Easy short term target here, commodities running hot price increases rampant -- $Silver is going to run away here.
The trend is up for $gold - looking to hit $1830 in the next week.
FFX Looking to break through historical support as we break through short term resistance at 27.5c on near term news flow supported by Gold and Lithium sentiment with blue skies until we hit historical price support now walls as we look to retest 53c first test and 81.5c all time high. A lot will depend on greater sharemarket movements but with a lithium demerger...
Clearly here we can see a rampant cat bottom. This signals a 500x rise by the square root of the duration of this cat bottoming. Good times for the punter looking to go long, manufactured downside, price discovery of underlying commodity with 100% dislocation. Holding out for the golden unicorn stairway to heaven trigger which is forming beyond the rampant cat,...
Interesting FGR's trading range and volume have dropped up, now coiled in a thin trading band with low volume and what looks like the calm before the storm. 32.5c is my Target for mid-april. A number of specific catalysts will get us there but perhaps the macro climate alone if the news is not forthcoming. Definitely have a mexican standoff in this 24-26c zone....
Looking at the 5yr the move up is literally just a matter of time. The near term activity and F.A support this. Oil looks to be correcting in the short term before retesting $70 / Barrel. Cup and handle played out over 5 years. Looks pretty good to me. Has been sitting unloved for 12 months time to wake up and shake off some cobwebs with a new farm-out partner...
Little resistence until gold gets above $1800 -- lots of challanges to break through $1850 with anticipated choppy trading through to $1950 where we may break out again with blue skies. I am calling the bottom being in on March the 8th ($1683 Up $58 to $1744) and we are heading up likely this week March 22-26 into the $1800-$1850 zone and looking for the...