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Goldminer

GDX - Gold Miners ETF: Inverse Head & shouldersGold prices have surged to unprecedented levels in light of recent trade policy changes. The announcement by US President Donald Trump regarding a new 25% tariff on essential imports such as cars, semiconductors, and pharmaceuticals has created a wave of uncertainty among investors. This risk-off sentiment has driven many to seek refuge in safe-haven assets like gold. Nevertheless, this upward momentum may encounter challenges if a trade agreement with China comes to fruition. A successful deal could alleviate global trade tensions, leading to a decrease in gold demand and possibly resulting in selling pressure. However sustained high bullion prices could prove to be a significant advantage for gold miners. The GDX ETF is showing a persistent inverse head and shoulders pattern, indicating potential for further gains.
AMEX:GDXLong
by BallaJi
Elliott Wave View: Gold Miners ETF (GDX) Impulse Rally ProgressShort Term Elliott Wave View in Gold Miners ETF (GDX) suggests rally from 12.30.2024 low is in progress as an impulse. Up from 12.30.2024 low, wave 1 ended at 38.2 and dips in wave 2 ended at 36.84. Internal subdivision of wave 2 unfolded as a zigzag Elliott Wave structure. Down from wave 1, wave ((a)) ended at 37.31 and wave ((b)) ended at 37.95. Wave ((c)) lower ended at 36.83 which completed wave 2 in higher degree. The ETF has extended higher in wave 3 with subdivision as a 5 waves with extension (a nesting impulse). Up from wave 2, wave ((i)) ended at 38.16 and pullback in wave ((ii)) ended at 36.84. The ETF extended higher in wave (i) towards 39.73 and pullback in wave (ii) ended at 38.14. Up from there, wave i ended at 39.92 and wave ii ended at 39.24. Wave iii higher ended at 41.53 and pullback in wave iv ended at 40.80. Expect the ETF to end wave v of (iii), then it should pullback in wave (iv) before higher again. Near term, pullback should find support in 3, 7, or 11 swing against 36.83 low for further upside.
AMEX:GDX
by Elliottwave-Forecast
2
Assets are worth 2x the market cap (holds 46.7M shares of NFG)PALI market cap is $125M. Holds 46.7M shares of NFG, currently worth $230M + other assets. ----------------------------------------------------------------------------------------------- PALISADES ANNOUNCES HIGH-GRADE GOLD ZONE DISCOVERY BY NEW FOUND GOLD, INTERCEPTING 72.2 G/T AU OVER 9.65M VANCOUVER, BC, March 1, 2023 /CNW/ - Palisades Goldcorp Ltd. (TSXV: PALI) ("Palisades" or the "Company") today announced that New Found Gold Corp. ("New Found"), a significant equity investee of Palisades within the meaning of applicable Canadian securities legislation, has announced the discovery of Iceberg, a high-grade zone located 300m northeast of Keats Main along the highly prospective Appleton Fault Zone ("AFZ"). New Found's 100%-owned Queensway project comprises a 1,650km2 area, accessible via the Trans-Canada Highway, 15km west of Gander, Newfoundland and Labrador.
TSXV:PALILong
by wealth_bakery
Strong assays; Falling Wedge breakout; bullish GoldEndurance Reports Results at Southeast Eagle - 139.9m of 3.05gpt Au including 12.9m of 12.85gpt Au & 11.8m of 6.21gpt Au Vancouver, British Columbia--(Newsfile Corp. - January 12, 2023) - Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) (the "Company") is pleased to report assay results from the 2022 diamond drilling program at its Reliance Gold Property (the "Property") in southern British Columbia. The road accessible property is located 4 kilometres ("km") east of the village of Gold Bridge, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced over 4 million ounces of gold. During the 2022 field season, the Company completed thirty-eight (38) diamond drill holes for 8,274 metres ("m") and thirty-three (33) reverse-circulation drill holes for 2,455 m.
TSXV:EDGLong
by wealth_bakery
Greenwashing Can Only Take You So FarSibanye-Stillwater follows a number of broader correlations. Platinum, palladium, gold, gold miners, the SA40. But until now nobody has mentioned that--because of its earnings misses lately-- perhaps the market is pricing in SSW's overextended battery metals M&A strategy. Will they ever make money on their new lithium acquisitions? Is SSW even making money in its catalytic converter recycling segment? It is the largest such company in the world, so it's worth asking. In the short term macro, global electric vehicle production is going to slow; I don't see how SSW will profit from this in the near term. Now to the technicals of my bearish bet. Breakdown from a Rising Wedge has formed into a Head & Shoulders with the second shoulder rejecting back under the 200 Exponential Moving Average after a notable increase in selling volume. Panning out on the longer term, this is a rejection from previous support of the topping structure. I do not believe that this is a breakout from an Inverse H&S nor a base breakout + retest move. I believe SSW has topped and will continue to move lower.
JSE:SSWShort
by sdeutsch95
1
NEM : RESET / POSITION TRADE / HEDGENewmont Mining just came off a record quarter in Q3 with free cash flow of ~$1.3 billion, and increased its dividend by 60% to $1.60 per share annually. Despite these bullish developments, the stock has slumped with the rest of the sector, down more than 20% from its August highs. This correction has left the stock trading below 13x FY2021 annual EPS estimates, with a dividend that's 70% higher than that of the S&P 500. Therefore, if we see any further weakness below $57.25, I would view this as a low-risk buying opportunity for long-term investors looking for steady free cash flow and yield. seekingalpha.com
NYSE:NEMLong
by TradingMavericks
PVGThe green long-term channel started to appear around mid of July of 2016 by price hitting the top of the channel! During the Covid19 Pandemic we observed a fake breakout but everything gone normal after first months! 15th of Sep the price touch top of the channel and started to fall! the red bearish trendline is broken and we are currently in pullback to the Broken trend line! reactions to mid of the channel is not rare but they are not strong! considering volumes, it seems market is waiting for 5th of may to observe the earnings and lower volumes in lower prices is not a good news for buyers! If we are in the second Elliot wave we wont goes up more than the 11.73, but only "time" could clarify the best next move! Right now for those owning some shares, my suggestion is to be a holder! until the Short-term channel is perfectly broken down or the long-term channel is touched you, then better to sell! If you don't have any shares and you are a risk taker! you can buy tomorrow or right now! and if your strategy is safer wait to see if the price break the 11.73 level perfectly or not!
PLong
by AliSignals
LONG MUXA pure speculative play (companies operating efficiencies aren't the best) that has a return potential of 5X+. The long term chart (going back to the 80's!) looks primed to explode if all the 30 & 10 year descending trend lines get taken out, as well as the golden cross & the inverse H & S as noted in HI_DUTENGIN's post. The fundamentals of the company are OK (fairly strong balance sheet) & with the current macro outlook as well as the precious metals space in the first inning of its bull market, as well as how underexposed global investors are to the mining industry relative to history, this name with a relatively low market cap could absolutely rip (as seen in previous PM bull markets) on the back of big money getting into the space. Wouldn't hurt to allocate >1% of portfolio to this name (essentially a call option on the miners without the decay). PURE SPECULATION, macro fundamentals will be the wind at your back and will more likely be a inflows story with money chasing miners, rather than the company becoming profitable again.
NYSE:MUXLong
by cduxtrades