Encana Corporation: Stup*d CHEAP!!!Consistent growth, profitable, SUPER cheap relative to broad valuations! A rising oil price over the coming years will lead to earnings estimate increases!
GDX
GOLD: Near term top in place, target $1,240With high conviction, I believe that Gold has more downside from here.
Update GOLD: Im not interested unless we can reach $1,260 Ideally, a 1 to 1 ratio with wave A & C would be needed at the very least in order for me to get involved!
Golds main driver, real yields are set to CRASH!!!Real yields are the main driver of precious metals. Currently, the Fed is transitioning to a dovish stance while inflation is expected to remain above 2% over the coming 6 months, this is extremely positive for Gold.
Update Gold: Bear flag broke, target $1,240 We are completing the corrective Wave C to complete a triangle for Wave B. Upside target from there is $1,542.
Silver UPDATE: One more low is likelyI continue to expect a move down to $14.75 before we continue the uptrend.
Gold Update: Despite a dovish Fed, Gold has more downside Markets are not linear, although I continue to be bullish Gold the risk is that we have one more move lower before the uptrend resumes.
Dollar and Precious Metals at Key Turning PointsDollar index is testing its lower support channel and could have a strong bounce, which in turn would send precious metals tumbling. Gold miners are looking bearish on the daily chart and I expect a move lower this week. See more videos at www.TheTechnicalTraders.com
Do we have a low in Silver? I have dipped my toes in Silver, I'm unsure whether a meaningful low is in place just yet, however, I did want to have a horse in the race.
Cautious Gold, trade negotiations will be keyPresident Xi has canceLled his trip to Mar-a-Lago, maybe it's innocuous but I'm not willing to take that change. I believe we still have some downside yet before we have a decent buying opportunity.
Gold/GLD Weekly Chart Video Shows What to Expect NextThis is my first video on Tradeviews and I'm still learning the software but I wanted to give it a try and share my overall analysis for what you should expect next in gold.
GLD GDX GDXJ JNUG NUGT SIL SILJ
I share my daily pre-market video each and every day before the market opens on my website
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UPDATE: Pullback in Gold will be DEEPER due to trade talks!My target for a wave 4 in Gold was $1289, however, I now believe we have further to drop before a buying opportunity presents itself. I see huge issues with this trade negotiations and the outcome is likely different to investors expectations.
UPDATE: Short term pullback to $1,330 before correction resumesA series of better than expected numbers has caused interest rates to rise in a soft inflationary environment this equals higher real yields and a negative headwind for Gold at least short term.
UPDATE: Near term headwinds for Silver, target sub $14.80Precious metals have been performing very well over the past couple of months, price does not move in a linear fashion so do we careful near term as the risk of a pullback is rising.
UPDATE: BoJ signalling the end to Curve Control, USDJPYHi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
UPDATE: Everyone is calling for Gold $1,200, is the low in?Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
WEEKEND REVIEW: Fed are DONE for 2018, Silver is a BUY tgt $22Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
UPDATE: All aboard the GOLDen rocket, target $1,600Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
GOLD clear risk/reward setting up LONGHi guys, I'm Rob from Macro Insights. Today I have a piece on Gold outlining why from a probabilistic outcome Gold is a fantastic opportunity on the long side. I believe you have to look at each asset and analyze 1) the macro top-down picture, 2) a fundamental bottom-up analysis of the asset, 3) what is the positioning/sentiments & 4) you gatekeeping, technical analysis.
I would love to hear your perspective in the comments below relating to Gold, please do your own research this is an asset we have spent a lot of time following and analyzing and we understand our risk to reward parameters for the trade.
Have a great weekend everyone!
