Gold not showing good signs the last 2 daysThe last two days are not a good sign for #GOLD bugs
But we said that on Sunday...
WHY do we say this?
Sunday was an ugly reversal
Huge volume with bearish engulfing yesterday
Follow through selloff today as well
We could be seeing a top for some time.......
AMEX:GLD NYSE:NEM TVC:GOLD NYSE:AEM NYSE:FNV NYSE:WPM
FNV
FNV, GOLD-Mine GEM to Complete Historical Triangle-EXPANSION!Hello There!
Welcome to my newest idea about FNV from the gold market perspective. In recent times, the gold market is approaching severe developments that could lead to major price-action disruptions in any case, especially with the important underlying dynamics to consider as I am doing it within the market. Major innovations and implementations within the gold market sector have the potential to accelerate the price-action dynamic so that stocks like gold mine stock have the potential to move on with historical breakouts like never seen in the gold market history. I have mentioned the gold market developments already in previous ideas and with FNV I have spotted a new gem within the market that can unfold its whole potential with the major gold-backed currency-system implementation developments ongoing.
Historical Gold Market Developments and What Should be Derived for Today´s Market:
Throughout history, gold rushes have shown that the market had the ability to convert the gold market into exponential growth rates almost overnight. Today, with the appropriate technology and innovation provided by a fourth industrial evolution development such measurements within the gold market can top everything seen before in the gold market history. An implementation of a gold-backed currency system even in a small or medium-sized economy field is going to accelerate the demand for gold and therefore also gold mines as it is the case with FNV in such a manner that a major breakout of the established price action will almost be inevitable.
Major Formation to Increase the Potential for a Massive Trend-Acceleration Simultaneously With a Gold-Backed Currency-System Implementation.
FNV is forming this gigantic epic ascending triangle formation with several bullish bouncing within the whole trend direction and the major bullish wave already established before. Furthermore, FNV has major support zones within the whole structure determined by the triangle boundary, the 65-EMA, and the horizontal supports. Now as FNV already penetrates the upper boundary of the major ascending wedge formation this means that a final breakout of the triangle formation above the upper boundary is not far away and especially in this case the full acceleration and implementation of the new gold-backed currency system could be one of the primary triggers of such a final breakout.
Upcoming Perspectives, Determinations, Targets, and Underlying Dynamics as well as the Overall Gold Market to Consider for a Conversion-Breakout Wave-Expansion:
Within my analysis, I spotted the most important metrics, key factors, and price levels to watch out for within the current development, and therefore the finalization of the final breakout and acceleration of the price dynamic is not far away. Once a breakout above the upper boundary of the paramount triangle formation has shown up this is going to mark the origin setup of the huge expansion wave to accelerate within the whole chart. In this case, FNV is going to mark a target zone of at least a 180% continuation. Especially, when the gold-backed currency-system implementation appropriately moves forward simultaneously with the breakout and expansion wave C this is going to accelerate the dynamic even above the levels of the upper target zones.
Especially, today we should look at history and see how innovations and important market changes could transform a market such as the gold market into epic price actions with growth rates above average. Taking this into the perspective of the market today this could be the origin of a major transformational market like never seen before. Therefore, it is necessary that the necessary technology is implemented to actually realize the full potential that results from a gold-backed currency system and the acceleration of gold mines. In this case, I am going to re-analyze the developments with the major key metrics to estimate the trend ongoing within the gold market. It will be an important development.
In this manner, thank you everybody for watching my analysis of CHFAUD. Support from your side is greatly appreciated.
VP
$DJI bouncing off Support levelEarly this open
RSI looks ok & is oversold. Not buy much but it's been a good amount of selling
Took advantage of this dib & went on buying spree. As we've been saying for some time, IN & OUT, scalps & short term trades.
We've also been SELLING PUTS to help reduce risk by bringing premium in. If the premium subsides a good amount we cover.
Not looking for home runs.
We should have an okay day today but a lot of damage has been done to #stocks.
$MSFT $TSLA $ZS $UDOW $TQQQ $RUN
Beginning to nibble on #GOLD miners $BTG $KGC $FNV doing well today
Royalty and Streaming - Precious MetalsFranco-Nevada (FNV) is the largest company within the Royalty market.
April 2021,
TORONTO, April 19, 2021 /PRNewswire/ - Franco-Nevada has acquired 14.7% of Vale's outstanding Participating Debentures ("Royalty Debentures") from the Brazilian Development Bank ("BNDES") and the Government of Brazil for $538M. The Royalty Debentures provide holders with life of mine net sales royalties on Vale's Northern and Southeastern Iron Ore Systems and on certain copper and gold operations (together, the "Royalty"). This transaction provides royalty exposure to some of the world's largest and most profitable integrated iron ore mines with reserve weighted mine lives of 30 years and potential for multiple additional decades through reserve growth. The Royalty covers a total of 15.6 thousand square kilometers of mineral properties held by Vale in Brazil, also offering exposure to a number of development properties. The Royalty currently generates an annualized pre-tax cash yield of 10% based on acquisition cost and the most recent semi-annual Royalty Debenture payment. The amount of production capacity subject to the Royalty is expected to grow by approximately +60% by 2026 which would imply an 8% yield on investment at that time, assuming consensus long term iron ore prices.
Vox Royalty (OTCPK:VOXCF)
www.voxroyalty.com
− BULONG (Gold) (Black Cat Syndicate)
Western Australian open pit gold project, mining commencement targeted for Q4 2021 with 1.5Mtpa mill optioned for purchase in Feb-2021
− BRITS (Vanadium) (Bushveld Minerals) Adjacent to producing open pit vanadium mine, royalty covers outcropping Brits deposit with “potential to provide additional feed tonnage for Vametco and, if required, concentrate feed for the Vanchem plant”
− MT IDA (Gold) (Aurenne Ularring)
Western Australian toll-treatment open pit gold operation targeted by former ASX operator Alt Resources Ltd, prior to $32M takeover by Private Equity group Aurenne in 2020
− PITOMBEIRAS (Vanadium) (Jangada Mines) Brazilian direct-ship open pit vanadium project targeting first production in Q1 2022 in PEA
− OTTO BORE (Gold) (Northern Star)
Toll-treatment feed for Thunderbox gold mine
− LYNN LAKE (Gold) (Alamos Gold)
Feasibility stage Canadian project (2018 study, 10 year mine life) in advanced permitting, royalty covers part of MacLellan deposit, +17000m drilling program in 2021, construction decision targeted for 2022
− BOWDENS (Silver) (Silver Mines Ltd)
Feasibility stage project (2018 study, 16 year mine life), largest undeveloped primary silver project in Australia, 275Moz Ag Equivalent resource, progressing final permitting
− GRAPHMADA (Graphite) (Bass Metals)
Graphite mine in production 2019/2020, currently on care & maintenance post COVID19, operator reviewing feasibility on expanded restart scenario
− ASHBURTON (Gold) (Kalamazoo Resources)
Former Northern Star Resources project, 1.65Moz @ 2.5g/t Au resource (Feb-2013), management targeting 2Moz – 3Moz exploration target and “advancing development plans”
− PEDRA BRANCA (PGM) (ValOre Metals)
World class PGM resource in Brazil, mineral resource
of 1.1Moz @ 1.22 g/t PGE+Au Inferred (May 2019),
2018 PEA targeted annual production of 64Koz
PGM+Au over 13 year mine life
− SULPHUR SPRINGS (Cu-Zn-Ag) (Venturex)
Feasibility stage project (2018 study), 10 year mine life targeted, in Western Australia in final stages of permitting & optimization
− MONTANORE (Silver-Copper) (Hecla Mining)
3rd largest silver-copper deposit in USA, permitting update expected in mid-2021, historical 2011 PEA targeted 15 year mine life
Royal Gold (RGLD)
May 2021
DENVER--(BUSINESS WIRE)-- Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, “Royal Gold” or the “Company,” “we,” “us,” or “our”) reports net income of $54.0 million, or $0.82 per share, on revenue of $142.6 million in its third quarter of fiscal 2021 ended March 31, 2021 (“third quarter”). Adjusted net income1 was $55.2 million, or $0.84 per share, after excluding discrete tax expense items of $0.04 per share and a $0.03 per share gain on the change in fair value of equity securities, and a reversal of $0.01 per share for the tax effected change in fair value of equity securities.
Third Quarter 2021 Highlights:
Revenue of $142.6 million, an increase of 5% over the prior year quarter
68% of revenue from gold and 12% from silver at average prices of $1,794 per ounce of gold and $26 per ounce of silver
Operating cash flow of $92.2 million
Volume of 79,500 GEOs2
$150 million of debt, net cash3 of $220 million, with available liquidity of $1.2 billion
Paid quarterly dividend of$0.30 per share, a 7% increase over the prior year quarter
Khoemacau construction 92% complete, 80% base silver stream fully funded
Advanced meaningful social initiatives with Pueblo Viejo joint venture and Golden Star
Post-Quarter Events:
Debt free after repayment of credit facility balance on April 1
Khoemacau stream rate increased to 84% of payable silver
Osisko Gold Royalties (OR)
Financial Highlights
Earned 19,960 GEOs1 (Q1 2020 –18,159 GEOs)
Record revenues from royalties and streams of $49.0 million (Q1 2020 – $37.8 million)
Cash margin4 of 94% from royalty and stream interests (Q1 2020 – 91%)
Consolidated cash flows from operating activities of $21.3 million (Q1 2020 – $23.8 million)
Operating cash flows from the royalty and stream segment2 of $36.7 million
Operating cash flows from the mining exploration and development segment3 (i.e. Osisko Development Corp. – TSX-V:ODV) of ($15.4) million
Net earnings attributable to Osisko’s shareholders of $10.6 million, or $0.06 per basic share (Q1 2020 – net loss of $13.3 million, or $0.09 per basic share)
Adjusted earnings5 of $18.4 million, or $0.11 per basic share3 (Q1 2020 – $7.5 million, or $0.05 per basic share)
Adjusted earnings5 from the royalty and stream segment2 of $23.4 million, or $0.14 per basic share5
Adjusted loss5 from the mining exploration and development segment4 of $5.0 million, or $0.03 per basic share5
Sandstorm Gold (SAND) released its Q1 2021 financial results. www.sandstormgold.com
ELY Gold Royalties (OTCQX:ELYGF) announced the acquisition of three patented mining claims within the Tonopah West property. In FY 2020, ELY generated gross revenues of C$4.12 million ($3.34 million). Its cash balance increased to C$7.38 million ($6 million).
Franco Nevada to Keep Pumping as Gold Rolls HigherFranco Nevada is a phenomenal company that focuses on the royalty streaming platform (significantly muted risk) of precious metals and dips into other miscellaneous sectors (PGMs, Energy, etc). What's interesting is Franco will continue to surge faster and faster as Gold and Silver continue to go higher and higher, it really is that simple. This is not a mining stock - it collects royalties therefore it has no operating risk.
Many people, even central bankers believe 2000 is in the cards, and if you talk to non-traditional economists outside the lamestream media - in reality - Gold will go much much higher than 2000 over the course of the next 5 year period.
Therefore, as Gold and Silver rise, so will the revenue of mining companies and thus will Franco's earnings. In-fact they have reported record earnings for the past year which is when Gold began its bull run. If you look at the history of the company, their stock has remained considerably stable even when Gold was in a bear market.
I view FNV as one of the safest investments for strong capital appreciation and setting a target price is actually useless because under no circumstance can Gold go up and the stock not outperform. As such I view 200.00 as a sure bet by the end of 2020.
Forecast for 2020
- Gold to 1900-1950
- Silver to 24
- zSplit
FNV ShortShorting 100 shares of FNV
Gold seems to be sinking as good news keeps rushing in.
Holding this until it breaks the bottom range of this support and resistance pattern. I will take $300 out of this trade and my stop is $150.
Started short @ $92.36, Max loss is $93.86
Max gain will be $89.36
FNV Put SpreadFNV Put Spread 90/95
EXP Oct 18, cost $1.59
Max loss is going to be $100 Max Gain is $2.21 Great Risk to reward ratio.
Gold is sinking as it topped out and sentiments are changing to a brighter outcome for the market in general with hong kong simmering down and china + america coming to some trade talks gold seems to be going lower for the time being.
FNV: Long - one of the few gold winnersLike many, I don't believe good times last forever. I like having a portion of my portfolio in gold/mining indexes as a safety net but I've been very disappointed by returns. FNV tremendously outperforms both GLD and GDX - I can't really imagine how well this company will perform when GLD/GDX start seriously uptrending. The 1.08% dividend while I wait is just icing on the cake. I am long FNV and will continue adding dips until well into the next recession...whenever that may be.
Gold Stocks Outperforming Gold -- Royalty Stocks Leading the WayThis chart shows the year to date performance of gold vs gold stocks. We see that gold stocks of all kinds have outperformed gold itself. GDX is an ETF of larger, more established miners; GDXJ is an ETF is an ETF of junior miners. RGLD, SAND, and FNV are royalty stocks, which are basically firms that invest in other mines in exchange for a share of their output.
Personally, I think these trends may continue -- though I still favor the accumulation of gold in the long run, as I think it is a safer, less speculative investment. More importantly, though, I think the outperformance year to date further supports the notion that the entire gold market has bottomed, and bulls are gearing up for the next leg up.
For more on investing in mining stocks, see free video course on InformedTrades: www.informedtrades.com