RG3 trade ideas
RGLD: Strong trend, interesting upside on the horizon$RGLD is a royalty company that invests, acquires and manage precious metals royalties and streams. The very strong technical chart suggests it's an ideal play to capture upside in gold while keeping risk low.
Their margins are typically much larger than explorers and producers, which allows them to thrive even during gold bear markets, which explains the drastically lower volatility compared to the gold chart.
Now that gold looks to be poised for a major move, I think $RGLD gives us great opportunity and surely deserves a look here.
I labeled some technical signals on the quarterly and monthly timeframes. The long term trend is already up, and targets point to prices over $200 in the not so distant future.
Best of luck if investing in shares of this company.
Have a nice weekend.
Ivan Labrie.
Possible Market Correction > Gold Idea (See Comment)RGLD seems like a "good enough" option should the market enter a correction and Gold push higher.
Not my typical trade as i don't like the disharmony of the stock being traded in two markets which affect it differently, but an idea based on large markets often provide suprising results, should you choose to participate manage your risk and good luck.
RGLD - 2hrRoyal Gold in holding up well, considering. It's another on that has be caught between two possible counts. Alt blue 2 can go quite a bit deeper but not necessary.
XME Components Analysis Number 6: RGLD (Royal Gold)I have recently published a series of bullish articles about-XME.
RGLD-is one of the components of-XME. The strength of this chart speaks for itself -
It is one of the precious metals stocks which is contributing to the strength in-XME.
XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis at the lower end of the capitalization spectrum. It holds 25 components in an equal weighted market cap.
I believe by showing you some of the individual components of-XME you will understand why I am very bullish towards the upward move in-XME.
Don.
ROYAL GOLD FLAG#RGLD - ROYAL GOLD INC - BULL FLAG - NASDAQ
WITH THE STREAMING / ROYAL STOCKS DOING SO WELL THOUGHT I WOULD SHARE THIS WHICH TO ME LOOKS LIKE A GOOD FLAG WITH STRONG SIGNALS FROM THE BB'S AND ICHIMOKU IT COULD BE READY TO BREAK
RGLD: Thing of beautySome charts are broken, others are difficult to understand, some are messy and others are beautiful.
This one is beautiful. Respects trend lines, fibs, divergences, or anything else that traders use I guess to place their bets.
For me it's just polarity perfection. The way support becomes demand and vice versa.
So far price is following the path of a bearish bat. At the time maybe just clearing stops at the unorthodox Adam & Eve double bottom peak.
Cheers all the best
Panos
RGLD ( Royal Gold ) Priced in GoldThe chart plots the gold equivalent of 100 shares of RGLD.
To the shock of the reader, RGLD was no profitable since 2003 began, it went in a long sideway channel, heck it may underperform the metal itself. For RGLD to outperform the metal, you need to buy it when 100 shares of RGLD equal 2.70 ounces of gold, and sell shares when 100 shares of RGLD become equal to 6.00 ounces of gold, and the duration of the position holding is unpredictable.
Owning physical gold is much safer than RGLD shares sense it's not profitable.
Even if RGLD broke the long term channel to the up ( when 100 shares of RGLD value become greater than 6.00 ounces of gold ), I don't expect that to be a long term strategy, it's usefull for only two years, and the projected profit to be clearly much less than 800% in terms of gold ounces.
Look;
First profitable rally was in 1992-1994 lasted two years with gain of 24700% in terms of gold.
Second profitable rally was in 2001-2003 lasted two years with gain of 800% in terms of gold.
So, any coming rally will be with lesser gain.
Royal Gold (RGLD) Bullish Gartley patternNot only does the Gartley pattern fit pretty well, the projected buy point lines up with the support levels marked by the signs of strength that occurred back in July. The high of the first sign of strength offers a good stop loss point.
