Sandfire Resources NL is a mining and exploration company. Copper, gold and silver. Developing Black Butte Copper Project in central Montana, USA. Ascending right-angle triangle developing on the weekly. Price allow now entry with good risk/reward.
So far we could see modest pullback with decreasing volume. There are clear supports level incl. gap, Lets try to scale in with long term core position targeting .85 (and above) & short term position targeting .60.
Gold miners are dirt cheap right now. Don't know how much the stock market crash will affect the miners so perhaps better to buy after that but still.
This is a conviction buy in my book, i am looking in the coming week to buy GDX with a stop around 20$ looking for some serios upside. There are so many different points pointing toward a strong breakout. Good luck!
Great breakout here on GDXJ as investors fly to security with geopolitical instability. We have a breakout of several different levels, making this a potentially very powerful break. SIGNALS: 1. Breaking out of consolidation pattern since beginning of May 2. Breaking downtrend line from 2016 highs 3. Breaking over 200 day moving average Entry: above 34 Target:...
If you want 10x + leverage to the price of Gold 1.43% , and are tired of financial products like $JNUG or $NUGT or are unhappy with the fact that $GDXJ is no longer a true junior index it has too many big names. Then this is an amazing opportunity to get a good property in Northern ontario with possibly over 10 million ounces in the ground meaning you are getting...
Following up on my recent, gold and gold mining sector analysis, i am seeing in newmont mining one of my favorit gold mining stocks. From a technical perspective the bias is clearly bullish. Also fundamentally this stock is a top sector pick, they are providing strong earnings and are in good shape. I am looking to buy, but current levels seem expensive, another...
An aggressive-speculative entry here could deliver amazing Risk vs Reward Opportunity.
Thursday/Friday GDXJ is highly likely to break out. It has a lot to make up for.
GDX and GDXJ has been practically dead for a long time. However, when the time is complete and most have fallen asleep, the party will start. That time is likely to be now. I'm ready for the party. Are you?
I suspect this will be a very good spot to buy JNUG. Moving averages are supporting JNUG here. Looks as if the ICL in Gold and Miners is confirmed. Dollar relentlessly pushes lower.
Make or break this formation, it'll be violent and fun either way. The neckline has broken bullish, look for chop /volatility as it is tested and confirmed. I am long bias. Good luck all.
Today dovish grandma provided gold bulls with an extra boost while drop-kicking USD bulls in the face. Gold miners will continue their up trend after consolidating below resistance. The measured move is in my previous JNUG post. Good luck all.
It´s been the right thing to wait with any recommendation in the mining sector. But now I feel the time is right. As explained I believe silver has a great potential over the next 8-12 months. The best way to play a multi-months rally in silver are some of the best but currently beaten down silver mining stocks. First Majestic Silver without a doubt is one of the...
GDXJ closed right above 31.37 support so guessing it will test it tomorrow but it'll have to break the long uptrend from its lowest point in Dec. 2015 to get there which makes this a key point for determining if long uptrend will be broken in line with shorter term downtrend. Either it breaks down & has a long way to fall or it bounces off either the long uptrend...