Canada-based mining company. Not only was the company trading significantly below book value, but it was also presenting a highly bullish technical pattern. […]
Commodity Stocks: A Bullish Technical Setup In Barrick Gold (ABX)…
No doubt about it, the last six months have been a slow motion train wreck for gold miners. Take Barrick Gold (ABX) for example. As you may know, Barrick is a goliath of the gold mining industry with a market cap of $15.7 billion. It wasn’t long ago that Barrick was basking in the glory […]
