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Goldminers

Hummingbird Resources set to bounce from channel's bottomHummingbird Resources LSE:HUM is a gold miner, which stocks are traded on the London Stock Exchange. It benefits from a very low valuation with a PER of less than 4 at the time of publishing. After a lengthy consolidation inside a descending channel the stock price now hits the lower channel's boundary in a super oversold condition. It is time for a bounce in direction of the upper channel boundary, before expecting a channel's break to the upside.
LSE:HUMLong
by ChartsAndTrends
Gold miners arragement Some gold miners operate synchronously. They have been falling since the peak of August. They are quite sensitive to movements in gold prices, maintaining a positive correlation. They are trading below their 200 day simple moving average (undervalued signal). Its last 2 peaks have occurred in the first week of the month, 2 months apart. What is the possibility that another peak occurs in early March? Either everyone goes up or everyone goes down. I get the impression that they are going to rebound at the same time.
AMEX:EQX
by amateur_trad3r
Gold Still Trending Inside Bull FlagGold price has created a descending parallel channel on the chart, and since it occurred after a significant move up it is more commonly referred to as a ‘bull flag’ due to the overall structure of the move resembling that of a pole and flag. The anticipated move here if price can remain inside of the upper half of the bull flag is a continued move higher and a break through and above the upper channel line. Should that happen price will likely march back up to test the recent all-time high made on Aug 10th of $2075/oz, which I’d expect to be taken out and a new all-time high near $2200/oz be made based on other charts that will be shared later with more detailed analysis. Looking back at 2020 gold price performed extremely well, gaining roughly +43% from the March lows near $1450/oz to the August high of $2075/oz. I’d attribute most of those gains to gold being a fear hedge during times of uncertainty in markets, which we saw plenty of in 2020. Gold also by nature performs well when the underlying currency it is priced in is being inflated(money printing). With a new round of $600 checks recently having been sent out by the outgoing administration, and $1400 checks on the way from the incoming administration, gold should continue to outperform over the next few years as stimulus checks and corporate bailouts appear to be the new norm and a necessity for the economy during these unprecedented times. Regardless of the reason, money printing is inherently bullish for gold so physical and mining shares will continue to be a portion of the portfolio.
FX_IDC:XAUUSDLong
by PrepForProfit
GDX continues its original path - DOWN to 30GDX... one of my favouorites, but now is in a major retracement. Again, three out of four factors are not favourable: 1. USD rising 2. Gold bearish 3. Equities Bearish (or soon to be) Only Low Interest Rates are favourable. The weekly chart has a GAP DOWN (ignore the BRB Buy signal for now), and it closed below the weekly 55EMA, which is a significant development. MACD is crossing down soon in bear territory, and the RPM is pushing down again! Shifted downside target to 30, mid Feb 2021.
AMEX:GDXShort
by Auguraltrader
GDX resumes its original pathA month ago, the GDX gapped up above the 55EMA to break a downtrending cycle. But it was not sustainable, as previously observed. This week saw the concomitant plummet, alongside Gold, which closed the previous Gap Up with a Gap Down, bringing the week closure below the 55EMA. This is a failed breakout. Technicals support this bearish turn of events, with the MACD and the Price Momentum crossing down. The drivers for this downside move have been described previously... Target 32-33 in Feb 2021.
AMEX:GDX
by Auguraltrader
1
Equinox Gold setting base for an upward moveI believe Equinox Gold is valued much higher than current stock price, but I'm only following technical analysis here. This trend line has held for 18 months, and the swing gives indication for the volume of the coming upward momentum. I chose 1.382 of the previous swing to determine my target. I'm not confident about the target. I think time analysis will prove better method here. Also, the momentum for a launch upwards has not shown yet. I'm assuming it's going to be in a few weeks. So I'll be updating this as we go along.
AMEX:EQXLong
by TechNerdOmar
Gold Bull Flag Breakout AttemptGold price #xauusd is attempting to break above the upper line of the downtrend channel which would be a bull flag breakout, and the expected result of the bull flag pattern. The next resistance level stems from the local high made in early November at $1,966/oz. The stop-loss level stems from the local low made in early December at $1,763/oz. A break above the red line is bullish, a break below the yellow line is bearish. The Price Percent Oscillator(PPO) shows the green PPO line rolling back up above the 0 level which is bullish as a move belwo the 0 level would indicate a shift to bearish price momentum in the intermediate-term. What we want to see going forward is for the green PPO line to cross back above the purple signal line as this would indicate a shift back to bullish price momentum in the short-term. The PPO indicator is currently reading bullish overall. The Average Directional Index(ADX) shows the green +DI line above the purple -DI line which indicates a postive trend behind price in the short-term. The histogram in teh back round is green and declining which means that the dominant trend(bullish) is weakening. What we want to see going forward is for the green +DI line to remain above the purple -DI line and for the histogram bars in the background to begin rising to indicate a strengthening bull trend. Overall, the ADX is reading bullish. The Traders Dynamic Index(TDI) shows the multi-color RSI line currently green and trending back above the centerline of the Bollinger Bands which indicates that momentum is shifting bullish in the short-term. The TDI background is currently green and filling the 40-80 levels which indicates that price has bullish momentum in the intermediate-term. When the bulk of the RSI action is between the 40-80 levels the overall momentum behind price is considered to be bullish. Overall, gold price is looking good for a re-test of the $2,000/oz level and will more than likely push through it this next time. The most important thing that we learned in 2020 is that there is no limit to the trillions of dollars that will be printed and spent to prop up the stock market. Gold and silver should perform well for the foresseable future because printed money and low interest rates are the only thing keeping the stock market going. Those happen to be two perfect reasons to own precious metals, both physical and stocks.
FX_IDC:XAUUSDLong
by PrepForProfit
GOLD MINERS GDX bearish tonesPlease see Chart... recent minor failures hint of bearish tones, and technicals are crossing down. Overall, the equity markets are pushing higher on air and expecting a serious pullback soon, after a surprise trigger. Gold prices are not moving despite USD weakening... this is bad for Gold, and Gold Miners particularly. Once the USD jumps, and Gold drops, then the Gold Miners will be in double jeopardy. I like GDX, but it is reeking of danger right now. I would be very wary IMHO...
AMEX:GDXShort
by Auguraltrader
4
Almaden Minerals Ltd. - 2020 - Dailly NovemberAlmaden Minerals Ltd. - 2020 - Dailly November As announced on November 18th, the Company discovered several areas of veining cropping out within the SE Alteration Zone of the Ixtaca Project while mapping promising clay alteration in the area. Seventeen samples of the veining were collected and submitted for analysis to ALS Global in Zacatecas, Mexico. All but one sample returned below detection gold and silver, with the exception returning a value of 62 ppb gold. However, even though the outcrops are leached and weathered, many of the samples also returned elevated values for epithermal pathfinder elements which are commonly found in the higher parts of epithermal alteration zones.
TSX:AMMLong
by stratanic
Silver Trend OutlookSilver technicals and structure has an intact bullish makeup The long-term analysis shows that silver has cleared all major resistance and should follow gold to a new all-time high within the next 6-12 months, possibly much faster. The macro fundamentals are supremely bullish: Negative interest rates and the beginning of a global currency war/easing cycle/competition to devalue. Massive fiscal stimulus is on the horizon in the next 3-5 months, and not just in the US. Rest of the world is starting to catchup. The long-term global trend towards electric, clean, and renewable energy and the sheer amount of investment required to change our energy infrastructure will require that silver goes parabolic, along with many other commodities. There's not a lot of silver in the world. New production takes time, cannot happen overnight. A Biden win / blue wave will mean marginally more open global trade, which is bullish commodities. It will also mean something like a green new deal, infrastructure spending, and stimulus that could cause the US economy to overdose. FX_IDC:XAGUSD TVC:SILVER
TVC:SILVERLong
by Ludwig_Von_Mises