Welcome to gold mining shares discount days ! Up for grabs in the center aisle we have Yamana Gold.... and they also mine a decent amount of silver. These prices wont last long folks. Unlike Bitcoin... they will indeed rebound after the panic is done !
After this gold sell off I'm looking to reposition my self on some good mining stock. The risk reward ratio seemss pretty good. Will see how the story develop on Monday
Bouncing of support on weekly chart. Looking to breakout of downward trendline
Trading against the trend here I know, but the 6.40 level looks important and is being tested. If it holds above may be a good long swing trade.
Yamana has a beautiful structure. Breakout out and having tested the lower fib line, on it's way to 70% gains. Gold prices on the rise may nudge this before EOM.
Beaten up enough yet ? I dunno but i like Yo-mama here. I also like the fact they got a crapload of copper.
review a number of gold and silver stocks... let me know your questions, any stock you want my opinion on
so bullish it hurts
We are at critical resistance level, and break and hold 5.2 then we can go to 5.8 as next target.
built nice base with less resistance above now. Waiting for the 30 line to catch up I guess.
There are 3 reasons why I chose YRI Stock : I am looking forward to a downward movement in USDCAD . (More explanation on Related Ideas.) I also follow up the stocks related to the precious metal sector traded in the S&P 500 Index . I think that precious metals are discounted according to the World indices.This is the most important reason. (More...
This is a great example of the wyckoff accumulation, as I've also noted on the 1hr $SHOP chart. Considering GOLD is heading back to $1600, I think this is a good play with stops below 4.59. Target #1 = $5.53 (Gap fill) Stop = $4.64 Current = $4.93 R/R of 2:1. Not ideal, but with the wyckoff accumulation pattern and gold's macro bullish chart, I think it's worth it.
Consolidation and built up the momentum to hopefully ready to go. Held $4.67 resistance and should take off from here. Pay attention to $5.11 breakout and stay above at closing. this will take off to $7.50 with help of gold price and some encouraging earning report. Layered in 1000 at $4.80, pull the trigger a little too early, but hopefully all worth it in the...
Flagging. Leads me to believe this snp500 run is almost over.. wait for the break out as it may have another couple weeks of consolidation.
YRI.TO had finish strong with a lot of volume. Worth watching next week.
Given the relationship to the one-day crash we will have, I think that the mining sector will spark up a nice new bull run into 2019.
Target : $4.88 Falling Wedge - Trend Reversal