Last week I put an alert out to buy PPH on the breakout but we never got a close above $43 so it’s best to abandon that trade and put our money into something that has better odds of a rally. As you can see from the chart, above, Barrick Gold has recently formed back-to-back engulfing patterns. This, along with the price gap above the market, gives is a good chance to make money on the upside. I’ve held a long position in gold for a while now but this is one that could give us a nice return in a short period of time.
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