Barrick Gold stock is not a stock I would want to own for a core position. I know a lot of analysts believe everyone needs a bit of gold. I often wonder where all these ideas come from. Why a bit of gold would be a good method of protecting a portfolio is beyond me. I wrote an article explaining why it was such a terrible idea in April 2013. Instead gold is meant to be traded. Barrick Gold Stock is among my favorite choices because the chart pattern is easy to read and with such depressed prices at present, it is a safer trade than the SPDR Gold Shares Trust which trades under the symbol GLD.
On May 4 I wrote a strategy article about two different trade ideas or strategies that I was going to be using this morning on ABX Stock. This is the first trade alert and discussion explaining why I entered the trades this morning.
Barrick Gold Stock – Trade 1 – Bollinger Bands Strategy Trade
This article is a trade alter and strategy discussion of Barrick Gold Stock. FullyInformed Members can can read this trade ideas strategy directly through this link or Members can sign in to the full members site here. Non-members can join here.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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