TexasRadio

Gold Due to Correct: Sell Randgold Resources to $29?

Barrick reportedly has one of the best reserve profiles of any comparable miner. In addition, they have been improving their operations for years. While I don't know anything about Dennis Gartman, I do know that no one can predict the future. That doesn't stop them from trying and the tool most employed is past chart action. Forget the charts and stick to the macro-economic picture. Gold is going up in a recessionary/deflation... environment that is not going to disappear next month. That's why the chartists are scared. Read closely, and you'll see the fear. I have call options on Barrick and I see no reason whatsoever to close the position.