Metal
Franco Nevada - Bullish Breakout TradeStrong Financial Position
No debt and $1.6 billion in available capital as at September 30, 2021
Generated $206.9 million in operating cash flow for the quarter
Quarterly dividend of $0.30/share
Sector-Leading ESG
Ranked #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG
Committed to the World Gold Council's "Responsible Gold Mining Principles"
Partnering with our operators on community and ESG initiatives
Goal of 40% diverse representation at the Board and top leadership levels
Diverse, Long-Life Portfolio
Most diverse royalty and streaming portfolio by asset, operator and country
Core assets outperforming since time of acquisition
Growth in long-life reserves
Growth and Optionality
Acquisitions, mine expansions and new mines driving growth
10.1 million ounce increase in Measured and Indicated Mineral Resources at Detour Lake
Long-term options in gold, copper and nickel
Noront consolidation likely to accelerate development of Ring of Fire properties
39.78x Price to Earnings (PE) ratio = too much
FNV (CA$178.55) is trading above estimated fair value (CA$144.54)
Technicals
Found decent support and has carved out a bull flag. If we get decent volume on a breakout to the upside , the fib extension targets are the most logical levels to look for.
GOLD's next 1 month of prediction that is so complicatedGold might be flowing in a range for few weeks. The range/ consolidation moves tend to oscillate between supports and resistances. This time it has reached so strong resistance which can push the price lower. That might result high demand on gold globally for a while.
Your last chance for the most undervalued metal.I said this at the bottom of the head as well. This is probably the lowest we'll ever see silver again. The upside to silver is extreme, even if we only return to the natural ratio in the ground of 1:19 gold to silver. The gold price is around $1760, which means the harmonic price for silver would be $92. Demand for the metal is increasing, while miners are barely covering costs at current prices.
If you look at ratios SILVER/VAW, SILVER/USOIL, SILVER/SPY, SILVER/METAL, etc. you will see that silver is at a historic low. It's my best guess that we will complete the head and shoulders and see much higher prices before the end of 2022.
Enjoy.
Silver: Perfect Hit! 💯💯💯The silver price hit the target of the countermovement at $24.54 perfectly. Now, in order to also continue this perfect movement, it needs to fall. Overall, the price should approach areas below $18.82. Another increase has a probability of 35% and would need the silver price to surge past $24.94 to realize.
Happy weekend!
GOLD sell confirmationVery clearly on the Weekly time frame, the Gold price is already below the cloud Ichimoku Kinko Hyo (Red), below the Supply Zone and this all indicates a strong decline, coupled with the RSI indicator which shows a decline as well. And my estimate Gold will continue to decline in the medium to long term.