Barrick Gold Corp. ($ABX) has traded sideways after topping out at major resistance at $47.25 in June. After a recent decline from resistance, $ABX could be ready for another decline – and I’ve got three reasons why!
Silver has certainly participated in the Metals boom of the last two years, but all eyes have been on Gold during its historic push to new all-time highs. However, Silver has outpaced Gold 136% to 86% over the last 20 months and could be on the verge of another major breakout opportunity. Let’s take a look!