The price rebounded strongly on the multi-year resistance. We also note a bullish positive divergence on the RSI.
We are witnessing a breakout of the downtrend channel that has been forming for a year now. The setup looks similar to the one that occurred from March 2008 to December 2008
A breakout could signal a huge run as the price has been consolidating for a decade.
International mining consultant Wood Mackenzie has ranked the Kamoa-Kakula Copper Project as the world's fourth-largest copper discovery, with copper grades that are the highest by a wide margin of the world's top 10 copper deposits. The company has 3 principal projects in Southern Africa: the development of new mines at the Kamoa-Kakula copper discoveries in the...
Today's inflation figures release could be a serious catalyst for the next leg up. The U.S. economy’s rebound from the pandemic is driving the biggest surge in inflation in nearly 13 years, with consumer prices rising in May by 5% from a year ago. The Labor Department said last month’s increase in the consumer-price index was the largest since August 2008, when...
Energy Fuels is the leading U.S. producer of uranium – the fuel for carbon- and emission-free nuclear energy. Nuclear energy is expected to see strong growth in the coming years, as nations around the world work to provide plentiful and affordable energy, while combating climate change and air pollution. Energy Fuels is also a major U.S. producer of vanadium and...
Bullish engulfing forming with the last green candle absorbsing the last 3 candles. -/ In order for the bullish engulfing to confirm, the next candle must be green. -/ If not confirmed, price could test the 50 days MA, before accelerating. -/ RSI and Stochastics are in positive territory and look good. STRATEGIC PROJECT PORTFOLIO: -/ 90% interest in flagship...
Baselode Energy Corp is a fully-funded Uranium exploration company looking for the next world-class deposit in the Athabasca Basin area of northern Saskatchewan, Canada. The company is focused on discovering near-surface, basement-hosted, high-grade Uranium orebodies outside of the Athabasca Basin.
A resistance or support is like a door, the more you hit it, the highest chance it may break. Goviex has a huge uranium deposit in Niger. There is also some political risk as Niger defines political risk. The stock could trade sideways for some time, but in the mid to long term I expect this stock to do well once uranium prices move higher.
Price is currently forming a pullback. RSI and Stochastics are still bullish and in positive territory.
Constructing a new mine is always a challenge, but under John Borshoff the odds increases heavily. Despite the recent price run up, the stock price of Deep Yellow is poised to trade way higher as uranium spot price increases. The Company expects to produce 2-5mio pounds of uranium during its first years, and is allocating its money in development and exploration...
The breakout was confirmed, with a small pullback on the daily chart. After a few months of consolidation, gold seems ready to test previous highs.
After a healthy consolidation, breakout signals an imminent price acceleration.
RSI and Stochastic are bullish. Today's bullish candle suggests that we will go test the upper yellow resistance.
RSI and Stochastic are still bullish, the trend remains bullish.
RSI 50 neutral level bounced back signaling that the uptrend pattern is still intact
The breakout call was accurate and saw an explosive rally (see link to related ideas). Price is currently consolidating.
The rally was successfully called (see posts below). Next Objective Around $2200-$2300/oz Gold and $33-35/oz Silver. Afterwards, an objective of $3000/oz Gold and $100/oz Silver.