So far, Pan American Silver has only been snorkeling along the surface of the blue pool between $21.88 and $13.94. However, we expect it to put on its diver’s gear and to plunge deeper into the water to finish wave (ii) in blue. Afterwards, Pan American Silver should emerge from the depths and rise above the resistance at $40.11. There remains a 38% chance,...
There it is! First Majestic actually did it – it has advanced into our turquoise zone between $12.36 and $6.89. Now, things are getting interesting. As First Majestic has reached the middle of the turquoise zone and thus has tapped its ideal target point for wave 2 in turquoise, it could already start to move upwards, crossing the resistance at $19.41. However,...
The SIL and SILJ ETF's are both following a classic impulsive pattern that began with our low in the spring of 2020. After a powerful 3rd wave blow-off rally that peaked in the summer of 2020, a seemingly endless 4th wave correction has been grinding away all hope in the metals sector. However, we may have reason to be bullish as there are clear signs that the...
My 5-7 year outlook. Amazing fundamental and technical picture for precious metals and for the gold & silver mining companies. They are very undervalued relative to the underlying metals they mine and the fundamental picture gets better and better. They're growing cash flows and making very large margins of over 35% on average. Inflation is here and the Federal...
Alien metals, which has been correcting for months, might now turn up, judging by its RSI support.
Alien metals (UFO) after an 8-month correction seems to be about to turn up again judging by: - A momentum turning up - A reverse head and shoulders pattern - A price above the 50-day and 200-day moving averages - A positive Ichimoku set up Knowing that last year's up leg ended up with a multiplication by 30 of its price, before correcting, UFO could this time...
Price is currently forming a pullback. RSI and Stochastics are still bullish and in positive territory.
Alien Metals, which is a high beta play on silver, but also other base metals such as iron or copper, seems to be retesting its resistance after a 7-month consolidation. Given the positive dynamic of precious and base metals, $UFO might reach new highs in the coming semester.
Fundamental side of The Idea : Miners continue to outperform gold. This ratio is now confirming a prior breakout with authority and making higher lows since March. While all eyes remain on Gold and crypto , this industry is climbing a wall of worry. About the company New Gold's balance sheet is looking better thanks to a high gold price. However, all-in...
I apologize for my previous chart. I failed to catch the error in time prior to publishing. Here's a revised chart for reference. As all charts, it's a work-in-progress :)
Here's a new take on the massive bowl everyone has been keeping an eye on. I'll be looking at the Bullish Channel for clues on Gold's path to $2,500+.
no S SHERLOCK!!! lol silver is coiled like a spring like the miners.
Hi mates NYSE:HL is perfect setup for long in rectangle pattern here is data for my trade: ------------------------Trade setup --------------------------- Entry: 5.93 Stop Loss: 5.64 Profit target: 7.02 ------------------------------------------------------------------ If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment...
We are getting a double retest of December's breakout point. Assuming OTC:KLSVF does not lose support, we are expecting much HIGHER prices in the weeks ahead. The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on...
Abra is proving even stronger than people are hoping, and seems to be going strength to strength. Here is a possible forecast for next lift-off.
Some thoughts on Silver Junior Miners, as expressed through the SILJ ETF. Silver's long term forecast is impressive, but it's short term as an SOV / Industrial Commodity will be choppy, as it's picked up and dropped on whims. But remember, always DYODD!
High risk / high reward play for OTC:SSVFF . A close below the arc would invalidate the bullish thesis. Everything shared here is my own opinion and no results are guaranteed. Good luck!
One of the miners that we are following is AG. Made a bottom with a nice 5 waves up that finished with the spike in silver a few weeks back. Now done it's retrace and if this holds, we expect a minimum price target of 55....that is marked by our box in the PROFIT ZONE. First need to break previous high of 24.01, then pretty much off to the races.