EGO: Best US-Listed Gold Stock To Watch In 2020?It was #2 of the top 4 best gold stocks to watch over the last 52-weeks. But compared to #1, which I wrote about on another board, I think the progress it has shown makes it stand out right now. Increased production, big potential reserves, etc. Something to keep in mind especially if the turmoil continues.
"RBC Capital recently initiated coverage on the gold stock. The firm rated it at “Underperform” and set a $6.50 price target. In November Eldorad updated its reserve and resources statement. This showed total proven and probable reserves of 384 million tons at 1.32 grams per ton of gold, containing 16.4 million ounces. Inferred resources at its combined properties – Perama Hill and Perama South – also increased by just under 760,000 ounces of gold."
Source: What Are The Best Gold Stocks? 4 Names To Know Right Now
Miningstocks
SBGL Continues To Boom But Why?I'm not complaining but lower production guidance and analyst downgrades aren't adding up in my opinion. But yet it was the top-performing gold stock over the last 52 weeks. Anyone have more insight on this that I might have missed?
"Furthermore, it guided its full-year U.S. PGM production would come in between 590k-610k. This was actually much lower than it had previously guided. But despite these results, the stock has managed to move even higher...Investec Asset Management Proprietary Limited has increased its total holdings from 4.9599% to 5.3343% of the total issued shares of the Company."
Source: What Are The Best Gold Stocks? 4 Names To Know Right Now
AII.TO -- Christmas Liquidation SpecialDeeply oversold at .43 (Daily RSI = 21) with a single seller reloading the ask. Trading at major discount to recent financing of .635. Last tranche is yet to close, so this is most likely one of the participants unloading a position. Stock tends to swing wildly when it gets oversold so I would not be surprised it will be back in the .60s after the iced ask is taken out.
FMC Take-ProfitSell signal at 99.05 $
Timeframe - 1 week.
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium.
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Avino - Downtrend It seems like ASM has been in a downtrend since late July. The good news is that ASM seems to be stabilizing with sideways trading. If we continue to trade sideways, we will break the downtrend and enter a new bullrun. Facts:
Elections are always bullish for gold and mining stocks.
Rate Cuts are bullish for precious metals.
Quantitative Easing is bullish for precious metals.
The Market is Severely Underestimating Inflation ExpectationsThe Repo market is proof that something is wrong with the system. It's an unsustainable system. Rates need to stay low and money needs to be printed in order to sustain this bubble - eventually this will create an intolerable amount of inflation.
As the market realizes that QE isn't temporary, that it is permanent until inflation is out of control, then inflation expectations will shift as people move into hard assets. While everyone's still talking about overpriced SPX and NDX, I'm bargain hunting in the metals market
Platinum is insanely cheap and looks poised for a surge. Platinum follows gold. Gold is broken out and headed towards $1700
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