Mining on The Run - GPL Looks Good AgainI invested in GPL as it was an essential mining company for precious metals. Considering the price of precious metals are skyrocketing, so are the mining companies stocks. Great Panther silver has recently turned from a down trend to an uptrend. Just waiting on a retest of a trendline or a fib level before I sell some indecisive stocks and place them on GPL.
Goldmining
An Obvious Investment. Profits 100%+.Everyday you hear of recession and taking a quick look at gold stocks, they seem to be the safe haven and profit maker during financial uncertainty. Take a quick look at New Gold during the recession years of 2009-12. Gold stocks rose with the price of gold and this stock under $1 is an absolute must buy.
NGD is in line with its historic lows of 2008 and has only up to go from here. A slowdown is happening, recession is inevitable. Some say that Bitcoin is the answer, but, large investors and institutions will direct their funds from Bitcoin to gold , gold stocks, and precious metal mining stocks. The price of Bitcoin would drop during a recession as investors will seek safe havens. Bitcoin does not have the stability to be considered a safe haven as it can drop 20-40% in a single day. You can rest at night knowing that gold at most falls $40-50 a day, but averages $5-10 swings per day. That is true monetary stability.
- Buy In : $0.90-0.99
- Short Term Target : $1.30 or 30%
- Long Term Target : $7.00 - $10.00 or 600-900%.
The signs are everywhere, the numbers prove it. Most of Europe is in recession. Import/Exports are down. China's GDP is the lowest in 25-years. Brick and Mortar stores are closing faster than ever. Massive restructurings = massive layoffs. This is sounds like 2008 all over again. Be prepared, invest smart.
B2Gold - Huge Volume TodayThe Breakout is confirming as a Trading Range formed with low volumes during the past few weeks.
Following a few weeks of low activity, very-large volumes were registered today.
Price is heading toward the next Resistance of the upper Ranging Channel at $7.8.
This movement could very easily push the price all the way to the next Resistance at $8.0 to a new all-time high.
Support at $7.25 and $7.5
Looking to Short - Technical Analysis of JNUG - Gold MiningIt looks like the tons of volume that entered the market on JNUG last week is the only thing keeping the price afloat. Overall the stock is bearish, dropping from over $100 to single digits.
Short-term, it's getting ready to test the resistance (shown by the horizontal green line. We can see a bullish trend over the last few days, steadily making higher lows. I'm expecting it to continue the downward trend because it's getting close to testing it's previous top, but those who are taking a more optimistic position should at least wait until it closes above the resistance before taking a long position.
Holding my short positions unless the resistance is broken
Prepare to Buy the Dips in Gold & Gold StocksKirkland Lake is down 40% from gold's September high of 1550 yet Gold is pushing $1700. Its down 18% from the market meltdown. I suspect this means that if gold gets sold in the coming crash that the dip in gold and gold mining stocks will be limited not extended. It won't be like 2008.
A 60% correction from September's high puts Kirkland at $20/share. I will be buying that if we even get that low. If we get lower than that consider it a blessing.
Kirkland has some really amazing All-In-Sustaining-Costs to getting gold out of the ground. $2000 - $3000 gold will be incredible for Kirkland lake.
Dow Jones to Gold Ratio - Major Trend Shift UnderwayLook for gold to perform similarly to how it behaved from 2009-2011.
I believe a significant part of gold's bear market from 2011-2015 was due to the world placing trust in the Central Banks and believing the lie that the Central banks had saved the day. That trust is fading quickly, evidenced from gold's move from 1180 to 1700 in the last 15 months. When ZIRP and QE forever becomes a reality gold will already be past $2000/oz and will make up for the years of underperformance.
This is not a pie in the sky prediction, this is real life. Every day the markets are getting closer and closer to fully pricing this reality in.
Lets do a quick comparison.
2008 Crash:
- dollar soared
- stocks fell
- gold fell, and less than stocks
- gold stocks fell worse than US stocks
- Emerging market stocks fell worse than US stocks
2020 Crash so far:
- dollar falling
- stocks falling
- gold holding steady
- gold stocks falling but more relative strength than US stocks
- Emerging markets falling but more relative strength than US stocks
What's different now? The dollar is getting ready for a big fall and the central bank balance sheets are getting ready to explode. 85 DXY wouldn't surprise me in 2020.
USGD.C -- On watch for bounce off 52 wk low (junior gold miner)USGD.C is cheap at $3M mkt cap and tight 60M float. Trading at 52 wk low with solid bid support at this level. Favourable macro (gold), expecting update on its high grade gold Nevada project + upcoming presentations PDAC could fuel the momentum reversal here. Seasonality may come into play as well as this stock tends to be active and have the highest gains in the early to mid spring.
XTT.V -- bullish reversal confirmation (junior gold miner)XTT.V bounced off the recent trading range low (.09) on volume with bullish MACD crossover confirming reversal. Company expects steady news flow from its drilling program over the coming weeks, testing several areas with high grade historical gold hits. Note the up-sloping Accumulation/Distribution indicator, suggesting steady buying pressure over the recent months.
Austral Gold 10 BaggerCheckout my other post for some fundamentals, looking at the long-term chart view of AGLD we can see that a possible bottom has been carved out and is forming a bullish inverse Head and Shoulders pattern. As gold continues to rise, the un-hedged production at Austral will continue to generate cash to fund drilling and acquisitions without dilution. A dropping gold/silver ratio will add value quickly to the paused casposo asset.
I personally expected gold to break $1600 by the end of Q1, it did that by the end of the first week of 2020. With that sort of interest in the metal I would expect gold to trade up into the 1700-1800 zone by year end and possibly even record highs by this time next year.
Austral just posted new drill results 7km from their existing chilean operations. highest section was 19g/t over 1m.
GLTA.
TSXV:AGLD
Austral Gold: Junior's Time to ShineLooking at Junior Gold as the next big market to trade, obviously due to rising gold and silver prices, but I like this company for a few reasons. Obviously being in South America the local currencies are trash (EM FX at record lows) so costs will likely remain low, especially if oil remains relatively cheap. Recently margins have begun to grow due to rising gold and I think there are companies like Austral that are in an interesting position because they are too small to be bought buy the large ETF's due to their purchase rules, yet they are unlocking significant value for shareholders. Currently the company is raising capital for drilling/exploration activities at their existing mines at $0.08 offering only to existing shareholders, so I don't think the dilution will really hit the market.
I think this offers a trade opportunity with an interesting risk/reward profile. As long as this negative-interest bond madness continues we can expect gold to continue rallying higher, which means the margins at the miners will swell! ETF's can't touch these until they get bigger so the time to aquire shares is now before the gold market as a whole is revalued much higher than it is today.
Highlights:
- Existing Guanaco/Amancaya operations providing cashflow near Yamana Gold's El Penon deposits ( June 2019 AISC < $1000, gold at over $1500 currently)
- Exploration potential in both Chile and Argentina (existing reserves assayed at $1300 Gold)
- Rising silver prices while Casposo silver operation on-hold (reserves in ground gaining value)
- Austral can produce lots of silver, meaning a big drop in the gold/silver ratio will leverage the margin expansion faster than gold producers alone.
The company has some debt, which obviously poses a hurdle, but repayments are going well with the recent increased cashflow. Mineral reserves need to expand so expect drilling and associated costs, there is a deal offering to existing shareholders to fund drilling this year.
Looking technically there have been 2 other historic buying opportunities at these levels, and the market seems to be close to a potential breakout of the falling wedge pattern. If you zoom in on the last year the stock has traded in a range and despite the thin volume there is a potential cup + handle formation holding just below the 0.09 level. I'm obviously bullish and have a long position.
Please comment if you have any thoughts on AGD/AGLD. GLTA.
Gold Miners - SPX500 Ratio: Opportunity of a LifetimeAs you should know, ratios are measured from 0-1. The Gold mining sector hit its all-time high in 1984, registering a 0.9 on the ratio.
An individual company can go to zero, but an entire sector like metals cannot unless humanity gets wiped out. The mining sector is the closest to zero it has ever been. The last time it was this low was when gold bottomed in the year 2000 and the ratio bottomed at 0.03. Currently, the ratio sits at 0.025. I couldn't figure out how to make tradingview show additional decimals. In 2011 the ratio hit 0.2. That move from 0.03 to 0.2 from 2000-2011 was a roaring bull market in metals.
In the next chart, I'm going to publish, you will see that not only is the gold mining sector the cheapest it has ever been versus the US stock market, it is also the cheapest it has ever been versus the price of gold itself. For those paying attention, the opportunity in precious metals is right now.
A lot of investors right now are suggesting to sit on cash in preparation to buy a crash. In my opinion, the cash you should be sitting on is metals, not dollars. The mining sector is a long-term hold in my eyes. I also see intermediate profit opportunities in swing trading the metals in the 6-12 month TF.
Overlooked silver explorer-developer with no debtGolden Minerlas Company ($AUMN)
This is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on advancing its El Quevar silver property in Argentina, as well as acquiring and advancing mining properties in Mexico, Nevada and Argentina.
The following is not investment advice, but simply captures my personal observations:
The market seems to have completely forgotten the stock; The most recent seeking alpha articles date back from 2014, for example. Current valuation reflects this, with a face-ripping 99% drawdown from its peak.
Management, however, has invested in expanding the resource base during the depth of the PM bear market, and now just entered in a new JV agreement with the potential to broaden their resource base even further (see: www.marketwatch.com)
That news seems to have sparked a break-out.
Now we see this breakout being backtested. I don't see increased volume, and I suspect silver bugs are mostly overlooking this stock still. Its marketcap is tiny at only 30M, so it won't take much to start making waves and get noticed....
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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Gold and Silver Miner Buying Opportunity At Gold current prices, Spanish Mountain and many other junior miners are severely undervalued.
Merely a move back to previous highs would be significant.
In the event that we see a 1970's or early 2000's style gold rally in the coming decade, junior miners such as Spanish Mountain will perform incredibly. I continue to believe that the gold mining sector has enormous potential that is being overlooked.
I am anticipating more of a pullback in gold, which would coincide with a little more downside in SPAZF. Even if we don't see that pullback, I will continue to dollar-cost-average in SPAZF and other miners for long-term investment.
This is not trading or investing advice, merely educational research. DYODD
BUY GOLD - 1600 SHORT TERM - FRACTAL FIB ANALYSISHAVE A LOOK AT CHART FIB LEVELS. TIME TO BUY GOLD . i'LL SEE YOU AT 1600 USD / 1443 EUR. SEE CHART FOR MORE INFO. ZOOM OUT FOR FRACTAL EXAMPLE.
FX_IDC:XAUUSD FX_IDC:XAUUSD OANDA:XAUEUR FX_IDC:XAUEUR
AMEX:GDX AMEX:GDXJ NYSE:GOLD AMEX:NUGT AMEX:JNUG AMEX:GLD
PLEASE REFER TO MY DECEMBER 28,2018 POST FOR FURTHER VALIDATION.
ALWAYS TRADE AT YOUR OWN RISK.
SUPPORTING INFO FROM PAST CHART POSTINGS.