So is this the time we get to see a big drop down in the market, we've been consolidating a long time, but it's beginning to look more and more bearish. I personally would not recommend long positions right now, certainly looks more likely for shorts given the price levels and price action.
Weekly target of $23, long term target ETF delisted. Gold mining companies derive their value from the gold they produce. Their value will never increase in a greater percentage vs. actual gold because paper traded gold does not have the same built in overhead costs that companies have. Owning gold mining stocks, ETFs, baskets, etc. have no relation to the...
either pill when that CEiLING LINE is disrespected after the Satoshi Round Table and Halving it's all clear BLUE SKIES toward FRESH HIGHS for now Miners and the usual SPONSORS are just SHAKING DOWN amateurs mostly neophytes or getting volume below 7k levels == short sellers may get squeezed any moment when one greedy whale starts to take a huge position one...
Waited to get in SAND at 6 USD for months, now with the general market sell-off, I could not have dreamed to get it at such low prices again. As Eric Sprott said about SAND "growth baked in"! Very good ultra-long play for the coming 5-7 years!
Nice cup and handle, but will it complete the pattern?
This came in meditation back on 1/13 with the word "Rangold" I guess so I don't confuse it with the metal. I also got the number $22. When this has happened before, you expect it to get to that number and you best get out. I hesitated in posting this partially out of laziness, or maybe fear that it was accurate information and a bit freaky. Regardless, the idea is...
Discussed that NYSE:IAG may have bottomed two weeks ago. And price action in last two days on very heavy volume supports the fact that it really did. Now it is approaching resistance zone and neckline of inverse H&S. Might rest for a while, but when resistance is cleared, nothing should stop the rally later on.
Ego with a Strong move out of the ascending triangle after a earnings surprise. Gold is looking like an excellent hedge here against the spreading corona virus and slowdown of economic growth. EGO has a heavier position with me due to its smaller share structure, a lot of these miners have really high share counts and wanted to be better positioned in one that...
Just building up, the GDX Gold Miners, which were lagging Gold prices for a while, is now on the verge of a breakout... from a tilted Cup & Handle Pattern, as well as a Triangle. MACD and OBV are bullishly supportive, and momentum is strong. A breakout sets an upside target of 32.50. Enjoy the ride!
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...
XME is the metal and miners ETF. See reference info here . It is Not Yet bullish, nor rallying, But appears to need to close above 27.50 for the week for it to properly attempt a technical bullish rally...
To me I am finally getting a buy signal on miners. GDXJ has been supported by the 50 sma and is getting a move higher. The upper trend line was crossed, BUT we didn't close above it yet. I do see a cross of the 8sma and 13ema which is a buy signal. I had a buy signal on AXU yesterday. Pretty close to lift off.
NASDAQ:RGLD is one of the leading stocks in gold mining industry. It started major rally earlier than majority of other miners last spring. And was one of the first stocks to caution that pullback is likely in AMEX:GDX in January 2020. Right now it sits right near major support level, and in bullish scenario this is constructive level from which new leg higher...