One for you "gold bugs" out there
$FNV has formed a symmetrical triangle pattern since SEP
On the back of strong move from gold prices in the past 3 sessions we notice strong volumes (above 600k/day while avg is around 500k/day)
MACD crossed bullish signal and histogram now positive, RSI well into positive area and space to go higher
Look for a sustained breakout...
Shorting 100 shares of FNV
Gold seems to be sinking as good news keeps rushing in.
Holding this until it breaks the bottom range of this support and resistance pattern. I will take $300 out of this trade and my stop is $150.
Started short @ $92.36, Max loss is $93.86
Max gain will be $89.36
Meaningful support at $90 level - ascending pattern for gold with worldwide economic instability. Flock to value and stability. Still long-term on gold and silver-holding tight. $SLV, $KL, $RGLD.
Risk: China trade agreement/compromise.
FNV Put Spread 90/95
EXP Oct 18, cost $1.59
Max loss is going to be $100 Max Gain is $2.21 Great Risk to reward ratio.
Gold is sinking as it topped out and sentiments are changing to a brighter outcome for the market in general with hong kong simmering down and china + america coming to some trade talks gold seems to be going lower for the time being.
Love this stock. It trades a 10$ spread regularly. It trades on both gold and oil , but mostly gold . Pays a dividend. More higher lows, we will see if there is higher highs. The volume is consistent. Love the stock. I start selling above 80 and start buying below 70.
I'd already been holding KL, but FNV caught my eye after positing a solid 32% earnings surprise and a volume spike to accompany it. I like they because they're diversified across more commodities than just gold and precious metals, and they're doing well in a sector that's seeing a lot of established players losing money. Technicals are looking good with the...
$FNV pulled one on most of us today with the rip down on the news that sank the stock right back to retest low end of range with lower volume and potentially a higher low. Again this was a gift from the gods. Keep an eye out for it to run at some pt. Won't lag too much
Playing Trading Simulator Game:
I was checking out this stock on New Years Day.
Stochastic Oscillator (14,3,1) looked positive.
5SMA - 20SMA looked positive.
Short term trend is positive.
Long term trend is positive.
On 2JAN18 bought 500 shares at $79.98.
Price started dropping, bought more to dilute my average buy price.
2JAN18 bought 500 shares at...
Like many, I don't believe good times last forever. I like having a portion of my portfolio in gold/mining indexes as a safety net but I've been very disappointed by returns. FNV tremendously outperforms both GLD and GDX - I can't really imagine how well this company will perform when GLD/GDX start seriously uptrending. The 1.08% dividend while I wait is just...