Sandstorm vs. Principal Gold Miners (ex. Vale and Glencore), unweighted, outperforms GDX
Sandstorm vs. Principal Gold Miners (ex. Vale and Glencore), unweighted, underperforms GDX
rsi divergence, increasing volume, awaiting good news, falling wedge. we can wait for a solid jump here
I never liked them in the past but i like the chart pattern here and they are growing earnings.
Wedge Breakout, Breakaway Gap One swing Crossed SMA50/200 Volume Profile, 0.99 as support Entry 1.11 Stop 0.98 Target 1.5 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use SIM/Demo account to try it.
Be careful, multiple entries selected so hope you have a strong risk management strategy. This idea is based on my technical analysis only. Do your research and trade on your own risk!
Mr. McEwen put some fresh money into the company, also some Sprott Money. Many things in this company are prepared. But Chart shows- over all the company needs more new buyers in the market. Waiting vor break falling OBV Line. I'm also convinced,that next year Mr. McEwen has to have success, otherwise, Sprott will take aktion: Management or overtaking. Regards, Dan
Love the lower time frames here and zoom out and it's even better, if it gets over $5 this thing could get up to the 20's.
As noted in my previous post about McEwen Mining, the monthly resistance lines are offering us a current consolidation zone after a nice 200% bounce off of the march lows, However following recent price action as well as seeing gold pull back, reloading for a healthier move higher, has made me considerably more bullish on this name. We now have 2 major...
A pure speculative play (companies operating efficiencies aren't the best) that has a return potential of 5X+. The long term chart (going back to the 80's!) looks primed to explode if all the 30 & 10 year descending trend lines get taken out, as well as the golden cross & the inverse H & S as noted in HI_DUTENGIN's post. The fundamentals of the company are OK...
Gold mining stocks move with price of gold.
1- END OF 4 YEAR LONG FALLING TREND. 2- COMPLETED INVERSE H and S PATTERN. 3- GOLDEN CROSS SUGGESTING MAJOR PRICE CHANGE COMING.
20MA crossing the 50MA Head and shoulders pattern Slightly overbought If it goes down tomorrow, perfect opportunity to buy. It will go for a higher high. What do you guys think?