The last time Gold was trading at $2100, Barrick Gold was at $26! Today it is still below $16. The world is obsessed with tech stocks while the gold stocks are deeply undervalued. This is such a strong buy.
This chart shows the physical Gold price versus Barrick Gold. Both have been rebased to 100 and so that they can be accurately compared. Gold has pushed to new highs while the mining stock has drifted lower and lower.
This gap will close, and we think the safest way to play it is to be long Barrick Gold.
This chart shows the physical Gold price versus Barrick Gold. Both have been rebased to 100 and so that they can be accurately compared. Gold has pushed to new highs while the mining stock has drifted lower and lower.
This gap will close, and we think the safest way to play it is to be long Barrick Gold.
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herenya.co.za/hca-trading/
herenya.co.za/hca-trading/