BULLISH OUTLOOK STILL PREVAIL ON BRENT OIL, MOVING ABOVE $100?Hello Fellow Commodities Traders!
From technical perspective, UKOIL has broken out of the pennant pattern. The price action also indicated a potential bullish movement on the long run.
All explanation will display on the chart.
*DISCLAIMER:
This isn't a recommendation to buy or sell Brent Oil, only an Outlook from technical perspective.
*FOLLOW and LIKES FOR MORE CONTENTS AND UPDATES*
GOLD-SILVER
GOLD LONG TERMHello everyone,
What I see on the chart is a movement from 1780 to 2074 (294$) (old resistance) and its 61% correction to 1890.
There are some minor resistance ofc but the main resistance is 1965.
If this level breaks what we ganna see is a correction with a double bottom which most likely means a "NEW GOLD HIGH".
If gold breaks the 1965, ı will be watching 2040 - 2074 and 2184.
1811 is the support however I dont think we ganna test there. There is really good strong buyer on the 1890 levels.
Strategy, Support and Resistance 4/10/2022The cryptocurrency rally in Bitcoin, Ethereum, and Solana has stalled but Monero is actually continuing. The stock market this week will open at critical support. There may be one more opportunity to get into the Google and Amazon split rallies before they happen. Gold and Silver bullish breakouts have failed. Oil is sitting at a key support level.
Vox Royalty - Good updateAnother positive update from Vox Royalty Corp. ,
We just need to see the price action reflect the momentum on the ground.
Precious metals are holding up, so producers are able to make more money. Though inflation will hit them with larger CAPEX.
Royalty companies don't bare any of the extra costs but can a slice of the revenues.
Strategy, Support, and Resistance - 4/3/2022The Cryptocurrency rally continues but should you jump in? I have fielded a lot of messages this week that are pure FOMO. I think traders and investors need to be patient going into this week as most cryptocurrencies have now hit a key resistance from this rally. The stock market is also bullish but where to? Has Oil topped out? Will Silver and Gold breakouts continue or have they failed? Are we about to see a run in EV stocks and Pot stocks?
Gold Cup and HandleCurrently a lot is going on in the world thats why i expect a huge rise coming year for precious metals
Since they always held strong during hard times i guess its still seen as a safe heaven.
Thats why i see demand going up and supply going down more eventually.
I believe in the future that crypto will play in this inflation story to.
''Stay safe out there''
Arc in GDXJ / GDX ratio points to junior mining bullmarketIf you make a ratio of Gold Juniors to Gold Majors, you will find that there is an arc in the making since 2010.
It looks like we are about to enter the fun side of the arc, where juniors outperform majors.
This is historically often a sign of liquidity and luster returning to gold, in the form of rising gold prices, and risk securities outperforming.
Got Juniors?
US10Y - Caution highHi everyone,
The chart is valid since 1986 and there is only one person who trades that channel is Warren Buffett. Now its on really good resistance and as you know there is a counter correlation with the 10Y Bond Rates and Commodities (not always ofc, the real interest is also impartant bla bla).
My expectation is that market has priced most of the FED's interest rate decision for the May and June. If quantitative tightening (QT) doesn't kill the markets, I expect the GOLD and SILVER to go higher levels. They also on the support lines. We will see..
BNB Chart with Whole World
SHORTLY;
There is no problem with the market's current situation. Most crypto charts are doing well. I chose to explain it with BNB TA. I don't talk about it for a while. I want to talk with a different perspective and then we can see a lot more for the future.
Again, eyes should be on Asia-Pacific's political events. I want to talk with different perspectives to the whole world.then we can apply it whole market include oil, gold, silver etc.
(China-Taiwan-India-Japan-Australia)
WHY EYES SHOULD BE ON ASIA-PACIFIC?
(with a simple and short way to explain)
Most reports now (and in previously shared reports), say, China's GDP will reach approximately $33-40 Trillion by 2030.
HSBC Long-Term Global GDP Rankings by 2030 (first 3)(which is published September 2018)
-China
-USA
-India
Lowy Institute World GDP Forecast by 2030 (first 3) :
-China
-USA
-India
Standard Chartered Largest Economies by 2030 (first 3)
-China
-USA
-India
etc..
Please scroll up and read results of reports again (first 3) because I think you didn't understand it, yet.
So, I don't believe Pentagon (which annual budget of $752.9 billion in 2022) will let it be. If USA will let it -I think won't- China's Silk Road (which is starts in China to (with Bering Strait) USA, even Africa! you confused, right? Most institutions (and current drawed maps) think this road only starts in China, ended in England-Rotterdam but it's not) take everything on the world..
I end this with a quote "you become what you understand" -Soren Kierkegaard.
Take Care Everyone.
ATTENTION:
This is only my forecast, don't take this as any financial advice, it's just my research and opinion. always do your own research! not financial advice.
WPM: BREAK OUT OF HUGE WEDGEWheaton Precious Metals Corp ., a mining company, primarily sells precious metals in Canada and internationally.
The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 24 operating mining assets and 7 development stage projects.
The Russian invasion of Ukraine has brought some tensions in international markets.
With Russia being a major source of raw materials, metals and other commodities, the Russia-Ukraine crisis could affect the supply of these materials to the world and cause major inflation.
WPM seems to be a good hedge against inflation and market volatility for the following months .
Technically WPM is coming out of a huge wedge and could start a strong uptrend. Risk/reward ratio is good because u can place a stop loss below the breakout level.
All levels/resistances are on the chart.
Trade safe.
CUP & HANDE on GOLD This year has been quite the sell off this year and what’s happening over seas is making a very uncertain market. With news on inflation and stock market getting near very negative territory the flock to gold has been strong. It made a rejection at ATH and made a head and shoulder sell of which made a breather and let interest rates settle in. Now with a cup and handle on the board it could be trying to make its way to all time high again and maybe possibly break through it around 5-15%
Silver cup and handle Silver over all has followed with general respect to and upward trend lately. With people buying gold and silver because house prices going down. Stocks going down. Uncertainty over the next 6-18 months. People do know gold and silver should go up in value. So a lot of eyes has been into those metals.
With that and what looks to be a very nice cup and handle formation. This very well could be an upward moment still for silver.
Vox Royalty Smoothes Out VolatilityHaving multiple royalties within a portfolio means Vox Royalty has enough diversification to clearly smooth out the volatility.
High inflationary environments are great for commodities and equities, but for miners, there is an increase in costs and CapEx. Not so with the royalty company.
Their expenditure doesn't change but they have access to the widening profit margins when each of the producers realise their gains.
TORONTO, ON / ACCESSWIRE / March 8, 2022 / Vox Royalty Corp. (TSX.V:VOX)(VOTCQX:VOX) ("Vox" or the "Company"), a high growth precious metals focused royalty company, is pleased to provide recent development and exploration updates from royalty operating partners Gold Standard Ventures Corp. (TSX:GSV) ("Gold Standard Ventures"), Genesis Minerals Limited (ASX:GMD) ("Genesis"), Develop Global Limited (ASX:DVP) ("Develop"), Norwest Minerals Limited (ASX:NWM) ("Norwest"), and Alamos Gold Inc. (TSX:AGI) ("Alamos").
Spencer Cole, Chief Investment Officer stated: "The past month of royalty operator newsflow includes the exciting release of the South Railroad feasibility study, ongoing exploration success at Sulphur Springs, Puzzle North and Bulgera, capped off by consistent development guidance for Lynn Lake. Each of these projects are being aggressively progressed by well-capitalized operators towards near-term resource updates and development decisions. 2022 continues to be shaping up as a record year for the Vox royalty portfolio based on these developments."
Key Development Updates
Robust feasibility study released for the South Railroad gold project in Nevada by Gold Standard Ventures;
Exceptional drilling results set to underpin growth at Puzzle North gold project by Genesis;
Strong drilling results at the Sulphur Springs copper-zinc project by Develop are likely to result in a significant resource upgrade;
Positive drilling results at the Bulgera gold project by Norwest; and
Significant capital budget planned in 2022 by Alamos for the Lynn Lake (MacLellan) gold project.
South Railroad (Pre-Feasibility) - Robust Feasibility Study Released(1)
Vox holds a 0.633% net smelter return royalty with advance minimum royalty payments over key portions of the South Railroad gold project, which is located in the prolific Carlin Trend of Nevada;
Vox has been receiving advance minimum royalty payments from Gold Standard Ventures since October 2021;
On February 23, 2022, Gold Standard Ventures announced the following feasibility study results:
After-tax IRR of 62% and NPV5 of US$487M at Spot Gold Price (US$1,899.20 per ounce) and after-tax IRR of 44% and NPV5 of US$315M at US$1,650 per ounce gold ("Base Case Gold Price");
Payback of 1.6 years at Spot Gold Price and 1.9 years at Base Case Gold Price;
29% increase in Mineral Reserves to 1.6 million gold ounces;
10.5-year operating life with total gold production of over 1 million ounces, with an average gold production of 152,000 ounces over the first four years;
Launch of construction financing process, targeting 75% from non-equity sources, to be completed this year in advance of final construction permits; and
Orion Mine Finance to provide Gold Standard Ventures with a term sheet of up to $200 million to support the construction of the South Railroad Project.
Vox Management Summary: These compelling feasibility study results closely match Vox management's estimates formed during due diligence for the South Railroad rancher royalty. This high-return project is being fast-tracked towards a first production target in 2024, based on Gold Standard Ventures management guidance.
Kookynie (Pre-Feasibility) - Exceptional Drilling Results at Puzzle North Discovery
Vox holds a A$1/t production royalty on part of the Kookynie gold project(2);
On February 3, 2022, Genesis announced:
Outstanding new results from reverse circulation ("RC") drilling across multiple areas, confirming potential to expand the mineral resource at the Ulysses Gold Project near Leonora in Western Australia;
Broad, high-grade zones of gold mineralisation intersected from shallow depths in RC drilling at the Puzzle North Discovery, including:
21USRC1186: 27m @ 8.18g/t Au from 30m;
21USRC1190: 34m @ 13.36 Au from 42m, including 1m @ 382.6g/t Au from 68m; and
21USRC1192: 29m @ 2.91g/t Au from 52m;
Drilling at Puzzle North has now defined mineralisation over 600m of strike and up to 100m width, with the mineralisation remaining open both at depth and along strike;
Mineralisation at the southern end of the Puzzle pit extended over 200m south with results including:
21USRC1114: 11m @ 2.20g/t Au from 82m;
21USRC1119: 4m @ 9.07g/t Au from 92m;
21USRC1123: 5m @ 5.98g/t Au from 79m; and
21USRC1127: 47m @ 1.07g/t Au from 95m;
A large drilling program is currently being planned for the Puzzle North to Puzzle corridor.
Vox Management Summary: This exciting gold exploration royalty that Vox acquired for less than A$150k in 2020 is being rapidly drilled to include the royalty-linked Puzzle North discovery in an expanded feasibility study at the Ulysses gold project. The potential development timeline for this project from exploration to development continues to exceed Vox management expectations.
Sulphur Springs (Pre-Construction) - Strong Drilling Results Point to Significant Resource Upgrade
Vox holds a A$2/tonne production royalty (capped at A$3.7M) on the Sulphur Springs copper-zinc deposit and an uncapped A$0.80/tonne production royalty on the Kangaroo Caves deposit, which is part of the combined Sulphur Springs project;
On February 10, 2022, Develop announced:
It has now received ~60% of the assays from the A$10M resource infill and exploration drilling program at Sulphur Springs;
The drilling has been highly successful, with numerous high-grade mineralisation intersections of more than 50m, significantly thicker than anticipated and with two of the intercepts being the thickest intersections achieved in the project's history;
The results point to a substantial conversion of Inferred Resources to the higher confidence Indicated Resource classification;
The upgrade in Indicated Resource classification will pave the way for Develop to update reserves, mine development plans, project costings and to finalise funding options;
Exploration drilling has also returned outstanding results, paving the way for an increase to the total resource;
A resource update is scheduled for mid-2022; and
Preparations for construction of the exploration decline are proceeding rapidly with the approval request submitted. This will be pivotal because it will enable drilling to be conducted faster, and cheaper and brings forward capital/access to the underground deposit.
Vox Management Summary: Under the new leadership of Northern Star Resources founder Bill Beament, the Sulphur Springs project is on track to be expanded in resource size and fast-tracked into underground decline development within the next 12 months. This drilling success indicates that the potential economics of this high-grade copper project are improving month to month.
Bulgera (Exploration) - New High-Grade Drilling Results
Vox holds a 1% net smelter return royalty over the Bulgera gold project;
On February 3, 2022, Norwest announced:
The first three of seven diamond drill holes extend new high-grade gold lode to beyond 400m down dip of the shallow Bulgera open pit;
Drill results included:
BDD21003: 11.3m @ 3.25g/t gold from 260m (downhole), including 4m @ 4.5g/t Au from 260m and 3.3m @ 5.3g/t Au from 268m;
BDD21001: 16.5m @ 1.20g/t gold from 128m and 3m @ 4.10g/t gold from 166m;
BDD21002: 6m @ 2.07g/t gold from 195m;
It is sourcing a drill rig to undertake the Phase 2 diamond drill program (targeting March/April 2022) which will test mineralisation to ~700m down-dip of the Bulgera open-pit; and
Norwest's CEO, Mr. Charles Schaus commented: "Assay results from the first 3 diamond holes confirms that strong gold mineralisation extends beyond 400 metres down dip of the shallow Bulgera open pit. Once the gold assays from the remaining 4 diamond holes are received (over the coming weeks), the Company will commence re-modelling the Bulgera gold resources which should add considerably to the current, 94,000-ounce, gold resource reported in April 2020".
Vox Management Summary: Norwest management are now guiding towards a remodelled and expanded resource estimate for the past-producing Bulgera gold project which would increase the value of Vox's royalty. Oxide ore from Bulgera was last processed at the nearby Plutonic gold mine in 2004 and given the haul road remains in place, credible near-term development options are available for Bulgera.
Lynn Lake (MacLellan, Feasibility) - 2022 Capital Budget
Vox holds a 2% gross revenue royalty (post initial capital recovery) on part of the MacLellan deposit at the Lynn Lake gold project;
On February 23, 2022, Alamos announced:
the total capital budget for Lynn Lake in 2022 is US$14M, including US$11M for development activities and US$3M for exploration;
Development activities will be focused on environmental work in support for permitting detailed engineering and other site access upgrades; and
The approval of the Environmental Impact Statement for the project is expected in the second half of 2022, following which Alamos expects to make a construction decision.
Vox Management Summary: Alamos management has been very consistent in guiding towards a 2022 construction decision at Lynn Lake and is currently guiding investors towards 2025 first production in its corporate presentation. Alamos' 2022 capital budget further supports its consistent project development guidance.
Qualified Person
Timothy J. Strong, MIMMM, of Kangari Consulting LLC and a "Qualified Person" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure contained in this press release.
About Vox
Vox is a high growth precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.
Vox Royalty - Genesis Minerals LtdKookynie (Pre-Feasibility) - Exceptional Drilling Results at Puzzle North Discovery
Vox holds a A$1/t production royalty on part of the Kookynie gold project(2);
On February 3, 2022, Genesis announced:
Outstanding new results from reverse circulation ("RC") drilling across multiple areas, confirming potential to expand the mineral resource at the Ulysses Gold Project near Leonora in Western Australia;
Broad, high-grade zones of gold mineralisation intersected from shallow depths in RC drilling at the Puzzle North Discovery, including:
21USRC1186: 27m @ 8.18g/t Au from 30m;
21USRC1190: 34m @ 13.36 Au from 42m, including 1m @ 382.6g/t Au from 68m; and
21USRC1192: 29m @ 2.91g/t Au from 52m;
Drilling at Puzzle North has now defined mineralisation over 600m of strike and up to 100m width, with the mineralisation remaining open both at depth and along strike;
Mineralisation at the southern end of the Puzzle pit extended over 200m south with results including:
21USRC1114: 11m @ 2.20g/t Au from 82m;
21USRC1119: 4m @ 9.07g/t Au from 92m;
21USRC1123: 5m @ 5.98g/t Au from 79m; and
21USRC1127: 47m @ 1.07g/t Au from 95m;
A large drilling program is currently being planned for the Puzzle North to Puzzle corridor.
Vox Management Summary: This exciting gold exploration royalty that Vox acquired for less than A$150k in 2020 is being rapidly drilled to include the royalty-linked Puzzle North discovery in an expanded feasibility study at the Ulysses gold project. The potential development timeline for this project from exploration to development continues to exceed Vox management expectations.