Go Long on Mining Stocks $BHPBHP breaking out to the upside soon?
The chart pattern is showing an uptrend bull flag.
Miningstocks
IAMGOLD CORPORATION - a long position swing tradeSUMMARY:
IAMGOLD is a mid-tier gold mining company operating in three regions globally: North America, South America and West Africa. Within these regions the Company is developing high potential mining districts that encompass operating mines, construction, development, and exploration projects.
SWING TRADE:
Entry 'long' @ US$ 3.30
Price action has completed a abc (zigzag) pattern and has now corrected with a (bearish, any three wave / X-wave)
On a higher degree look from fractal perspective price action has completed (the A-wave) and the recent drop being the corrective (B-wave) setting price action up for a final (C-wave) which always is a 5-wave sequence.
I'll keep you updated along way... if there are any changes in price action I might take profit early or cut a loss without hesitation. but I'll give the trade time to develop.
Never marry the trade! Trade safe, be well.
- Omar Djurhuus
$NLC.V Potential breakout underway after Positive NR on Li MineNEO Lithium has been battling the last couple months. Great opp to buy the dip in mid may as I shared on Twitter/Substack. Today they released information updating the amount of High/Medium grade Li available at their Brine Mine location in the Lithium Triangle. NLC can now claim to hold one of the world's largest Li resources. They also have some of the highest test/quality Li.
Arrow indicates how the mean price acted as resistance just last week. So I see that as an area of Significance over the next couple days/week for buyers to control price at this range. Volume will be key here as well. If NLC fails to crack, look to see if it can hold the upwards new trendline and/or 9 day ma.
VWAP anchored from the high also shows that buyers are in control as we are trading above it. Look for continued curving of the VWAP to the upside. Catalysts yet to come for NLC later this Summer are the publication of the DFS and a potential offtake agreement with CATL, or financing from another partner downstream.
I have a long position in NLC.
Please do your own DD and follow your trading rules.
Cheers,
Luke
Can This Tokenizing FinTech Maintain Its TrendI'm hoping ABXX can keep the support along the cup and handle trend.
New support was recently found around $3.33. The Simple Moving Averages on the 4 hour and 6 hour charts are both crossing at $3.64.
$3.64 also acts as a resistance point on the hourly chart as shown below.
Huge resistance is coming around $3.70. The next major resistance level is at $4.00.
A close up on the 4-Hour chart shows a gap that must be filled around $3.95.
Zooming out to the Daily chart, we are on candle number '7' out of a '9' candle trend.
Hopefully after this '9' candle-trend to the downside is complete, ABXX shareholders should see bluer skies ahead.
I do not give financial advice, but you can see my earlier, more in-depth analysis of ABXX & ABXXF under my 'Related Ideas'. I do adjust trend-lines and other info as the chart changes.
I really like this FinTech company, it's team, and their mission. This a great play for investors like me who are interested in:
ESG (Enviromental/Social/Governance)
Blockchain technology & Tokenization
Mining, Precious Metals, LNG (Liquified Natural Gas)
I try to follow the smart money. I am long ABXXF.
Asante Gold Corporation - 2021 - H4Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9/U.S.OTC:ASGOF)
About Asante Gold Corporation
Asante has announced plans to co-list its shares on the Ghana Stock Exchange, and is sourcing funding to develop its Kubi Gold Mine project to production. Asante is also exploring its’ Keyhole Project, Fahiakoba and Betenase concessions/options for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle.
report that it has received notice from the Minerals Commission of Ghana that eight highly prospective concessions covering approximately 314 km2 have been recommended for transfer to Asante.
These licenses are comprised of the Diaso (104.1km2), Juabo (59.2 km2), Manhia (18.69km2), Dunkwa Gyimigya (32.72km2), Gyimigya (5.52km2), Agyaka Manso (40.0km2), Amuabaka (28.86km2) and Nkronua-Atifi (24.97km2) prospecting licenses (PL’s). All licenses are being acquired, on an as issued by the Minerals Commission basis, from Goknet Mining Company Limited (the “Vendor”) pursuant to the terms of agreement with Goknet dated December 28, 2016.
Gold Terra - 2021 - DailyAbout Gold Terra's Yellowknife City Gold Project
The YCG project encompasses 800 sq. km of contiguous land immediately north, south and east of the City of Yellowknife in the Northwest Territories. Through a series of acquisitions, Gold Terra controls one of the six major high-grade gold camps in Canada. Being within 10 kilometres of the City of Yellowknife, the YCG is close to vital infrastructure, including all-season roads, air transportation, service providers, hydro-electric power, and skilled tradespeople.
Mountain Boy Minerals - Daily - 06 2021About Mountain Boy Minerals
Mountain Boy has six active projects spanning 604 square kilometres (60,398 hectares) in the prolific Golden Triangle of northern British Columbia.
Pure Gold Mining, Bullish Swing Trade!1SUMMARY
Pure Gold is a growth company, located in the very heart of Red Lake. Pure Gold’s largest shareholders include three global gold leaders and visionaries. Eric Sprott, AngloGold Ashanti and Newmont, the largest gold producer in the world.
Our leadership and management teams have deep roots and experience in the geology of the Red Lake gold district, and direct hands-on experience from years of on-site exploring, mining, and producing high-grade gold in this area.
Our Mandate.
Our mandate is pure and simple. To dream big. To draw outside the lines. To use smart science and disciplined creativity to exponentially increase the size and scale of our high-grade gold assets along Pure Gold’s 100%-owned property – historically the second-largest gold-producing property in the Red Lake District.
Our Objective.
Our objective is also pure and simple. To develop a highly-profitable long-life gold mining company in the heart of Red Lake, becoming Canada’s next iconic gold producer.
Our Phased Growth Strategy.
Our growth strategy is very disciplined, very methodical, and financially sound. To expand organically, and develop Pure Gold’s multi-million-ounce high-grade gold asset incrementally, step-by-step, using a Phased mining development plan to deliver maximum profitability.
Our Long-Term Vision.
Red Lake gold systems have deep roots. Our aggressive exploration program is designed to generate exponential growth in the size and scale of our multi-million-ounce gold asset over time, by systematically drilling beneath and adjacent to our existing reserves. We expect to be mining here for a long time.
Our Discovery and Growth Engine
Pure Gold has defined a 2.1-million-ounce Indicated Resource, and a 0.5-million-ounce Inferred Resource at the PureGold Mine. Mineral resources are inclusive of Probable Mineral Reserves of 1 million ounces of gold grading 9 g/t. 1,6
We believe this is just the tip of the iceberg...
Want to know more visit their webside: www.puregoldmining.ca
I am biased I own shares. Do your own due diligence. Trade safe, be well :)
MSLV -- Bonanza gold/silver grades; cheapMSLV presents a very attractive opportunity in the mining friendly district and with gold/silver hitting fresh highs. Fully funded for this year. Strong management which is marketing savvy. Churning through IPO paper but could explode at any moment, IMO.
...
Mantaro Silver Corp. Introduces High-Grade Sampling Results from Recent Program at Santas Gloria Silver Property
VANCOUVER, BC, June 2, 2021 /CNW/ - MANTARO SILVER CORP. (TSXV: MSLV) (the "Company") is pleased to provide an update on its high-grade silver Santas Gloria Silver Property, located 55 km east of Lima, Peru. The Santas Gloria Silver Property, which is 100% owned, is comprised of three mineral concessions totaling 1,100 hectares.
Highlights of Santas Gloria Silver Property:
- High-grade Underground Channel Samples of over 10,000 g/t Ag at the Tembladera Vein and over 4,100 g/t Ag at the San Jorge Vein in Mantaro's recent exploration program (see Figure 1 for all silver results of the program).
- High-grade gold of 56 g/t Au at the Kelly Vein in Mantaro's recent exploration program (see Figure 2 for all gold results of the program).
- Approximately 16 major veins and vein splays with a cumulative strike length of over 12 km.
- Planned 7,500 metre drill program for the Tembladera Vein System, San Jorge Vein System, Kelly, Maribel and Paquita Veins.
There are over 12 kilometers of intermediate sulphidation veins and vein splays arranged into a number of key target zones: the Tembladera Vein System, San Jorge Vein System, Kelly Vein, Maribel Vein, Paquita Vein and Rosario Vein. The system has never been drilled tested and exploitation of silver was limited to two areas of the San Jorge and Tembladera veins.
Barrick Gold: Bullseye? 😎😎😎With the current losses in the price for the Barrick Gold Corp. stock, we are perfectly on track to move all the way down under the support at $13.01. There, we will have amazing opportunities to re-enter the market on the long side. If there is no sustainable breakout above $24.95, our primary expectation will remain in place.
Happy weekend!
K2 Gold Corp. Phase 2, SUMMARY
K2 is a junior resource company focused on exploring for gold in California and the Yukon. The company plans to grow by acquiring further mineral properties in North America and by leveraging the Chairman’s past successes.
K2’s Chairman, John Robins, was the founder of Kaminak Gold. Kaminak sold the Coffee deposit; a multi-million ounce gold resource to Goldcorp for $520M in 2016. It will also continue to utilize its strength and good reputation in financial markets to ensure adequate financial resources for the projects it acquires or discovers.
NEXT STEP
Phase 1 – Completed:
§ Drilling 4 sites/17 holes (Oct-Nov)
§ 422 rock samples of Upland Valley
§ Engaged Lone Pine and Inyo County stakeholders:
§ Office in Lone Pine
§ Local employees and California PR support
Phase 2 – Drilling Program:
§ Additional 30 sites in East Zone (site of Phase 1
program)
§ Received Acceptance from BLM for Plan of
Operations for Phase 2 exploration program; to
begin NEPA process – March 23, 2021
Read their Presentation, link below.
www.k2gold.com
I am biased. I own shares. Do your own due diligence.
WIN.V -- Oversold; AI mining target generation similar to SPOT.VWIN.V is currently under pressure from the .06 financing paper that hit the market last week. A large part of it was likely pre-shorted. 65% retrace from the recent highs, RSI hitting oversold levels... it feels increasingly like capitulation.
This may not be the bottom but it makes for a very attractive entry (scaling in) below recent .35 private placement and insider open market buys in the .30s and .40s. The company will have steady news flow during the summer-fall drilling season. They are cashed up for 2+ years (per recent CEO interview). Do not be surprised if it follows SPOT.V trajectory which I called at .13 when it was bogged down by cheap PP paper and that ran up to .90 (7x) on subsequent rebound. Given insider commitment, strong cash position and consistent growth, WIN.V has similar potential, in my opinion.
The next HCMC type play?ABML corp is chilling near the 200 EMA. OTC might make me OCD on the juicy returns.
It looks like it's been consolidating once it bottomed near $1.
A lot of hype surrounding this stock, but hey it's good for the environment. Similar to Redwood Materials but this is hot right now and in Market.
RR ratio always needs to be 1:3+ for me
As per usual, this is a speculative play and just for fun. The closest imitation to HCMC I could muster. Except that was a gem and once off.
Have fun traders. OTC:ABML
(Disclaimer, not financial advice just my opinion)
WIN.V -- Oversold, on watch for a bounce...WIN.V is hitting oversold levels with some shares from earlier financing hitting the market but looks overdone. Could see oversold bounce.
Gold - Bullish Weekly Close Above Resistance !The breakout was confirmed, with a small pullback on the daily chart.
After a few months of consolidation, gold seems ready to test previous highs.
Technical analysis update: KGC (3rd May 2021)Bullish thesis is supported by crossover in Stochastics as it oscillates around low values. Furthermore, the RSI appears as it have already bottomed out and started its reversal to the upside. Fundamental factors in precious metals market are also in favor of gold minig stocks as price of gold is currently little below 1800 USD per ounce and continues to rise. Our medium term price target for Kinross Gold Corporation is 7.70 USD per share.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Hecla Mining - good buying spot if it can break 6.5 USD?Hecla Mining is in a fairly new upward trend and is now at the bottom of a rising trend channel. I would be looking to buy if the stock price can cross the small black bar - that is around 6.5 USD. It benefits from increasing silver and gold prices (which is seen in the increasing net income) and the company is the largest primary silver producer in the U.S. Earnings report is due in two days - so the cautious investors could wait for the report.
PLM, Cheap, Potential ReversalPLM, Daily, potential reversal: Bullish shark + Class A bullish divergence & double daily engulfing candlesticks. Stochs are crossing upward in the bullish control zone, too: big. Easy R:R management as this is a potential cycle bottom for metals and mining explorers.
COBALT ETF (ASX:JRV+ASX:COB+ASX:CLQ+ASX:CLA+ASX:AUZ+ASX:ARV) I've created a list of companies to represent the price of Cobalt Mining Stocks on the Australian Stock Exchange, similar to an ETF.
Cobalt appears to be in early stages of a market cycle with utility across high-growth technology/industrial sectors: electric vehicles (lithium-ion batteries), semiconductors, renewable energy, etc.
Please do your own research before making an investment decision, this is not financial or investment advice. Due diligence is important.
TA to Support FA as FireFinch set to Break Out on Big News EventFFX Looking to break through historical support as we break through short term resistance at 27.5c on near term news flow supported by Gold and Lithium sentiment with blue skies until we hit historical price support now walls as we look to retest 53c first test and 81.5c all time high.
A lot will depend on greater sharemarket movements but with a lithium demerger in a lithium bull and the upramping of the gold mill with an aggressive drill campaign shoring up greater reserves and grades its hard to see company specific news pushing the stock to align with the above T.A.
METALS - GXYModel Forecast for Galaxy Resources Ltd:
- Model has produced Line of Least Resistance Elliot Wave for GXY.
- Cup and Handle breakout.
- Galaxy Resources is a leading producer and developer of lithium.
- We are bullish on commodities, especially metals.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
