Cameco continues to gain in price as spot uranium moves higher. We are seeing textbook breakout out of a triangle pattern with Cameco on pace for its highest monthly close since February of 2011. Lower PPO indicator is in the process of a bullish cross of the green PPO line above its purple signal line. Both of these lines trending above the 0 level indicates...
This is what we ask GDX regarding our primary scenario. The ETF has shown momentum in both directions: upward and downward. However, we expect the bulls to win this fight, pushing GDX above the resistance at $32.58 and into the turquoise zone between $33.93 and $35.57. There it should finish wave ii in turquoise and turn southward again, heading back below $32.58....
I anticipate a 20% movement in gold miners in the upcoming weeks, following its breakthrough of a resistance level which now serves as a support level. Additionally, silver has broken and found support in above a channel , indicating a potential bullish swing in gold. Once gold closes above its declining trend line, which I expect to happen, it may accelerate...
Uranium miners ETF on the Weekly chart Massive bull flag, patience should be rewarded - retracement of an impulse wave -waiting for triangle break out -countries moving back into nuclear power None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and...
Which instruments behaves like Silver? Just have a look at the 90% Correlation to Silver. If you are bullish on Silver, you have to be on GDXJ as well.
After it had initially been dragged back to the bottom of the blue zone between $13.94 and $21.88, Pan American Silver is currently taking another whack at resurfacing from its depths. By now, the course has managed to establish a new high since the end of wave (ii) in blue and should continue the ascent. We expect the share to leave the blue zone on the northern...
Has Fresnillo gotten lost, hunting for Easter eggs? We don’t think so! We rather understand the share to be swerving, interspersing its way with a little counter movement. Soon, the course should return to the main path and fall below both the supports at GBP 610 and GBP 456.60 to continue the descent. However, a 30% chance remains for Fresnillo to make a more...
Analysis Pitchfork. Priced is at the median. Targeting forks top Fibs: extending range to 1.236 Target the confluence at $38.18
On the Monthly Timeframe, Bit Digital is Bullishly Crossing over on the MACD and has Confirmed a Bearish 3 Line Strike which could most likely take it back up to make atleast a 50%-61.8% Retrace in the coming weeks.
True Bull markets in Gold are led by the miners, as spec money bids the sector and industry higher. We know that Gold has outperformed and had magnificent strength to the upside however its counterparty GDX has lagged. Seeing relative strength in Gold & relative weakness really emphasizes what were going through... a Liquidity crisis. Gold is moving on fear...
JSE:J200 is now flat for the year, not total return. The market is all over; financials were strong, now weak. Gold miners attempted a rally that failed, they're on a second attempt now. Even JSE:STXFIN is now under pressure. It's probably a stock picker's market.
First Majestic is still wading through the turquoise zone between $12.36 and $6.89 to finish wave 2 in turquoise. To achieve this, the course still has got some room for maneuver – at least until the bottom of the turquoise zone. However, it also might have already completed the current movement, thus continuing the ascent. As soon as that is the case, we expect...
Newmont is flirting quite heavily with our alternative scenario, moving closer and closer to the support at $37.45. By now, it is touching the upper edge of the yellow zone between $42.50 and $23.41, on the verge of slumping deeper. There is a 40% chance that the course might do so, dropping below the support at $37.45 to develop wave alt.(2) in yellow earlier...
Keeping an eye on JSE:GLN price action. The share price is at an area of value, and a key MA. For buyers, a bounce up will be beneficial, and for sellers a break down will be beneficial. PGMs are getting wrecked, is there a bull case for a diversified miner like JSE:GLN ?
Since the end of wave B in turquoise, Fresnillo has been continually getting down for business. And the share should keep going as we expect it to march below both the supports at GBP 610 and at GBP 456.60. There is a 35% chance, though, that the course could turn upwards and climb above the resistance at GBP 997 instead. In that case, Fresnillo should enter the...
All Star Cast .. think MATiC when it was at sub $0.0003 cents a discrete project only the old guards of the space are on board an indexer library of data information appllications etc. from decen to centralized sources for everyone to seek VERIFiED by the network.. for now Ai Machine Learning is the THEME since The Register broke the news in Nov2022 next...
Cryptominers, as a rejection of a basket of currencies in favor of Proof of work /stake. According to natural selection (yes, Drobyshevsky on evenings) The most average, gray and not so big will survive. Not the best and not so progressive. $DXY $CLSK $HUT $SOFI $MARA $UPST $HUT
NVDA just broke the head and shoulder pattern which indicate to super bullish pattern! Follow me for more! #NVDA #NDAQ #BTC