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 $1308 after Friday’s Non Farm numbers will increase...
Weekly chart of Almadex this week after discovery in Mexico. Almadex Discovers Gold-Rich Porphyry System at Norte Target, El Cobre Project, Mexico
NEM is one of the darlings of gold mining stocks, it has seen a phenomenal run-up, but I expect a retracement soon. Tighten stops if you are long, new would-be buyers should wait for a better entry.
Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
Watch the lines for a place to jump in.
Watch the lines for a place to jump in.
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :) I was expecting it to retrace down to the 17 area to "fill the gap" Instead it created a bull flag / pennant , and then in 3 days , broke out of our channel and above price action All very...
VALE5's Fibbonachi looks horrible!!!! Projection at R$ 3 pretty soon. Who share this ???
Gold mining stocks have been trending higher, along with the overall U.S. equity market, of late. The recent support in gold prices allowed the Market Vectors Gold Miners ETF (GDX) a strong close last week, pushing 15 percent off the November 18 low. Gold mining stocks really get a pass from traders, and it is still early to determine whether the move will last...
DUST looks to be in trend mode with a near term target 22 with outside chance of 28. The gold price is about to fall down the rabbit hole and likely take the miners with it. Is gold oversold? yes, but bearish long term trend remains. This could be the finale that leads to the final washout low in gold. So in the meantime scalp opportunities in DUST seem wise.