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Preciousmetals

Hummingbird Resources set to bounce from channel's bottomHummingbird Resources LSE:HUM is a gold miner, which stocks are traded on the London Stock Exchange. It benefits from a very low valuation with a PER of less than 4 at the time of publishing. After a lengthy consolidation inside a descending channel the stock price now hits the lower channel's boundary in a super oversold condition. It is time for a bounce in direction of the upper channel boundary, before expecting a channel's break to the upside.
LSE:HUMLong
by ChartsAndTrends
Never Mind Short Squeezes. Silver Appears BullishSilver was in focus last week on talk of a short squeeze. The attempt fell flat, but the white metal’s technicals could be lining up for a rally regardless. The first chart feature is the huge breakout above $20 in July. This was confirmed by retests on September 24 and November 30. Notice how prices rebounded sharply from both attempts. Interestingly, the bottoms around $22 were near the peak in July 2014, before silver collapsed decisively under $20 (where it would spend most of the next six years). Next is the descending trendline that began after the 2020 spike. XAGUSD spent more than a month fighting against that resistance before turning it into support in late January. Third, notice how prices held $26 last week. That was the peak on November 9 (vaccine rally day for stocks) and the weeks begun January 11 and 18. Again, old resistance became new support. MACD is also rising on the daily chart and just turned higher on the weekly chart (see above). Finally, the U.S. dollar has been holding its ground for the last two months. However, the greenback’s longer-term trend is still bearish. Continuation of that slide would also potentially help silver. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Editors' picks
OANDA:XAGUSDLong
by TradeStation
17
Platinum looking strong bullHello! Platinum looking really bullish. We got here a beatiful higher low pattern and a vertical line which has worked as resistance. This resistance has been tested 4 times. What I have seen usually 5th or 6th time does it. Also RSI has already broke it's own the resistance line and used it even as a support. This gives me a strong bullish view. Platinums demand is also getting bigger. Car makers are starting to use platinum instead of expensive palladium on exhaust systems. If you are not holding for long term and are trading. Use stop loss. Otherwise you will get your ass burned! Take care Jebu
PLong
by PalenTrade
2
Asia Broad Band, Inc., Massively UndervaluedAs the name does not indicate, OTC:AABB is a base metal and precious metal player. Technically, the stock is in an initial breakout stage on the weekly / monthly time scales. Fundamentally, the PER is 0.35 by 2020 year's end and presently 1.35 with strongly improving net profits. On the medium term the stock is at least a 5-bagger, potentially a 10-bagger. I went long at $0.017 yesterday (Friday, 22 Jan 2021). On the short term there is a possibility for the stock price to drop to 0.012 - 0.013 (on top of the white arrow) at which price I will double down if this happens.
OTC:AABBLong
by ChartsAndTrends
6
Silver aims at 30$ --> 117$Silver has found strong support at 24$. Tested multiple times. RSI is well above 50 and MACD is leveling out on the weekly chart. DXY is also showing weakness. All signs show very bullish momentum and upward pressure. With there being a lot of talk about major federal spending and increase in debt.. Silver will likely continue to grow and become even more volatile. Silver prices have been artificially suppressed to keep costs low as silver is largely used for manufacturing and many electronic products. Historically the silver/gold ratio has been around 17oz silver per 1oz gold. Silver to gold is currently at around 71 to 1. As the public sale of silver becomes increasingly more accessible, it is becoming harder to control the price via FTE. As a result I expect the price of silver to behave erratically and reach new highs in USD never seen before. 117$ puts silver back at the ratio of about 17/1. be blessed.
TVC:SILVER
by The_Yeager
History of the past is repeating now in the silver market.Look for screenshots in the comments. Silver crashed in the early 70s to a low of $1.2, silver crashed to a low of $12 in march, what we do is apply the price action of the 70s to current market and the similarities are striking. Have a look at the charts in the comments and prove it to yourself. Thats why I think we we will see a rise of silver to $60. Then it will start to consolidate inside of a weekly down cycle and the $40 level should be the extreme low support. Then closer to the top of the super cycle (check the related idea) silver will blast to triple digit prices. This is just an observation and hardly can it be applied to practical speculation, only to purchase nominal metal - without leverage. It is just interesting to see how chart pattern repeat many years apart.
FX_IDC:XAGUSDLong
by CSInvestment
Silver 60 year super cycle bottomed in March. A 60 year cycle developed in the 1920s by the famous economist is observed on the silver chart, you can take a closer look by dragging the graph. The first cycle measures 60 years since there was little trading and large time gaps were made in fixing the price. Since the 70s when the market became active this cycle spins out 30 years - a proportion (1/2) of the 60 year cycle. We also see a cup and handle pattern on a huge year range. Very bullish. Upper side price target in 2028 found by my system is 152$ per ounce of silver.
FX_IDC:XAGUSDLong
by CSInvestment
10
BEAR Case for GOLDThe chart clearly shows a breakout on the down side. This is follow up to my last post. Here are my 5 reasons 1. Interest rates: Interest rates are historically low and are unlikely to go down any further. Long term yields are itching higher already. Interest rates are not going to help gold anymore. 2. Inflation: Inflation is likely to be itching higher with so much stimulus. If that happens, federal reserve may decide to push interest rates higher which would pull dollar value higher too. If dollar goes higher, then gold prices will have to move lower. 3. Stock Market: Capital markets are doing great. Investors do not really seem to worry about the stock markets going kaput. Thus, little reason for the money to flow into gold. 4. Cryptocurrency: The crypto rally might be eating into gold investments as the 20 something are not so keen to invest into gold as much as they are about cryptocurrencies. With bitcoin rallying, gold may lose its sheen. 5. Other metals: Other metals have been giving gold a run for its money. With economy coming back, gold may not be remain the most favored material in 2021. How would you play the bear case? Do you agree with my analysis?
OANDA:XAUUSDShort
by shauryathevast