Conditions for a gold and silver are ripe for a bullrun imo. Miners will be some of the biggest reapers of that bullish fruit. Money printer go brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr
AbraPlata backtesting the breakout before heading for new highs. The arc is completed and the breakout seems successful, but a recent pullback suggests a backtest before reaching new highs.
GDXJ/GLD Ratio shows that miners are in for a treat. A perfect arc can be found to support that thesis on the log monthly.
Gold price #xauusd is attempting to break above the upper line of the downtrend channel which would be a bull flag breakout, and the expected result of the bull flag pattern. The next resistance level stems from the local high made in early November at $1,966/oz. The stop-loss level stems from the local low made in early December at $1,763/oz. A break above the...
Currently -general downtrend, bottoming out on the daily lows (50% retrace)-notice the macd+rsi divergence against the general downtrend -look at previous divergences when macd+rsi travel in the opposite direction -flat lows, then reversal when macd+rsi diverge - GAP filled above 50% retrace of march lows and beginning of bull run. -~3 bounces around 50%...
Please see Chart... recent minor failures hint of bearish tones, and technicals are crossing down. Overall, the equity markets are pushing higher on air and expecting a serious pullback soon, after a surprise trigger. Gold prices are not moving despite USD weakening... this is bad for Gold, and Gold Miners particularly. Once the USD jumps, and Gold drops, then...
The miner of material for batteries received some positive analyst coverage Tuesday night, with a price target still above where shares closed today. Yesterday, Stifel analyst Anoop Prihar initiated coverage of Lithium Americas with a buy rating and $13.25 price target. That represents another 7% potential on top of today's bounce. The latest coverage comes as...
This 1 can fly above .12c especially since they have announced that they will be working towards being the number 1 bitcoin mining company with lowest energy output. Who knows worth a punt IMO could break $1
Silver has broken above the downtrend line that formed after price peaked at $30/oz back in August. This breakout comes on the heels of a double bottom pattern that formed in the $21-$22/oz area from Sep-Nov which combined with the trendline breakout indicate that traders are likely going to take price back up to test the $30/oz level again. The current price...
GPL and other miners are breaking out. GPL just broke frmo the trend line and is above the supporting MAs. Many others in the sector have already broke out, check CDE which I bought last week.
The Q4 FOMC combined with mid December tax loss selling is a prime time to sneak your way back into the precious metals sector. It has been a great year for metals, and believe it or not the 4 month correction from August to December is perfectly normal and reasonable given history.
Aggressive entry at 0.013 on Friday 10/12/2020 Stop loss at the 0.618 fib level = 0.010 Conservative target at the next resistance level determined by pivot strategy indicators = 0.023 Aggressive target beyond the 0.618 fib extension level determined by flag pattern = 0.030 Mid range target at the 1.618 fib extension lvl = 0.027
The good news is that we are approaching some serious levels The bad news is the way we crushed the 200MA
Strandline Resources coming out of a nice consolidation period and breaking out of a textbook bull flag. FA all lines up with TA. Finalising finance and in early development days with aim for first ore to processing plant in 18 months. Got some exciting projects happening in Tanzania on the go too.
According to the 5 waves that are seen daily and the end of wave 5 in the support range of the minor strategy, two scenarios are foreseen for continuing to work, to have a corrective move in the form of an abc or to start a new 5-wave trend.
Keeping a close eye on $NES. A break above 8.4c should mean a fairly smooth run up to the first target @ 12c Entry above 8.5 or slightly higher after breakout confirmation Solid support @ 6.7c
Looking for GDXJ to break above 60 for a potential bull breakout with a target around 90 Or, a breakdown to the 200 day moving average to 42 to 48. It's harder to predict this bottom because of the expected upcoming volatility, so buy orders spread throughout this lower range is a good strategy to catch some (if not all) of that bottoming activity before the great...