3D illustration GettyIt made news earlier this year when Berkshire Hathaway BRK.B revealed the purchase of Barrick Gold stock. Gold on the weekly price chart looks like this:Gold weekly price chart, 9 25 20. stockcharts.comThe price of gold remains in an uptrend despite this week’s sell-off — at least, on the weekly time frame. Barrick Gold on the weekly chart looks like this:Barrick Gold weekly price chart, 9 25 20. stockcharts.comThe gold equity purchased by Berkshire Hathaway earlier this year is already quite profitable. Barrick Gold on the point-and-figure chart looks like this:Barrick Gold point-and-figure price chart, 9 25 20. stockcharts.comAfter the March, 2020 low, this point-and-figure analysis shows the stock managed to break out above the previous resistance level of 22 with great force. There are no guarantees that the price of the barbarous relic will remain in an uptrend — or that the common stock of Barrick Gold will keep trending upward.

Source: Forbes September 25, 2020 17:26 UTC