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Miners

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.
AMEX:GDXShort
by NeoButane
9
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 == 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 === BOMBA: Buy on Massive Break Away on either Red or Blue ZONE
BITMEX:BTCUSD.P
by senyor
Short to $15-16This came in meditation back on 1/13 with the word "Rangold" I guess so I don't confuse it with the metal. I also got the number $22. When this has happened before, you expect it to get to that number and you best get out. I hesitated in posting this partially out of laziness, or maybe fear that it was accurate information and a bit freaky. Regardless, the idea is these are done and it's definitely working, so why not share and also keep for my records? Symmetry resistance held up yesterday with a nice follow through this morning and breaking an important symmetry support at $20.79. I'm looking for $15.10 area. That seems pretty ambitious, but that's what I'm getting.
TVC:GOLDShort
by JenRz
EGO $EGO Eldorado Gold 158M Shares O/S - Strong 32% Ego with a Strong move out of the ascending triangle after a earnings surprise. Gold is looking like an excellent hedge here against the spreading corona virus and slowdown of economic growth. EGO has a heavier position with me due to its smaller share structure, a lot of these miners have really high share counts and wanted to be better positioned in one that could move strong on some serious momentum. Another notable mention I Like is HMY Harmony Gold a strong position there aswell. Stocks are overvalued and I don't see any better place to be than gold... Please drop a like and follow guys feel free to reach out in my message box Aswell. Goodluck. Long $12 Calls.
NYSE:EGOLong
by PeanutBudder
Austral Gold 10 BaggerCheckout my other post for some fundamentals, looking at the long-term chart view of AGLD we can see that a possible bottom has been carved out and is forming a bullish inverse Head and Shoulders pattern. As gold continues to rise, the un-hedged production at Austral will continue to generate cash to fund drilling and acquisitions without dilution. A dropping gold/silver ratio will add value quickly to the paused casposo asset. I personally expected gold to break $1600 by the end of Q1, it did that by the end of the first week of 2020. With that sort of interest in the metal I would expect gold to trade up into the 1700-1800 zone by year end and possibly even record highs by this time next year. Austral just posted new drill results 7km from their existing chilean operations. highest section was 19g/t over 1m. GLTA. TSXV:AGLD
TSXV:AGLDLong
by UnknownUnicorn4409175
5
CEL Challenger - Waiting to buyHello, For this stock we have seen a recent break of a downward channel from 2016. volume confirms that this break is real and looks to be the reversal of a long downtrend. however the stock has gone up 500% since Aug 2019. Now the market will come back to test the breakout and potentially lower. shake out of weak hands/fomo buyers etc. from the analysis we have been stopped at the 50fib and at resistance high from early 2016, it also coincides with a 1.27 extension from that 2016 resistance. RSI is very high showing it is overbought and this has been on a tear since mid 2019. I marked a big accumulation zone however I don't believe we will break below the 61.8 at .095 (52% drop in price from here). I will start to accumulate some between .125 and .095. this channel that we broke will now be strong support, it coincides with 50%&61.8% retracements of this leg and the daily 50 moving average is there too - so it is a very strong support area. If we do not hold that area we can see a retest of the lows at .02 (but I am doubtful of this low) I put the upside targets in the medium term in yellow Lots of these small miners have broken out but the market will give us a chance if we are patient to buy them lower. I have posted other charts sharing that the gold price/silver is looking to pull back. The big cap miners already showed a pull back and that is usually indicative of a drop in the spot prices of gold/silver. I will be posting several charts on small cap miners and I plan to trade them during the next two years, it should be an amazing time for gold and silver and the miners which should see spectacular gains. Thankyou
ASX:CEL
by djmitchb
1
XAUUSD: Quarterly trend updateGold almost hit the first target in the quarterly timeframe here. If it doesn't go back under this quarter's open it may keep rallying. Upside target #1 is not far, 1615.28, but it could go higher until Q2 2021 at least, reaching prices between 2094 and 2714. The technical pattern that formed while #Gold was under accumulation is called an 'explosion pattern'. This type of trend signal tends to hit targets #2 or #3 at times, so, at the very least it would imply breaking the all time high is possible, before going back down or sideways for a long time again. Note the RgMov proprietary trend analysis indicator is signaling a breakout of all time high values, ahead of price, and acting very strong, this is a good indication of the path of least resistance for #Gold. I bought back metals and miners yesterday, after the dip slowed down, I intend to let these positions run while the trend remains valid, else I would take on a moderate loss if this quarter's range is erased. Otherwise, prospect is very good in the long run for both #GDXJ and #XAUUSD. #XAGUSD is probably bullish as well, but I was a bit worried by the #XAUXAG ratio lately. Although if the trend in stocks grinds to a halt, the ratio is likely to reverse back down. Cheers, Ivan Labrie.
OANDA:XAUUSDLong
by IvanLabrie
2 Bulls and 1 Bear signal, Miner wars analysisBull #1: Break out of 6 month down trend channel confirmed. Bull #2: Inverted H&S extension, with volume increasing from the price bottom. Bear signal: Bounce off the 200MA, we are still in death cross zone. Miner war fundamental facts: Difficulty is going parabolic, which means machines are being sold and installed. Miner revenue will be cut in half after halvening. CME options, futures and open interest in general is going up. They are all incentivized to see more volatility. Assumptions: It will be harder to run a mining operation after the halvening since rewards are cut in half, and difficulty is going up. Miners will have to buy machines to maintain their position. A possible 4 month long Bull trap strategy could be to drive the price up, enabling miners to use their rewards to buy more machines, in hopes that they can sustain enough hashpower to stay in operations after the halvening. After the halvening larger players will want to tank the price to break "at risk" operators, and force them to liquidate their operations, flooding the market with cheap fire sale machines. Buy the rumor Sell the fact A strategy to consider is to take a long position under 8400, with a stop loss around 7600, and a partial take profit target just under 10k or 9900, with a longer potential to extend to 11400 just before havlening. suggest to read the bitmex blog article i can haz ipo for more
Long
by pokp
Copper MinerNice bull volume on the recent rise in share price, suggesting to greater upside. Keeping the analysis simple. Increased bull volume Decrease bear volume on pullback following upside move Fib ratios align with recent levels of resistance, now to be validated as support RSI suggests a near term cool off, potentially right into the entry targets of target 1.05 - 1.09 correlating with key fib ratios Behind the scenes I have completed my due diligence on this copper miner.
MLong
by tomthetrader1