Uranium to Gold Miners Ratio indicated further upside ahead for uranium prices
GLD/GDX Ratio predicts bottoming pattern in the Gold mining stocks. Should be followed by an upmove soon.
First Cobalt just proved the validity of the arc with a nice bounce out of a bullish pennant. We could be looking at a quick 3 bagger here.
Gold has a strong correlation with inflation protected T Bonds. Recently, gold has underperformed - most likely the gap will be closed soon. Either TIPS fall, or gold goes up.
A bullish Arc on the Wheat futures contract suggests a move of at least 100% by 2026.
The fun side of the arc in the junior miners is currently playing out. At the moment, we reside at the edge of the arc, which presents a very low risk high reward entry. Completion of the arc would indicate a gain of around 250% + overshoot, in an 18 months timeframe.
There is a textbook pitchfork building in the gold price. Will the price break down, or bounce upwards through 1900, this time in earnest? We cant say for sure, but since price resides above lower channel support, bias remains to the upside.
The SIL has formed a perfect bullish consolidation below the breakout line, and is likely to move up another ~80% from here.
Gold just cleared its long consolidation bull flag on the same day as it flies through the 200d MA. Expect the second part of that bullflag to play out now. A measured move puts us at around 3000$ in Jan 2023, probably months earlier. Get ready!
Bannerman Resources about to breakout of perfect bullish pennant
UR Energy, along with many other uranium stocks, just broke out of its 4 month consolidation. Expect a move to $CAD 4 until August, likely with some overshoot.
Looks like silver is finishing his cup and handle formation soon, a quick bounce up should be imminent as soon as price breaks out of the handle.
Bitcoin clears Bullfrag, approches 55k Target
Energy Fuels $UUUU setting up for a breakout. I expect prices of around 7USD by end of march.
Bitcoins master chart for long term planning.
Kinross Gold breaks out of its consolidation. If the breakout holds, Kinross is looking to at least double from here in the next couple of months.
We might be looking at a backtest of the breakdown here, which would imply that the Gold/Silver Ratio is going to head lower if the previous support turned resistance holds.
$Alta.v breaking out of a 15 year downtrend. Potential for a 50-100 bagger!