Iranian crypto mining industryThe Iranian economy is struggling to deal with economic problems. U.S. sanctions hurt the local economy. One of the possible solutions for Iran was to authorize crypto mining. However, to start crypto mining, potential investors might receive permission from Iran’s Ministry of Industry, Mine, and Trade. Another condition is that crypto mining should take place outside of provincial centers. They even specified that miners have to establish such facilities at least 30 km from the provincial centers.
It does not mean that citizens can use cryptocurrencies to pay for the products. The Iranian government released a new law on August 4 regarding this issue. According to this law, the Iranian government is not going to recognize any domestic transactions which involve cryptocurrencies.
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NCM targeting all time high and the 2.618 fib levelNCM looking golden. Shorts around all time high resistance and longs at overall support level.
SPROTT INC - TSX: $SII OTC: $SPOXF Flagging, AgainAfter breaking-out in June and then subsequently digesting that move for several weeks within a Flag pattern, shares of SPROTT INC - TSX:SII OTC:SPOXF are once again in Flag mode having broken to higher ground a week ago and digesting the recent thrust into northern territory as evidenced in the Daily chart above.
In addition, SII currently trades above all of its important moving averages 20/50/200 DMA's, which depicts a healthy technical posture.
Furthermore, when one extends out their timeframes to the Weekly and particularly the Monthly, SII finds itself in excellent technical shape across all durations. A picture of health.
For those who read our work consistently, it's no secret that we remain extremely constructive on the Metals, both Gold and Silver, continuing to believe that we are merely in the very early innings of a re-emerged bull that will likely prove beneficial for the precious metals equities in the weeks/months and years ahead.
Thus, both investors/traders may want to continue to monitor the action of SII in the days/weeks ahead for signs/clues that the stock is ready for another leg higher out of its present Flag.
Nonetheless, while pullbacks can occur and should be expected over the course of time in order to build additional cause/energy within the precious metals space, we believe that SII has potential for significant price appreciation moving forward.
NCM Kissing the 1.618 fib levelHey guys its bokchoininja here bringing you another analysis. This time we're doing NCM. Newcrest mining looks about to break out of resistance unless we see a pull back by tomorrow when the action starts. Newcrest is looking poised to hit the 2.618 if we do break above the resistance zone. If we just kiss the 1.618 we are looking to fall down to the love heart box at the 0.618 level. Check out aweeboneshTV on youtube for more content!
Short it to the fib levels! FMG shares AustraliaHi guys its bokchoininja here with another fibonacci analysis. In this analysis I highlight three critical zones of support and resistance predicted by good old fibonacci ratios. We had a nice kiss on the 1.618 level and are struggling to break past the current resistance zone. If we do break past we are headed upwards but the resistance box is where i have my buy orders. Check out my youtube for more info AweeboneshTV :D.
RIO Big Picture Fibonacci zonesAs you can see mining stocks have been hot in australia for 2019. However there is a lot of resistance coming up shown by the aeroplane box formed by fibonacci extensions. I would short rio in this box and wait for a pull back either to the 0.382 or 0.618 fib extension. If we break this resistance or eventually retrace back to the penguin box, I would have my eyes on the rocket box way up there.
BHP Resistance and Support zonesAs you can see the price is getting very close to the fibonacci zones drawn on the chart. We can expect to see a pullback to the lower box if we do not break above the upper resistance box. That being said If my short does not go to plan and we break above we are targetting higher highs. Check out my youtube channel at aweeboneshTV for more ideas :D
HVBTF - Leveraged Crypto OpportunityHey everyone. Here's a dirt cheap stock that's still down 88% (even more measured from the wick) from the 2017 mania. If you want to leverage a small investment without taking on the cost and risk of margin trading, this may be your ticket.
This has already been good for one great trade using the 5 period RSI system from my previous ideas and it stands to be a 10+ bagger if/when it returns to its ATH. The challenge is that you have to be in position for the move when they announce earnings. Unlike other blockchain and crypto stocks (i.e. Grayscale) it doesn't really correlate to daily crypto price moves. This one is more earnings, news, and sentiment driven.
There's no guarantee that December was its low point, but that can be said for the entire crypto market. Considering the majors have risen 300% and beyond, I think the risk is to the upside with this.
Not financial advice & do your due diligence.
AMERICAS SILVER CORPORATION - NYSE: $USAS Requires Your EyesEarlier this month, shares of AMERICAS SILVER CORPORATION - NYSE:USAS recaptured its 200 DMA and has subsequently put in a nice rush into higher ground on the heels of the recent move in Gold to multi-year highs as we can observe in the Daily chart above.
In addition, USAS now finds itself trading above all of its important moving averages 20/50/200 DMA's, which depicts a healthy technical posture.
While the stock may be in need of some consolidation at present after its recent surge, we're monitoring the action closely as we believe that any signs of weakness or pullback from present levels may provide opportunity.
Thus, both investors/traders may want to keep a close eye on the action moving forward as we suspect that USAS has eyes for the $2.60-$2.70 zone and when and if achieved, we may just witness a run into the $3-$4 zone in the not too distant future.
LIBERTY GOLD CORP - TSX: $LGD.TO OTC: $LGDTF Buy On PullbacksOver the course of the past several weeks, market participants were witness to a major multi-year break-out in Gold, the physical metal, and as a result, numerous precious metal mining stocks have found the wind at their backs and have followed-through with exceptional upside action with LIBERTY GOLD CORP - TSX:LGD OTC:LGDTF one such example as evidenced in the Daily chart above.
With the stock recapturing its 200 DMA and now trading above all of its important moving averages 20/50/200 DMA's, LGD finds itself in a healthy technical posture.
In addition, when one extends out on the time-frames to both the Weekly and Monthly durations, we can see that things are certainly taking a favorable shape with LGD .
Thus, while we suspect that Gold, the physical metal, may be in need of some consolidation in order to digest its recent run, we continue to focus on those precious metals miners whom exhibit favorable characteristics and seek to do additional buying on weakness/pullbacks.
Therefore, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for potential opportunities and put LGD front-and-center on their radars.
GENERAL MOLY INC - NYSE: $GMO ConsolidatingAfter recapturing its 200 DMA last month (May), shares of GENERAL MOLY INC - NYSE:GMO have found themselves in consolidation mode on lower volume for the past month as is evidenced in the daily chart above.
With the stock trading just beneath its 20 DMA, yet comfortably above both its 50 and 200 DMA's, GMO remains in relatively decent shape from a technical point of view.
Furthermore, when extending the time-frames out to both the Weekly and Monthly durations, GMO also looks to be in fairly good shape from a longer-term perspective and may just be seeking to move up-and-out of its multi-year base.
While further work remains, both investors/traders may want to continue to monitor the action moving forward as we suspect that should the entire metals landscape heat-up in earnest, GMO may just prove to be in the early innings of a powerful move to come, particularly for those investors with a longer-term time horizon, while in the short-term, it would not surprise us the least if we were to see a double from present levels.
NVDA - Crypto junky in Search of a hit!I remember when I got a 16mb Voodoo graphics card when I was 10-12. Best card I ever had. Played Diablo 1 and Warcraft 3 for days. Nvidia is a good company, but really their recent growth worth mentioning is crypto. Now that Btc price is picking up, it is no guarantee for Nvidia. Lots of Alt coins were mined last year and a boat load of cards are sitting around collecting dust. Heck to buy a 1080ti is big money still! Even used!!! Yet it doesn't reflect in sales. The whole semi market is growth slowing and the chart reflects it. I wouldn't short yet, as we get closer to earning report. This is going to be an ugly Q2 earnings season this summer. Like when you wake up from a drunken stooper and you dragged some mammoth home from the bar and the makeup is all over your second pillow.
AMI resources long 0.42 -0.40i have been sitting out of the markets the past week with only few long term holds but, AMI resources seen incredible gains last year, but has since been falling after breaking its trend. the long term trend is still intact on the 1W and lines up perfectly with the 0.618 FIB.
More upside for Rio Tinto pre-earnings?Recognia is flashing am Elliott Wave 3 extension for Rio Tinto, with a price target of $73.86. I'm skeptical that we'll get that high, because it's outside the current trend channel, which I expect to break after RIO reports earnings on August 1. However, I do think it's likely that there's upside ahead as we approach the half-year earnings date. RIO has a low P/E for the industry and a high rating from all the analysts. In addition to the upcoming earnings date, RIO goes ex-dividend August 8. With a 6.33% dividend, the approaching dividend is a significant upside catalyst for the stock.
However, there's risk of a trend channel breach on June 16, when RIO publishes its quarterly operations review. Last year, RIO broke downward out of its trend channel on June 15, for reasons I don't fully understand.
CG1! $GOLD - Monthly LookWhile the action in Gold (physical metal as well as mining equities) has scared-out; worn-out and frustrated many over the past six years consolidation as evidenced in the Monthly chart above, nothing much has changed from a longer-term perspective as the yellow metal has put in three higher lows over the course of that time period and continues to set its sights on the all important $1375 - $1400 zone.
While further work remains in order to clear the 1375-1400 hurdle, we believe that when such development does indeed occur, will likely set the stage for a powerful Phase III advance of its secular bull market that began in early 2000's.
In the meantime, both investors/traders may want to focus their attention on the bigger picture; i.e. longer-term view as both the short and intermediate-term blips and dips serve only as noise. With Gold having just experienced a sharp rapid rise, we would not be the least bit surprised if some digestion/consolidation were to take place in order to build further energy/cause before its next attempt at the all important 1375-1400 area.
Thus, for those whom remain engaged within the Gold and precious metals equities space, both patience and discipline are required and will likely serve you well in the offing.
EMX ROYALY CORPORATION - NYSE: $EMX One To WatchTECHNICAL
For the past year, EMX Royalty Corporation NYSE: EMX has traded in a range between $1 - $1.50 despite all the gyrations throughout the resource and precious metals mining sector. While many Jr. mining stocks have had a tough go of it for the most part with the exception of the very strongest names within the group, EMX has held-up and continues to display solid technical characteristics.
When observing the Daily chart above, we can see that EMX continues to trade above its 20/50 and 200 DMA's, suggesting a favorable technical posture.
In addition, when extending out to the Weekly and Monthly time-frames, EMX also portrays a picture of strength. Thus, we have favorable technical characteristics across multiple time-frame durations.
Therefore, both investors/traders may want to put the shares of EMX front-and-center on their radars for further monitoring moving forward as we suspect that when the next major advance ensues within the precious metals space EMX is positioned and poised to shine.
XYO up 63% on 5 dayXyo is looking good making a leap up over 50% today (6/6/19) resting on top of a prior support breaking through the resistance that knocked it back down from breaking through back on March 19. XYO is a cryptocurrency mined via the Coin App. It is given as a reward for sharing your geo-location information with the system. Its really cool and easy to get, Its worth some research. But don't take my advice discern all things on your own, with your own free will. have a great day! Peace
Bullish on gold?I'm not quite sure about that gap but this one seems like a good one to go long on, can be seen by the good volume.
$XALL To Close 2 More Acquisitions in the next two Months$XALL is on a tear and rightfully so. The company will be expanding its services to the crypto community.
finance.yahoo.com
$XALL Also is the 100% owner of the following subsidiaries:
The following corporations are all 100% owned by Xalles Holdings Inc.
Xalles Capital Inc.
Xalles Technology Inc.
Xalles Limited
ArrowVista Corporation
Amazing Living Enterprises Inc.
Global Savings Network Inc.
And will also be closing the following Acquisitions soon:
Closing Month Acquisition
April 2018 BlockForge Inc. (100%)
May 2018 Co-Owners Rewards Inc. (100%)
June 2018 Assets of “USA Savings Club” (100%)
The company is on the cusp of being one of the biggest Crypto stock movers of 2019 and has begun its ascent upwards.
Price target based on past price levels is $1.00