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BARRICK MINING CORPORATIONBB

BARRICK MINING CORPORATION

29.04CADD
+0.27+0.94%
At close at Jul 11, 20:00 GMT
CAD
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ABX trade ideas

Watchlist 2023-03-20 $GOLD $NEM $WAL $ZION $PACW $RIOTSPY - reversed early downside action to start the week flat at the moment. Traders are dividend on what to make of the news that central banks around the world back-stopping failing banks and bolstering the flow of cash around the world to prevent a fast-moving loss of confidence in the financial system's stability. Since the moves seem so divided, no bias today unless we see the $ADD (advance decline line start to hold in either direction of +/- 2000 and the $VOLD ratio clearing +/- 3. Banks: $WAL, $ZION, $PACW Central bank backstopping national banks hasn't proven to be a catalyst yet for regional banks. All are stuck in a tight channel atm. But if we can start to see these names holding near the highs of the channel, potential for a BO. Gold Miners $GOLD $BTG $NEM- continues to be a dip buy into support - ensure to give it room. GOLD looking at 18.00 but prepared to buy into PD low. NEM may have the best RR to the next pivot for a swing hold. Crypto: $RIOT $ Extended into the PM session, waiting for a pullback into PD BO level of 8.00 to structure a long. Need to see buyers step in at this level immediately.
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by UnclePennybagss
Banks Insolvencies Whisper, SM Crash Begins, Herd flees to Gold After the 80% in 2013, the Gold Pushers have been saying "buy gold" "buy gold" for the last decade. During that time, we saw a sideways consolidation pattern where gold is around the same place today as it was 10 years ago. Meanwhile, SPY grew 3X before drawing down a reasonable 20%. BTC grew 129X drawing down 60%. My hands were in SPY and BTC. However, now with the eminent domino effect of bank insolvencies around the corner and a 30% estimated SPY drawdown around the corner, flight to safety is eminent. NOW is the time to buy gold. Not in 2013, not 2015, not 2019, but NOW. Bear flag forming. 5-10 year recession on the horizon. Gold first. Then, once the Fed starts printing and lower rates again, BTC. Nuff said. GOLD 2008:2011 - 65%+ 2011:2013 - (80%) 2013:2023 - 0% sideways consolidation bearflag SPY 2013:2021 - 3X 2021:2023 - (20%) BTC 2013:2021 - 129X 2021:2023 - (60%) FEDRATE 2019:2020 - (97%) (2.37 to .05) 2020:2022 - sideways (.05) 2022:2023 - 91X M2Supply 2008:2022 - 300X 2022:2023 - (3%)
NLong
by mortgagemanjim
1
GOLD Barrick Gold Options Ahead of EarningsAfter we hit the 1st price target in the last chart: Now you should know that GOLD, Barrick Gold Corporation, is the usual suspect against the higher inflation numbers. Looking at the GOLD Barrick Gold options chain ahead of earnings , I would buy the $18 strike price Calls with 2023-3-17 expiration date for about $0.81 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your opinion about it.
NLong
by TopgOptions
Barrick Gold - Big Bearish Long Term Complete 180 view on Barrick Gold - See linked Idea We closed out Barrick Gold back at $25 and we have a new different perspective. Now we see it as a double top, head and shoulder with rising bearish wedge pattern as illustrated. All structure are pointing downwards taking Barrick Gold (Mining Stock) down to $3.25-$4 There may be another attempt at $30 to make another double top within the rising wedge bearish structure but we have no indicator of that as of today which can develop later. Macro view.. rather we retrace to 30 or not.. sub $5 over the next few years is looking like a very probable outcome. Conventionally we would think of this as an indicator the rest of the market (equities/crypto) would be bullish. However not in this case, there will be continue sell offs.
NShort
by Thecontrariandaily
1
Watchlist2023-03-17 $ET $GOLD $SRPT $KRESPY - had an impressive rally yesterday lead by the tech sector. We want to watch for SPY to retest and hold the breakout level between 388 and 390, getting close in the PM already. Oil names might be gearing up for a bounce trade. Look for the 66.50 in WTI level to hold. If it does, looking for names that held most of the gains after PD rally like $ET. Potential buy spot at 11.95. However, atm, WTI looks like it is free falling so will need to see more conviction. $GOLD - continues to be a dip buy into support - ensure to give it room. This is an inverse idea to the tech sector so only buy if we are seeing a potential peak in $XLK. $SRPT - FDA AdCom Not A Sarepta Game Changer. Gapping down on news of the potential change in the gene therapy drug which is not seen as detrimental. Gapping down on only .5 RVOL into heavy support area. If it can't get below 116.50, or has a fakeout below, looking for longs above 122. Need to see price action in favour, wicks and sequential pullbacks. $KRE - Regional Banks are difficult to predict atm, trading in a sloppy rang and volatility contracts. Keeping these on watchlist for additional headline new or if they trade to extended areas of the range for a fade.
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by UnclePennybagss
Short of ABX Barrick Gold #ABXA clear setup; with the long-term chart (M) month. in downtrend. The Current-chart (W) Week is also in downtrend. the (W) is in clear move up, lots of buying to support this momentary fake uptrend. How do I know it is fake. Well one never knows anything as a disclaimer for any trading position; we stack up odd Enhancers in our favour. So, why did I take the SHRT at $26 while price was rallying (fake rally); the red line on the right hand (W) chart. the price met a Supply Zone, and this SZ happens to be Lower High of the (W) downtrend. a technical downtrend is marked by a series of Lower Lows and Lower High(LH), as long as the LH are not violated the downtrend continue. Once a price rally into a Lower High Supply zone, am looking for a tight SHORT entry, with a low-er risk STP loss just above the SZ & plenty of room below for the price to fall into & thats exactly what happened here. remembering the long-term is in my favour. thats a great off enhancer. I Shorted at 26.xx and price fell into my Profit-Target 1, where I closed 2/3 of the position at $5 profit per share. and I moved my STP loss down; today, with price opening well above my last STP Loss, after a weak end of speculation on fallout of banks, the Gold price goes up and so does ABX, no surprise here
TShort
by greatful-me
Barrick Gold Screams Value !Although Barrick Gold currently trades at its most attractive valuation since the end of 2015, but the company is in much stronger shape than it was 7 years ago. Take a look at the following numbers: Year 2015 2016 2017 2018 2019 2020 2021 Total Assets: 26.31B 25.68B 25.31B 22.63B 44.39B 46.51B 46.83B Tick Mark Total Liabilities: 16.89B 14.99B 14.28B 13.25B 14.56B 14.80B 14.56B Tick Mark Total Common Shares Outstanding: 1.17B 1.17B 1.17B 1.17B 1.17B 1.17B 1.17B Tick Mark (No shares dilution) Based on above numbers I see a company with sharply declining costs and improving margins even in a weak gold price environment. While the Market Cap is 25.091B, The EV is standing at 36.03B & Book value per share is at 13.39. It literally means if this company gets liquidated which I don’t think so, I will get my money back at 13.39 per share. Only Ali Baba has similar metrics. In short these metrics mean I'm buying this company for free and this shall be our bottom.
NLong
by SabahEquityResearch
4
GOLD - Is ToppingWe think that there could be a lot of downside in the pipeline for Barrick Gold and here it has printed what appears to be a mini blow off top out of a bearish ascending channel. Hitting the 0.5 retracement and gapping up through the 200DMA, this looks ripe for a reversal. If dollar shows strength and also markets crash then this could have quite a big fall from here. As always we are looking at this type of thing every day 👍🏻. Not advice.
NShort
by dRends35
10
*GOLD - POSSIBLE BULL TREND*NYSE:GOLD Daily chart: Price cross above SMA 200, bullish confirmation candles. The pair has been trending upward on the daily chart . Price is making higher highs and higher lows overall. Price recently hit a top of resistance, which then quickly reversed, which than price rejected EMA21 to the upside. Bearish candlestick formation starting to form. Entry on third bullish candlestick pattern, price must bounce off EMA 21. Exit: Exit when target is hit or stop loss is triggered R/R: 1.1 - 1.4 TELL ME WHAT YOU THINK! ALPHA1RESEARCH.COM
NLong
by TacticalTrade
Barrick Gold - a Steal at This LevelSome years ago, I was in between putting a big position on in SLV or GOLD (formerly ABX) at the $17 level. Both were equally priced. Barrick far outpaced SLV into the forthcoming rally and I regretted not buying it at $17. At $14 - 15 this week, I opened a long position. One thing I read and liked is that future Barrick dividends will include participatory profits. I hope the "profit sharing" concept (also in PXD) catches on. GOLD will rise as dividends increase.
NLong
by AssetDesign
GOLD near 12 month lows(GOLD) Barrick Gold is near it's 12 month lows. I find this to be a smart entry for a long position. Barrick Gold corp. is the world's largest mining company and has a $36B market cap, p/e ratio = 15 1/2 and a div/yield = 1 1/2. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com
NLong
by Options360
2
Barrick: To the Beach ⛱The bears have grabbed Barrick and are dragging it along southwards to the warm and sandy beach strip between $11.97 and $6.32, which is seated picturesquely below the support at $12.65. Once there, though, there’s not too much time to relax but also work to be done: Barrick should finish the long-term corrective movement in the form of wave (2) in yellow. Afterwards, the bulls should take over so enthusiastically that the beach sand is swirled up and push Barrick northwards. However, there is a 35% chance that the bulls could intervene earlier already and shove Barrick above the resistance at $26.07, thus eliciting further ascent above the next mark at $31.22.
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by MarketIntel
BARRICK GOLD - With Everything Selling whats Bullish?Today we take a look at Barrick GOLD #GOLD Within our private community we have been recommending BARRICK GOLD as a Long term buy Barrick GOLD is a mining company Technically we LOVE what we are seeing... Where do we start For starters we can clearly see a Bullish Head and Shoulders on the larger time Frame. To double the BULLISH sentiment Barrick GOlD offered us a BULLISH BULL FLAG right at the base of the Neck Line of the Bullish H&S Again... We have been POUNDING THE TABLE BUY on Barrick Gold at $20 and we continue to Scale into Barrick We also have amazing Volume data with each Pull down to suggest the Bears or sellers have dried up. Minimum Target on Barrick GOLD is back to $55 but we do see it make New All Time Highs (ATH) However from $20 we see a easy 250-350% move over the months/years to come. We love this Stock!
NLong
by Thecontrariandaily