Miningstocks
Arc in GDXJ / GDX ratio points to junior mining bullmarketIf you make a ratio of Gold Juniors to Gold Majors, you will find that there is an arc in the making since 2010.
It looks like we are about to enter the fun side of the arc, where juniors outperform majors.
This is historically often a sign of liquidity and luster returning to gold, in the form of rising gold prices, and risk securities outperforming.
Got Juniors?
Ready for a bullish breakout?It looks like this descending trendline will be broken in the following days/weeks. Then we could see a continuation of the bullish trend in this stock. According to fundamentals, it's somewhat likely that this mining corporation will benefit from the worldwide money inflation.
Technically, with a break of the trendline and a bullish impulse, the moving averages will line up, indicating an overall bullish chart picture.
$BTCM BIT Mining Ltd R/R is insaneBack in on this one.. the Risk VS Reward on this is absolutely massive and as always Bitcoin will lead the dance so you have a warning if you need to get out.
I am long at $2.70 with a stop loss set to 2.50 which hasn't ever happened in the stocks history but it has been worth $50 before...
Again, this is not the best Bitcoin or even crypto mining company to invest in but it is absolutely the best trade in the boomer market for crypto right now IMO.
Vox Royalty finds weekly supportI am going to assume that the price of gold is supported around the $1800 for the rest of 2022. If that level were to break, and a bear market ensued, precious metals miners, #GDX, etc. would come under pressure and the current rising tide that is lifting all boats would recede and companies like Vox Royalty Corp may come under pressure becue of sentiment.
Fundamentally, the Vox Royalty story goes from strength to strength and this coming earnings report should highlight the accretive nature of the current producing royalties which will form a base for what happens in the rest of 2022 and then beyond. With all that said, I don't think we get back down to C$2.69, which is the previous support, imbalance. This week's low dipped into C$3.66 and was rejected, which to me shows that the support level is currently there with the volume confirming the price action.
Looking left across the chart, there is no level of market structure to worry about, which means liquidity runs above C$4.00 is the path of least resistance.
AUY's Inevitable Path to $7Is it finally time to be bullish on gold and silver mining stocks? A lot of indicators are pointing to YES. There will certainly be pullbacks along the way, but with interest rates rising and war tensions overseas, precious metal stocks are beginning to gain a lot of interest. NYSE:AUY will be the perfect example of that.
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COPX LongAMEX:COPX
The Global X Copper Miners ETF (COPX) provides investors access to a broad range of copper mining companies. It seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Total Return Index.
www.globalxetfs.com
Mara is queued for lift offwith BTC making a strong recovery the past 3 days breaking from its bearish trend this next week 2/7 - 2/11 will be a large week for miners such as NASDAQ:MARA NASDAQ:RIOT and NASDAQ:HIVE . Key indicators of this will be BTCs strength and overall market stability. with MARA down 35% as of 2/3 and BTC continuing to show moderate strength and stability in its recovery we can expect these tickers to play catch up to BTCs leaps.
I currently hold 2/11 $22.50 Calls that i am expecting to 3x this week as we see the rise begin again from year lows.
FIRST QUANTUM MINERALS - LONG TERM BULLISHFirst Quantum Minerals shows an interesting long term chart pattern. On lower timeframes, FM completed its corrective wave (2) at 50% of the fib retracement and price has broken the terminus of wave (1). This provides confirmation that an impulsive wave (3) in now occurring and we could expect the next target levels.
1. CAD$ 58/share
2. CAD$ 74.45
Disclaimer: This technical analysis is intended for educational purposes only and must not be taken as investment advice.
UURAF - Rare Earth Element Prospector CompanyMining, especially Canadian has been in panic sell zone for past week, while some stability returns to the market and likely more cash stock owners.
UURAF speculates in rare earth elements, which if Foxconn builds in So. Dakota they'll need domestic sources and UURAF owns some IP for extraction
and will license. Low interday of 0.081 and now at 0.09 to close the week. Watching 1/3 in.
UURAF
Big mining stocks, diversified metals:
RIO
RHP
CCJ
DNN
Iron Ore:
CLF
Copper:
SCCO
Treasury Metals - D1 - 2021Treasury Metals - D1 - 2021
last news : Treasury Metals Announces Closing of Private Placement Financing
$RIOT breaking key resistance level. Road to ATH? I believe if this week manages to close candle above 40$ level, it will go to ATH.
It has been consolidating for months on a wide range, so the breakout alongside $BTC could be huge and fast.
With earnings next week and BTC trying to break ATH level it seems a pretty interesting trade to hold on year's end bull run.
I will buy some shares on Friday depending on price action, and Monday will add some weekly 40$ calls if BTC shows strength during weekend.
NOT FINANCIAL ADVISE.
Iron ore and Iron stocks - can we expect a rebound?Charts look absolutely similar between iron futures and iron mining companies.
SGX:FEF1!
ASX:FMG (Australian Iron Giant)
ASX:CIA (Australian Mining Company) - in the main chart
NYSE:VALE (Brazilian Iron minor listed as US depository)
Looking at Iron future's previous retracement - which is almost equal to 0.786, we may be in the oversold territory.
While CIA shows strong bullish divergence
FMG and Iron futures show bearish hidden divergence following strong bullish divergence.
Conclusion:
Good to open small position and wait for next leg up and pullback. Cut losses if new lower low is made.
Bullish Fundamentals and Technicals !!before saying anything I would like to mention the upcoming Drill results which could be a serious catalyst for the price of Labrador Gold corp. So in term of due diligence I do not just speak to Technical chart but also to extensive research such as Grades ,jurisdiction, financials and more.
with that in mind, looking at TSXV:LAB one cant not notice the following Indicators:
-Bullish diversion in Momentum in the MACD : ✔
-Bullish diversion in Momentum in the RSI : ✔
(which are both signalling upside in the near term)
-also the STH Daily Bollinger bands are signalling a contraction to the upside : ✔
With regards to further TA :
-Double bottom Formation : ✔
-possible Resumption of 200 Simple moving average : ✔
-Breakout from diagonal resistance and back test : ✔
The Chart is screaming BUY BUY BUY BUY !!!!!!!!!!
RIO2 - The definition of Cheap & Low RiskInsider-Buying is ramping up:
01 Oct 21 Buy CA$2,750 Andrew Cox Individual 5,000 CA$0.55
10 Aug 21 Buy CA$201,500 Albrecht Schneider Individual 310,000 CA$0.65
10 Aug 21 Buy CA$341,250 Alexander Black Individual 525,000 CA$0.65
10 Aug 21 Buy CA$25,025 Kathryn Johnson Individual 38,500 CA$0.65
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Stock in the growth
Strong insider-Holding : ✓ - 23% (10.2% Eric Sprott)
Strong Management : ✓
RIO2 : President CEO, Founder Alex Black
previously president ,CEO & Founder of RIO ALTO Mining Ltd
previously president ,CEO & Founder of Chariot Resources Limited
Huge success in developing and taking into production previous Mining companies.
Strong Reserves : ✓
Undervalued : ✓
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Based on our analysis this stock should be sitting at a conservative value of $2. 40 @ $35 silver price
Maple Gold Mines - 2021 - Daily - 14NovMaple Gold Mines - 2021 - Daily - 14Nov
last news : Geotech Ltd. has been contracted to complete a regional high-resolution airborne magnetic and electromagnetic ("Mag-EM") survey to support exploration drill targeting across 266 km² of JV-controlled ground. The Company has also appointed Wilma Lee to the position of Vice President, Compliance & Corporate Secretary, effective immediately.
Newcore GOLD LTD - Ghana explorer - H4Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s largest gold producer (1). The Project currently hosts an Inferred Mineral Resource of 1.41 million ounces of gold at 0.62 g/t (2). Newcore Gold offers investors a unique combination of top-tier leadership, who are aligned with shareholders through their 27% equity ownership, and prime district scale exploration opportunities. Enchi’s 216 km2 land package covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several 5 million-ounce gold deposits, including Kinross’ Chirano mine 50 kilometers to the north. Newcore’s vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.