NEM, This High-Potential GOLD-Mine GEM is on My Watchlist!
Updated
Hello There!
Welcome to my new analysis about NEM, the next gold-mine gem I am adding to my current gold-mine gem watchlist. If you like to know the other gold-mine gems I already added to my watchlist please look into the recent ideas I uploaded to my TradingView profile.
In today´s time, there are massive transformational events going on within the whole gold market as there are several factors that lead to these transformational events.
Firstly, the new gold-backed-currency system implementation.
Secondly, the financial market that favors investors' safe heavens assets approved over decades in the past.
Thirdly, the necessity to establish a highly functional technology-supportive market that has been already established in the past.
The most important part is the accelerated implementation of a gold-backed currency system, no matter the size of the economy, it will have several effects.
Firstly, the newly added demand caused by the implementation of a gold-backed currency system is going to increase the activity within gold mines.
Secondly, the newly added demand caused by the implementation of a gold-backed currency system is going to determine a previously untapped supply.
Thirdly, as a result of the massive demand increase this is going to increase the market-cap of gold-mine gems that I have picked in my watchlist by a multiplying factor.
In this case in my analysis, I have detected the most important and worthwhile gems within the whole gold market and gold sector stocks market that can unfold the mentioned potential together with the implementation of a gold-backed currency system and therefore NEM is the next gem on my watchlist.
When looking at my chart, NEM is building this gigantic Ascending-Bull-Flag-Formation with the bullish price-action heavily building up within this gigantic Ascending-Bull-Flag-Formation. Now NEM is already trading above the 35-EMA as well as the 65-EMA with the price action supported by the Major Uptrend-Support-Bounce-Cluster-Channel. Furthermore, this whole uptrend price action setup is supported by this massive bullish Ascending-Trend-Line in which the price action already bounced several times increasing the potential for the next consecutive bounce origins.
Within the next times, NEM is going to move along with the major disruption transformational developments currently ongoing within the gold market and this means that once the further acceleration steps within the implementation of the gold-backed currency system are moving forward this is going to be the origin of the price action of NEM to emerge with the final breakout above the upper boundary of this gigantic Ascending-Bull-Flag-Formation with the setup to emerge above the upper boundary. From there on NEM is going to accelerate the bullish expansions into the upper dimensions and activate the further steps as they are marked in my chart.
Taking all of the factors into consideration now, the next times will be highly determined here. Especially, it will be important that the necessary technology implementation steps are going to be set up appropriately, in the past it has been always evidenced that without the necessary implementation steps, such developments could not reach their full acceleration potential. Therefore, inflation needs to decrease more and an appropriate economic field needs to be built to decrease the inflation because it has to be explicitly said that without inflation and the massive disruptions ongoing, the gold price would have reached a new all-time high already with the rally to continue.
In this manner, thank you everybody for watching my analysis of NEM. Support from your side is greatly appreciated.
VP
Welcome to my new analysis about NEM, the next gold-mine gem I am adding to my current gold-mine gem watchlist. If you like to know the other gold-mine gems I already added to my watchlist please look into the recent ideas I uploaded to my TradingView profile.
In today´s time, there are massive transformational events going on within the whole gold market as there are several factors that lead to these transformational events.
Firstly, the new gold-backed-currency system implementation.
Secondly, the financial market that favors investors' safe heavens assets approved over decades in the past.
Thirdly, the necessity to establish a highly functional technology-supportive market that has been already established in the past.
The most important part is the accelerated implementation of a gold-backed currency system, no matter the size of the economy, it will have several effects.
Firstly, the newly added demand caused by the implementation of a gold-backed currency system is going to increase the activity within gold mines.
Secondly, the newly added demand caused by the implementation of a gold-backed currency system is going to determine a previously untapped supply.
Thirdly, as a result of the massive demand increase this is going to increase the market-cap of gold-mine gems that I have picked in my watchlist by a multiplying factor.
In this case in my analysis, I have detected the most important and worthwhile gems within the whole gold market and gold sector stocks market that can unfold the mentioned potential together with the implementation of a gold-backed currency system and therefore NEM is the next gem on my watchlist.
When looking at my chart, NEM is building this gigantic Ascending-Bull-Flag-Formation with the bullish price-action heavily building up within this gigantic Ascending-Bull-Flag-Formation. Now NEM is already trading above the 35-EMA as well as the 65-EMA with the price action supported by the Major Uptrend-Support-Bounce-Cluster-Channel. Furthermore, this whole uptrend price action setup is supported by this massive bullish Ascending-Trend-Line in which the price action already bounced several times increasing the potential for the next consecutive bounce origins.
Within the next times, NEM is going to move along with the major disruption transformational developments currently ongoing within the gold market and this means that once the further acceleration steps within the implementation of the gold-backed currency system are moving forward this is going to be the origin of the price action of NEM to emerge with the final breakout above the upper boundary of this gigantic Ascending-Bull-Flag-Formation with the setup to emerge above the upper boundary. From there on NEM is going to accelerate the bullish expansions into the upper dimensions and activate the further steps as they are marked in my chart.
Taking all of the factors into consideration now, the next times will be highly determined here. Especially, it will be important that the necessary technology implementation steps are going to be set up appropriately, in the past it has been always evidenced that without the necessary implementation steps, such developments could not reach their full acceleration potential. Therefore, inflation needs to decrease more and an appropriate economic field needs to be built to decrease the inflation because it has to be explicitly said that without inflation and the massive disruptions ongoing, the gold price would have reached a new all-time high already with the rally to continue.
In this manner, thank you everybody for watching my analysis of NEM. Support from your side is greatly appreciated.
VP
Note
Also highly important for the NEM gold-mine stock consideration is the major Millenial Cup Handle Formation within the actual Gold Price-Action:
Note
UPDATE: The implementation of a gold-back currency system is important for three categories of Gold Stocks I detected.1.) Gold Stocks that will emerge with a massive bullish volatility increase no matter the size of the gold-backed currency system implementation.
2.) Gold Stocks that will emerge with a massive bullish volatility increase when the necessary technology and high-tech are backing the gold-backed currency system implementation.
3.) Gold Stocks that will only emerge with a massive bullish volatility increase when the gold-backed currency system is implemented in a big enough economic field together with the necessary technology and high-tech backing.
Note
Today the next stage of the evolution of money is reached, the gold-backed currency system implementation:
Note
UPDATE: NEM is already building up major bullish volume momentum, especially on the local timeframes bouncing in the main supports.NEM is about to form the massive bounce breakout developments especially with further smart money operators volume increasing.
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