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Buy African Barrick Gold: Dead Cat Bounce Due

By Zak Mir | Thursday 18 April 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


The problem with Tanzania focused Gold miner African Barrick Gold (ABG) is that even before The Great Gold Crash of 2013 the company appeared to have some kind of jinx on it as far as the fundamentals. This not only took the form of a fuel theft incident in 2010, but various blights for the bulls even in the good old days when the commodities supercyle idea did appear to have legs.


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