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⛏️ AngloGold Ashanti (AU): A Mining Move! 🌍⛏️📊 Analysis: Strategic Investment: NYSE:AU is making a strategic investment in G2, emphasizing exploration success as a growth driver. Listing Shift: Plans to switch the primary listing from Johannesburg to New York are underway. Major Shareholder: AU aims to be a major shareholder in G2. Cost Management: Commitment to cost management is highlighted. Bullish Sentiment: The analysis expresses a bullish sentiment on AU. Entry Strategy: Consider an entry above the $16.00-$17.00 range. Upside Target: Potential upside target in the $25.00-$26.00 range. 🌐 Note: Stay informed about mining industry trends and any developments in AU's exploration activities.
NYSE:AULong
by Richtv_official
AngloGold Ashanti making Diamonds! - New target to R451.84Diamond Formation (Broadening) has formed on ANG. This is a rare formation that resembles a Diamond. It's also a formation between a tug of war between the Bulls and the Bears, until there is a breakout. Now either I'm a Gold bullion, or intution is just telling me we are in for a breakout to the upside. And funny enough the indicators don't agree as they're mixed. Price >20 Price<200MA Target R451.84 FUNDAMENTALS WHY LOWER INTEREST RATES BOOSTS GOLD: Now before I go I wanted to share my fundamental view on why I think gold is in for upside. And it's because of the idea that the Interest Rates will remain down and even be cut up to 125 BPS. But why would lower interest rates lead to a gold run up? Here is some food for thought. Remember when it comes to interest rate cuts it means the following: Stimulates economic growth This makes borrowing cheaper as interest rates are lower. And it encourages more spending and investments by individuals and businesses. Boosts buying from consumers Also, with low interest rates it entices people to buy more. And this is because the cost of loans drops. This leads to them buying more homes, cars, and other goods. There are other elements, but you get the idea. Now, lets consider why lower interest rates could mean the gold price will rally Reason #1: Lower interest rates and a weaker US dollar helps the gold price When interest rates drop, the yield on bonds and savings accounts typically declines. And a weaker dollar makes gold cheaper for people with other currencies. It's like gold goes on a global sale, and everyone wants a piece! So, this will drive up its demand and the price. Reason #2: Investors get out of low yielding markets and into gold Remember that when interest rates are high, investors move to high yielding markets. They like to keep their money in the banks, bonds, money market or any other high interest savings accounts. But when interest rates drop, investors don’t make much of their money from these assets. And so, they will look to invest in markets like gold, which will drive the price up. Reason #3: The golden safe-haven will prevail! With interest rate cuts, it normally signals signs of economic uncertainty or weakness. And during these times, investors will often seek out safe-haven assets. Gold is a classic example of a safe haven that investors will look to buy. And this golden attraction will help push the price up. We need to wait for the breakout to act though... Until then, we can observe and share our biases.
JSE:ANGLong
by Timonrosso
#AU AngloGold Ashanti bouncing off bottom of flat top triangle?Anglo Gold seems to be morphing in the form of a flat top triangle but it is obviously very early stages. We have a 3 bar hold off the bottom trendline, which have on both prior occasions resulted in a fierce rally in price. Should we start to see follow through on Monday with a push above the 3 day highs then we have a really good chance of going to test the top of the range at R375.00. A break of R375.00 would then confirm the flat top triangle breakout with much higher targets in place.
JSE:ANGLong
by MarcoOlevano
1
Anglo Gold Ashanti - The big bad Vuvuzela A Rare broadening Triangle formation has formed on Anglo Gold. This is a triangle that broadens outwards instead of inwards to the apex. I like to call it a Vuvuzela formation. Now right now the bias is sideways as it needs to break out of the range. However, we can say technically it should break down as the prminent and previous trend was down. But we are talking over 20% crash. And as an optimist with gold it's quite a bearish target to set. Let's see who it plays.
JSE:ANG
by Timonrosso
#STXRES #JSE - Resources bouncing off Long term levelsResource are very likely the place to be over the medium term. Satrix Resources which is a basket of the biggest resource stocks on the JSE is bouncing off a massive level of previous long term support which has now become support (Change of Polarity). This is a great area to accumulate for the long term in my opinion. Will be happy to review after a few months but for now 3x hold of support shows the bulls mean business. Constituents below: ibb.co
JSE:STXRESLong
by MarcoOlevano
Anglo making an unexpected short and downside to come to R337.00Inv C&H has formed on Anglo Gold. 21=7 And seems to be crossing down. Price>200 - This is Bullish but with the price so far away from the MA means, there would be a sling reaction to take the price back down. RSI<50 - Bearish biased. Target is at R337.00 for shorters. THOUGHTS: This was completely unexpecting as the JSE ALSI seems to be heading up. The rand has been weakening with a touch of strength in the last week. This could be one of the linchpins to Anglo Gold's potential fall due to the following: Revenue in Dollars - It's a U.S World!: Anglo Gold, primarily earns its revenue in U.S. dollars because gold is priced and sold globally in dollars. So when the rand strengthens, the revenue drops. Impact of a Strong Rand drops gold sales ouch!: When the rand strengthens against the dollar, it means the same dollar revenue from gold sales converts into fewer rands. Reduced Profitability - Stronger rands - less rev: This currency fluctuation can reduce the company's profitability. As their revenue decreases in rand terms while their costs remain the same or may even increase. Investor Attraction or should we say detraction! : A decrease in profitability can make AngloGold less attractive to investors, affecting demand for their shares. Share Price Drop: If investors find the company less attractive, they may sell their shares or choose not to invest, which can lead to a decrease in the share price. Next analysis I will do is Gold to see what's going on. But yes, I'm definitely short biased.
JSE:ANGShort
by Timonrosso
Massive H&S Pattern on ANGJSE:ANG has formed a massive Head and Shoulders chart pattern starting all the way back in April 2020. The right shoulder is not very big in relation to the left shoulder, and the uptrend leading up to the formation wasn't extremely significant, so I wouldn't be surprised if it doesn't make it all the way to it's target but I think we could definitely see a downward move to the previous significant support level at around 30000 if it breaks through the neckline and confirms the pattern. If it breaks through the support level at 30000, we could possibly see a move down to the target, but I feel that is quite unlikely.
JSE:ANGShort
by RossLarter
2
ANGLO PLATINUM LIMITED (AMS) LONG (TRADE OF THE WEEK!!!)This is undoubtedly the trade of the week, or rather following week (considering the fact that the markets are now closed at the time of writing). The stock price has been parabolic to the upside and you would feel your stomach churn if you thought of where to enter and where to put a stop loss. But I will not be providing you with a sense of safety as trading is always a risky game. However, I have identified 150 000 as a good target to take your “profits” should they present themselves. It would be fair enough to lock in some profits by moving your stop loss to this level if the buyers push the price to this point. You can never be too careful in this South African market in light of what just happened to Telkom shares. Telkom is starting to turn into another Steinhoff if you know what I mean. The bears in this market can maul your account and you could kiss your retirement portfolio goodbye. If you are buying Telkom, then definitely you are catching a falling knife both literally and figuratively. Back to Anglo Platinum, be careful of those douche bags holding dozens of shares who might just dump their stakes to make their “killing” and leave you capitulated. Also, you might just want to keep tabs on earnings report because from what I read, Telkom’s earnings were a flop and, yes, their failure to acquire Cell C also contributed to the massive sell-off. Buy: Now!!! Yes, the price has already rejected the inner trendline on the 4-hour chart and formed two bullish candles. A stop-loss is a definite must in these parabolic stock markets, but make sure you give your trade enough room to breathe. I would suggest a stop-loss below the 126572 price level, which is the previous low. I am personally going to try to enter this trade at market open on Monday. Yeah, after I missed that Capitec rally, trust me I am not going to a good moves like this again.
JSE:AMSLong
by munyaelliott
1