XAUUSD - Long Discussion - Video. I see this recent drop in XAUUSD as a natural process for the previous break above resistance for Gold.
Time will of course always tell.
Manage risk, use stops.
Preciousmetals
Technical analysis update: XAUUSD (14th July 2021)Gold keeps rising as we correctly predicted. RSI, MACD and Stochastics remain bullish. ADX undergoes reset. We decided to change our 1850 USD medium price target to short term price target. In addition to that we would like to set new medium term price target to 1875 USD.
Thoughts from 30th June 2021:
Here we hinted at divergence between RSI and price of gold. We also noted that this would lead to reversal in price direction. Then we achieved price target of 1810 USD.
More thoughts from 11th June 2021:
Here we warned investors about higher volatility around FOMC date and possible plunge in XAUUSD.
Prior developements from 26th May 2021
Here we stated that gold started to reach overbought condition.
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.
Vox Royalty - GDX,FNV,RGLD & WPMComparing 3 large precious metals royalty companies and the VanEck Vectors Gold Miners UCITS ETF (GDX), shows how the Gold miners and large-cap royalty firms have a similar relationship within the market.
Recently the price action in Vox Royalty has started to find that it too can benefit from a rising market and good news flow. In the past VOX Royalty has been a more volatile ride but steady progress towards their goal of building a portfolio and bringing value to their shareholders.
A few months ago news of Letters of Intent and Public Offerings was announced. The raising of capital was to purchase royalties and assuming completion of the transactions under LOI and a midpoint of 25 royalties acquired, the Company’s portfolio will consist of seven producing assets (an increase of 75% compared to its four producing or construction-stage assets in 2020). In addition, six of the royalty assets subject to LOIs are currently in a development stage and the remaining 16 royalty assets are in the exploration stage (based on an assumed acquisition of 25 royalties). Assuming 25 of the royalties under LOI are purchased, the Company projects that the underlying royalties are expected to generate between C$3 million and C$7 million of incremental revenue in 2023.
Vox Royalty - Strong closeGold has once again held the $1800 level and is relatively strong after the US cpi print.
Precious metals holding their head against transitory inflation and a strengthening US dollar.
Small-cap companies should lead Large caps, so I am keeping an eye on Vox Royalty who finished with a nice green candle and towards the highs of the day.
Tradigview technicals are signalling a buy, getting above the recent swing highs are key to a continuing uptrend, so I am looking for price to now stay above the daily 20 ema.
Gold: Weekly Forecast 20210711Gold has climbed for the 3rd consecutive week since it rebounded off from the neckline of a previous double bottom.
Resistance is currently seen at 1815 as gold kept getting rejected multiple times and ranged for 4 days already.
This could very well bring about another pullback based on the volume and the duration of the current bullish wave.
However, given the fact that it was able to close and stay supported at the resistance turned support level 1795, we shall adopt a more bullish view and look for buying opportunities.
We are expecting pullbacks at the beginning and will be looking to buy from 1803.
And if the gold is able to trend and break 1820, we see a potential of reaching 1860 as there won't be much resistance in between.
Technical analysis update: XAUUSD (9th July 2021)Recently we correctly predicted reversal in the downtrend of smaller degree (correction). Subsequently our price target of 1810 USD per ounce was reached. Currently, RSI, MACD and Stochastics are bullish. Our new medium term price target is 1850 USD per ounce.
Thoughts from 30th June 2021:
Here we hinted at divergence between RSI and price of gold. We also noted that this would lead to reversal in price direction.
More thoughts from 11th June 2021:
Here we warned investors about higher volatility around FOMC date and possible plunge in XAUUSD.
More thoughts from 19th May 2021:
Here we observed that gold was reaching overbought condition.
More prior developements from 16th April 2021:
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.
VOX Royalty up 13% since Mid-JuneVox Royalty (CVE:VOX) has been down despite a constant news flow including, entering into binding agreements to purchase a 0.633% net smelter returns royalty and associated advance minimum royalty payments of over C$120,000 per annum on part of Gold Standard Ventures Corp's (CVE.GSV) Railroad-Pinion Gold Project, located on the prolific Carlin Trend in Elko County, Nevada, for US$1,980,000.
The price action over the last few days has been positive and is opening up the possibility of further gains as technically we're entering into higher highs and higher lows
How does Gold fit in the current macro picture?Many people think of gold as an inflation hedge, which isn't actually correct. Gold is a hedge on many other things and it has various interesting 'properties', however in the world we live in right its role is definitely isn't as clear as it used to be. Gold is a safe haven asset, but every time we get a liquidity crisis gold gets punished and the rises quickly. So why hasn't gold performed well while inflation was high, and what should we expect now?
To me gold isn't in the best spot right now. There are multiple triple/quadruple bottoms in the 1680 and 1450 areas, and the area below 1380 was never retested as gold broke out in 2019. So essentially these areas are areas of high liquidity which the market either wants to tap or truly break lower. Because all the people that bought there, can't make money and if they do it will be a rare occasion (such bottoms rarely hold forever except if they come when the market has formed a massive base after a long bear market).
Gold has tested both the monthly and yearly P and has been rejected twice. In that area we also have some horizontal resistance and the 350 DMA... So the momentum for gold isn't bullish, especially as the 2011 ATH turned back into resistance as gold failed to break and sustain above it. Until that ATH breaks cleanly, we should be cautious. Now if it manages to close above the pivots, chop for a bit between 1830 an 1920, then I think there might be some potential longs before the break of 1920.
USDWTI H4 - Long SetupUSDWTI H4 -
Extending higher with clear fresh highs set. Looking for a pullback to repeat what we have marked up and executed over the last few weeks, demand is still there, price is still on the rally. Simply looking to buy the dips effectively.
Hard to predict TP targets, typically we use the previous breakout high, but it's not always quantifiable, and with assets as volatile as WTI. It's sometimes best to forecast and be a bit more conservative with stoploss' (use larger stops).
Gold: Weekly Forecast 20210704Gold continued with its current consolidation but shown promising rebound right at the neckline of a previous double bottom.
An inside bar was also formed as it reached the week low and it followed through with a break-above, showing a stronger conviction for the bulls.
Therefore, we expect the gold to follow through with its rebound and potentially reach 1820 before facing resistance again.
Should the price failed to climb at the beginning and hovers around the current range top at 1795, we can expect a pullback towards 1765 where an inverse head and shoulder could potentially form.
GOLD, Descending-Triangle-Formation, Preparing For Relief-Rally!Hello Traders Investors And Community,
Welcome to this analysis about GOLD, we are looking at the 4-hour timeframe perspective. In my former analysis of GOLD I already mentioned that GOLD is likely to form a relief-rally within its established structure as it moved into important support zones. Now recently GOLD made this bear-trap below the 1760 level and snapped back into the range which is an important event in the structure because it can be the source of the actual relief-rally that will emerge in the upcoming times. Now it is necessary to do not rush into set conclusions and overspeculate the market into a one-sighted direction, therefore I detected the fundamental underlying formation and what scenarios we should consider in GOLDs upcoming developments.
As when looking at my chart now we can watch there how GOLD snapped back into its previous range after forming the bear-trap below the 1760 level. This resulted in an initial rally that did not yet had the ability to convert into a full reversal and is now running directly into this dedicated resistance-cluster that is marked in red in my chart where several resistances coming together consisting of the upper-boundary of the formation, the horizontal resistance in red and also the 35-EMA in red. All these resistances in the resistance-cluster indicate the wave E in the major wave-count to emerge from this point, this wave E will complete the whole ABCDE-wave-count and will approach the dynamic-support-zone marked in orange again.
Taking these factors into the consideration now GOLD when it continues with this decisive wave-count as it is marked in my chart ahead of the next times can complete the descending-triangle-formation when it manages to bounce in the structure and breakout above the upper-boundary of the descending triangle. Such a development will be the origin of the actual relief-rally with increased continuations and approaching of the next levels, which does not necessarily mean GOLD is already completely bullish however this relief-rally should not be expected as it can trap the bears with stop losses above the descending-triangle. And when the relief-rally shows up the upper resistance marked in blue will be tested sooner or later.
In this manner, thank you for watching my analysis about GOLD and the decisive descending-triangle-formation that has the potential to be the source of the upcoming relief-rally; will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!
"There are many roads to prosperity, but one must be taken."
Information is only educational and should not be used to take action in the market.
Technical analysis update: FMV (23rd June 2021)FMV has been trading within rectangle pattern for some time now. Currently, FMV has neutral trend and it oscillates between its support at 12.34 EUR and its resistance at 15.445 EUR. Neutral trend is reflected in low ADX value. Stochastics and MACD are bearish. However, RSI shows first signs of reversing to the upside. We think that mining stocks within precious metals sector are currently very cheap and attractive. We expect FMV to rise above its resistance and continue up as it coincides with our bullish forecast for gold. Because of that we would like to set medium term price target for FMV to 15.50 EUR.
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.
Gold: Weekly Forecast 20210627Gold ranged throughout the week with every attempt to rebound getting wiped out over and over.
However, gold was able to stay supported and garner some bulls before the market close for the week.
We could expect the bulls to fight back again this week since the gold was able to survive multiple rejections after an extremely bearish week, and not forgetting it is still technically oversold.
So this week, we want to continue to look for buying opportunities and we probably will get one at the beginning of the market.
If the bull is able to take over the current range top at 1795, it should reach 1820 before facing another resistance.
And if the bull starts to trend, we might get a V-shaped recovery and it will quickly reach the equilibrium level at 1858.
Should the rebound this time fails and support gets broken, we might get a stronger demand at the neckline level of the previous double bottom at 1747.
VOX: another month of exciting royalty operator partner newsflowLooking to see if this positive news flow can get the share price back above June's recent swing high. Positive divergence between price and the stochastics are encouraging but confirmation is needed.
Riaan Esterhuizen, Executive Vice President – Australia stated, “Yet another month of exciting royalty operator
partner newsflow for Vox shareholders relating to discoveries, resource expansions, project financing and ESG best
practice. We are particularly excited by the exceptional Puzzle North drilling results including 60m @ 3g/t and the
Pitombeiras 221% mineral resource increase. Vox investors can look forward to a catalyst-rich H2 2021, including
maiden mineral resources for royalty-linked Puzzle North, McTavish and mining studies for Lynn Lake Nickel and
Pitombeiras.”
Summary of Exploration Updates
• Growth in Puzzle North discovery with exceptional new wide shallow intercepts by Genesis;
• Resource estimate update at Pitombeiras and 221% increase in Measured and Indicated Resources(3);
• Commencement of a modern mining study for the potential restart of mining operations at the Lynn Lake
nickel-copper-cobalt sulphide project by Corazon;
• Capital raising to fund exploration activities at the Kookynie gold project by Metalicity; and
• Partnership for Karora to become one of the world’s first net zero greenhouse gas junior gold mining
companies.
Kookynie (Pre-Feasibility) – Exceptional Growth in Puzzle North Discovery
• Vox holds a A$1/t production royalty on part of the Kookynie gold project1;
• On June 15, 2021, Genesis announced that:
o Reverse circulation drilling continues to confirm the potential to grow all key deposits which form
the Ulysses Gold Project, including the royalty-linked Puzzle North deposit;
o Puzzle North has been expanded with significant new shallow results, which are some of the most
outstanding drilling results ever reported by Genesis in the history of the Ulysses Project, including
the following drilling highlights:
▪ 60m @ 3.03g/t Au from 106m (hole 21USRC855)
▪ 84m @ 1.98g/t Au from 84m (hole 21USRC912)
▪ 40m @ 2.52g/t Au from 44m (hole 21USRC911)
o Management of Genesis commented that:
▪ “The Puzzle North discovery is developing into a significant zone of shallow gold
mineralisation that clearly has the makings of a new open pit mine.”
▪ “The recent drilling may have a significant impact on our development plan – particularly
the exciting shallow results at Puzzle North and the high-grade zone at Admiral deeps –
and we are considering the possibility of including these new elements in our Feasibility
Study.”
• Vox Management Summary: Puzzle North is shaping up to be an exciting gold discovery and operator
guidance suggests that this has the potential to be a new open pit mine, which may be included in the
upcoming Ulysses feasibility study. This exploration royalty acquired in 2020 has growing potential to
generate revenue for Vox shareholders.
Pitombeiras (PEA Stage) – 221% Increase in Measured & Indicated Resources(3)
• Vox holds a 1% net smelter royalty over the Pitombeiras vanadium-iron ore project;
• On June 16, 2021, Jangada announced an updated resource estimate(3) at Pitombeiras North and South
Targets, with the following highlights:
o 221% increase in Measured and Indicated Resources (“M&I”) based on two of eight identified
targets (see technical note 3 below for further detail):
▪ M&I Resources of 5.10Mt at 0.46% V2O5, 9.04% TiO2 and 46.06% of Fe2O3
▪ Inferred Resource of 2.33Mt at 0.41% V2O5, 8.26% TiO2 and 43.18% of Fe2O3
o Exploration potential remains open along strike and at depth - Jangada has established a target to
potentially delineate 10Mt of total mineral resources.
o Drilling programme at Goela target started in late April 2021 and is expected to be concluded by
end of June 2021
o Updated Preliminary Economic Assessment (“PEA”) to be completed in Q3 2021 following the
delivery of the updated mineral resources for both Pitombeiras and Goela, which will include new
metallurgical tests.
• Vox Management Summary: A resource increase of >200% is uncommon in the mining industry and
generally indicates strong momentum in exploration success. The updated Pitombeiras PEA in Q3
2021 will provide guidance for potential royalty revenue that could commence as early as Q1 2022,
based on prior guidance from operator Jangada. The pace of this royalty development continues to
exceed Vox management expectations.
Lynn Lake Nickel (Exploration) – Mining Studies Commence at Lynn Lake Nickel Project
• Vox holds a 2% gross revenue royalty (post initial capital recovery) on part of the Lynn Lake nickel-coppercobalt project (“Lynn Lake”);
• On May 26, 2021, Corazon announced:
o International mining consultants Palaris have been engaged to undertake mining studies for the
potential recommencement of mining operations at Lynn Lake with modern mining and processing
practices - scope of work includes:
▪ Undertaking individual bridging studies in key areas to identify a viable basis of project
design before progressing into future study phases; and
▪ Determining the favoured path forward, utilising “best-fit” mining and processing
techniques to deliver an attractive, long-life mining operation at Lynn Lake.
o Studies are expected to be completed in the following quarter and will feed into more detailed work
designed to advance the development of the Lynn Lake Project.
• Vox Management Summary: Lynn Lake was mined for 24 years until 1976 and was one of North
America’s major nickel operations, producing 206,200t nickel and 107,600t copper. Since 1976 mining
studies undertaken for a potential re-start of the mine have only considered historical mining and
processing methods. This modern mining study accelerates this royalty from exploration to early
development.
Kookynie (Advanced Exploration) – Equity Raise for Advancement of Kookynie Gold Project
• Vox holds a A$1/t ore production royalty (with gold grade escalator1
) on part of the Kookynie gold project
held by Metalicity; and
• On June 15, 2021, Metalicity announced that it has received firm commitments for a strongly supported
A$3,000,000 equity raise. The funds raised will be used to advance the Kookynie gold project, continue to
develop its maiden JORC resource estimate (including royalty-linked McTavish deposit), together with
providing working capital and funding for potential new opportunities.
• Vox Management Summary: This equity raise will fund a maiden resource estimate for the McTavish
gold deposit on Vox’s royalty tenure, which should re-rate the value of this exploration royalty.
Higginsville – Dry Creek (Producing) – Partnership to Become Net Zero Greenhouse Gas Emissions Company
• Vox holds a price-linked production royalty(2) that is equal to A$0.60/gram gold produced at current gold
prices (effective 0.85% net smelter return economics) on part of the Higginsville gold mine held by Karora;
and
• On June 14, 2021, Karora announced a new partnership with The Net Zero Company to commit to and to
implement a pathway to becoming one of the world’s first net zero junior gold mining companies, as follows:
o Karora will work with The Net Zero CompanyTM to seek to ensure its approach to setting and
achieving GHG reduction targets is inline with best practices based on available science to achieve
the aspirations of the Paris Agreement. As the program is further outlined and targets are identified,
updates will be provided to the market.
o Karora's initial focus will be on Scope 1 and 2 emissions reductions, followed by Scope 3 emissions
reductions to work toward its goal of reaching True Net Zero (Scope 1, 2 and 3) status.
o Progress on the GHG reduction program will be included in Karora's inaugural ESG Report which
is expected in early 2022.
• Vox Management Summary: This progressive partnership demonstrates Environmental, Social &
Governance (ESG) best practice by Karora management. The quality, responsibility and track record
of the Karora management team is what Vox looks for in our royalty operating partners.
Vox Royalty Exploration UpdateVox Royalty tells shareholders to look forward to a ‘catalyst-rich’ second half of 2021
www.proactiveinvestors.co.uk
Vox Royalty Corp (CVE:VOX) provided its shareholders with funding and exploration updates from five of its 50 operating partners.
The high-growth precious metals-focused royalty company noted each partner had been busy advancing their respective projects with studies, sampling and drill programs.
Highlights from the exploration update include, the expansion of the Puzzle North discovery at the Australian Ulysses project, a 221% increase in measured and indicated resource at Pitombeiras in Brazil and the commencement of a modern mining study for the potential restart of mining operations at the Lynn Lake nickel-copper-cobalt sulphide project in Canada.
Gold: Weekly Forecast 20210620Gold fell through multiple support last week and marked the biggest weekly loss in 15 months.
Almost every forms of support, from a 3-month rising channel to the equilibrium level at 1860 to all the moving averages, have been broken.
As of writing, the gold seems to have found a bit of support as it's ultimately way oversold in the short-term, and thus an opportunity to possible buy into a potential pullback.
The bigger picture, however, remains the same as inflation risk looms but the short-term sentiment is pointing towards a strong recovery in the dollar and thus demand fell for gold.
This week, we will look for signs of rebound to buy into the pullback and target 1813, where we will then look for an opportunity to sell, aiming for the neckline level at 1750.
South Africa (EZA) a good Precious Metals playPrecious metals (PM) have really struggled this week, with the following weekly movement in USD:
Gold TVC:GOLD -5.65%
Silver TVC:SILVER -7.17%
Platinum TVC:PLATINUM -7.2%
Palladium TVC:PALLADIUM -8.23%
All these PM’s seems to be heavily oversold over the shorter-term, which could see a bit of a recovery over the next week or two. Why is this important? Currently 24% of EZA consists of PM’s, which was the main reason for the recent pullback in the ETF. EZA finds itself at a strong support level and very close to EXTREME OVERSOLD levels according to its 14-day RSI. Should $48.50 not hold up, my stop loss would be at the 200-day Moving Average (EMA). This currently is $46.86. Should we see a bounce off the current levels, could see EZA test the 50-day EMA at 51.29 resistance, with a break and close above these levels, most probably bringing back new 12-month highs. I am somewhat worried about the negative recent momentum and will monitor closely
Gold volatility in playThe sudden drop in Gold was expected (privately shared) within a circle. But what was surprising was the immense drop, spurred by the sudden spike in the USD.
Noted that there appears to be an inverse Head adn Shoulders pattern forming, and the neckline and extension is marked in purple.
Projection for down and a fast up to 2100 in mid-October 2021 (previously September).
Watch for the bounce!
#silver squeeze, its been a long time forming, will #PMinvestors get their moment to shine and say I told you so!
Opened a speculative long position today
#AG first majestic is a premier pure silver #mining play
GOLD - Long Term VisibilityWe are witnessing a breakout of the downtrend channel that has been forming for a year now.
The setup looks similar to the one that occurred from March 2008 to December 2008
Go for Gold!Gold is looking really bullish now. Perhaps it should challenge its last year high again soon. Looking at the 10 year chart, we can clearly see a cup with handle formation that is just waiting for breakout at around $1916. Based on the depth of the cup, we could potentially see a price objective of $2700. This is definitely a good hedge for inflation. Go for gold!!
Dislaimer:
This is by no means a recommendation to buy/sell. The ideas shared here are mainly for educational purpose only. Please consult your financial advisor prior to any investment decision.
