Resumes Exploration on High-Priority Targets after COVID-19 Possible 50 bagger looks like it bottomed
Looks like it soon wants to break out if gold permits Explorer holding largest land package in Finland (low geopolitical risk)
As shown in the daily GDX chart, the turquoise trend lines mark the support resistance trend lines, as well as show a standard flag pattern. Previous upside target in 2019 was 36, it now is upgraded to 46, based on chart pattern and Fibonacci projections. Recent price action saw a gap above the trend line resistance, and consolidation before yet another gap up...
Gold closed at $1,780.3/oz this week which is the fourth highest weekly closing price in history. The highest weekly closing price was $1,876/oz set in August 2011 and the second highest weekly close was $1,788/oz set in November of 2011. The third highest weekly close was $1,780.8/oz in October 2012 which is jut .50c above where gold closed this week. If gold...
GDX has broken out of multi-year triangle that formed a solid base since 2015. If gold continues marching towards all time highs, I think GDX can hold the breakout here. Perhaps it will cool off for a couple weeks after the rapid rise, but then I'm looking for the move to low $40's on the way to $60+ Positions: GDX 1/15/21 40c GDX shares Reassess if falls back...
Will the same happen on 'Black Thursday' with the #BTC price drop when the big pools withdrew + 6k BTC and pushed the price down to -50% ?. . March 12 ---- »- 50% May 25 ------ »- 10% Jun 23 -------- »- 4.75% 'for now' Source: @CryptoQuant
GDX is a fund that invests at least 80% of its total assets in common stocks and depositary receipts of companies involved in the gold mining industry. Miners have lagged actual Gold prices (XAUUSD) potentially due to operational risks affected by COVID19. The chart now looks set-up for a move higher to catch up with gold spot price as it breaks out from...
Why the Bearish on Gold miner? Africa is shut Down for 14 days!, all mining activity shutdown! Most Africa based miners are DOWN!! Pending follow up with more EURO shutdowns. sooo? SOOOOO, This company is up because Gold is UP, Please buy it because they think it's GOLD! EVEN So, people only buy gold due to fear of recession bets and fear of the weak dollar. But...
Hi, everyone. We are back! Sorry for the long absence. We’ve spent the past few months developing some awesome on-chain indicators, which will be released soon. :) For BTC, we are currently at a crucial state, with many attempts at the 10k mark. All fundamentals considered, we do believe it is only a matter of time for the break to the upside. However, looking at...
Healthy Upleg and Bullish RSI. This stock is a great way to play the bull silver market. It is a cult stock, with famous and great management. This is the largest silver producer (operations mainly in Mexico) with long term reserves. Great long term play. Not cheap but marginal when looking at the current silver price...
Support on bottom of channel, target around 3.00 before testing 100 week MA and upper channel. Great company, great resources, very strategic. Very solid long term hold IMO.
This stock was once a "Fallen Angel " and as you will see it has been resurrected. The stock has demonstrated the ability to break above long term Resistance as it has recently done so and traders took profits allowing it to fall back to the "Safe Spot" circa 30 cents only to be repurchased once again. For those understanding Wave Analysis, it can be argued a ...
Relatively good results for Q1 report, at the edge of silver moving higher, most probably. What you think?
Now many people have been calling for a short in Bitcoin recently and wonder if there is any bearish possibility. Well its the weekend and we seen week volume. A 500btc pump than 3k btc dump from this morning to now. Theres two outcomes atm sideways accumulation or more dumps. Accumulation might be likely, but again we could go lower due to miner reward can't...
Here again, classic pattern. With zip from good news (drilling results) and good PM behavior
Highly probable go up. Depending upon prince SILVER behavior, obiously. With general hazard unforeseeable. My take, almost all in! Z
the cup is (almost) filled, avoiding spill is up all in! Dependent on behavior of SILVER, obviously.