VGZ trade ideas
$VGZ Break out and low hanging fruit for Gold Bull MarketGold Spec play. $VGZ Vista Gold. One of the very few quality junior gold investments that has a realistic shot of near term buyout or new mega mine build at any price above $1200 GLD. Brownfield, permits in place, would be third largest gold mine in Australia, 750 AISC, 10million oz resource, 400-500k yr production, less than 1 billion build cost, and can be in production within three years. Current NPV upgrade soon to be expected news increases NPV to about 1 billion, & that is at $1300 gold. Very attractive buyout for mid tier or large cap to grow or add 400-500K a year. Recent interview VGZ looking to sell or partner. 100m O/S = 10 share for NPV. buyout spec 5-10share. If 50% partner & becomes a producer @ $1300 gold, price target range of 6-8 per share. @ $1450 gold 10-12 share, @ $1550 gold 13-14 share, $1800 gold 17-18 a share, $2100 gold 21-22 a share. & on and up...
With VGZ currently 1pps or 100million MC, vista is low hanging risk fruit for investors or a major looking to buy the best large scale, safe district, permits in hand, shovel ready, cheap AISC gold junior at the beginning of a gold bull market. AMEX:VGZ
help rookie!Im painfully new @ this guys! I shorted this stock @ .82 on 2-16 -18 to take profit @ .80..... Why didnt my take profit short limit sale order get filled ???
VGZ My idea I am expecting this stock to make a run upwards, likely after a consolidation at $0.76, or a correction to $0.73
If the stock corrected at $0.73, it may be pretty hard to make that upwards push. However, with the 9 day MA supporting a smooth correction/consolidation plus good bull volume moves, the possibility is undeniable. In addition, let's hope this stock continues to bounce off trending support on the wedge. If it does not, the secondary trending support is the next hopeful target that this stock hops and skips on top of.
**Let's see what happens!**
Favorite Mining StockI think miners are looking good. VGZ has no debt, and is my lottery ticket of the miners I own.
VGZ - 144minI know I've posted ideas on some of the sub-$1 miners, warning that positions should be kept small until we get confirmation. So far, a good start to proving the correction is over in wave (2). The larger 1-2 will add confidence. Retraces may be small in a presumed wave (3), and I'm not sure about the timing as my analysis isn't a timing system. Just watching technical indicators and price pattern for clues.
Straight stock plays on juniors like this are safer plays than 3x leverage ETFs in my opinion. Long from ~0.87
VGZ - 4hPosting this idea to explain what I'm doing with all my fib calculations.
And trying to convince TradingView to program the calculations as a selectable option in the Trend-Based Fib Extension tool.
The Fib Retracement calculation is quite similar. Its' the exponent of the difference in LN(price points) multiplied by the desired retrace % as I recall.
VGZ - DailyPenny stock (currently). Not for the faint of heart. I didn't take a second mortgage for this position (and neither should you). Something like a lotto size position, if you must.
Note: positive divergence holding nicely on MACD, but wave (2) box goes some -43% deeper...
VGZ - DailyFor something trading under $1, gotta be careful. But then look at what some other miners that have been beaten down managed to do earlier this year...
I'm holding a small long position and adding periodically.
VGZ POINTING TO THE UPPER CHANNEL?VGZ has broken a lower degree descending channel. I'm expecting to test the upper channel. Let's see how it develops.
VGZ must take out 2.03VGZ needs to take out 2.03 to continue run towards 2.7. Must not break below 1.62. More downside risk below 1.35.
VGZ, Highly UndervaluedVGZ has been down for a long time hitting its low peak. However, as Warren Buffet says, be fearful when others are greedy and greedy when others are fearful. VGZ is worth around $250 million yet has Gold Reserves worth up to $16 billion. The company also has no debt and is going strong. It is highly undervalued.
