GOLD MINERS GDX - 4 Years of pain?A inverse #HVF appears to be in progress on the #GDX
@TheCryptoSniper
Coincides with a probability that gold has put in a major secular top being pushed down by positive real rate environment.
Goldminer
NEWMONT Mining Showing weaknessIs Newmont mining telling us that gold is about to correct more or is this isolated to the miners?
This leading gold miner could be signaling headwinds for miners.
We have seen Gold outperform miners which tells us that this move in gold is likely from the banking crisis...fear.
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.
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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.
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.
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.
Ultra low market cap high grade Gold juniorMGI reported high grade Gold intercepts of 3.47 m of 13.90 g/t and 9.30 m of 4.51 g/t and appears to be mispriced at $1.8M market cap. Comparables trade at multiples more.
Not looking good for junior gold minersSupport at 37.21 was broken w/c 2nd August and then was retested w/c 31 August, and went down from there. A good example of support becoming resistance. Not good for the bulls and bearish for now. Also price is below the 200 EMA.
Gold making reversal direction to Long?GOLD structure showing price to break supply zone. At the same time we can see divergence signal was occurred.
Taking Long position on 2 demand zone. Going to cutloss if price break previous Low.
GOLD Scalp short Swing LongGold structure currently taking short at lower timeframe.
Still aiming Long until end of week.
Gold scalping shortPossibility for price to break top after sideway(m5) to take order at 1991.50-1993.50
GDX Failed attempt to rally - more downside riskExplained in the charts.
GDX is in trouble after a failed rally.
More downside. Caveat Emptor.
Long Gold Miner NUGTMid Bull run pullback
Entry Price 61.5
Stop loss 57
Profit taking 75
Time Frame 3-4 week.
This is catching dropping sword so have stomach for some initial loss. I don't know where is the real bottom but we should be close. Also, note for the volatility will be huge.
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
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!
Spanish Mountain BreakoutSpanish Mountain Gold has broken out following a consolidation period. Their ongoing feasibility study with a combined rising gold price environment should lead to intense gains.
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.
The gold reset we've been waiting forAgain, I am very bullish for gold long-term but things were getting crazy. Too much distance between price and mean, too over-bought, and (of course) the parabolic shape GLD and SLV began taking. Today is not a suprise and I expect the bleeding to continue. An amazing buying opportunity awaits us but we will need to be patient!!
LGD - Small Miner with PotentialThis is a Katusa pick, but it is showing some breakout. Track accordingly I will buy below the trend line as gold stays macro positive.
Gold Miner. Long Descending Channel Wonder if the 21MA and 200MA will cross in this critical moment of time we are in now and if EGO still has the boom it had in 2008-2010...
CDE - attractive entryNYSE:CDE is one of the most volatile ideas in the gold mining space. So if enetered correctly it offers relatively quick and attractive rewards.
Currently idea is retesting major support level, through which it broken up in early November. And if uptrend is to continue in this miner, should not go much lower than current spot.
I am entering with idea to hold it as potential long term holding.
Trans-Siberian Gold - Breaking from a wedgeBuy Trans-Siberian Gold (TSG.L)
Trans-Siberian Gold plc is a United Kingdom-based resource company engaged in acquiring and developing a portfolio of gold mining assets in Russia. The Company's subsidiary, ZAO Trevozhnoye Zarevo (TZ), holds approximately 20 square kilometers of mining license in the southern part of the Kamchatka peninsula, including the Asacha gold deposit, an epithermal gold/silver deposit located on a tertiary volcanic arc typical of ore systems found along the Pacific Rim. The main ore zone at Asacha consists of approximately five steeply dipping veins with over two principal veins averaging over two meters in width.
Market Cap: £90.21Million
The Trans-Siberian share price has been steadily increasing since the beginning of 2019. The shares reached new all-time highs at 133p before correcting sharply. The corrective move lower has stalled around the 50% Fibonacci level at 90.5p. The consolidation has formed a wedge on the daily chart, which has now broken to the upside. We believe this could lead to continuation higher in the short to medium term.
Stop: 90p
Target 1: 133p
Target 2: 150p
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Pan African Resources - Digging for goldBuy Pan African Resources (PAF.L)
Pan African Resources PLC is a precious metals producer engaged in mining. The Company operates through six segments: Barberton Mines, located in Barberton South Africa, derives revenue from sale of gold to South African financial institutions; Evander Gold Mining Proprietary Limited and Evander Gold Mines Limited (collectively known as Evander Mines), located in Evander South Africa, derives revenue from sale of gold to South African financial institutions; Phoenix Platinum, located in North West province in South Africa, derives revenue from sale of platinum group element concentrate to Western Platinum Limited.
Market Cap: £224.46Million
Pan African Resources is trading in a sequence of higher highs and higher lows since July 2018. The shares topped out in August at 14.7p and have since corrected sharply lower. The correct move has stalled just in front of the 61.8% Fibonacci support level at 10.86p and now appears to be forming a wedge pattern. The move above resistance at 11.76p has confirmed the break of the wedge, which we believe could lead to more upside in the short to medium term.
Stop: 10.7p
Target 1: 14.7p
Target 2: 17.5p
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