KGC long-term range breakout- Into Price DiscoveryTargeting $8 or sharp pullback. Stop back into range ~$5.50. Timeframe 60 days
K trade ideas
Can KGC Break Out Of This Channel?Multiple attempts over the last few weeks but KGC hasn't been able to firmly break up and out of this channel. I get issues with fear versus the market. But when you have a sector performing and a company executing, it doesn't make sense why this couldn't pop. Maybe we need another big global headline? lol IDK
QUOTE
Shares of Kinross Gold ( KGC – Stock Report ) (K) have turned things around at the start of the week. After closing on January 17 at $4.50, the gold stock rallied to highs of more than $4.60 on Tuesday. Toward the end of the week last week, Kinross announced the completion of a previously disclosed acquisition of Chulbatkan from N-Mining Ltd. This is a heap leach development project in Russia. The total purchase price of the buyout was $283 million and allows Kinross to explore drilling programs at the site.
QUOTE SOURCE: Are These Gold Stocks Ready To Breakout In January?
KINROSS GOLD CORP BULL BREAKKinross Gold Corp. is an exploration company. It engages in the production, acquisition, exploration and development of gold bearing properties in Canada, United States, the Russian Federation, Brazil, Ecuador, Chile, Ghana and Mauritania. The products are gold and silver produced in the form of dore. The company operates through the following business segments: Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Crixas, La Coipa, Maricunga, Tasiast and Chirano. Kinross Gold was founded by Robert MacKay Buchan on May 31, 1993 and is headquartered in Toronto, Canada.
KGC Long after the bounceKCG bounced off the 1.414 support of the fib retracement. The MACD bottomed out and turned bullish making this a great setup to enter long.
Holding profits until $5.15 right beneath the 0.786 level on the Fib Extension and then scaling out 75% of my position for a 20% gain. Leaving the other 25% to run near the $5.50 resistance
interesting trendKinross, with good news on mining, solid business partly in Russia, could accelerate this interesting trend with rising Gold price.
I'm there for max profit until reversal of trend.
My conviction is to a secular bull market beginning in precious metals. KINROSS PRODUCES SILVER ALSO and some other metals.
I know this is big call, and we might find many severe temporary reversals, but I study this sector since many many years now.
I think time as come to explosion of some thruth devastating this self indulged unsustainable fake market.
Gold and silver are not mere commodities, but alternative to vicious monetary strategy.
Many good mining companies are in a similar pattern in Big and Mid-tier so lot of money to be made for philosophical investors seeking some thruth in this impossible world, begging to die for too much abuse and injustice.
Is it time to buy Kinross (K) ?Kinross (K) is now back in bullish territory with the recent 10/200 EMA Cross over.
For Long Term Trend followers, this is great news.
And for some may prompt a buy signal.
For more aggressive traders, they may have entered down at the 20 EMA Zone,
I did and got kicked out on volatility a few weeks later. I will take the 16% or so.
I never got another entry area as it whip-sawed hard during Christmas break.
I trade with a 4% TSL due to my position sizing rules.
For me, its time to find another good entry zone.
For Buy and Hold Investors, Kinross could also be a strong contender for your portfolio.
This is not investment advice, but simply a record of what I am watching,
and a way to help me stay accountable for my trading decisions.
Trade and Invest smart.
Always use your best judgement.
Never Risk more than you can afford to lose.
Follow me at www.wealthandgrowth.com
Kgc taking off !!Kgc taken off on multiple platforms it is extending weekly gains and solid earnings report has rocketed it up on the daily time frame.
Kgc is most likely to do well into 2020, you know what they about hindsight it is 2020/?
short term gains long term lossesi drew this back a while ago and it seems to be at the point where i would love to see what someone thinks. i have a feeling with the price of gold, trump and currency taking a bit of a change recently we may see short gains, but ultimately there is a chance we may go back down to around 3 or lower.
i would love to hear what you think
Kinross Gold Corp: Profitable Gold Miner On SaleI keep a watchlist of precious metals and materials stocks that I watch as a barometer of the value of their underlying commodities as well as the market's sentiment on putting capital into safe harbor investments in times of market headwinds. Well, I've written quite a bit about this with my other articles about Kirkland Lake and Franco Nevada Corp, so see those for additional details. The technicals are nearly identical for these four precious metals companies, and KGC is profitable, doing well, beating earnings expectations, and in the process of making a solid reversal from the previous high growth tech stocks and consumer goods and industrials that the prior months were having.
K - Bullish observationBullish observation here. Bounced off major support, resistance ahead but I like the change of momentum on the MACD.
K.TO on watchClear pattern but coming into overhead resistance. Will watch into earnings. May get slammed here with a bad report but If it breaks out we could have a decent follow through move.
Kinross Gold Huge Breakout Potential Hey everyone, Crypto Crusader here with a gold miner analysis:
Kinross gold has been on a tare as of late ever since the equities markets as a whole have faced growing uncertainty and volatility. Kinross has secured it's spot as the fourth largest gold miner, alongside having the single largest "open pit mine" in the entire United States. Open pit mining employs lower degrees of difficulty in the scheme of the mining sector in regards to total dirt turnover to mine a particular quota of gold. With operations growing in bald mountain and reaching record production, along with others like Fort Knox mine in Alaska, and record production at its Tasiast mine in Africa, Kinross is setting itself up for an incredible 2019. Production slowed in Africa with political uncertainty, however, those issues seem to be mostly water under the bridge. Kinross has a unique portfolio of mines across the entire world with operations in North America, Southern America, Africa, and Russia. Kinross also recently acquired a hydroelectric plant in Brazil just north of 200 million dollars, in the short term that increased their liabilities by a considerable amount, however, in the long-run Kinross as a company will benefit from cheaper power for its operations reducing its AISC (all in sustaining cost) at this mine location. With gold prices slowly going up, along with political uncertainty in the entire world, and constant fear of the traditional financial markets having a collapse in the near future, Kinross is an incredible hedge.
From a technical perspective Kinross is an amazing purchase even at current levels. To start, we can see under its institutional ownership that VanEck and Associates have re-upped their position with over 100 million shares as of December 31st, 2018. Its no coincidence that large institutional purchases are typically at times when a company is distressed, and hopes that the best bargain has been obtained. On the weekly, and daily candles alike, we can see that this buying volume was the highest in the stocks history. Approximately every dollar gold moves up, Kinross post expenses, produces around an extra 2.5 million of revenue based on their approximation of 2.5 million ounces of gold mined per year company wide. It has yet to truly breach its lower end long-term trend line, while at the same time a massive MACD crossover could be in the works. Its difficult to tell on this scale of the chart, but the MACD cross is approaching a neutral level at 0.0, however, a positive integer of 1.0 or more on the MACD would allow incredible gains for the stock. On the low side of its RSI a hidden divergence is occurring while at the same time a potential bull pennant is forming on the RSI as a secondary indicator of a further move upwards.
Thanks for reading and happy trading,
Crypto Crusader
Kinross Gold - $KGC - Good Setup to $4.00. March Options?Hello again fellow traders and opportunists, it's your favorite (top three at least?) talking pickle. We have a beautiful setup on NYSE:KGC . This could
take us all the way to $4.00. Get your March options in while they are cheap. A fall below the EMA would be a good stop.
Don't get in a pickle!
Relish the moment,
The Shill Pickle
KINROSS - To Make A Big ComebackA look at Kinross Gold Corp monthly chart shows potential for some big upside. Solid volume coming in - supporting the impulse move, and making a case for a continued break out rally.
Remember the stocks that did well in 2008? It was the gold miners that were the big winners in times of fear, uncertainty and doubt. This is one of the only are negatively correlated sectors out there, and so a great way to diversify risk. With the tech and financial sector leading the current sell-off, its only a matter of time before the market starts to make big moves into safe haven markets.
Additionally, the sector is trading at a very nice discount from all time high, and present an attractive hedge against global economic slowdown, as well as the speculation that gold price will rise during this time, which i believe is coming soon.
If Gold can finally get the breakout of $1,300, we will see a massive re-evaluation in the top tier gold mining companies. It will happen quickly, and quietly, same as "08, so its definitely time to start mixing this sector into the portfolio, and KGC is a solid contender for that spot. Showing all the signs you want to see in terms of TA bottom, and I can see a potential 3x return coming, with a target price of $10 and $15.
Best of luck, hit thumbs up.
