I invested in GPL as it was an essential mining company for precious metals. Considering the price of precious metals are skyrocketing, so are the mining companies stocks. Great Panther silver has recently turned from a down trend to an uptrend. Just waiting on a retest of a trendline or a fib level before I sell some indecisive stocks and place them on GPL.
looking for high volume breach over and through the critical $50 level. Its possible that a once in a lifetime risk vs reward opportunity is setting up on the junior gold mining sector..
The multimonth range that started in October 2018 was broken to the upside at the end of April. The confirmation pullback with large selling volume, along with buyers coming in today suggests a low was formed and a new rally is now in.
It's an extremely simple chart, but It does imply a pretty good RRR trading opportunity. These prices were last seen in 2013, so this is quite a significant break of resistance.
Everyday you hear of recession and taking a quick look at gold stocks, they seem to be the safe haven and profit maker during financial uncertainty. Take a quick look at New Gold during the recession years of 2009-12. Gold stocks rose with the price of gold and this stock under $1 is an absolute must buy. NGD is in line with its historic lows of 2008 and has only...
The Breakout is confirming as a Trading Range formed with low volumes during the past few weeks. Following a few weeks of low activity, very-large volumes were registered today. Price is heading toward the next Resistance of the upper Ranging Channel at $7.8. This movement could very easily push the price all the way to the next Resistance at $8.0 to a new...
It looks like the tons of volume that entered the market on JNUG last week is the only thing keeping the price afloat. Overall the stock is bearish, dropping from over $100 to single digits. Short-term, it's getting ready to test the resistance (shown by the horizontal green line. We can see a bullish trend over the last few days, steadily making higher lows....
Kirkland Lake is down 40% from gold's September high of 1550 yet Gold is pushing $1700. Its down 18% from the market meltdown. I suspect this means that if gold gets sold in the coming crash that the dip in gold and gold mining stocks will be limited not extended. It won't be like 2008. A 60% correction from September's high puts Kirkland at $20/share. I will be...
Wonder if the 21MA and 200MA will cross in this critical moment of time we are in now and if EGO still has the boom it had in 2008-2010...
Look for gold to perform similarly to how it behaved from 2009-2011. I believe a significant part of gold's bear market from 2011-2015 was due to the world placing trust in the Central Banks and believing the lie that the Central banks had saved the day. That trust is fading quickly, evidenced from gold's move from 1180 to 1700 in the last 15 months. When ZIRP...
USGD.C is cheap at $3M mkt cap and tight 60M float. Trading at 52 wk low with solid bid support at this level. Favourable macro (gold), expecting update on its high grade gold Nevada project + upcoming presentations PDAC could fuel the momentum reversal here. Seasonality may come into play as well as this stock tends to be active and have the highest gains in the...
XTT.V bounced off the recent trading range low (.09) on volume with bullish MACD crossover confirming reversal. Company expects steady news flow from its drilling program over the coming weeks, testing several areas with high grade historical gold hits. Note the up-sloping Accumulation/Distribution indicator, suggesting steady buying pressure over the recent months.
Checkout my other post for some fundamentals, looking at the long-term chart view of AGLD we can see that a possible bottom has been carved out and is forming a bullish inverse Head and Shoulders pattern. As gold continues to rise, the un-hedged production at Austral will continue to generate cash to fund drilling and acquisitions without dilution. A dropping...
Looking at Junior Gold as the next big market to trade, obviously due to rising gold and silver prices, but I like this company for a few reasons. Obviously being in South America the local currencies are trash (EM FX at record lows) so costs will likely remain low, especially if oil remains relatively cheap. Recently margins have begun to grow due to rising gold...
K92 has been having a very good couple of months. The parallel trend channel established recently is strong. The MACD is going off the charts, however, suggesting potential trouble ahead. For now, the bulls remain in full control.
As you should know, ratios are measured from 0-1. The Gold mining sector hit its all-time high in 1984, registering a 0.9 on the ratio. An individual company can go to zero, but an entire sector like metals cannot unless humanity gets wiped out. The mining sector is the closest to zero it has ever been. The last time it was this low was when gold bottomed in the...
Probable DBL TOP (M) forming, Bearish div in the RSI, Willy stupid, M forming in the OBV risk 0,9% of the position