November 2021 Market Update: Where Are We Headed?It's been a while since I have made any public posts on the markets, so I thought I would share my outlook.
A lot of people are focusing on inflation, which is a reality. Though, many are forgetting the deflationary spikes and liquidity issues that come as things charge higher.
I think in the Ultra Macro we are in a 1926 or 2006 type situation. Everything is charging higher with gold and silver dead silent.
I really believe metals are going to push higher and never go back to old prices, and that's exactly when the Fed, Commercial banks, and those in power will panic and crush the markets just to pick up the pieces for pennies on the dollar.
This video is long winded, and I still feel like I didn't completely make my points clearly. If you have any questions on my outlook, please leave a comment below!
GOLD-SILVER
Karora Resources nudging up to the highsVox Royalty delivered great Q3 results today, thanks in part to the Karora Resources operations.
TORONTO, CANADA – November 2, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for the three-month period ended September 30, 2021.
Quarterly revenue benefitted from record royalty-linked gold production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret and Mousehollow deposits at Higginsville covered by the Dry Creek royalty and record royalty-linked iron ore production volumes by Mineral Resources Limited (ASX: MIN) at Koolyanobbing, and consistent royalty revenues from each of the Company’s Janet Ivy gold royalty and Brauna diamond royalty. Royalty revenues relative to Q2 2021 were in line in spite of a significant reduction in realised iron ore pricing at Koolyanobbing.
From www.karoraresources.com
HIGGINSVILLE GOLD OPERATIONS OVERVIEW
Owned and operated by Karora Resources since June 10, 2019, the Higginsville Gold Operations ("HGO") is located approximately 75km south of the Beta Hunt Mine in Higginsville, Western Australia.
The operation includes a 1.4Mtpa processing plant, 192 mining tenements including the Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge, and Mount Henry deposits.
HISTORY
Avoca Resources Limited (Avoca) initially purchased the Higginsville exploration assets from Gold Fields in June 2004. The Trident underground deposit, historically the largest deposit at HGO, was discovered by Avoca in 2004 with mining commencing at the deposit in 2007. In April 2007 Avoca raised A$125 million to commission a new process plant facility at Higginsville. In that same year, Avoca purchased the neighboring Chalice deposit from Chalice Gold Mines Limited. Gold production began in 2008 with the first gold pour on July 1, 2008.
Alacer Gold Corporation, a wholly-owned subsidiary of Alacer Gold a company incorporated in Canada, acquired HGO after it merged with Avoca Resources Limited (Avoca) in 2011.
On October 29, 2013, Alacer Gold Corporations completed the sale of its Australian Business Unit, which included HGO and its assets, to Westgold Resources Pty Ltd who was a wholly-owned subsidiary of Metals X Ltd at that time.
In July 2015 Metals X acquired the Mt Henry Gold Project from Panoramic Resources Ltd and Matsa Resources Limited.
On December 1, 2016, Westgold Resources Limited demerged from Metals X Ltd. Avoca remained a subsidiary of Westgold Resources Limited and was part of the resultant demerger.
Karora Resources acquired HGO outright on June 10, 2019, from Westgold Resources Limited.
GEOLOGY
Higginsville is located almost entirely within the well-mineralized Archean Kalgoorlie Terrane, between the gold mining centers of Norseman and Saint Ives. The Archaean stratigraphy has a general northward trend comprising multiply deformed ultramafic – gabbro – basalt successions adjoined by sediments to the west and east. Shearing and faulted contacts are common. The units have been structurally repeated by east over west thrust faulting.
The majority of gold mineralization projects along the Trident line-of-lode and is hosted by Poseidon Gabbro and high MgO dyke complexes. Mineralization is hosted within or marginal to quartz veining and is structurally and lithologically controlled. Higginsville is also host to significant palaeo channel mineralization. Mineralized zones comprise both placer gold, normally near the base of the channel-fill sequences, and chemically-precipitated secondary gold within the channel-fill materials and underlying saprolite. These gold concentrations commonly overlie or are adjacent to, primary mineralized zones within Archaean bedrock.
MINING
Currently, Karora is mining from two open pits at Higginsville: the Baloo and Fairplay North open-pit mines.
MILLING
Processing is conducted through Karora Resources' Higginsville processing plant.
Is the SNP500 ready for another correction?I firmly believe that we should soon see a correction deeper than the one we recently had which began at the start of September.
The chart suggests that after finally breaking out of the bear wedge; which began at the start of the lows of the correction in March 2020, we are now witnessing what looks like to be a retest of that bear wedge.
With the addition of negative weekly RSI divergence this should see some firm movement downwards, below the low recorded in the first week of October.
Hard to see the market giving way to such a huge drop, but the market carrier Tesla is due a correction after extreme growth in the recent weeks.
4hr VIX BowlHere's a potential path ahead for the VIX indicator in the shape of the handle on a cup which began being built back in early May 21' (as shown in the graph below.
$SPX overbought with a strong negative RSI divergence.
My intial target is the 24 - 26.5 range, but if it were to break out I might reassess.
$gold - $silver ratio BT waistline of yuge megaphone, down!Huge make a phone there with gold silver ratio currently back testing it’s waist line which is also the waistline of a channel that is evident on the six monthly candles
If you go to my Twitter then you can see the zoom in the spot where it shows a wedge at that area last in the last several months that is likely to be a very bearish continuation
Dxy Is added as a factor to adjust for currency fluctuationsWe typically cleans up the signal on relevant assets
Great Entry Point for $SVE / $SLVRFSilver One is a very bullish play at this particular time **NOV-21
Multiple headline exploration news aimed towards year end for the Rich Gold / Silver - Copper Cherokee project.
Surface sampling along the Cherokee vein system has returned multiple select surface samples in the 100's g/t silver range, with highs of 954 g/t silver and 4.8% copper at Cherokee, and 1,163 g/t silver and 4.3% copper with strongly elevated gold on the Southeast Cherokee vein (Figure 1 and August 6, 2020 and July 19, 2018 Company news releases).
Silver One Resources is a very leveraged Silver play, the expected returns of this Junior in relation to Silver are as follows:
$22 Silver -> ~0.35
$24 Silver -> ~0.50
$28 Silver -> ~0.80
$35 Silver -> ~1.40
$45 Silver -> ~3.50
$70 Silver -> ~6.00-7.00
silver forming head and shoulder ?! silver do exactly just like my previous analyze (link to the previous idea in description )... for now , i think silver is going to create a nice head and shoulder and after creating the head shoulder we will be buliish on gold and silver but for now i am bearish on both of them
AUDUSD:RETEST TRENDLINE & BREAKOUT FALLING WEDGE, BULLISH BIAS?Hello Enthusiast Forex Traders! Here's short-term outlook for AUDUSD, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
AUDUSD already retested the bullish trendline. Afterwards, AUDUSD is breaking out of the falling wedge pattern. The price action indicates a potental bullish bias ahead to the target area. The MACD crossed above the zero area, it signify the potential bullish trend ahead.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the forex pairs.
Gold Is Looking for a RallyWhen I was recently looking at the gold prices chart from the perspective of the coming months, I saw minor indications that prices may break through the strong resistance around $1800 per ounce. But all major movement start with minor steps. And within the coming week we may get a first clear sign about the rising of gold prices.
If we look closer at the bullion daily price chart, we may find that starting from June prices came up to the resistance, but were never able to breakthrough. Now we have a fifth attempt that may be more successful. This resistance is at $1796-1797 per troy ounce. We may also notice that the gap between these attempts is becoming shorter as the last attempt was recorded on October 14. The line that connects lows of September 8 and September 29, and is located at $1744-1745 per ounce represents the support.
It this resistance is broken through than gold has all the chances for steep growth at the height of the consolidation range that it is now in. And the very closet price gold may reach during this rally is at $1940-1945 or 8% up. The key indicator for this rally would be a trading volume that has to rise significantly compared to the regular trading volume within the current consolidation.
It is worthy to note that the higher the closing of this week is, the more chances we may have for a reversal pattern on the weekly timeframe chart. The intermediate resistance would be at $1833-1837 per ounce, or highs of July and September.
We may have gold outperforming the U.S. stock market. But this would happen only if the inflate stock bubble collapses. For example, during the Great Depression in the 1930s and in times of high inflation during the 1970s, the ratio of gold prices to the Dow Jones index were at 1:1. Today the Dow Jones index is far above this level, at 35,600 points, or over 2000% of gold prices, and with high inflation pressure, it is logical to suggest that the model that we had in the 1970s when gold prices surged and stock market plunged may be repeated. But not only would the bullion benefit in this case, silver and other counter-inflation instrument would also rise in price.
So we may have a clear conclusion that we do not only have technical but fundamental factors for precious metals prices to rise. And it is Important not to miss the signal for the start of this rally.
CADJPY: BREAKOUT CHANNELING, CONFIRMATION OF LONG OPPORTUNITY?Hello Enthusiast Forex Traders! Here's short-term outlook for CADJPY, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
CADJPY is breaking out of the descending broadening wedge pattern. Breakout of descending broadening wedge pattern indicates the possibility of bullish movement. The momentum indicator crossed above the zero area, it signify the potential bullish bias ahead.
The roadmap will be invalid after exceeding the support/target area.
If CADJPY exceeds the support area, there is a probability of corrective movement ahead.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the forex pairs.
The Dollar's last hoorahThis chart shows DXY over an equal weighting of gold + silver + crypto. The idea is that these asset classes could potentially replace the dollar in global reserves, thus weakening the dollar. During a downtrend in the dollar starting in March 2020, we see a channel up in the dollar while alternative assets even sell off during the same period. In this ratio chart, a rising wedge is near it's pinnacle, revealing a continuation in the downward trend for DXY and bullishness for metals and crypto. I expect this chart to fall to around 30 before end of 2022. That is, January levels on DXY around 90.
This chart also shows a bullish case for those alternative assets. Gold and silver just completed an inverted head and shoulders pattern and look ready to start a new bull run. Bitcoin just reached a new ATH.
Gold Under Pressure from Bonds?It appears the US 10 yr is temporarily topped out. With Gold and Silver holding up despite very bearish outlook sentiment, this catalyst could be the final barrier in the way for further upside of PMs. DXY also seems to be breaking down from weekly chart bearish ascending triangle.
*first shared idea… please forgive the lack of technical viewpoint. Just my opinion. Do your own DD, and good luck.
GOLD (XAUUSD) Price Action Analysis & Technical Outlook 🥇
Hey traders,
A lot of questions about Gold.
Analyzing a price action on a daily and following the impulse legs from 1721 September's low
we can derive that the market is trading in a local bullish trend.
With an initial bullish impulse to 1781 and a retracement to 1745
the price managed to set a new higher high higher close then.
Now the area between a current October's high - 1800 & the last higher low - 1745
is a so-called bulls' zone.
Within that entire area, we expect a bullish accumulation & continuation.
Next week look for confirmation within the underlined zone and look for buying opportunities there.
Your initial target will be the retest of the current high.
❤️Please, support this idea with like and comment!❤️
Stonk-Crypto Update (#41) : Big Rotation Coming IMOHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Phil
GOLD: small stopAnd so, GOLD in the near future would maintain a neutral position, it would be in consolidation. The resistance area 1770.658 - 1785.288 would keep the price from going up. It will not be so easy for buyers to punch it.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
AUDJPY: BULLSIH DIVERGENCE, WILL IT BE BULLISH/FALSE BREAK?Hello Enthusiast Forex Traders! Here's short-term outlook for AUDJPY , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
AUDJPY is breaking out of the Falling Wedge Pattern. Breakout of Falling Wedge could indicates the possibility of bullish movement ahead. The momentum indicator creates a bullish divergence, it signify the potential upward movement to the target area.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the forex pairs.
EURUSD: 1.15000 after NFPAnd so, the Euro is trading at 1.15630 ahead of the NFP. Analysts predict a positive NFP for the US dollar. Also, the currency pair remains bearish mood. A scenario is quite possible in which immediately after the release of news data, the price would sharply fall to 1.15000 and, most likely, rebound up again. The price range today is the price area 1.15000 - 1.15890.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.