$HMY Inflation Rebound
*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.*
*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*
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Inflation is a crook, we've all seen it on the shelves. The notorious inflation hedge Gold is looking to run, and Harmony Gold Mining Company (
HMY) looks primed and ready to make a move on the charts. It currently sits at a support in the $3 range, and could easily make a move depending on inflation news. Two reports are being given this week: US Consumer Price Report (Tue. September 14) & the U.S. Retail Sales Report (Thu. September 16). These two key data collections could show increased consumer prices and lower spending; the former directly affecting the latter. Higher prices for retail goods, among other supply chain issues are a silent killer in the US economy. Regardless of these two pieces of information being released this week, with the Delta variant of COVID-19 looming over the coming Fall and Winter, Gold is a solid investment hedge against the US market.
ENTRY: $3.30
STOP LOSS: $2.50
TP1: $5.75
TP2: $6.50
TP3: $7.50
*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*
*
Inflation is a crook, we've all seen it on the shelves. The notorious inflation hedge Gold is looking to run, and Harmony Gold Mining Company (
HMY) looks primed and ready to make a move on the charts. It currently sits at a support in the $3 range, and could easily make a move depending on inflation news. Two reports are being given this week: US Consumer Price Report (Tue. September 14) & the U.S. Retail Sales Report (Thu. September 16). These two key data collections could show increased consumer prices and lower spending; the former directly affecting the latter. Higher prices for retail goods, among other supply chain issues are a silent killer in the US economy. Regardless of these two pieces of information being released this week, with the Delta variant of COVID-19 looming over the coming Fall and Winter, Gold is a solid investment hedge against the US market.ENTRY: $3.30
STOP LOSS: $2.50
TP1: $5.75
TP2: $6.50
TP3: $7.50
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