Tag: Gold

Gold & Silver: Silver Has Ace In The Hole

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


Everything in our world consists of uncountable invisible parts. It looks like a Great Constructor builds everything thoroughly copying and pasting the smallest parts of every single thing connecting it into something big and meaningful let it be living or non-living things.

And so are the market trends as they consist of the smallest tick trends, which are invisible on higher time frames. But when these ticks are built stable into one direction it makes a megatrend like the house is being built of small bricks. Top metals are now building an uptrend, which consists of smaller ones which I would like to highlight for you today in updated daily charts below. Continue reading "Gold & Silver: Silver Has Ace In The Hole" →

Why It's Time To Buy Barrick Gold Corporation (NYSE:ABX)

Posted on by The INO.com Team

Hello everyone, Adam Hewison here coming to you from the digital studios of MarketClub. Yesterday, the Barrick Gold Corporation (NYSE:ABX) had a major trend change to the upside signaled by a new green monthly Trade Triangle. It's the first buy signal ABX has had since it began its move on January 7, 2016. At that time the signal was it $8.33 and the market moved as high as $23 before pulling back.

Today I have put together five different charts that show why I believe Barrick Gold is headed significantly higher.

About This Stock

Barrick Gold Corporation (NYSE:ABX) engages in the exploration and development of gold and copper properties in the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia. It primarily explores for gold, copper, and nickel deposits. The company's main properties include Cortez, Goldstrike, Pueblo Viejo, Lagunas Norte, and Veladero. As of the end of 2015, ABX had proven and probable gold reserves of 91.9 million ounces; and 11.7 proven and probable copper reserves of billion pounds. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.

Chart #1

In chart number one can see that Barrick Gold broke over a 52-month long-term negative force line (1) and moved as high as $23 a share (2) before pulling back 50% (3).

Barrick Gold Corporation (NYSE:ABX)

Continue reading "Why It's Time To Buy Barrick Gold Corporation (NYSE:ABX)" →

Gold & Silver: Reversed! What's Next?

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


It’s ironic that people often get puzzled when they get what they wanted or dreamt about. Those who had dreamt of having a baby often panic when the baby is born and think what should we do with this cute toddler?

We are now in the same situation. I called for market a reversal last month and now we got it! Hmm…what’s next? Now that my prediction raised a ton of money I need to carry on using chart analysis only.

Chart 1. Gold Daily: The Santa Claus Rally!

Daily Gold Chart
Chart courtesy of tradingview.com

It was not easy at all for gold to escape from captivity of the blue downtrend. I extended it on the chart above to cover the whole move down as in the previous chart it was half as short as such deep was this move. Continue reading "Gold & Silver: Reversed! What's Next?" →

How To Profit From Trumponomics

Posted on by The INO.com Team

While Donald Trump's election has altered a number of aspects of the economy, investors cannot ignore economic trends that were in place before the election, says Joe McAlinden, founder of McAlinden Research Partners and former chief global strategist with Morgan Stanley Investment Management. In this interview with The Gold Report, he discusses those trends and how they may be changed by Trump's election, why he is bullish on gold and which sectors he expects to thrive in the Trump era.

The Gold Report: 2017 will be a year of change. In the early days of the Trump administration, what should investors be focusing on? Continue reading "How To Profit From Trumponomics" →

This Coin Smashed All...Again...And Again To Pieces!

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


A year ago I wrote about the comparative dynamics of three outstanding kinds of money of different generations – the older generation was represented by gold, the 20th-century generation was represented by the Dollar (Index) and for the modern generation I used the cryptocurrency Bitcoin (BTC). I think some of you have just discovered the serious value of Bitcoin as it just crushed the rivals doubling its value. The dollar index (DXY) gained only 8% as gold showed negative dynamics in 2015. Below I put the result of the poll you voted on a year ago for the 2016 year performance.

Chart 1. Voting results January 2016: You Bet On Safety

INO.com Bitcoin Poll Results

I noticed that there are a plenty of gold bugs among regular readers as gold gathered the most votes. The second position went to bitcoin and it shows that there are many modern enthusiasts among our readers. It looks like the least amount of optimism was felt about the US dollar’s future although it didn’t rank the last in 2015. Let’s see, in the chart below who the winner was. Continue reading "This Coin Smashed All...Again...And Again To Pieces!" →