Bulk of mine finance package now arranged, small residual left, which has been recently reduced in size. Finalising this should trigger re-rating. Excellent economics when fully developed. Approaching break of 200MA, RSI climbing and MACD looking good. Triple bottom in place.
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...
Another silver stock that I really like and that I have already recommended in the past is Endeavour Silver Corp.. Although Endeavour had some issues in the last couple of months I continue to believe in Bradford Cook and his team. Endeavour was one of the best performing silver stocks in the first half 2016 and should offer massive leverage in a new silver bull...
It seems we have a great opportunity for a LONG trade on the breakout of the corrective structure.
EMAs show price action has hit the Mayo on the reversal and has also just hit the Water with a wick at the bottom of the candle. In my opinion, on the breakout of the corrective structure, a great setup will have been confirmed to trade the entire Wave 5 Impulse...
Previous gap was successfully closed but at the same time, several poor lows were created on the way up. Sellers might have some unfinished business at 164 GBp level and could continue opening short positions aggressively till 156 GBp level. In case of even small panic, we can expect retest of 149 GBp and 137 GBp levels.
Looking at the current confluence on the chart, it looks to me like we won't come out of the current down move until mid April. This being said, I suspect that we could see a bounce from the bottom diagonal and thus I would be a buyer pre-April if we saw a drop to that diagonal (currently ~ 14p).
Caterpillar is known for being a global economic bellwether, and considering it recent stock performance you'd think economic activity is alive and well.
Unfortunately, this is not the case. In fact, despite CAT "beating" its recent Q3 earnings estimates (which rely heavily on accounting gimmicks), the global mining and construction company reported that all is...
I feel as though this is a stock that's less appreciated. They recently acquired 11,000 acres of land in Argentina for $60,000. The exciting part about this is that Argentina has like 70% of the world's lithium or some crap like that, idk look it up. That being said the fact they bought land in a nice spot is telling me they have a good relationship with the local...
Golden Dawn Minerals GOM seems to be on the verge of a massive breakout as it is pushing against resistance of $0.40 which was last priced back in 2008. There has been a recent volume spike (open buying interest) since the company started jockeying for a piece land which is also of interest to powerhouse major Kinross Gold Corporation K . Since GOM is...
MUX is run by the same person who founded GoldCorp GG, and he has a 25% stake in the company that bears his namesake. McEwen Mining also pays a dividend while you wait for the price of XAUUSD to rise, and that is a rarity for a junior miner. Full disclosure, I dollar-cost-averaged into this company at around $2.00/share. My feeling is that when gold breaks...
Looks like a lot of traders are going to get hacked to bits between the potential range of $1290 to $1325 because the Fed is doing what it does best, fear mongering about a rate hike. This is only helping the Fed play the longs into their hand by forcing them to give up their positions in gold. A close under $1308 after Friday’s Non Farm numbers will increase...
NEM is one of the darlings of gold mining stocks, it has seen a phenomenal run-up, but I expect a retracement soon. Tighten stops if you are long, new would-be buyers should wait for a better entry.
