Mining
Diamond Bottom (short term bullish)Karona Resources is showing a diamond bottom pattern and could lead to a quick 8% gain in the next week or so
IVR leveraged silver miner 500% on next rally??-Investigator Resources (IVR) has intersected up to 755g/t silver from infill drilling at the Paris Silver Project in South Australia
-The 20,500 metre drilling program began in September with aims of improving the grade and confidence of the resource
-Drilling is still underway, with 19,300 metres of the drilling campaign already completed
-A diamond drill rig is scheduled to arrive on-site before the end of November to support quality assurance and control requirements
Some old news headlines. I think with the DXY looking to decline. PM markets should start lighting up. We have had a good consolidation so keeping an eye on moves this week!
Broad ASX All Ord shows lagging Midcaps (Tech & Mining) from NovThe broad ASX All Ordinaries Index (XAO), since the beginning of November 2020, shows the underperformance of previously overperforming Midcap (XMD) sectors of Information Technology (XIJ - note particularly the high flyer Afterpay APT) - and Mining (XMM) to a lesser extent.
AX.OZL Oz MineralsHey investors,
Gearing up for the future
Long term outlook for the company is great. technically it has a long way to appreciate from a wave perspective
regards,
Limitlesss
HUT 8 MiningThese are my thoughts on HUT. They are meant to give you an idea, not trading advice.
This seems to be forming an inverses head & shoulders pattern. If this breaks to the upside we're in for some nice gains. Since HUT is a blockchain related stock, it's sensitive to the price of BTC. That's what makes me more bullish.
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
GSPR.V - One of the best risk/reward in CopperAt $4.9M mkt cap with 17M float, I believe GSPR offers one of the best risk/reward in the junior mining space:
- tight share structure with 25% held by insiders
- 28% discount to just closed .40 financing ($500M)
- high grade past producing Copper mine
- adjacent to Teck Resources' Highland Valley Copper open pit operation
- Copper prices are surging to multi-year highs: www.mining.com
- Low volume drop was caused by IPO broker warrants that expire next week
- Bounced off current support line 3 times since July; two gaps above at .31 and .35
- Strong pickup in Accumulation on retrace
- Assays from high grade #Copper project in BC are pending.
LTHMLivent
Livent Corporation produces and distributes lithium chemicals. The Company offers lithium chemicals for applications in batteries, agrochemicals, aerospace alloys, greases, pharmaceuticals, polymers, and various industrial applications.
GOLDMINING INC (GOLD) Ready for Next Rally? (+34% Potential)Hello fellow traders,
Today we are looking at the daily timeframe for GOLDMINING INC (GOLD) on the TSX. As we can see, GOLD peaked around $3.85. It has since corrected, printing a double bottom at previous resistance, in between the 50/100 EMAs (yellow/pink).
Prices have broken and are now trading above all EMAs. The RSI has increasing fast, and the MACD has just given off a bullish cross. Additionally, we have increased volume coming in with prices moving up. All of these signals are bullish. The key levels to watch here around $3.40 and $3.60, past which, prices can easily jump. On the chart, I have marked the three likely paths using arrows that prices should approximately follow. Depending on the level of resistance ahead, primarily at the $3.60 level, prices may either jump or correct back down and continue trading in this wedge.
A potential entry zone now would be $3.10-$3.35, with a second entry around $2.75-$3.00 if prices break down to the next support level. An immediate target would be at them most recent highs, around $3.80 (+14%). A breakout past the most recent high could launch prices up to the 1.618 Fibonacci level, at around $4.50 (+34%) in the short-to-mid term. A stop loss could be placed in the $2.50-$2.60 range to be safe, however I am not using one as of yet because my entry was at $2.94. Keep your eyes on this one!
Let me know your own thoughts and comments down below. Remember to leave a like if you enjoyed, and check out my profile for more stock and cryptocurrency trading ideas. Thanks for reading!
Price at writing: $3.24
#BHP - 1D Timeframe - US ELECTION OPPORTUNITY - WIN-WIN?POLITICAL AND MARKET CONTEXT
Specialized on silver production that is a basic raw material of photovoltaic solar panels. Renewable energy consumes up to 30% of world silver production.
If Trump wins, price of metal might still rising due to his monetary (inflationary) policies.
If Biden wins, BHP will be a huge player as a raw material supplier of a possible boom of Solar and renewable energy
TECHNICAL ANALYSIS. 1D TIMEFRAME.
Historical support on $46.80 - $47.70 range. 4 clear rebounds on this level over last 15 months (yellow rectangles). March´s COVID-19 meltdown was the only time that this support was broken.
Last week this price range was tested again and showed quite strong even with a high seller volume . This time we've got MA200 assisting as double support just above Fibonacci´s 0.382 level.
Strategy: Monday and Tuesday sessions are crucial to confirm rebound on support pointed out. Specially with the high volatility and bear forces we might expect for this week.
If price resist this level and cross MA200, we´ll be able to open a long position with a target of $58.55 (+21.5%).