Royal Gold has bounced off strong long term support at the $88 level. In addition we have broken the downtrend line (DT) which has held price down since June, as well as breaking above the horizontal resistance level at 95.70. Some very important technical levels broken and respected here and I would hope to see this move to the resistance area just under the 200...
Royal Gold Inc. is now positioned for the holy grail of bullish baggers. The bags on this trade are so big that I had to steal a pot from some greedy leprechaun in order to fit all the potential gains in one location. For a visual perspective of the potential gainz on this trade, see the upper-right-hand part of the chart for the 'Pig Pot'.
I also sometimes keep...
NASDAQ:RGLD is one of the leading stocks in gold mining industry. It started major rally earlier than majority of other miners last spring. And was one of the first stocks to caution that pullback is likely in AMEX:GDX in January 2020.
Right now it sits right near major support level, and in bullish scenario this is constructive level from which new leg higher...
