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.
Miningstocks
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.
Silver One Coming back to life !!Silver One - TSXV:SVE coming back to life. Insiders started to adding again and huge volume coming in pushing the prices higher after record CPI data.
Strong Management - ✓ - 9/10
Strong shareholders - ✓ - 9/10
Strong Upside - ✓ - 8.5/10
Reserves - ✓ - 8/10
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new position taken @ 0.31
Montage Gold - H4 - Nov 2021Montage Gold - H4 - Nov 2021
4.5M oz open pit deposit in Cote d'Ivoire being advanced rapidly to development by high Team. Feasibility study end 2021
Treasury MetalsTreasury Metals - Friday November 5, 2021,
raising gross proceeds of approximately $6.5 million through the issuance of 7.7 million common shares (the "FT Shares") that qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada) (the "ITA").
The gross proceeds raised from the Offering will be used by the Company to fund exploration programs that qualify as "Canadian Exploration Expenses" and "flow-through mining expenditures", as those terms are defined in the ITA.
Mountain Boy Minerals - H4 - Nov 2021Mountain Boy Results Continue to Support Potential for Its American Creek Silver-Gold Project in BC's Golden Triangle
Drill results include 704 grams per tonne silver over 0.8 metres.
Drilling confirms a mineralized system that extends for at least 2 kilometres and remains open in both directions along strike.
Surface work identified several new prospective areas with one grab sample at 15,640 g/t silver, 2.17 g/t gold, 0.73% copper, 3.23% lead and 13.75% zinc.
Results support hypothesis that American Creek is part of a large, potentially high-grade mineralized system.
Results confirm that American Creek has many of the characteristics associated with the large silver-gold deposits within the Golden Triangle.
AFRICAN GOLD - H4 - Nov 2021African Gold Group Closes Oversubscribed C$5 Million Private Placement
ursuant to the Offering, the Company issued 36,744,285 units of the Company (each a “Unit” and collectively, the “Units”) at a price of C$0.14 per Unit. Each Unit consists of one common share of the Company and one half of a common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.25 until November 7, 2023. If at any time after March 8, 2022, the common shares of the Company trade at $0.50 per common share or higher (on a volume weighted adjusted basis) for a period of 10 consecutive days, the Company will have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise this acceleration right.
PELANGIO EXPLORATION - H4 -Nov 20211200 Meter Drill Program Underway At Pelangio's Dome West Project, Timmins, Ontario
Highlights:
Deep exploration test of previously unexplored Vipond stratigraphy which hosts a substantial portion of the gold mineralization at the Dome Mine and Paymaster Mine; Vipond stratigraphy crosses the Dome West property boundary from the Paymaster at the 1000-foot (304.8 meter ("m") level)
Historical data from underground drill intercepts grading 21.6 g/t gold over 1.82m and 59.6 g/t gold over 1.98 m from the adjoining Paymaster Mine hosted within a feldspar porphyritic intrusive and a felsic fragmental volcanic respectively to the east boundary of the Dome West property.
Information to date suggests the gold bearing feldspar porphyry intrusive and felsic fragmental dip and strike respectively on to Pelangio's property.
BITF has likely reached bottom. Long target 15.The Bitcoin mining business is in a great position as investments have paid off and now that BTC is on the move for the final rush of the 4 year halving cycle the profitability of these mining firms will be solidified. Very few newer faster miners available because of the Chinese crackdown and semiconductor shortages. Very hard to find mining equipment. These mining machines with BTC above 50k pay off in 9 months, above $80k 5 months. If BTC hits $150k HUT 8 and BITF are money printing machines. But be careful to be out of your big positions by March. Track BTC price and you will know when to scale up and scale out. Unless they have a shelf offering sitting out there and run one like Hut 8 did it should be a fairly quick run up over the next one or two quarters. Up 16% yesterday the call options placed the day before were handsomely rewarded, but the IV will eat you alive so get in and get out unless you are selling options and even then try to do it on consolidation weeks. To be safe you could wait until she clears the Ichimoku cloud on the 4 hour timeframe.
$ANY Major cryptos have bin rebounding after the recent sell off$ANY finding strength. News was out today
1. Seeking Alpha article with a $45 price target
2. The first batch of its 7,200 BTC miners are now live.
An alert is set for 7.67 We want to see a retest and a strong solid candle close above this level for a possible brake out play.
NLC.V High Flag Volume Contraction into CatalystsNLC has been digesting its big move up over the past couple weeks. It is setting up beautifully in a flag with noted volume contracting and price tightening up. We are in what should be a busy month + for NLC with DFS due out within the next couple weeks + a US senior exchange uplisting. Keep an eye out for CATL, (I cant post a link in the text as im not on a pro sub) but they raised 9 billion through a share offering to finance a range of projects. One of which is likely Neo Lithiums 3Q project.
NLC leadership did a heck of a job raising capital last January over $3 CDN. They will likely be able to get another great deal in this price range as well. Likely something at the market funded by CATL + the uplisting + the brine mine starting up production near year end gives NLC some juice to move up over $5 CDN and more throughout the end of the year.
LAC.TO has been running lately, I find tracking a couple lithium miners helps give perspective to the market. NLC momentum built through august was pretty much handed off to LAC through sept. Of course the two aren't that connected but there are traders in every market, If lithium stocks hold and LAC hit selling pressure traders may come back to NLC and bid up the stock further on news.
Just some thoughts to consider, always do your own DD and follow your own trading rules. I own shares in NLC.V
Cheers,
Luke