Barrick Gold (ABX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Barrick Gold (ABX)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Greg R who wrote (248)	12/17/1997 11:38:00 AM
From: Cascade Berry	Read Replies (1) of 3558

Thanks Greg - unfortunately I'm not a great fan of Inpathique...they call a major buy on the TSE Gold Index at 9500 last summer publicly in the misc.invest.canada newsgroup, and it subsequently dropped 4000 points. If you check your Barrick charts I think it is a bullish indication, in general, if the high for a given day was HIGHER than the previous day's high. This penetration seems to be necessary for an up move. We've now had this happening for four days in a row. The close, or an ascending low from day to day, doesn't seem to be as good as looking at the daily highs for penetration into new ground. Similarly on the downswing. My Barrick Leaps are starting to MOVE fast. I think the U.S. dollar is overbought and I'm looking for a flat to up Jan-Feb. with a spike up into March and April. It seems to me a lot of big boys are now using neural net software to pick reversals in stocks like Barrick, and once all the computers kick in it can really move the stock. Combine this with buying of the stock by Barrick, and a huge short position and the stock doesn't take prisoners, when POG is up. Cheers

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next