Signs of cracking here at 0.85 will be waiting this to spike at open so I can short the shit out of it at high of day and try catch the top and ride the wave down I will be expecting a green to red tomorrow.
Will only play if it brings unusual vol early in the morning
Although the Precious Metals Miners are a bit of a mixed bag, there are a couple of interesting stocks for an aggressive long setup. One of the opportunities is New Gold (NGD).
Strong bullish divergence in combination with sector outperformance (near-term) suggests a fierce recovery move is getting under way. A bounce well into the CLoud resistance is the least...
Hi guys, I'm Rob from Macro Insights. Today I have a piece on Gold outlining why from a probabilistic outcome Gold is a fantastic opportunity on the long side. I believe you have to look at each asset and analyze 1) the macro top-down picture, 2) a fundamental bottom-up analysis of the asset, 3) what is the positioning/sentiments & 4) you gatekeeping, technical...
Might be GOLD related, which is on bullish run at this time. $3.00 is for resistance noted on chart, then $4.00. That is reason why you would need to have a lot of shares to see any descent results.
Looking at one gold miner we could see a possible bottom is taking place. Gold miners *usually* go up for only a few reasons.
1) Price of gold is rising
2) They found what they were looking for
3) They found more than they were looking for
This bottoming structure is a symptom of #1
Original NGD...
We see a nice Triangle forming, and heading onto a possible breakout.
As we are in a longterm down trend, the breakout will possibly be to the downside. Still I advise us all to wait for the breakout and then even for a retracement if you are conservative.
As usual, I wish you all the best
The weekly breakout has arrived. On the verge of a major reversal. I see this going to $6 per share. I believe we could reach double digits long term.
Previous analysis:
I am long from 2.56, 2.77, 3.15, and 3.05
New Gold Inc. is a Canada-based gold mining company. The Company owns assets in Canada and Mexico. Its assets include Rainy River, New Afton Mines and Cerro San Pedro Mine. The Rainy River Mine is situated in the Richardson Township, approximately 65 kilometers (km) northwest of Fort Frances in Northwestern Ontario. The New Afton copper-gold mine is located approximately 350 km northeast of Vancouver in the south-central interior of British Columbia. The Cerro San Pedro Mine is an open-pit gold and silver heap leach operation located in central Mexico in the state of San Luis Potosi, approximately 400 km north of Mexico City and 14 km east of the city of San Luis Potosi. The Company also owns the Blackwater Project, which is located in British Columbia, Canada, approximately 160 km southwest of Prince George.
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NGD
