Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and...
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and...
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on February 10, 2022 with a closing price of...
This is simply a stupidly low price. Gold is at a stupidly low price right now. Inflation is at 6.8% as of today (using flawed official numbers) and the 10 year yield is under 2% meaning there is worse than a negative 4% real yield on US debt which is ridiculous. The idiots in the market right now are selling gold because the Feds are signaling tighter monetary...
There remains little to no downside, now is a great entry point and with P/E of just 5 and P/B of 1, I believe this a no brainer.
Fundamentals are also great - production is expected to grow from today's 2,1 million Au eq. oz to 2,9 in 2023.
From the 2016 low, we have a series of abc sequences. Assuming that the low is in place, this could lead to a big leading diagonal, currently in wave 4 which is yet to unfold. We need to go more to the downside to complete the C of 4, at the end we can have a bullish slingshot to go up. If it goes through the orange zone with an increasing speed, that would be a...
Reasons for going long is the price is likely to go up, so by going long I am likely to make a profit because I will be able to sell it for more than what I bought it when I close the position that I longed.
After the gold price crash and a burn in Tasiast Mine: finance.yahoo.com
Kinross had a lot of bad news lately and pushed it down far lower than other gold miners. So it is now in a very cheap area near it's book value.
This could be a first entry ... I but an alert on the book value (around $5) waiting the next weeks, if we can catch some of the stocks cheaply
Bullish thesis is supported by crossover in Stochastics as it oscillates around low values. Furthermore, the RSI appears as it have already bottomed out and started its reversal to the upside. Fundamental factors in precious metals market are also in favor of gold minig stocks as price of gold is currently little below 1800 USD per ounce and continues to rise. Our...
