Gold Over Bitcoin? 3 Bullish Gold Stocks Going Into The Week
There’s a long-standing debate over whether gold or Bitcoin (CRYPTO:BTC), often referred to as digital gold, is a better store of value. With numerous parallels drawn between the two , ardent supporters of each point to the limited supply of both Bitcoin and gold as protection against inflation. Both may offer opportunities for long-term investors, but with Bitcoin taking a breather recently, technical traders may be looking to take their cryptocurrency profits to companies focused on exploring, mining and producing gold. Barrick Gold Corporation (NYSE: GOLD ), Kirkland Lake Gold (NYSE: KL ) and Carlyle Commodities Corp. (OTC: DLRYF ) all look bullish going into the week, with charts primed for a bullish move and gaps overhead. The Barrick Gold Chart: Barrick Gold, a gold and copper miner headquartered in Toronto, broke up from a seven-month long downtrend on April 6 after crossing above the eight-day exponential moving average (EMA) and the 21-day EMA. Barrick Gold’s stock also gained, and began trading above the 200-day simple moving average (SMA), indicating that sentiment in the stock is now bullish.
Gold Over Bitcoin? 3 Bullish Gold Stocks Going Into The Week
There’s a long-standing debate over whether gold or Bitcoin (CRYPTO:BTC), often referred to as digital gold, is a better store of value. With numerous parallels drawn between the two , ardent supporters of each point to the limited supply of both Bitcoin and gold as protection against inflation. Both may offer opportunities for long-term investors, but with Bitcoin taking a breather recently, technical traders may be looking to take their cryptocurrency profits to companies focused on exploring, mining and producing gold. Barrick Gold Corporation (NYSE: GOLD ), Kirkland Lake Gold (NYSE: KL ) and Carlyle Commodities Corp. (OTC: DLRYF ) all look bullish going into the week, with charts primed for a bullish move and gaps overhead. The Barrick Gold Chart: Barrick Gold, a gold and copper miner headquartered in Toronto, broke up from a seven-month long downtrend on April 6 after crossing above the eight-day exponential moving average (EMA) and the 21-day EMA. Barrick Gold’s stock also gained, and began trading above the 200-day simple moving average (SMA), indicating that sentiment in the stock is now bullish.