Barrick Gold Corp. (ABX) — This acquirer, explorer, and developer of gold properties and copper, silver, and zinc has pulled back from a recent high at over $40 but fell through support at the conjunction of the 50- and 200-day moving averages.

Now, however, with inflation as a real possibility, ABX has responded with a buy signal from our internal indicator, the Collins-Bollinger Reversal (CBR) and the stochastic.

But to get a full new bull market move underway, it must break above the 50- and 200-day moving averages at $34. Buying now could yield a target of $50 but stop-loss orders should be placed at $25.

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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.