Barick Gold (ABX) December 31, 2007

[Harry Aloof]

From Wall Street Trader's Column

BARRICK GOLD CORP (ABX-NYSE): Technical Viewpoint: From a low of $38.60 on Nov 19, 2007 prices rallied, reaching a high of $43.46 on Nov 26, 2007. A decline saw prices pull back, reaching a low of $37.05 on Dec 20, 2007. Another rally saw prices penetrate resistance line "A", closing yesterday at $42.88. Technicals: MACD Index (MACD): A Buy Alert! was given on Dec 20, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $38.00. Resistance: Is at $43.46. Point & Figure: Reversed to the upside on Dec 28, 2007. A P&F downside reversal takes place at $40.00. Summary: Technical indicators have turned bullish. BUY! Barrick Gold Corp (ABX-NYSE) @ $43.13 Stop: Use a protective stop of $41.13. Barick Gold Corp is currently trading @ $42.88 plus $2.60 on Dec 28, 2007.

Price Objective: $57.50
Risk/Reward: $2.00 VS. $14.37
Today's Risk Reward Ratio: 7:1