BHP - Will a fed rate hike lead to a breakout in the SP?History says it will.
I expect next years rate hike will lead to a rally in PM's and commodities, as it did back in early 2016.
Mining
Canaan reversal coming soon. Technicals: RSI is oversold and looks like it is reversing. The price has also reached a long term support of around $4.6.
Fundamentals: Canaan stock has a high correlation with the price of Bitcoin as they produce the hardware to mine Bitcoin. The market cap is under $850 million. The bullish news is the sale of 30000 of their flagship Avalon mining kits to Genesis Digital Assets (buried in their latest SEC filing investor.canaan-creative.com). The price of the latest Avalon miner is between $6500-$8500 (cryptominer.deals). This equates to around $180 million in sales (if we use a lower end cost of $6000 per miner). Genesis Digital Asset also has the option to purchase an additional 150000 units in the future (the total options are for 180000 units minus the purchase of the recent 30000 units). If that sale goes through, its an additional $900 million in sales which could make this stock highly undervalued. The rise in bitcoin price will cause the stock price to also rise alongside. This may be a good long term hold.
Price target: $15+
Note: This is not financial advise. Please do your own research.
ANY bounce from the strong support ??ANY Sphere 3D wants to rival MARA and RIOT in 2022.
Peter Tassiopoulos, CEO of Sphere 3D: "We have successfully pivoted to the cryptocurrency mining industry with the purchase of our first 60,000 miners, capable of producing 6 exahash of capacity. we have secured an agreement with Gryphon Digital Mining to have Core Scientific host and manage about 230 megawatts of bitcoin mining capacity, which covers over 71,000 bitcoin mining machines."
This strong support area seems like a great buying opportunity!
My short term price target is the 6.2usd resistance.
Gold (XAUUSD) - Support, Resistance, Trendlines, Pattern - 2021Gold (XAUUSD) - 2021 - Support, Resistance, Trendlines, Price Pattern - Daily Chart:
Price Pattern: Descending Triangle.
-Resistance Price Levels (colored horizontal lines above current price)
-Support Price Levels (colored horizontal lines below current price)
-Trendline Resistance (diagonal yellow lines above current price)
-Trendline Support (diagonal yellow lines below current price)
note: chart is on log scale.
Silver (XAGUSD) - Support, Resistance, Trendlines - 2021 - DaySilver (XAGUSD) - 2021 Support Resistance, Trendlines (Daily Chart):
-Resistance Price Levels (colored horizontal lines above current price)
-Support Price Levels (colored horizontal lines below current price)
-Trendline Resistances (diagonal yellow lines above current price)
-Trendline Supports (diagonal yellow lines below current price)
note: chart is on log scale.
FIL BREAKOUT CONFIRMED (HISTORY WILL BE REPEATED)our sleeping beast is going to wake up soon! history will be repeated, refer chart
$CLF no cap this is my teams biggest holding*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My teams still holding $CLF shares from our three entries at $13.27, $18.06, and $20.60
My team is increasing our $CLF shares at $22.35 per share on the market open of 11/8/21. We have increased our shares four different times already on this trade. This may shock you guys but $CLF has now become my teams largest holding. We're confident and adding more shares because $CLF smashed their 3rd quarter earnings and are set to succeed next quarter as well. Also if $CLF attempts and is able to break past resistance at $26 once more then we expect a rally begin.
ORIGINAL ENTRY: $13.27
2ND ENTRY: $18.06
3RD ENTRY: $20.60
4TH ENTRY: $22.35
If you would like to see more, please like and follow us @SimplyShowMeTheMoney
$RIOT breaking key resistance level. Road to ATH? I believe if this week manages to close candle above 40$ level, it will go to ATH.
It has been consolidating for months on a wide range, so the breakout alongside $BTC could be huge and fast.
With earnings next week and BTC trying to break ATH level it seems a pretty interesting trade to hold on year's end bull run.
I will buy some shares on Friday depending on price action, and Monday will add some weekly 40$ calls if BTC shows strength during weekend.
NOT FINANCIAL ADVISE.
$BITFNo explanation necessary look at the details on the chart. Use the information at your own discretion. THIS IS NOT FINANCIAL ADVICE.
WWR three-baggerHuge triangle in the making. Expecting the price to break up from current channel (happening right now), and then from the triangle itself. It will fly. Target @ 20, but I think it will do much more later on. Cheers!
PGXFF Prosper Gold Price TargetsProsper Gold Corp. engages in the acquisition, exploration, and development of mineral properties in Canada.
Price Target 1: $1.05
Price Target 2: $1.25
Stop loss: $0.41
Looking forward to read your opinion about it.
Bullish Fundamentals and Technicals !!before saying anything I would like to mention the upcoming Drill results which could be a serious catalyst for the price of Labrador Gold corp. So in term of due diligence I do not just speak to Technical chart but also to extensive research such as Grades ,jurisdiction, financials and more.
with that in mind, looking at TSXV:LAB one cant not notice the following Indicators:
-Bullish diversion in Momentum in the MACD : ✔
-Bullish diversion in Momentum in the RSI : ✔
(which are both signalling upside in the near term)
-also the STH Daily Bollinger bands are signalling a contraction to the upside : ✔
With regards to further TA :
-Double bottom Formation : ✔
-possible Resumption of 200 Simple moving average : ✔
-Breakout from diagonal resistance and back test : ✔
The Chart is screaming BUY BUY BUY BUY !!!!!!!!!!
VOX PROVIDES DEVELOPMENT & EXPLORATION UPDATESBased on this strong operator progress, Vox management expects that 2022 has potential to be a record year for discovery drilling, engineering studies being released and projects moving into production.”
Key Development Updates
• Update on the feasibility study, permitting and construction financing at the South Railroad gold project in Nevada by Gold Standard Ventures;
• First production guidance reiterated for H2 2022 at Bulong gold project by Black Cat; and
• Substantial drilling updates at the Bowdens silver project by Silver Mines, the Higginsville mine by Karora, the Pedra
Branca platinum group metals (“PGM”) project by ValOre, and the Uley graphite project by Quantum. South Railroad (Pre-Feasibility) – Feasibility Study Expected Q1 2022
• Vox holds a 0.633% net smelter royalty with advance minimum royalty payments over part of the South Railroad gold project, which is located in the prolific Carlin Trend of Nevada;
• Vox received initial advance minimum royalty payments of ~C$100,000 from the South Railroad royalty in October 2021;
• On November 10, 2021, Gold Standard Ventures announced:
o It anticipates that the feasibility study for the South Railroad project will be completed in Q1 2022;
o In-fill drilling results at the Pinion deposit indicates the possibility of converting approximately 350,000
contained ounces of gold for inclusion in the feasibility mine plan in Pinion Phases 4 and 5, expected to be
majority royalty-linked based on historical disclosure by Gold Standard Ventures;
o Expected timing of the Record of Decision permit is anticipated to be in Q1 2023; and
o It anticipates commencing the construction capital financing process in conjunction with the release of the feasibility study in Q1 2022.
• Vox Management Summary:
The South Railroad project is advancing in line with Vox management expectations based on due diligence completed for the royalty acquisition in June 2021. The majority of the additional ~350,000 ounces expected in Pinion Phases 4 and 5 are expected to be royalty-linked and to generate meaningful royalty revenue for Vox. 2022 promises to be a transformational year for South Railroad with the release of a feasibility study, construction financing process updates and permitting progress.
To read more of the RNS www.voxroyalty.com
RIO2 - The definition of Cheap & Low RiskInsider-Buying is ramping up:
01 Oct 21 Buy CA$2,750 Andrew Cox Individual 5,000 CA$0.55
10 Aug 21 Buy CA$201,500 Albrecht Schneider Individual 310,000 CA$0.65
10 Aug 21 Buy CA$341,250 Alexander Black Individual 525,000 CA$0.65
10 Aug 21 Buy CA$25,025 Kathryn Johnson Individual 38,500 CA$0.65
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Stock in the growth
Strong insider-Holding : ✓ - 23% (10.2% Eric Sprott)
Strong Management : ✓
RIO2 : President CEO, Founder Alex Black
previously president ,CEO & Founder of RIO ALTO Mining Ltd
previously president ,CEO & Founder of Chariot Resources Limited
Huge success in developing and taking into production previous Mining companies.
Strong Reserves : ✓
Undervalued : ✓
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Based on our analysis this stock should be sitting at a conservative value of $2. 40 @ $35 silver price
Silver One Coming back to life !!Silver One - TSXV:SVE coming back to life. Insiders started to adding again and huge volume coming in pushing the prices higher after record CPI data.
Strong Management - ✓ - 9/10
Strong shareholders - ✓ - 9/10
Strong Upside - ✓ - 8.5/10
Reserves - ✓ - 8/10
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new position taken @ 0.31
Long term Gold mining stock accumulation planSo on Gold stocks we are definitely gonna profit from inflation. But there are several factors which influence the amount of time and price range we can accumulate over.
1 short term scenario we bounce now
2 mid range we go down to 15$
3 longer term shit because fed pulls of a rate hike = 5$ entry when we reach the lowest depression.
Lets see what goes down.
Franco Nevada - Bullish Breakout TradeStrong Financial Position
No debt and $1.6 billion in available capital as at September 30, 2021
Generated $206.9 million in operating cash flow for the quarter
Quarterly dividend of $0.30/share
Sector-Leading ESG
Ranked #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG
Committed to the World Gold Council's "Responsible Gold Mining Principles"
Partnering with our operators on community and ESG initiatives
Goal of 40% diverse representation at the Board and top leadership levels
Diverse, Long-Life Portfolio
Most diverse royalty and streaming portfolio by asset, operator and country
Core assets outperforming since time of acquisition
Growth in long-life reserves
Growth and Optionality
Acquisitions, mine expansions and new mines driving growth
10.1 million ounce increase in Measured and Indicated Mineral Resources at Detour Lake
Long-term options in gold, copper and nickel
Noront consolidation likely to accelerate development of Ring of Fire properties
39.78x Price to Earnings (PE) ratio = too much
FNV (CA$178.55) is trading above estimated fair value (CA$144.54)
Technicals
Found decent support and has carved out a bull flag. If we get decent volume on a breakout to the upside , the fib extension targets are the most logical levels to look for.
$BTC taking profit 8% gain*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered $BTC at $60500. We planned to take profit at $72000 but we are now having second thoughts due to a really tough wall of resistance around $65000-$67000.
My team is taking profit here and thus closing out of our $BTC trade at $65451.36.
OUR ENTRY: $60500
TOOK PROFIT AT: $65451.36
My team made an 8% gain from this trade! Congrats to those of you who took this trade!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
NIKLF Rounding BottomInteresting mining stock.
How long will the commodity boom last?
Technically speaking, this is a textbook example of a rounding bottom.
The primary issue I have with this idea is the relatively short amount of time that the pattern has taken to carry out, although this may just be a product of a late-stage bull market and massive liquidity injection.
OLB ValuationOLB is in the process of ordering 24,000 miners per their previous press releases. At full operation and continuing to hold an escalating global hash and thus sha-256 difficulty rating, OLB will be approaching 10-12 coins/month on top of an operating e-commerce business that is modest, debt free, and successful. OLB is the future representation in the present of how “normal business operations” will be augmented by bitcoin mining if access to space and energy.
Keep this in perspective: SDIG is valued at 625m and has 3x the miners OLB has while OLB is valued at 81m. That is nearly 1/8th the valuation with 1/3 the operation which proves OLB’s market disconnection. Now, should OLB be $210m market cap: probably not given SDIG has faster access to hash scale and rigs in order, but, 81m is still about 120% off.
Couple this with bitcoin likely attacking through 70 and the executive team for OLB owning >50% of the company itself (Source: SEC disclosures), this could be a 3x from here that, yeah, could gain unwarranted but potentially inevitable momentum. x
Great Entry Point for $SVE / $SLVRFSilver One is a very bullish play at this particular time **NOV-21
Multiple headline exploration news aimed towards year end for the Rich Gold / Silver - Copper Cherokee project.
Surface sampling along the Cherokee vein system has returned multiple select surface samples in the 100's g/t silver range, with highs of 954 g/t silver and 4.8% copper at Cherokee, and 1,163 g/t silver and 4.3% copper with strongly elevated gold on the Southeast Cherokee vein (Figure 1 and August 6, 2020 and July 19, 2018 Company news releases).
Silver One Resources is a very leveraged Silver play, the expected returns of this Junior in relation to Silver are as follows:
$22 Silver -> ~0.35
$24 Silver -> ~0.50
$28 Silver -> ~0.80
$35 Silver -> ~1.40
$45 Silver -> ~3.50
$70 Silver -> ~6.00-7.00
SSRM Potential 50 Percent GainCompany Profile
Sector: Materials
Industry: Metals & Mining
Company Location: Vancouver, BC
SSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, lead, and zinc deposits. Its projects include the Copler Gold mine located in Erzincan, Turkey; the Marigold mine located in Humboldt and Lander Counties, Nevada, the United States; the Seabee Gold Operation located in Saskatchewan, Canada; and the Puna Operations in Jujuy, Argentina. The company was formerly known as Silver Standard Resources Inc. and changed its name to SSR Mining Inc. in August 2017. SSR Mining Inc. was incorporated in 1946 and is based in Vancouver, Canada.
12- Month Price Targets
Mean - $24.70
High - $27.00
Low - $20.00
Target vs. Current - 51.5%
