Small Cap Miner Play on PM Price MovmentPrecious Metals markets have been doing well these past few weeks.
GC1!
SI1!
A lot of the miners have already made their gains and caught up with the market, but some have not.
Last night and this morning I have been searching for small cap miners that are playing catch-up with some upside.
I found this beauty on my stock screener.
USAS has just broken above it's 200 Day MA and this triangle pattern I have drawn. It seems like a great set up to me and I am going to take my chances on it assuming PM prices hold for a few days/week and this little guy ends up trying to catch up with the rest of the market.
Note that I have no extensive knowledge on the company fundamentally. Just looking at price.
Miners
Pure Gold Mining $PGM.v nearing breakoutPure Gold Mining $PGM.v has been consolidating for 2 years and may finally be approaching a breakout. Lots of fundamental catalysts ahead including a resource update and a definitive feasibility study due out in January. 10,000m drill program underway to test gap between 8 Zone and Russet South, which could potentially add significant ounces to the resource. Insiders and strategic investors have bought in this range and should continue to support price, thus a great R/R entry.
ABX Barrick Gold Corp. BUYBarrick Gold (ABX) Q1 Earnings In Line, Sales Beat Estimates. Technicals confirm bullish sentiment. RSI downtrend broke above. V bottom on higher TF. Coppock heading to break 0 line. FIB retracement 50-61.8%. Recently price of GOLD have stabilized finishing the downward movement since 2012. Expectation for appreciation in metal prices. Long-term BUY. Good Luck
Sirius Minerals gapped through 200 EMA (bearish), but...On the daily chart: SXX gapped down through its 200 EMA, a bearish sign
BUT found support at 23.5 on it's weekly 200 EMA
Stochastic on daily chart is trending down and could result in another decline
Also filling the gap at 31.72 could trigger fresh round of selling.
Let's see what happens.
SLV - Long Term Buy and HoldI have purchased a large tranche of SLV to begin building up a long term position in the very beaten-up precious metals sector. I am not convinced the bottom is in quite yet but we are likely close. I have begun seeing articles about how gold/silver investing is dead and some articles go as far as saying the price of PMs will never recover. Price extremes, extreme statements in news articles, extreme positioning, and capitulation by the perma-bulls often mark the beginning of a bottom. Why I have chose silver is due to the Gold/Silver ratio now being towards the top of a century long extreme.
Let me re-iterate that PM's could continue to bottom for the next few months and correct even deeper but as a long term buy-and-hold strategy, any future price drops will offer opportunities to average down. My time horizon for this trade could be 5-10 years or longer. Once price does rebound and begins rallying, owning the stock outright will give me an opportunity to sell covered calls against it and begin generating consistent returns and lower my cost basis even further.
Short term short ABN, Long term long.618 fib was broken so the .50 fib gives a potential entry of .30 for a long position
BTC Analysis based on Block frame and halving this is not financial advise just my thought about BTC treatment .
i think its more helpful we check fractal or trend line base on block frame .
since BTC network created we experienced 2 halving .
i showed 2+1 halving time with vertical pink line.
3 period mentioned in chart :
First era - 1419 days from beginning to the first halving (28-11-2012) that include CPU, GPU and FPGA mining
Second era- 1319 days (28-11-2012 to 09-07-2016) in the early of the 2013 we faced to ASIC miners started with 2 TH , 16 nm chip developed in mid 2015
Third era- estimate to be 1417 days ( 09-07-2016 to 26-05-2020 !!!) ( refer to the website www.bitcoinblockhalf.com) 16 nm chip (last ASIC technology) released in 2017-May-31
whenever Bitmain company released new devices we see new rally for example :
a- Gen 1 55 nm chip Nov 2011 price increased
b- Gen 2 28 nm Apr 2014
c- Gen 3 28 nm semi-custom sep 2014
d- Gen 4 28 nm full custom aug 2015 , price increased
e- Antminer s9 16 nm full-custom may 2017 price increased
i expect to see new power full miner devices in next 3 month .
continue ...






















