Barrick GOLD & GOLD/USD 1 year comparison

Barrick Gold (GOLD) reported 3rd Quarter September 2020 earnings of $.41 per share on revenue of $3.5 billion. P/E: 13.8, Div/Yield: 1.32, Market cap: $42B. Barrick Gold engages in the production and sale of gold and copper, as well as related activities such as exploration and mine development. It operates through the following segments: Barrick Nevada, Veladero, Pueblo Viejo, Lagunas Norte, Turquoise Ridge, Acacia, and Pascua-Lama. In December GOLD is building strength and it just so happened to bounce off GOLD/USD as a "support" on the comparison chart. As GOLD/USD value gains going into 2021, so will GOLD. I think GOLD is oversold and it shows that on the 1 year trend channel & rsi. I entered GOLD$23.5straddle at market close on Friday 12/4 because price action insurance is inexpensive. GOLD has an excellent Delta:Theta ratio = 25:1. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com/u/growerik/

Trade stängt manuellt:

liquidated straddle for modest profit