Miningstocks
Anglo American - Bull run over?SELL – ANGLO AMERICAN (AAL)
Anglo American PLC is a mining company. The Company has a portfolio of mining operations and undeveloped resources with a focus on diamonds, copper, platinum group metals, and bulk commodities.
Fundamentals
Anglo American recently delivered an impressive set of half-year results, yet the share price has fallen significantly in recent days. The company underwent a radical restructuring plan in 2013 and this had paid of handsomely with the shares appreciating over 900% since the 2016 lows. The increased concern over trade wars between the US and China has impacted the share price considerably in recent days with the shares falling over 20%. This could be the start of a deeper correction.
Best Broker Target Price: 2900p (JP Morgan Cazenove 05/07/2019)
Worst Broker Target Price: 1200p (Liberum 28/02/2019)
Technical Analysis
Anglo American has moved sharply lower in recent weeks, breaking a key trend support line that has been in place June 2017. The horizontal support at 1870p has also given way following the gap lower on the week beginning 5th August 2019. This completed a double top formation and suggest further downside will be seen over the short to medium term. The targets are the 38.2%, 50%, 61.8% & 78.6% Fibonacci retracement levels from the lows in 2017 to the highs in June 2019.
Recommendation: Sell between 1800-1900p
Stop: 2135p
Targets: 1625p, 1465p & 1240p
AUS Vanadium - High Strength Steel InvestingVanadium oxide/pentoxide is used to harden steel to make high strength steel for concrete reinforcement, automobiles (thinner gauge/light weighting), and aerospace engines, and things like submarines. ASX:AVL UUUU
This is micro/small cap mining stock that specializes in vanadium pentoxide, which for HSS used near 15-18% with iron and reduces corrosion as well.
V2O5 is not mined effeciently by many and China will need for infrastructure. It showed the climb last year and dipping at 618fibretracement entry. wait for it.
Can't see correction below 0.618, Fib min-max values.
KAT - patiently waiting...we are still going down but buy signals are coming in. potential flip incoming...
SilverCrest Metals Inc. - NYSE:$SILV On WatchWhile both Gold and Silver, the physical metals themselves, have been the recipient of a strong move this past week, there are those precious metals miners equities whom continue to display excellent technical characteristics and find themselves perched in a favorable posture. SilverCrest Metals Inc - SILV being just one that garners attention.
When examining the Daily chart above, we can observe that SILV presently trades above all of its important moving averages (20/50/200 DMA's) and remains in fine technical shape.
In addition, if one were to zoom-out on both the Weekly and Monthly chart duration, we can also see that SILV continues to sport a healthy look across multiple time-frames, another positive for the stock.
Although further work remains, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead.
Should SILV be capable of taking-out the $3.90 figure at any point in the days/weeks ahead, such development would project all-time highs and Blue Skies ahead.
Thus, we at insiderfinancial.com continue to monitor the name closely and have it front-and-center On Watch.
NMXMassive capitulation candle. approx 90% retracement. and confluence on the Gann 1/4 Gann fan line suggests we should be looking for another entry point soon. I would not suggest entry until the 4hr or daily confirmation. Signals will be good after that
Harte Gold Corp. - High Grade GoldTSX: TSX:HRT
OTC:HRTFF
* Harte Gold Corp is an Ontario Canada-based company engaged in the acquisition, exploration and development of mineral resource properties with a focus on gold properties located in the Province of Ontario. It has interests in gold exploration projects, including Sugar Zone Property, which is located approximately 60 kilometers east of the Hemlo area gold mines and northeast of the town of White River, and the Stoughton-Abitibi Property, which is located over 110 kilometers east of Timmins and approximately 50 kilometers north-east of Kirkland Lake. Its exploration activities are focused on the Sugar Zone Property, which comprises approximately 29,435 hectares and covers an entire greenstone belt. The Company has conducted various diamond drill and other exploration programs on its properties.
* It holds a total of over four leases patented mining claims and approximately 340 unpatented mining claims consisting of over 1,845 mining claim units and covering an area of approximately 29,435 hectares.
* Producing High Grade Gold now as $250M Mkt Cap producer and bottom quartile for cost/oz. AU allowing high margins.
* Net debt. C$46M
Sirius Minerals - polyhalite fertizer miningICL OTC:SRUXF
Two companies with naturally mined polyhalite fertilizer. Sirius Minerals at 786Fibretracement and still has not seen decent correction to market since last Thursday uptick.
Viewers come to own opines. Watching this level for own watchlist.
Largo ResourcesLGORF
Vanadium Flake and high grade source to V2O5 for making high strength steel. 0.5% V2O5 will double the strength of steel. Above this it can improve corrosion protection and harden metals like in aircraft engines. It is also offering a new battery technology that is more reliable than Lithium-Cobalt-Manganese batteries. The stock has already jumped 148.5% since July and climbing back to Oct. 30 high of 3.48 from current 3.33.
Who will make Vanadium reflux batteries is my next question, anyone?
Watching from 786fibretracement and nearing Oct. 30 high.
REMX - CCI at point where upward movement occurs historicallyVan Eck Precious Metals is showing a CCI entry point for potential short-term to medium hold. I remain neutral and await more volume or price confirmation.
VanEck Vectors Rare Earth/Strategic Metals ETF (NYSEMKT:REMX), a tiny ETF with only $57 million in net assets, which emulates the holdings and performance of the MVIS Global Rare Earth/Strategic Metals Index.
Vanadium One Energy Corp. VONE
Vanadium One Energy Corp, formerly Vendome Resources Corp, is a Canada-based mineral exploration company. The Company focuses to acquire near-term production exploration mining projects and existing producers. It operates through the business segment of exploration for mineral resource properties. Primary targets are Vanadium and Magnesium. Titanium and Gold are other opportunites on their lands found. 2 lb. V2O5 to every ton of steel = 2x its strength, aka high strength steel. So the opportunity is still yet to be mined, but in a mining community as land mine leases. 29M shares and 2.9M Mkt Cap.
Note: The Company has not generated any revenues. Check out their website vanadiumone.com/presentation to know facts as anyone viewing and buyer beware.
King River Copper - ready to go up as Cu/V2O5 ready to go upKing River Copper: KRC HG1!
Copper is showing key crossing of 20/50/100 day MAv and this Australian miner also produces Vanadium Pentoxide used for High Strength Steel, Aerospace engines, and rebar for concrete reinforcement. Currently below 786 Fibonacci Retracement and low bid entry 0.05 area.