This is a continued trade based on my previous post. This was posted on my blog yesterday night We have a big week ahead of us with potential updates on several important political event, along with some important economic data being released throughout the week. The news that we should keep our eyes on are updates on the trade deal, and vote outcomes of the...
Although the Precious Metals Miners are a bit of a mixed bag, there are a couple of interesting stocks for an aggressive long setup. One of the opportunities is New Gold (NGD). Strong bullish divergence in combination with sector outperformance (near-term) suggests a fierce recovery move is getting under way. A bounce well into the CLoud resistance is the least...
A PICTURE IS WORTH A THOUSAND WORDS AMEX:NGD TSX:NGD
Update from January. Seems like Kirkland lake's announcement of 1 million ounces was enough to get the investors to keep rushing in and create support where there once was resistance. If you are like me and it was enough to keep yourself into this play we now may want to stick around a little longer. There are two ways to play this: - Wait till the support line...
I like the look of this chart of DUST. I bought this morning. It's always risky holding over the weekend but its a small position, relative to all holdings. GOLD is breaking below $13000 looks good for a pullback. Cycle wise we are due.
You don't know where it is going but you can track the way it came where it is now. If you are short Gold, well, I guess you are probably new here.
Precious 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...
After completing the AB=CD pattern, GDX looks ready to go long again. We just had a very common 38.2% FiBo pullback. The MACD is oversold, and the TSI is crossing over zero. This is a 4 hr chart. However the volume appears to be dropping.
This monthly shows that it is a good time to buy this asset. If the markets continue volatility, this mining ETF will gain traction.
Whether it's seasonality, or the fear trade, there is one market that is definitely undervalued and that is the precious metals. HGU is challenging resistance, and putting up a flag at the most opportune time. It's go(ld) time.
Pure 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. ...
this day start fomo bring btc from 6k to 20k
Barrick 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
Ripple(XRP) is a great crypto@future. So, due to head&shoulder, it growing up to 0.65139. TP@0.65139 SL@0.48690 What's your idea? share it.
After a bullish cup and handle, AAZ went from 36 to 46. Is it now ready to break out for the next leg?
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.
I 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,...