GOLD
🥇 Gold remains bullish, driven by strong buying from China and other investors, showing a clear upward trend without significant pullbacks.
📈 As an alternative to holding physical gold, investing in gold mining companies like Barrick Gold is suggested, noting its recent significant gains (almost 50%).
⚠️ While gold’s trend is strong, entering directly might feel like buying at the top; gold miners offer leveraged exposure but also carry company-specific risks.
@marcosemmimfp:
“The gold continues to be bullish. The Chinese friends are buying, many people are buying this asset. There’s no divergence forming; ultimately, the momentum was larger than the previous one. No pattern of decline was generated. What is happening is that it’s marking increasingly higher highs, and there are no pullbacks in sight, indicating a clear upward trend. If you want to enter this, I consider that it will always be very high, so you would have to look for some other companies like Barrick Gold, which are still gold companies, linked to gold, not gold itself. Barrick Gold, Shaman Gold, and others, HMY for example. HMY also rose a lot, look, 7%. They are rising a lot, and well, precisely, one must take this into account regarding gold because here, for example, Barrick Gold rises 40%, almost 50%. It’s outrageous.”
Watch the exact part of the video where @marcosemmimfp talks about Barrick Gold here:
Watch the video on YouTube
Read more articles featuring the most recent analysis of Barrick Gold (GOLD) at this link: GOLD stock.
