This is the monthly chart of royalty companies FNV, WPM, RGLD, SAND, and OR combined. A five-year consolidation was recently broken on the weekly timeframe, with confirmation. The last similar breakout after consolidation led to a ~150% increase from the bottom.
At today's gold price of $3,000, this scenario looks highly probable. If it unfolds, these companies could see a cumulative gain of around 60% from current levels.
At today's gold price of $3,000, this scenario looks highly probable. If it unfolds, these companies could see a cumulative gain of around 60% from current levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.