Kirkland lake blowoff phase Update from January.
Seems like Kirkland lake's announcement of 1 million ounces was enough to get the investors to keep rushing in and create support where there once was resistance.
If you are like me and it was enough to keep yourself into this play we now may want to stick around a little longer.
There are two ways to play this:
- Wait till the support line gets broken to the downside.
- Wait till blow off leads to valuations significantly above support line. At the time I would say it would be significant if we see a move above 50 CAD.
Miners
Long DUST ideaI like the look of this chart of DUST. I bought this morning. It's always risky holding over the weekend but its a small position, relative to all holdings. GOLD is breaking below $13000 looks good for a pullback. Cycle wise we are due.
Tracking from the roots.You don't know where it is going but you can track the way it came where it is now.
If you are short Gold, well, I guess you are probably new here.
Small Cap Miner Play on PM Price MovmentPrecious Metals markets have been doing well these past few weeks.
GC1!
SI1!
A lot of the miners have already made their gains and caught up with the market, but some have not.
Last night and this morning I have been searching for small cap miners that are playing catch-up with some upside.
I found this beauty on my stock screener.
USAS has just broken above it's 200 Day MA and this triangle pattern I have drawn. It seems like a great set up to me and I am going to take my chances on it assuming PM prices hold for a few days/week and this little guy ends up trying to catch up with the rest of the market.
Note that I have no extensive knowledge on the company fundamentally. Just looking at price.
GDX Long idea?After completing the AB=CD pattern, GDX looks ready to go long again. We just had a very common 38.2% FiBo pullback. The MACD is oversold, and the TSI is crossing over zero. This is a 4 hr chart. However the volume appears to be dropping.
Time to Jump inThis monthly shows that it is a good time to buy this asset. If the markets continue volatility, this mining ETF will gain traction.
Gold miners: outperforming the general marketsWhether it's seasonality, or the fear trade, there is one market that is definitely undervalued and that is the precious metals.
HGU is challenging resistance, and putting up a flag at the most opportune time.
It's go(ld) time.
Pure Gold Mining $PGM.v nearing breakoutPure Gold Mining $PGM.v has been consolidating for 2 years and may finally be approaching a breakout. Lots of fundamental catalysts ahead including a resource update and a definitive feasibility study due out in January. 10,000m drill program underway to test gap between 8 Zone and Russet South, which could potentially add significant ounces to the resource. Insiders and strategic investors have bought in this range and should continue to support price, thus a great R/R entry.
ABX Barrick Gold Corp. BUYBarrick Gold (ABX) Q1 Earnings In Line, Sales Beat Estimates. Technicals confirm bullish sentiment. RSI downtrend broke above. V bottom on higher TF. Coppock heading to break 0 line. FIB retracement 50-61.8%. Recently price of GOLD have stabilized finishing the downward movement since 2012. Expectation for appreciation in metal prices. Long-term BUY. Good Luck
Ripple(XRP) head&shoulder.Ripple(XRP) is a great crypto@future.
So, due to head&shoulder, it growing up to 0.65139.
TP@0.65139
SL@0.48690
What's your idea? share it.
AAZ ready to breakout?After a bullish cup and handle,
AAZ went from 36 to 46.
Is it now ready to break out for the next leg?
Sirius Minerals gapped through 200 EMA (bearish), but...On the daily chart: SXX gapped down through its 200 EMA, a bearish sign
BUT found support at 23.5 on it's weekly 200 EMA
Stochastic on daily chart is trending down and could result in another decline
Also filling the gap at 31.72 could trigger fresh round of selling.
Let's see what happens.
SLV - Long Term Buy and HoldI have purchased a large tranche of SLV to begin building up a long term position in the very beaten-up precious metals sector. I am not convinced the bottom is in quite yet but we are likely close. I have begun seeing articles about how gold/silver investing is dead and some articles go as far as saying the price of PMs will never recover. Price extremes, extreme statements in news articles, extreme positioning, and capitulation by the perma-bulls often mark the beginning of a bottom. Why I have chose silver is due to the Gold/Silver ratio now being towards the top of a century long extreme.
Let me re-iterate that PM's could continue to bottom for the next few months and correct even deeper but as a long term buy-and-hold strategy, any future price drops will offer opportunities to average down. My time horizon for this trade could be 5-10 years or longer. Once price does rebound and begins rallying, owning the stock outright will give me an opportunity to sell covered calls against it and begin generating consistent returns and lower my cost basis even further.
Short term short ABN, Long term long.618 fib was broken so the .50 fib gives a potential entry of .30 for a long position
Long SICAccording to fib fan SIC could be at its bottom after 28M warrants being fully exercised. They hit very high grade gold with Sprott backing them for millions. Potential 5-10 bagger from these levels...
ILU It's time for ILU.ILU the titanium huntress, she stay on the bottom, will start the cycle for another high attempt.
ILU Reached first fund, 9.06If it closes below, it goes to the last protection fund at 8.95 approximately.
If closing below 8.95 drops further, until approximately to 8.82 ...
At the moment it is indicating closing above the first bottom at 9.06.
MIN Fibonacci, prepare entranceWe are at the end of L2, if tomorrow or after the trend turns, it will be time to buy ...
#ANTO - Worst weekly fall since Sept 2011A big fall this week.
Broke through weekly 50 EMA and heading towards its 200 EMA.
Will it break that and head into a downtrend?
Capitulation?I see the signs of capitulation in the PM minder markets.
$Nugt could go up 80% like previous time, with a target of around $24.
However, I'm aware we haven't seen real capitulation yet, but from a technical perspective, things looks quite safe to go long.
MIN MINERALRES FPO -> On FIBONACCIIf will be confirmed the end of L2 line from Fibonacci, then will start (today or tomorrow) the L3 line, which means that the asset must exceed $ 17.50 as the initial target.
