Barrick Gold (ABX) - November 5, 2007

[Harry Aloof]

From Wall Street Trader's Column

BARRICK GOLD CORP (ABX-NYSE): Technical Viewpoint: From a low of $37.44 on Sep 26, 2007 prices rallied, reaching a high of $43.24 on Oct 15, 2007. A decline saw prices pull back, reaching a low of $39.85 on Oct 22, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $45.62. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on Nov 2, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $40.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Nov 4, 2007. A P&F downside reversal takes place at $52.00. Summary: Technical indicators have turned bullish. BUY! BARRICK GOLD CORP (ABX-NYSE) @ $45.75 Stop: Use a protective stop of $43.75. BARRICK GOLD CORP is currently trading @ $45.62 plus $3.12 on Nov 2, 2007.

Price Objective: $55.00
Risk/Reward: $2.00 VS. $27.23
Today's Risk Reward Ratio: 5:1