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GDX - the beginning of the endThe GDX Gold Miners is one of my personal favourite, and I have had been following it closely over the last couple of years. Since August 2020, where 95% of position was cleared, there was hardly any sustainable long term rally, albeit the March to June 2021 rally that I actually missed. Since then, it pulled back, and is about to revisit the last major lows. This is the beginning of the end... as in, the bearishness is ending. Now, this could take months to pan out and perhaps about 5% downside risk to go. The daily chart had prices at a lower range having gapped down early in the week. Unlike equities, the recovery was mild, if at all, with Friday gapping down instead. In the form of a megaphone, the range is now going to widen, but am expecting more downside to the target of about 31.50-32.00. Technicals support the weakness, albeit not extremely weak... just not strong. Looking for a higher low, with MACD bullish divergence in the month to come. Would not be surprised if it breaks down of the megaphone and then breaks back in again to be super bullish. Until then... I am sitting on my hands.
AMEX:GDX
by Auguraltrader
3
Inflation surprise + no Fed policy change = GoldGold has jumped above its exponential moving averages on both the daily and weekly charts after inflation numbers came in red-hot yesterday and today. Despite the hot inflation numbers, Federal Reserve chairman Jay Powell signaled this morning that the Fed will stay the course on easy monetary policy and still expects inflation to be temporary. That means that more inflation surprises could lay ahead, and traders may look to inflation hedges like TIPS, crypto, and gold. All three popped today, with the iShares TIPS bond ETF making a new all-time high. Gold's got potentially a lot of upside in the horizontal channel here. Note that August tends to be seasonally the strongest month for gold, perhaps because traders rotate to the relative safety of gold as a hedge against the weakest months of the year for stocks (August and September). I also like gold miners right now, with the P/E on GDX at about 17 and the P/FCF at just over 8 making this a relatively inexpensive sector. I will say as a caveat that this is not a high-conviction trade for me, so I'm not going in very heavy. I've been a little underwhelmed by the intraday price action lately, with lots of strong opens and weak closes. But given the news headlines and the seasonality here, I've decided it's worth taking a position.
AMEX:GLDLong
by ChristopherCarrollSmith
3
VOX Royalty - Gold revenueVox Royalty Corp (CVE:VOX) (OTCMKTS:VOXCF) has noted that its royalty partner Thor Explorations Ltd (CVE:THX) (LON:THX) (OTCMKTS:THXPF) (FRA:T2X) has begun commissioning its gold processing plant at the Segilola gold project in Nigeria and will pour the first gold bar there before the end of the month. Vox Royalty, which has a 1.5% net smelter return (NSR) royalty on all products mined from the property, estimates it will receive pre-tax royalty revenues of C$4.4 million within the first two full years of production. "Based on production guidance from Thor, we expect that this royalty has the potential to generate revenue almost five times Vox's initial investment of C$900,000 within a span of three years,” Vox Royalty executive vice president of corporate development Simon Cooper said in a statement.
TSXV:THX
by TH_Analysis
$1800 for Gold could be major support$1800 for the gold bugs seems to be a Goldilocks number. Recent support has been tested several times but a break out from the recent downtrend at first looked like a false breakout. If we were to take that swing high on this latest bullish move, the consensus target of $2000 should be easily met, even $2100 is doable. For the likes of a royalty company the fluctuations in the metals is less relevant but a higher precious metal market does bring outside interest back into these assets, so the likes of Vox Royalty will be benefiting from the current appreciation in the yellow metal. They both have shown a swing low buy the dip from mid-June, so some correlation currently on show.
TVC:GOLD
by TH_Analysis
VOX Royalty up 13% since Mid-JuneVox Royalty (CVE:VOX) has been down despite a constant news flow including, entering into binding agreements to purchase a 0.633% net smelter returns royalty and associated advance minimum royalty payments of over C$120,000 per annum on part of Gold Standard Ventures Corp's (CVE.GSV) Railroad-Pinion Gold Project, located on the prolific Carlin Trend in Elko County, Nevada, for US$1,980,000. The price action over the last few days has been positive and is opening up the possibility of further gains as technically we're entering into higher highs and higher lows
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by TH_Analysis
Recent News Flow - Vox Royalty The Silicon Review "The company is currently evaluating more than $500 million in royalty deals and should continue to lead the industry in growth as it has for the last two years." Electric Royalties Ltd. TORONTO, CANADA – July 5, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”) is pleased to announce that it has entered into definitive transaction documentation with Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties”) for Electric Royalties to acquire a portfolio of two graphite royalties from Vox for C$2,850,000 in shares of Electric Royalties and a C$50,000 cash non-refundable exclusivity payment (the “Transaction”), as announced in a prior press release dated May 18, 2021. Vox has now closed above the 2.56 level and is showing strength with daily swing of higher highs and higher lows. When the share price closes above the 2.88 level, the corrective cycle will have a higher probability of returning to an impulsive move higher.
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by TH_Analysis
A Turn in the Platinum Miners? Part 2 - NHMGiven the weakness in the platinum miners and resource stocks in general in the last few weeks, it takes some bravery/optimism/fondness for punishment to start nibbling at long positions. Some resource stocks, and platinum miners in particular, are tilting bullish. Same as the related idea on JSE:IMP , with JSE:NHM : - Golden cross & bullish confirmation on 1D MACD - Start of bullish divergence on weekly MACD - On Weekly: Crossed 5EMA and heading towards 15EMA - On Daily: Crossed 5EMA & 15EMA, and 5EMA is threatening 15EMA cross. What do you think - bottom in? Looks like a reasonable risk reward trade if you keep your stops tight. I'm looking to enter at R226 (i.e. waiting for slightly more directional confirmation before entering) with a stop at R217, target R253 ... 3:1 UC
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by unclecool787
A Turn in the Platinum Miners? Part 1 - IMP JSE:IMP Given the weakness in the platinum miners and resource stocks in general in the last few weeks, it takes some bravery/optimism/fondness for punishment to start nibbling at long positions. Some resource stocks, and platinum miners in particular, are tilting bullish. on JSE:IMP : - Golden cross & bullish confirmation on 1D MACD - Bullish divergence on weekly MACD - On Weekly: Crossed 5EMA and heading towards 15EMA - On Daily: Crossed 5EMA & 15EMA, and 5EMA is threatening 15EMA cross. What do you think - bottom in? Looks like a reasonable risk reward trade if you keep your stops tight. I'm looking to enter at R246 with a stop at R239, target R271 ... 3.5:1 UC
JSE:IMP
by unclecool787
6
BTC lost over $60 Billion mkt cap in 24 hours- China's crackdownAny feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :) Quick glance: As of now, BTCUSD seems to be on under massive selling pressure Traders are looking closely at the $30k level. Our previous analysis on BTCUSD correctly predicted the slippery slope BTC was at, and should the support be broken, there could be a massive downtrend. Market in the last 24hrs China's regulations on Bitcoin miners seem to have a major toll on the entire crypto spectrum. BTC is under serious selling pressure. Today’s Trend analysis Three black crows is a major bearish pattern, formed by three adjacent candles. This pattern is usually a reliable confirmation of the bear market, wherein each candle closes below the previous candle. As of now, $30k mark would a strong psychological support zone for BTCUSD. Price volatility remained extremely high at approximately 12.8%, with the day's range between $31700.00 — $35763.80. Price at the time of publishing: $32535.84 BTC's market cap: $610.85 Billion Out of 11 Oscillator indicators, 6 are neutral, and 1 indicates to a bearish outlook, and 4 point to a 'BUY' signal. Out of 15 Moving average indicators, 13 indicate a bearish outlook, 1 is 'NEUTRAL' and 1 gives out a bullish view. Indicator summary is giving a 'SELL' signal on BTCUSD . Volumes have remained high in the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
COINBASE:BTCUSDShort
by Mudrex
11
Ivanhoe Mines - Minimum Retracement Almost ReachedInternational mining consultant Wood Mackenzie has ranked the Kamoa-Kakula Copper Project as the world's fourth-largest copper discovery, with copper grades that are the highest by a wide margin of the world's top 10 copper deposits. The company has 3 principal projects in Southern Africa: the development of new mines at the Kamoa-Kakula copper discoveries in the Democratic Republic of Congo (DRC) and the Platreef palladium-platinum-nickel-copper-rhodium-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the DRC. Friedland is executive co-chairman. For more than 25 years, Friedland has been recognized by leaders of the international financial sector and mineral resource industries as an entrepreneurial explorer, technology innovator and company builder. He has successfully developed a portfolio of respected public and private companies whose initiatives have led to several of the world’s most significant mineral discoveries and mine developments, applications of disruptive technologies and contributions to significant economic growth in established and emerging markets in the Asia Pacific Region, Southern Africa and the Americas.
TSX:IVNLong
by Lahbabi
2
Asante Gold Corporation - 2021 - H4Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9/U.S.OTC:ASGOF) About Asante Gold Corporation Asante has announced plans to co-list its shares on the Ghana Stock Exchange, and is sourcing funding to develop its Kubi Gold Mine project to production. Asante is also exploring its’ Keyhole Project, Fahiakoba and Betenase concessions/options for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle. report that it has received notice from the Minerals Commission of Ghana that eight highly prospective concessions covering approximately 314 km2 have been recommended for transfer to Asante. These licenses are comprised of the Diaso (104.1km2), Juabo (59.2 km2), Manhia (18.69km2), Dunkwa Gyimigya (32.72km2), Gyimigya (5.52km2), Agyaka Manso (40.0km2), Amuabaka (28.86km2) and Nkronua-Atifi (24.97km2) prospecting licenses (PL’s). All licenses are being acquired, on an as issued by the Minerals Commission basis, from Goknet Mining Company Limited (the “Vendor”) pursuant to the terms of agreement with Goknet dated December 28, 2016.
CSE:ASELong
by stratanic
Maple Gold Mines - 2021 - Dailybout Maple Gold Maple Gold Mines Ltd. is a Canadian advanced exploration company in a 50/50 joint venture with Agnico Eagle Mines Limited to jointly advance the district-scale Douay and Joutel gold projects located in Quebec's prolific Abitibi Greenstone Gold Belt. The projects benefits from exceptional infrastructure access and boasts ~400 km2 of highly prospective ground including an established gold resource (RPA 2019) that holds significant expansion potential as well as the past-producing Telbel mine.
TSXV:MGMLong
by stratanic
VOX HighlightsFirst Quarter 2021 Highlights • Record revenue of $539,980 and gross profit of $479,271 reported for the quarter, with inaugural revenues received from the Koolyanobbing royalty; • Increased producing royalty asset count from one asset at May 2020 listing to four assets by Q1 2021 quarter-end; • Strong balance sheet position at period end, including cash on hand of $10,723,135, working capital of $9,117,150 and total assets of $29,024,889; • Completed three portfolio transactions to acquire an additional ten royalties, reaching a total critical mass of 50 royalties and streams; • Completed an overnight marketed public offering for aggregate gross proceeds of C$16.85M; • Subsequent to March 31, 2021: - Announced a strategic partnership with Electric Royalties Limited (TSX-V: ELEC) and the potential divestment of two non-core graphite royalties for C$2.9M; and - The Company appointed PricewaterhouseCoopers LLP as their auditors effective April 30, 2021. About the Koolyanobbing Royalty The Koolyanobbing royalty is an uncapped royalty of 2% on the average/tonne Free on Board ("FOB") sales value of iron ore extracted from the Deception Deposit on mining lease M77/1258. Prior to Vox acquiring the Koolyanobbing royalty from Vonex Limited ("Vonex") in 2020, a historical pre-payment of the royalty in the sum of A$3,000,000 was made by Cliffs Asia Pacific Iron Ore Pty Ltd to Vonex. As previously disclosed in Vox's filing statement dated May 12, 2020, no royalty cash flows are payable to Vox until this pre-payment amount has been exhausted. The outstanding balance as of December 31, 2020, was A$1,782,032. Vox has entered into a binding agreement with Yilgarn Iron Pty Ltd pursuant to which Vox will extinguish the outstanding balance of the Koolyanobbing pre-payment through a cash payment of A$1,782,032 within five business days from the execution date of the agreement. Following payment of the settlement amount, effective January 1, 2021, Vox will earn royalty revenues from the Koolyanobbing royalty. Royalty revenues associated with the Koolyanobbing (Deception Pit) royalty over the past two years and forecast for 2021 are as follows: 2019 = $724,198 2020 = $493,769 2021 Forecast = $600,000 – $800,000 The Deception Pit and the Altair Pit to the north are currently being mined at a rate of 1.1Mtpa – 1.3Mtpa. Historical royalty attributable annual production on the Vox royalty tenure (M77/1258, see Figure 2) has averaged 180,000t – 360,000t and Vox management expect this royalty attributable production rate to increase in coming years as mining transitions further north within M77/1258. For more information on Koolyanobbing, please visit the Mineral Resources website at: www.mineralresources.com.au
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by TH_Analysis