Uranium Energy Corp : Resistance & Trend AnalysisPrice must break above blue line to maintain momentum.
Miners
XAUUSD GOLD Long Term OutlookFirstly, If you like my analysis, please leave me a " like "
It is forming cup at the moment. And if it will pull back will be forming "cup with handle"
Of course there are several options that the price may follow such as, it may form only "cup", or may do a fake breakout pull back and continue. I will try to explain how i see the movement.
The price started to stall or will on $1793. and pull back is expected to 0.38 or 0.5 of Fibonacci level. For its healthy, I would expect a pull back till around $1400. Target Price will be around $2275.
If the price decides to rise up till pivot, the pull back is expected till around $1500 and target will be $2500.
As a results, technic may say too many targets and may give different outlooks. I am not advising you buy or sell, just share my how i look might help you.
FRESNILLO PLC ReversalThe stock
LSE:FRES - Worlds largest primary silver producer.
The thesis
XAUUSD has been on a pretty strong run over the last five years, and always does well during turbulent times or when banks turn to QE . There's every indication the FED & other central banks will be printing money like it's going out of fashion over the next few months/years. Silver prices follow Gold (with higher delta) and silver stock prices follows silver (with higher delta). The GOLDSILVER ratio just had a blowoff top signalling a potential reversal in fortunes for GOLD's shiny little cousin.
The TA
Poking it's head above a 4 year trend line after a high volume inverted hammer at a key level of long term support potentially signals a reversal.
Bitcoin Miner RevenueBTC Miner Revenue can be an excellent indicator, showing long term market bottoms, which usually take place in the vicinity of the prior bull market tops.
Idea: Tone Vays
Gold miners aren't quittingGold miners have been enjoying a nice run over the past few weeks and after a short break, many look like this and are in the process of emerging yet again from sideways patterns.
Gold is at inflection point. Supply and Demand StalemateIf miners that shutdown can ramp up and economy can get going, then gold will start to move. If it can't get above 1800 and establish a base, then it will drop and form a massive handle , setting up a future breakout.
Cup and Handle Breakout on $GLD $GDX #GOLDIt is difficult to see the handle, but it there. I consider it an accelerated form of a handle given the crazy volume and price action during the virus outbreak. If 2009 - 2011 are any clue, then bonds should start dropping with interest rates and inflation expectations rising. This should boost gold. Remember that we have had some massive blocks over the previous sessions.
VOL (K) | PRICE ($) | 🔼
--------.-----------.----------
📈 $IAU
--------.--(APR07)--.----------
7,000 | 15.79 | 💚 +1.99%
There was a 7 million market buy block on April 7th for IAU, absolutely incredible. This has the juice to move the price to gold 200-300 points, which is in line with the measured move for a cup and handle formation.
thepatternsite.com
LONG Cup and Handle Breakout on $GLD $GDX #GOLDIt is difficult to see the handle, but it there. I consider it an accelerated form of a handle given the crazy volume and price action during the virus outbreak. If 2009 - 2011 are any clue, then bonds should start dropping with interest rates and inflation expectations rising. This should boost gold . Remember that we have had some massive blocks over the previous sessions.
VOL (K) | PRICE ($) | 🔼
--------.-----------.----------
📈 $IAU
--------.--(APR07)--.----------
7,000 | 15.79 | 💚 +1.99%
There was a 7 million market buy block on April 7th for IAU , absolutely incredible. This has the juice to move the price to gold 200-300 points, which is in line with the measured move for a cup and handle formation.
thepatternsite.com
Bulls are being setup for capitulation liquiditySimply put BTC is inside a new capitulation cycle, And The price is in an uptrend, This is the biggest Hidden bearish divergence I have ever seen in the history of bitcoin!!
My targets have been set within the 3k levels once more
Ride the Wave (Down)Waiting for the fifth wave down to be complete. Gold miners are uncertain - acting more like stocks. Short here.
Everything in life is a gamble.
-Kendrick Lamar
BNNLFBannerman Resources had an epic 48% pump today off the lows and I don't this that momentum is over, with spot uranium prices moving up above $27 Bannerman looks good here IMO with little to no debt, smart cash management, and mines located in Niger Africa that can produce uranium to market and fill contact orders much faster than many larger closed down mines (due to COVID19) I think the market is going to give this little uranium company a big price increase in the coming months.
JDST Long, Sell point around 12$If it brakes the MA 180 days then we can think about rebuying the pull back.
Platinum Breakout & Palladium Blow-off TopPlatinum at current levels presents tremendous value. The precious metals take turns outperforming and underperforming. In the late 90s palladium went into a bubble while gold, silver, and platinum bottomed out. Then throughout the 00's palladium moved sideways while platinum, silver, and gold all outperformed.
I believe we are nearing a similar setup where US stocks will enter a blow off top and palladium will follow. Following this blow-off top platinum and silver will begin to drastically outperform.
Additionally, the more expensive palladium gets, the more likely industry will find ways to substitute towards platinum. This is especially the case since most of palladium demand comes from China.
Be keeping an eye on these metals, along with gold and silver.
Are We About To See ETH Dip Back Down...?So is this the time we get to see a big drop down in the market, we've been consolidating a long time, but it's beginning to look more and more bearish.
I personally would not recommend long positions right now, certainly looks more likely for shorts given the price levels and price action.
Gold mining ETFs are not worth anythingWeekly target of $23, long term target ETF delisted.
Gold mining companies derive their value from the gold they produce. Their value will never increase in a greater percentage vs. actual gold because paper traded gold does not have the same built in overhead costs that companies have.
Owning gold mining stocks, ETFs, baskets, etc. have no relation to the reason for owning physical gold and I don't see how mining companies would be immune to the global sell-off.
BTCUSDwhat do you think of this way?
It will not be profitable for miners to sell their assets at a cost of less than $ 6000
www.bitcoinblockhalf.com
BTC: $7529 | Playbook to $24995 | Red Pill or Blue Pill either pill when that CEiLING LINE is disrespected after the Satoshi Round Table and Halving
it's all clear BLUE SKIES toward FRESH HIGHS
for now Miners and the usual SPONSORS are just SHAKING DOWN amateurs
mostly neophytes or getting volume below 7k levels
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short sellers may get squeezed any moment when one greedy whale
starts to take a huge position one time
long players keep the size at decent levels and always expect a NEEDLE -35% below key levels or FLOOR areas
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BOMBA: Buy on Massive Break Away on either Red or Blue ZONE
Waiting for some more pain before going all-in.Waited to get in SAND at 6 USD for months, now with the general market sell-off, I could not have dreamed to get it at such low prices again. As Eric Sprott said about SAND "growth baked in"! Very good ultra-long play for the coming 5-7 years!
