3 Stocks To Consider For The Gold Rally

Benzinga2021-05-21

Inflation is rising, which means the price of gold is going up as well. As the value of gold increases, the value of gold companies increases, too. This could lead to a rise in their share prices.

Some of the stocks in the gold industry have rallied, but have stalled at resistance.

If these stocks can break their resistance levels, big moves higher could follow. These stocks include Barrick Gold Corporation (NYSE:GOLD),Eldorado Gold Corporation (NYSE:EGO) and U.S. Gold Corp. (NASDAQ:USAU).

Barrick is testing resistance at $24.75. This level was also resistance in January.

Eldorado Gold has hit resistance at $11.80. Shares also hit resistance there a month ago.

U.S. Gold Corp has also hit resistance at the $11.80 level. This level was resistance in March, too.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • th0mastan
    2021-05-23
    th0mastan
    $Gold Fields(GFI)$normally gold mining would outperform gold etf of index during a goldbull run
  • Bull1973
    2021-05-22
    Bull1973
    Who likes Gold? Fall in here! Pls Like my comment! My First time posting! ?
  • EstherTurtle
    2021-05-21
    EstherTurtle
    Will gold keep gg up
  • am56
    2021-05-21
    am56
    Sell bitcoin buy gold.
  • boonk
    2021-05-21
    boonk
    Good
  • AH8398
    2021-05-21
    AH8398
    pls comment and like 
Leave a comment
8