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My TOP10 picks list in (Silver & Gold) Mining companies 1/10With the recent bullish action in Gold and Silver it could be the right moment to investi in Gold and Silver Mining companies, which constitute a leveraged bet on the underlining metals. It can not be understated that mining companies are one of the most hated investments in the global financial world. They have performed poorly in the past, sometimes even when the metals made some important gains. Wo why this time could be different ? With the approaching break down in the Gold to Silver ratio (I will soon publish a chart), I nevertheless am quite confident that my Miners Portfolio (about 10% of my overall portfolio) will perform well. This is NOT financial advice or recommandation. I am simply sharing with you what I am doing personally with my capital in order to survive the ongoing restructuring of the financial world. First pick - DISCOVERY SILVER - DSV It is one of the biggest silver deposits of the world. The Mineral Resource Estimate for their Cordero Mine was most recently updated in January 2023: it grew by about 35% and is now over 1.2 Billion ounces of silver in the Measured and Inferred category) !! The project is located in Mexico. On a technical analysis basis price has broken out (yesterday) of the bullish descending wedge. The apex of the wedge was situated on an important strong resistance zone between 0.56 and 0.66 $. I do not use stops but if you would like to place a stop, it could be at 55 cents. I do not thing however that we will revisit those prices again. As often, I bought too early, at 0.66$ one month ago. However I was so confident that I made it my number 1 position. Yesterday it rose 23.94% and so I am already in profit. There is no need to chase here. However with 350 Million $ I guess this company is deeply undervalued ! Analyst ratings give it a target of 2.67 $ (wich is a 200% or 3 x move from current price). I am bullish !! Other picks will follow in the coming weeks. Feel free to follow if you would like to discover what my other picks are.
TSX:DSVLong
by Dangermousebanana
2
Wheaton (WPM): Further Downward MovementWheaton (WPM) : NYSE:WPM Due to growing interest in the gold market, we've decided to include a mining stock in our analysis, specifically Wheaton Precious Metals Corporation, a Canadian company that focuses primarily on gold mines. We start with the weekly chart to examine this company. It's important to note we're dealing with Canadian dollars, not to be confused. We've completed the first 5-wave cycle, although not the most aesthetically pleasing, at 76 Canadian dollars. Since then, we believe there should be further downward movement to complete Wave C and simultaneously the overarching Wave II. We expect to enter the range of 50 to 61.8% retracement, approximately at the level of Wave (A) as we can see more clearly on the daily chart. The subordinate wave structure also clearly shows that we're in a Flat structure. Based on this, we expect to see a 5-wave downward structure. Should the rising gold prices cause an increase instead, we would invalidate the bearish scenario once we surpass the levels of 64.42 Canadian dollars and then 71.4 Canadian dollars. If this does not happen, we continue to expect to see Wave 3, 4 & 5. Incidentally, we've also precisely completed Wave 2 at the 78.6% level. Therefore, we are very confident there should be further decline before we consider long-term entries in the mining stock of Wheaton.
TSX:WPMShort
by freeguy_by_wmc
2
LSPD - Bullish ReversalLSPD (Lightspeed) appears to be oversold at the moment. The arrival of the new CEO is expected to significantly boost the stock. Additionally, there are signs of a potential reversal, particularly on the lower timeframe of 15 minutes, with an inverse head and shoulder formation indicating a possible turnaround. I anticipate LSPD to rebound and test the resistance level between 21.5 and 21.9. Best of luck to everyone, but please remember that this is solely my opinion. Conduct your own analysis and risk assessment.
TSX:LSPDLong
by ginonadal1900
Gold royalty streamers oversoldAs a group, gold royalty streaming companies reacted negatively to the drop in gold price on February 13, 2024. This movement was triggered by US CPI for February printing slightly higher than expected by consensus, on the index and also MoM and YoY readings. Reaction was an immediate spike in TVC:DXY and commensurate selloff in FX_IDC:EURUSD . This dragged risk assets down, with equities markets getting hit. TVC:GOLD also lost more than 1% in lockstep reaction. The opportunity here is in the unwind of yesterday's outsized movement amongst the gold royalty streaming companies as a group. While some have performed better than others over the past year, they were all punished on this move. Typical drawdown was 10% on the day . For consideration: A) a short term buy of one of these names and holding to pre-CPI price level, or B) a longer term entry for those with a bullish view on gold and appetite for leveraged exposure and desire for dividend income.
TSX:SSLLong
by StrobeT
1
This Conservative Play On $RHC Royal Helium Nets +247% or more..Whether or not you see this as a viable play depends almost entirely on whether or not you think the niche industry of Helium capture and re-sale is a high-growth sector or not. I happen to think that the hype is real, as long as you're taking a conservative long-term approach to your analysis. I do NOT believe this will retake all time highs (roughly $2-$3) in any one given life-time. But there is a possible 3-5 year play present here that could potentially net +200-250% depending on your risk tolerance and exact buy/sell levels... "Royal Helium is focused on the exploration and development of primary helium in southern Saskatchewan. Royal Helium is currently one of the largest helium leaseholders in Canada with land that was methodically evaluated for helium and has been vetted by helium experts, professional geologists and engineers." We show areas of modest resistance/support around $0.40 CAD and $0.59 CAD, with the current buying opportunities chopping sideways at $0.17-0.19 CAD. If price reaches $0.15 CAD, I will significantly increase my position and set a price target for profit-taking starting at $0.55 CAD (+266%). I set my target date for maximum profits before a pull-back at 2030. Literally just a guess. What do you think?
TSXV:RHCLong
by Light-of-Liberty
Telus Will Be A Slept On Growth StockTelus is making massive investments across Canada as one of the few major telecommunications providers in the country. Telus has taken on debt and directed revenues towards the creation and permanent installation of enormous amounts of physical infrastructure across Canada's physically-large land mass. TELUS is investing $28 billion across Ontario from 2023 through 2027 in network infrastructure, operations and spectrum enhancement. TELUS now has the largest contiguous 5G channels nationwide with purchase of 72 MHz of premium-band spectrum for $620 million during it's 2023 fiscal year. This means that Telus is set to be a dominate player in the phone and internet markets for the foreseeable future. Meanwhile, the TELUS Friendly Future Foundation launched it's new $50 million TELUS Student Bursary Fund – the largest bursary fund in Canada! Created through a $25 million endowment gift from TELUS plus an additional $25 million in fundraising, the TELUS Student Bursary program will support hundreds of students each year and, important to investors, lend strong positive brand recognition to Telus for many years to come. It is for these reasons that I believe RBC's recent choice to maintain Telus price targets at around $29 CAD was a correct decision. At current prices between $22-24, this is a strong buy from me!
TSX:TLong
by Light-of-Liberty
1
More gains to comeAs we approach earnings season for many equities, GSY is somewhat of a staple equity in CANADA. The necessary services that GOEASY provides for Canadians is and will continue to rise, as inflation proceeds to increase costs of goods and services. There are many people who need to take a loan which they may regularly be denied by financials, who can they turn too? Its quite unfortunate that its come to this where regular borrowing of finances is needed to just get by but its apparently so. This trend of borrowing will continue so long as high interest rates persist more and more people are unable to make enough income for necessary goods like appliances, home renovations etc. The cost of borrowing from GSY is quite high and although the Canadian govt capped the max interest rate that borrowers have on this loans are between 30-40%. We could say this company will continue to profit fundamentally. Fundamentally they are increasing their services and cater to people with delinquent or subprime loans which they can not go to any of the big banks for a loan which may include TD BANK, BANK Of NOVA SCOTIA to name the few.
TSX:GSYLong
by b58-nic0
AQN is a 1-3 year strong playYet another in a series of companies that are going no where and have been hit by some bad news during and coming out of COVID and interest rates that will resolve itself. Taking advantage of this one at these levels to build each month a strong position. 1.5-2x in share price is achievable here when interest rates start to get cut in Canada, as this will have a direct effect on their bottom line and a surprise to the upside. Not to preach here, but strong utility and resource companies that have a mainstay in Canada are going to always rebound, and buying at these levels sets you up for years to come in yield and profit.
TSX:AQNLong
by jasonbc
3