FNV is a leveraged play on gold, although much of their revenues come from other materials. During this bull cycle, the run up from March-June produced a ~19% rise in gold and a ~58% rise in FNV. After a consolidation, a similar run in July produced ~20% rise in gold and ~34% rise in FNV. We are now in a consolidation. I believe this underperformance is primarily...
It will probably take over a year to go back to pre-covid economic levels. Central banks and government will keep pumping money to support the economy, which is a long-term tailwind for Gold. The precious metal will also continue to be attractive as a portfolio diversifier, its cost to hold is cheap considering low or negative interest rates.
Gold hit fresh highs...
Hello traders , FRANCO NEVADA CORP is in an upward movement, possibility of rising above the previous high pass the trend line to be able to fall if the buyers respond more.
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In the past FNV followed the Gold but now it has been divergent to the bearish side. Now FNV is sitting on the important support which was previously acted as a resistance.
As long as this level holds up and Gold continue its rise (with DXY decline which is correlated factor) FNV should retract back to previous high and then even higher.
In case we break below...
Industry Group Rank 4
Composite Rating 99
EPS Rating 97
EPS % Change last Q 146%
Last 3 Q Average EPS Growth 0,83
Quartes of EPS Aceleration 4
Sales Growth Last Quarter 17%
SMR RATING A
Quartes of Incresing Fund Onwer 0
Relative Strenght Rating 97
RS near new high at breakout: SI
The shorter SMA crossed, the longer above (the 9th of April), that is a pretty bullish signal
50 EMA shows me that we are still in the uptrend ( D chart)
RSI on the daily chart shows me that we still have space to go up
You can see the important FIB levels 0,236 - 0,382
1) if we break the 0,236 resistance, we are heading up until 131$ area
2) if we can't...