$IAU & IAUX Showing us a NICE reverse head and shoulder!with POG at all time HIGHS! it's only natural that Junior Miners will follow. Here's my 10x! Good Luck and trade wisely =)!
IAU trade ideas
I80 Gold Corp Setup!Just keep on eye for this one! Has the potential for a large pop off given how long it's been retracing, signs shows bears are losing the momentum.
Targeting $3 on this trade - 6 month time frame.
AMEX:IAU
AMEX:IAUX
IAU.TO / IAUX (U.S.) Perfect for Bottom FishingDo your own due diligence: this is set for takeoff. All ABOARD!
@IAU.TO
i-80 gold65 million secured for exploration. Sprott biggest holding, One mill to pull stock from 4 pits in the works, similar to Aris Gold style.
road to 2x med term?one idea on how this stock might double over the next several months. Double bottom 1st ?? Maybe not if it can break out of its current wedge pattern
next young Barrick?!difficult to TA this due to small timeframe. Appears to be classic broadening wedge pattern? With at least a relief rally in junior miners and gold, more likely that this goes topside.
fundamentally, lots of potential. Things I like (as a patient metals mining speculator with 3-5yr time horizon):
- US jurisdiction (Nevada)
- NYSE 'American' listed (what used to be AMEX)
- high grade AU (5+ g/t vs 0.5 g/t typical with major miners) - reduced fuel CapEx!
- unlike many juniors, growth potential to be a LARGE mid-tier producer
- just Ruby Hills site could have ballpark of 2.8M oz AU
- high potential for continued big drill result news for next 12-18 months
- self sufficient processing capability
- major underlying (literally) base metals potential (under radar now)
- for conservative 12-18 month valuation potential, think Arizona Mining buyout in '18 for 1.3B
Will I-80 2x by the end of this year? I prefer 10x within 5 years! Just my opinion...DYOR!
