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Miners

GDXJ BreakoutGreat breakout here on GDXJ as investors fly to security with geopolitical instability. We have a breakout of several different levels, making this a potentially very powerful break. SIGNALS: 1. Breaking out of consolidation pattern since beginning of May 2. Breaking downtrend line from 2016 highs 3. Breaking over 200 day moving average Entry: above 34 Target: former resistance around 42 Stop: under breakout level, 33.50 - 34.00 /// !! PM me with any questions about my analysis !! MY TRADING METHOD: I keep my analysis simple. Good analysis always is. I use Price Patterns, Moving Averages, and RSI for my analysis. I use the 1 day for trend analysis and 60 minute for trade entry For my Targets I use Fibonacci projections + measured moves Successful trading means proper risk sizing and trading small so you can stay in the game.
AMEX:GDXJLong
by BerlinTrader591
1
Top precious metals investment of last 20 yrs: Moneta PorcupineIf you want 10x + leverage to the price of Gold 1.43% , and are tired of financial products like $JNUG or $NUGT or are unhappy with the fact that $GDXJ is no longer a true junior index it has too many big names. Then this is an amazing opportunity to get a good property in Northern ontario with possibly over 10 million ounces in the ground meaning you are getting gold 1.43% for <$7-8/oz. Industry average for takeovers is 30-50$/oz meaning this is at least a 10 bagger in a rising gold 1.43% environment. Not only that but gold 1.43% is breaking out. Moneta is also breaking out of consolidation, bullish trendline break , oscillators turning up, bullish pitchfork pattern, bullish gartley and possible drill campaign news coming in late 2017.
M
by CaptainKirk
1
Buy First Majestic Silver up to 8.20 USDIt´s been the right thing to wait with any recommendation in the mining sector. But now I feel the time is right. As explained I believe silver has a great potential over the next 8-12 months. The best way to play a multi-months rally in silver are some of the best but currently beaten down silver mining stocks. First Majestic Silver without a doubt is one of the best companies in this sector. Focused on silver production in Mexico the company is run by mining legend Keith Neumeyer. Although First Majestic has been consolidating sideways since October last year I think the stock is at a very interesting juncture. We might be a bit early to the party but the risk/reward is just phenomenal! With a stop loss at 6.50 USD and a 1st profit target at 19.00 USD the idea has an initial 1:3 risk/reward-ratio. But First Majestic could easily take out 19.00 USD and we might scale in a couple more times once the stock has clear the downtrend line at 8.20 USD.
NYSE:AG
by MidasTouchConsulting
GDXJ at key crossroad - will 31.37 support hold?!GDXJ closed right above 31.37 support so guessing it will test it tomorrow but it'll have to break the long uptrend from its lowest point in Dec. 2015 to get there which makes this a key point for determining if long uptrend will be broken in line with shorter term downtrend. Either it breaks down & has a long way to fall or it bounces off either the long uptrend line around 31.5 or maybe the 31.37 support & moves up in resistance ranges. If it closes below both those levels tomorrow, Monday will either be start of real bloodbath or strong rebound per my reading of the above chart...either way, we're approaching the intersecting point of the long uptrend with the downtrend from high in Dec. 2016 so looks like big move coming either way! Anybody with experience PLEASE share thoughts on how to hedge a big individual miner/precious metal allocation (currently at loss) if this breaks down over the coming days!! Still bullish long but def. want to reduce the bleeding if this falling knife is about to pick up speed!! THANK YOU! Til then, might keep cutting losses wth some riskier miners if it breaks levels above!
AMEX:GDXJLong
by heidib
2