Barrick Gold Spikes to All-Time High

Barrick Gold (ABX), a large gold mining company, has been on a very steep price upside since August 2007. The rate of this price increase is not sustainable so be careful buying ABX at these record high prices.

Gold stocks like ABX are best purchased on price dips. Notice the numerous brief price cycles on the chart of daily closes.

Gold and Silver Charts

Gold and Silver Charts (Click Charts)

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Posted September 24, 2007.