RE:We're in Good CompanyFive days ago I wrote citing several analysts' views of Barrick Gold. I sought to use Barrick as a representative of larger mining stocks that may be bottoming. Like NUG, Barrick is much closer to its 52 week lows, than highs. Beyond that, I don't want to make the comparison too close.
Yesterday, Adam Hamilton's analysis was highlighted as one of the analysts in posts here. Today, I will identify Avi Gilburt, who I read as the other analyst, who has been, "watching it for bottoming signs, on a far more technical basis" (Elliott Wave Theory).
As columnists often do, today Avi wrote a public version for Seeking Alpha sharing his views on Barrick. Barrick was also the focus of his subscriber's update last night. This was because gold has moved sideways over the past week. He thinks odds favor a dip before a rally.
Here is a link to Avi Gilburt's Seeking Alpha column. He is perhaps the worst kept secret weapon of those trading gold stocks.
His column is worth your time:
https://seekingalpha.com/article/4156540-sentiment-speaks-barrick-gold-bottoming