A Royal Breakout for Royal #Gold $RGLDExpect a royal breakout. Upside target at least $200. That is at least 40% from top range. Probably could happen after presidential election.
NASDAQ:RGLD
Goldstock
TRX Gold Corp: A Golden Future Unveiled in Q1 2024
TRX Gold Corp ( AMEX:TRX ) has recently unveiled its first-quarter results for 2024, today painting a picture of triumph in the competitive world of gold mining. The company's robust performance in terms of operating cash flow, gross profit margins, and expansion plans for the year has positioned it as a shining star in the industry.
Impressive Financial Performance:
TRX Gold's ( AMEX:TRX ) first-quarter results reveal a stellar performance, with the company successfully pouring 4,927 ounces of gold and selling 4,895 ounces. The positive operating cash flow of $5.1 million, coupled with a gross profit of $3.7 million and an impressive margin of 40%, underscores the efficiency and financial acumen of the company's operations. Notably, the Adjusted EBITDA of $2.6 million further adds to the glowing financial picture, showcasing TRX Gold's ability to navigate the complexities of the market with finesse.
Strategic Expansion Plans:
Looking ahead, TRX Gold's optimism for 2024 is palpable, with estimated gold production ranging between 25,000 to 30,000 ounces. The company's commitment to maintaining an average cash cost per ounce between $800 and $900 reflects a dedication to operational efficiency and cost management. The ongoing expansion plans, including the increase in processing capacity to 2,000+ tonnes per day, signify TRX Gold's forward-thinking approach to meeting rising demand and securing long-term growth.
Milestones Achieved:
TRX Gold's expansion project is well underway, with the recent arrival of a new 1,000 tpd ball mill on-site in October 2023. The commencement of earthworks for crucial components such as the ball mill plinth, tank line foundation, and bund wall for additional leach tanks emphasizes the tangible progress the company is making in enhancing its infrastructure. The Buckreef Project, where TRX Gold operates, benefits from full licenses for mining and gold extraction, providing a solid foundation for the company's ambitious plans.
Commitment to Sustainability:
TRX Gold's commitment to sustainable growth in the gold mining industry is evident in its reinvestment in the Buckreef Project. The company's dedication to advancing the mill expansion and constructing an expanded tailings storage facility highlights a responsible and forward-looking approach to environmental stewardship.
Conclusion:
TRX Gold Corp's first-quarter 2024 results showcase not only a successful past but also a promising future. The company's commitment to excellence, coupled with its impressive financial performance and strategic expansion plans, positions it as a frontrunner in the gold mining industry. As TRX Gold continues to shine in the market, investors and industry observers alike can look forward to a golden era of growth and success.
$GLD MASSIVE Weekly Cup and HandleStarting in September of 2011 and the handle starting here on Aug 2020.
selling volume has declined and got a strong bounce off the 158.85 mark and look to be heading up for our third tap or our handle downtrend
When a bullish move occurs the moving averages respond, and the 9MA (white line) on the weekly has curled up nicely with a implied EMA cross over the 50 and 20 EMA (Purple and blue lines)
With metals roaring $GLD has seen some love here in the last few weeks, but as it approaches resistance we have to evaluate volume, and if investors are going to be putting money back in to Gold as market fears increase. More updates coming soon. Video update tomorrow.
SG.C - Deeply oversold gold explorer in prolific Nevada districtSG is oversold but finding support at .18 with MACD curling for a potential bullish cross. Trading at significant discount to recently closed .22 financing. Gap at .36. Highly prospective properties in the world's top mining jurisdiction.
"The Millennium Gold property consists of three State mineral leases and 72 BLM claims totaling 3,408 acres and is in the general vicinity of the Oatman mining district where over 2 million ounces of bonanza-grade gold has been discovered and where Equinox's Castle Mountain open pit gold mine is located."
GGI.V -- Oversold and forgotten high grade Nickel and Gold PlayGGI has hit some rough patches recently but the macro looks very favourable with lots of attention on ethical Nickel, thanks to Tesla Battery Day. The Nickel Mountain Deposit hosts some of the highest grade Nickel on the planet. The head geologist Dr. Peter Lightfoot is one of the top Nickel experts in the world with many mining textbooks to his name. Billionaire Eric Sprott holds 20% of the float.
Few know this but GGI also plans on drilling their high grade Gold property Casper where they reported a discovery early this year.
The stock has not seen a lot of love despite the project getting de-risked and the deposit extended. A death of the helicopter pilot near the site added to the negative sentiment.
GGI is now deeply oversold with strong historical and Fibonacci support at .50. Approaching a 52 week low set during the March market crash. I like the risk/reward at current levels. I am being told that the company is setting up for a marketing push shortly.
GAU looking to break accumulation zone since 5/17. Target $4With the fed printing money from thin air, gold will continue to rise
Here is a buy setup in Northern Star $NSTNorthern Star, one of my favorite Gold stocks to invest in.
I'll be looking to add more on the dip because we can see an ascending triangle forming on the weekly chart.
Due to the current economic situations (COVID 19 and Gold prices going up),
another breakout could be on its way and $NST could set a new all-time high in July or August.
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.
AUY: Another Channel Trading Gold StockSimilar to a few gold stocks , AUY just keeps treading water. I'm looking for these gold names to start moving (in one direction or another at least). If they finally break down, I can stop watching. But something tells me with the slower growth in global economies, it might not be time to ignore gold right now. Obviously we'll see but for the time being, can AUY actually set a firm push above this channel in the near term?
QUOTE:
"Its Jacobina site posted record quarterly production of gold as well as all-time-highs for full-year production. The company will release its full financial results after the market close on February 13 followed by a conference call on February 14. Will this be enough of a carrot to dangle in front of gold-stock investors between now and then?"
QUOTE SOURCE: Are These Gold Stocks Ready To Breakout In January?
So dead cat bounce or was I wrong? $SAR Saracen Mineral Saracen Mineral most likely heading for a green 9 on the 2D chart and this cannot be ignored.
By looking at previous green 9 signals on the TD Sequential, it often show a temporary top before moving higher or lower.
Nothing is certain in the stock market, so here are my two predictions for the next few days/weeks.
1. Red Arrow - We hit resistance starts retracting back to the moving averages or trend line support.
2. Green Arrow - We have "profit taking" for a few days/weeks to create an inverse head and shoulders and then continue to go higher.
So was I wrong about the dead cat bounce or was I correct? let's see.
P.S I am holding this stock.
Descending Triangle breakdown!Price target of 50c. Gold is in a descending triangle as well, so when that dumps don't look down!
EOM!
