More matter with less art

Barrick (ABX): The market is trying to tell John Thornton something

On the five day chart, the Gold & Silver Miners’ Index (XAU) is down 1%. Meanwhile major index component Goldcorp is up 0.5%, Newmont is up 1% and even Randgold has managed a long overdue rally, up 2%. And…

…Barrick is down 4.5%, most of that since the bell on Monday. The market is trying to tell him to keep ABX on the straight and narrow and…wait for it…not take the detour (oh I’m so witty).

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