Mining
SCAM idea from borker??Apparently I received a call from a broker today who insited on me buying this CDE stock at 3.48 USD (price they expect to get during today's session).
This company is supposed to have just signed an important contract that will make the price go to 5 or even 6 USD within 3 months. Maximum loss they expect is 15%.
Apparently more than 30 analysts from this company agreed that the stock can only go up. No doubts.
The whole thing sounded so much like The Wolf of Wall Street movie so I just decided to listen to what he had to say for fun. I would never put money over the phone under these circumstances so I decided to test his idea here instead.
Profit 1 at 5.00 USD
Profit 2 at 6.00 USD
Stop Loss at 2.95
Deadline: 3 months
Let's see how bad of a scam it was!
XBTUSD 1D KRAKEN Halving and Miner capitulationAre miners going to sell off to subsidy future mining operations while the price is still above the production costs, or are they going to hodl?
How long can the price be supressed under the production costs in order to take out competition in the face of smaller miners
a not so bright look on the bright side of the Halving as a pure mining event
BUBBLES ARE IRRATIONAL!TOTAL ABOVE-GROUND INVESTABLE PHYSICAL GOLD: 6B ozs.
TOTAL ABOVE-GROUND INVESTABLE PHYSICAL SILVER: 3.5B ozs.
CHINESE CITIZENS ARE SELLING THEIR SILVER FOR LIQUIDITY, ONCE GLOBAL STAGFLATION EMERGES THIS PROCESS WILL REVERSE IN INCOMPREHENSIBLE WAYS!
AN INDUSTRIAL RECESSION WOULD PUT MUCH MORE PRESSURE ON SILVER PRODUCTION THAN SILVER DEMAND!
BITCOIN | A Possible Short-term Reversal Area!Hi followers,
Recently, I have been pretty quiet because there is just no reason to make an update, everything worked as planned. My bias was correct and now the Bitcoin price has reached to my multiple-times-pointed-target-area: an area where it is nice to close your shorts with profit and for those who are short-, mid-, long-term bullish it is a great area to buy it. As you know, I'm more a short-term trader, then this idea finds a target around $9,600 - $9,800.
The area consists of several criteria and all they should act as support levels:
1) Fibonacci retracement 2x38% and 62%, pulled from different bottoms.
2) Fibonacci Extensions
3) Channel projection
4) 2x AB=CD
5) The round number $9,000
6) Daily EMA100
7) Historically, the strong horizontal area around $9k
8) Handle formation on the Cup&Handle chart pattern (look it up from related ideas)
9) As always, wait for bullish patterns from the marked green area, it should increase your success rate - candlestick patterns, shorter timeframe bullish chart patterns and etc.
The mentioned Cup&Handle:
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Regards,
Vaido
Nordic Mining $NOM.OL is one to watch for 2020Nordic Mining prepares for lift-off
There hasn’t been a greenfield development of a mine in Norway for between 30 and 40 years but Nordic Mining is looking to change that via construction of its flagship Engebo rutile and garnet project.
www.mining-journal.com
Nordic Minining OSL:NOM just presented their Definitive Feasibility Study for the Nordic Rutile project at Engebø, Norway.
Once financing falls into place for this up and coming mining company, this stock should be a buy and own asset for the next decade.
Exercise extreme caution in the short term.
Engebø Rutile and Garnet
The realization of the Engebø project will establish Nordic Mining as a long term supplier of high grade rutile and garnet products.
www.nordicmining.com
Amazing, Environmentally-Friendly Way To Mine Precious Metals.starting a position here.
Ultra-long term investment.
Environmentally friendly way to mine gold
from conventional mines AND eWaste.
Gets a royalty stream on all mined gold,
copper, zinc, lead, silver, palladium, etc.
Zero-environmental footprint!
Absolutely love it - VERY LONG!
enviroleach.com
BTG - Time to add to a position?There are some hella smart guys and gals out here in TradingView-landia.
I'm long BTG right now, and my analysis shows adding to the position may be wise.
I feel like a missed a window 01/28 and 01/29 at 4.20 (capital availability, stopping out on NIO has given me some space).
Before I add to this position, I wanted to pose the question to the genius-level crowd out here:
When do you add to a position?
Long BTG at 4.04, stop at 3.80.
I use very simple technical indicators and signals.
Bullish trend
50SMA is over 200, both sloping up.
OBV sloping up
But I wanna hear what you think, what are some signals you like to see before adding to a position?
Indicators? Profit rules? Trend rules?
Whatdya got? Fancy or simple lets here what you do for adding to an long position!
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
Austral Gold: Junior's Time to ShineLooking at Junior Gold as the next big market to trade, obviously due to rising gold and silver prices, but I like this company for a few reasons. Obviously being in South America the local currencies are trash (EM FX at record lows) so costs will likely remain low, especially if oil remains relatively cheap. Recently margins have begun to grow due to rising gold and I think there are companies like Austral that are in an interesting position because they are too small to be bought buy the large ETF's due to their purchase rules, yet they are unlocking significant value for shareholders. Currently the company is raising capital for drilling/exploration activities at their existing mines at $0.08 offering only to existing shareholders, so I don't think the dilution will really hit the market.
I think this offers a trade opportunity with an interesting risk/reward profile. As long as this negative-interest bond madness continues we can expect gold to continue rallying higher, which means the margins at the miners will swell! ETF's can't touch these until they get bigger so the time to aquire shares is now before the gold market as a whole is revalued much higher than it is today.
Highlights:
- Existing Guanaco/Amancaya operations providing cashflow near Yamana Gold's El Penon deposits ( June 2019 AISC < $1000, gold at over $1500 currently)
- Exploration potential in both Chile and Argentina (existing reserves assayed at $1300 Gold)
- Rising silver prices while Casposo silver operation on-hold (reserves in ground gaining value)
- Austral can produce lots of silver, meaning a big drop in the gold/silver ratio will leverage the margin expansion faster than gold producers alone.
The company has some debt, which obviously poses a hurdle, but repayments are going well with the recent increased cashflow. Mineral reserves need to expand so expect drilling and associated costs, there is a deal offering to existing shareholders to fund drilling this year.
Looking technically there have been 2 other historic buying opportunities at these levels, and the market seems to be close to a potential breakout of the falling wedge pattern. If you zoom in on the last year the stock has traded in a range and despite the thin volume there is a potential cup + handle formation holding just below the 0.09 level. I'm obviously bullish and have a long position.
Please comment if you have any thoughts on AGD/AGLD. GLTA.
Sibanye The share price of Sibanye has moved into a triangle shaped consolidation. The consolidation follows the strong uptrend we have seen on the stock. The triangle consolidation alludes to a short pause in the trend before this trend is continued. A close above resistance at 4040 would consider an upside breakout, confirming the pattern and continuation of the uptrend. In this scenario, traders might look for a move higher proportionate to the height of the triangle pattern. A close below the lower level of triangle support would suggest the failure of the move.
A close below the 3650 level would instead consider a downside breakout, suggesting a reversal of the preceding uptrend. As triangles are more commonly thought to be continuation patterns, a downside breakout would not be considered a favourable trading scenario (unlike the upside breakout scenario highlighted above).
AXM.V -- $47M mcap play with a proven $900M+ GOLD depositAXM.V should be on the radar of every #gold investor. $47M mcap company with NI-43-101 compliant resource worth $700M+ USD in the Central African Republic and other promising projects in Africa. Rapidly improving security situation and recently announced strategic partner point to a major opportunity, imo.
Bullish MACD cross on the daily chart, bullish RSI/Stochastic following a gap up on the Strategic Partnership LOI announcement. The line "First Strategic Partner" in the latest news release seems to indicate that more material developments are on the way.