Another lower high and BTC continues to prove it chases the NASDAQ and underperforms it. Triangle is broken. Expect a sharp move to the downside coming.
Gold continues its bullish trend in a shrinking channel with lower GVZ. In a few week's time, the floor will be $1800. The current daily range is $1830-1790. If for some reason a realistic vaccine is mass-produced this could change for an intermediate-term as investors seek risk-on assets, but this opportunity should be used to accumulate more gold. (bottom range...
HBM is a junior copper play with exposure to base metals, and precious metals (Gold, Silver) This is a junior which will benefit from the copper reflation and gold play. Realistically a big guy will buy this company over the next two years. I see this realistically 10+ in two years from a deflation point of view.
MACRO>MICRO>TA Gold is macro positive Gold is a great currency against the central banks breaking the G10 and USD Gold has a cup and handle with low volatility, a large short position being squeezed, and a price breakout. Be careful shorting guys. A few day pull back, but nothing crazy at this low volatility regime. If the GVZ spikes above 19-20 area then maybe.
BTC has broken down on the triangle as opposed to the breakout expected, this isn't a bullish sign. The digital alternative to USD is showing signs of fatigue, which is realistic as businesses, central banks, pension funds, hedge funds, etc did not accept this currency as valid so far. So with retail investors suffering from crypto fatigue and not entering it with...
Based on the path we have seen since 2018, $1800 by the end of August is realistic. When we do hit 1800... That is when everything will get real scary. We either move up fast to hit a target like $2500, or the central banks pull some hail marry to break gold for another 5-10 years....
Lower highs, but higher lows. We will see how this triangle breaks. Until then, chase something that has momentum. Like stocks, gold, or even high yield.
The trend is intact, obvious gold isn't an asset the plunge protection team nor does the Fed purchase. Gold relies on the market players more so than ever as EM central banks lose income from COVID. Gold will see some pain here on out, as the economy opens and inflation stays in equities and fed backed financial assets. (depending on the events going forward...
This is a Katusa pick, but it is showing some breakout. Track accordingly I will buy below the trend line as gold stays macro positive.
So this chart doesn't need any fancy technical, it is an obvious lower low and lower high. The speculators are drying up and no new money is entering. With that, McAffee will not live up to his 1M$ call. So do we think he should use relish? ketchup? or mustard? when he eats his appendage? Cheers!
This chart is showing a textbook e-wave forming. This comes on the back of a go nowhere bean deal, QE4, (huge Repo over subscriptions) and a soon to be rate cut. The weakening dollar will translate to stronger gold priced in USD. (gold is all times highs in nearly all currencies around the world)
Looks like a nice e-wave is building for gold. Especially when the market starts pricing in the next FOMC cut later this month.
The Company recently fired both their CEO and CFO for incompetence and malpractice. The company didn't publicly state so, but it was evident why they left. This company has wrote down recently some of its poor performing mines. I think this company is in a great position for some upside. I could see a return to 16$ in a very near future. (March-June) Great price...
So I bought some cheap 200-day call options already at the money just before the BoC announced they were holding the rates steady of 1.75%. This is against a US fed already doing QE and cutting rates will prove bullish for the CAD. We obviously will see with time, but this market looks good for commodities and a rising CAD. Note: If the BoC does cut rates in the...
The company is continuing to underperform..... The CEO decided to sell one of his mines to the company in an all-stock deal, which is against the business strategy of royalty streaming. Further, the company wrote down diamond mine assets. With that said the Z-score below mean for an up sector, and the chart completely wrote off 1400+ gold. It is priced where it...
At the end of the day the recent rally is still a lower high and a lower low. If it was any different I would hop on the rocket.
This stock continues to make higher highs and higher lows. I am always looking for entry in this continued bull run for gold from a macro POV. Good buy and sell points.
I like this Streamer because its discount to FNV or RGLD. Its actually a decent company for portfolio. See my portfolio holdings based on price.