AXM.V -- $47M mcap play with a proven $900M+ GOLD depositAXM.V should be on the radar of every #gold investor. $47M mcap company with NI-43-101 compliant resource worth $700M+ USD in the Central African Republic and other promising projects in Africa. Rapidly improving security situation and recently announced strategic partner point to a major opportunity, imo.
Bullish MACD cross on the daily chart, bullish RSI/Stochastic following a gap up on the Strategic Partnership LOI announcement. The line "First Strategic Partner" in the latest news release seems to indicate that more material developments are on the way.
Goldstocks
Gold Rising WedgeWeekly rising wedge, strong linear regression uptrend, middle trendline as support line (blue circle) also 50MA may act as support if price falls that far. Rising Wedge is a bearish reversal pattern however this can be also interpreted as an ascending channel. Best to long gold.
BUY GOLD ON 2H CHARTAs a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Not every idea is a valid trade.
This analysis is a trading idea, not a trading signal for you.
My own trend direction estimation, entry point, stop loss and take profit levels are on the chart.
Good Lucks.
SELL GOLD ON HOURLY CHARTGold markets have gone back and forth during the trading session on Wednesday, as we hang around the $1565 level. Nonetheless though, there is a lot of support all the way down to the $1550 level, and of course the markets will continue to pay attention to the FOMC statement and of course the overall interest rate outlook for central banks around the world. Central banks around the world have been rather loose with monetary policy, so that something that you should pay attention to. I believe this will continue to be the way going forward and of course there are a ton of potential issues out there when it comes to the coronavirus and global growth in general. All things being equal, gold should continue to be one of the better performing assets.
GOLDOUTLOOK: BEARISH
In the past few weeks Ounce Gold has been confounding forecasters - and whipsawing short term -Buyers- by rebounding down sharply.
ONS GOLDNASDAQ:XAU
DAILY CHART ONS GOLD GIVES STRONG BEARISH OUTLOOK. TAKING SHORT POSITION MAKES SENSE 2 ME. THIS IS NOT AN INVESTING ADVICE, JUST MY OWN THOUGHTS. PLEASE CONSIDER YOUR RISK AND MARGIN RANGE PROPERLY. GOOD LUCK 2 EVERY1.
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?
Can KGC Break Out Of This Channel?Multiple attempts over the last few weeks but KGC hasn't been able to firmly break up and out of this channel. I get issues with fear versus the market. But when you have a sector performing and a company executing, it doesn't make sense why this couldn't pop. Maybe we need another big global headline? lol IDK
QUOTE
Shares of Kinross Gold ( KGC – Stock Report ) (K) have turned things around at the start of the week. After closing on January 17 at $4.50, the gold stock rallied to highs of more than $4.60 on Tuesday. Toward the end of the week last week, Kinross announced the completion of a previously disclosed acquisition of Chulbatkan from N-Mining Ltd. This is a heap leach development project in Russia. The total purchase price of the buyout was $283 million and allows Kinross to explore drilling programs at the site.
QUOTE SOURCE: Are These Gold Stocks Ready To Breakout In January?
SPOT GOLDFOREXCOM:XAUUSD
ONS GOLD SPOT OUTLOOK: BEARISH
4H CHART HAS STRONG BEARISH LOOK.
TAKING SHORT POSITION MAKES SENSE TO ME.
THIS IS NOT AN INVESTING ADVICE, JUST MY THOUGHTS.
PLEEASE MIND PROPER RISK AND MARGING MANAGEMENT.
GOOD LUCK 2 EVERY1.
NEM critical Technical Level; Can It Hold?Newmont Goldcorp NEM is holding at a critical technical level right now. With this volume, it's hard to ignore. However, make sure to note the strategy the company is taking up right now. Deals and strategic investments. They just threw another $8 out there. This time it was to GTT .
QUOTE
"It’s also important to keep in mind other big deals that the company is part of. Namely, the strategic investment GT received earlier last month. Newmont Goldcorp closed on a C$8.3 million financing with GT Gold. The proceeds are slated for funding “all expenditures up to and including the Saddle North Preliminary Economic Assessment.” The specifics of the deal show Newmont receiving 6,877,199 shares at an average price of $1.20."
QUOTE Source: Top Gold Stocks To Buy Or Avoid After Key Updates
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.
EGO: Best US-Listed Gold Stock To Watch In 2020?It was #2 of the top 4 best gold stocks to watch over the last 52-weeks. But compared to #1, which I wrote about on another board, I think the progress it has shown makes it stand out right now. Increased production, big potential reserves, etc. Something to keep in mind especially if the turmoil continues.
"RBC Capital recently initiated coverage on the gold stock. The firm rated it at “Underperform” and set a $6.50 price target. In November Eldorad updated its reserve and resources statement. This showed total proven and probable reserves of 384 million tons at 1.32 grams per ton of gold, containing 16.4 million ounces. Inferred resources at its combined properties – Perama Hill and Perama South – also increased by just under 760,000 ounces of gold."
Source: What Are The Best Gold Stocks? 4 Names To Know Right Now
SBGL Continues To Boom But Why?I'm not complaining but lower production guidance and analyst downgrades aren't adding up in my opinion. But yet it was the top-performing gold stock over the last 52 weeks. Anyone have more insight on this that I might have missed?
"Furthermore, it guided its full-year U.S. PGM production would come in between 590k-610k. This was actually much lower than it had previously guided. But despite these results, the stock has managed to move even higher...Investec Asset Management Proprietary Limited has increased its total holdings from 4.9599% to 5.3343% of the total issued shares of the Company."
Source: What Are The Best Gold Stocks? 4 Names To Know Right Now
How I executed on a +792 pip Gold trade.I received lotta questions about mastication for the gold trade that I entered back in November on the 25th so here it is.
*This is not financial advice. I am not a licensed financial advisor. Seek a licensed financial advisor before making any investment decisions. I am not responsible for losses or gains that may or may not occur in the marketplace. Forex carries a high level of risk not suitable for all investors.*
*This is not financial advice.
Forex carries a high level of risk not suitable for all investors.*
03:24:51 (UTC)
Sun Jan 5, 2020
YRI : Long SetupThere are 3 reasons why I chose YRI Stock :
I am looking forward to a downward movement in USDCAD . (More explanation on Related Ideas.)
I also follow up the stocks related to the precious metal sector traded in the S&P 500 Index .
I think that precious metals are discounted according to the World indices.This is the most important reason. (More explanation on Related
Ideas.)
Technically, this chart is suitable for long position too.
Parameters
Position Size : I recommend a small portfolio weight just in case.
Risk/Reward Ratio : 1/3.49
Stop-Loss : 4.16
Goal : 6.36
Dead Cat Bounce on 200 MA Saracen Mineral? $SAR Dead Cat Bounce on 200 MA for Saracen Mineral? $SAR
Short term target $3.18.
Strap yourself in OR is going up!The Company recently fired both their CEO and CFO for incompetence and malpractice. The company didn't publicly state so, but it was evident why they left. This company has wrote down recently some of its poor performing mines. I think this company is in a great position for some upside. I could see a return to 16$ in a very near future. (March-June) Great price below 12$, 9$ is even better, but I have my doubts on seeing that in the near term with the gold price starting to rise up again.
