lagging Gold Miners
BarrickGold is lagging behind Gold's bull run with much room to play catch-up. During the COVID pandemic, a lot of miners did not have the capacity to stay afloat and they were forced to shut down. This gave miners such as Barrick Gold a fresh market to supply as the demand for gold by central banks and retailers skyrocketed.
Gold has the potential to trade above $ 2,000 as demand pushes it towards $2,500. I am looking at Barrick Gold to see better days in its earnings in the years to come as seen in the growth it has had YTD.
Gold has the potential to trade above $ 2,000 as demand pushes it towards $2,500. I am looking at Barrick Gold to see better days in its earnings in the years to come as seen in the growth it has had YTD.
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