45 min chart shows double top at $6.99. Given the wider markets, I'd bet a gram of gold this will retest the low $4s. Miners are at the beginning of the gold process. At this point $1500 gold looks better. Problem with miners is governments go for the gold first on the calamity so miners is not the safest place to have cash parked at this point. Good trade...
K- Gold will be in FAVOUR! --- Should rise nicely as it climbs in this channel... upward as a safe haven.
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and...
Kinross, with good news on mining, solid business partly in Russia, could accelerate this interesting trend with rising Gold price.
I'm there for max profit until reversal of trend.
My conviction is to a secular bull market beginning in precious metals. KINROSS PRODUCES SILVER ALSO and some other metals.
I know this is big call, and we might find many...
i drew this back a while ago and it seems to be at the point where i would love to see what someone thinks. i have a feeling with the price of gold, trump and currency taking a bit of a change recently we may see short gains, but ultimately there is a chance we may go back down to around 3 or lower.
i would love to hear what you think
Kinross (K) is now back in bullish territory with the recent 10/200 EMA Cross over.
For Long Term Trend followers, this is great news.
And for some may prompt a buy signal.
For more aggressive traders, they may have entered down at the 20 EMA Zone,
I did and got kicked out on volatility a few weeks later. I will take the 16% or so.
I never got another entry...
Kinross has worked hard to restore its balance sheet after the disastrous 2010 purchase of Red Back Mining.
Kinross paid US$7 billion for Red Back shortly before gold topped out above US$1,900 per ounce. The subsequent crash in gold prices and disappointing production from core assets meant Kinross had to write down...