Gold - Simple - Profit - ConsistencyGold forming a rising channel
Support trend is to buy opportunities
Top of the trend if taking profit or looking for a short.
Gold is looking to test new ATH as fundamentals push it higher.
GOLD-SILVER
The 10-year UST yield breaks its supportThe 10-year UST (nominal) yields seems to have broken on the downside, despite slightly.
If this movement were to continue, then the main winners would be :
- US government bonds: over the short term only.
- Precious metals and stocks in this same sector, which react positively to real yield drops. Indeed, like nominal yields, real 10-year yields dropped from -0,79% to -0,84% in one day.
However, the main losers of this new downside dynamic for yields would be banks, which benefit from a steeper yield curve (i.e. banks like when the difference between short-term and long-term rates increases)
MSLV -- Bonanza gold/silver grades; cheapMSLV presents a very attractive opportunity in the mining friendly district and with gold/silver hitting fresh highs. Fully funded for this year. Strong management which is marketing savvy. Churning through IPO paper but could explode at any moment, IMO.
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Mantaro Silver Corp. Introduces High-Grade Sampling Results from Recent Program at Santas Gloria Silver Property
VANCOUVER, BC, June 2, 2021 /CNW/ - MANTARO SILVER CORP. (TSXV: MSLV) (the "Company") is pleased to provide an update on its high-grade silver Santas Gloria Silver Property, located 55 km east of Lima, Peru. The Santas Gloria Silver Property, which is 100% owned, is comprised of three mineral concessions totaling 1,100 hectares.
Highlights of Santas Gloria Silver Property:
- High-grade Underground Channel Samples of over 10,000 g/t Ag at the Tembladera Vein and over 4,100 g/t Ag at the San Jorge Vein in Mantaro's recent exploration program (see Figure 1 for all silver results of the program).
- High-grade gold of 56 g/t Au at the Kelly Vein in Mantaro's recent exploration program (see Figure 2 for all gold results of the program).
- Approximately 16 major veins and vein splays with a cumulative strike length of over 12 km.
- Planned 7,500 metre drill program for the Tembladera Vein System, San Jorge Vein System, Kelly, Maribel and Paquita Veins.
There are over 12 kilometers of intermediate sulphidation veins and vein splays arranged into a number of key target zones: the Tembladera Vein System, San Jorge Vein System, Kelly Vein, Maribel Vein, Paquita Vein and Rosario Vein. The system has never been drilled tested and exploitation of silver was limited to two areas of the San Jorge and Tembladera veins.
Are we entering a commodity super-cycle?Definition of a commodity super-cycle:
Commodity super cycles are decade-long periods in which commodities trade above their long-term price trend.
Technical Analysis:
Using a weekly candlestick to see the bigger picture.
DBC is breaking out of a 10 year long downtrend.
On Balance Volume is supportive, as it is also breaking higher, reaching levels from a decade before.
We are breaking and testing $18.5, which is a very long-term resistance; now potentially turning into support.
This is a long-term setup.
R1, R2 and R3 are potential targets to take some profits.
Fundamental factors:
Weakening dollar
Supportive central banks
Fiscal stimulus geared for infrastructure spending
Pent-up demand once as global economies re-open.
Government and private companies increasingly pledging carbon reduction measures.
Inflation ticking higher, as the Fed is taking a new approach of waiting, rather than anticipating, as it has done in the past.
usdcad long potential move up on this pair over the coming weeks
stop just bellow minor trend as overall its in a big down trend
GOLD gone as expected, from 1764 price double bouttom (4H TF)GOLD gone as expected, from 1764 price double bouttom (4H Time frame Analysis)
Congrats guys on your profits!! :D
Price action was too much! We need to cool down as well as BTCGold made a huge gain like ETH. We have seen a nearly parabolic rise with Gold, just as ETH did. For now I am waiting for a retest to go back to the "normal" price. The breakout form the bullish trend was really epic, and we managed to close half of our long position from 1750$ at the 1850$ level. Our 2nd target was at 1950$ but I had a feeling that we are ready to do a correction so we closed the other half of our position at 1900$. Right now I am looking for short and once we finished the corrective move. You can see our possible trade on the chart. To get more info please join our community to get some really deep level analysis about FX, Stocks, Crypto and Commodities.
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DXY has been looking weak. Here's my long term chart.I'm watching the solid blue downward trendline closely. DXY looks sick; if it breaks, lookout, commodities to the moon!
Gold bears looking for a discount (Update 4)Hi guys,
Another superbullish week with an excellent weekly close and gold looks in excellent form. We have the 7th straight green day in a row, with bull candles showing exhaustion near the weekly top Boilinger Band. This should be good enough for a 40-50 dollar retrace. This retrace is obviously a gift from the big guys for us little fish to catch the bull ride to 1920 with some possible slippage to 1930. From there we need to reassess the situation, as that level is a strong bearish zone.
I need to make note that we are still in a bearish trend until 1960 is taken out, creating a higher high on the daily chart since the bear-rally to 1680. Until then, this might just be a (strong) bullish retrace. It looks like a nice sell from a technical point of view as we are near the 0.272 fibo retracement level (1883) and near the 2020 closing price (1893), but this can only be confirmed after we see a strong bearish daily reversal pattern (usually preceded by a week of heavy ranging). If the bears manage to break through 1820 (breaking the bearflag), then for me the bullish trend has officially ended and we are looking at a bearish hostile take-over that can bring us all the way down to 1600.
For the time being, I remain bullish on gold and will be looking to buy dips on important fibo levels until proven otherwise. I will avoid buy limits, as the current H4 candle pattern reminds me of the pattern preceding the $115 big bear candle of November 9th 2020 (better be safe than sorry). Rather I will keep an eye on the chart to look for a bullish divergence on lower timeframes, bullish harmonics or bearish exhaustion near important support levels.
So far the dollar seems helpless and the weekly candle barely closed above 90. However, we have a triple bullish divergence on the daily there, and a bullish relief rally can't be ruled out. With the last triple divergence, the dollar travelled 4 points from 89 to 93. From a fundamental point of view, we had the FOMC minutes on Wednesday where tapering has been mentioned for the first time since the corona-crisis in 2020.
After Dallas FED President Kaplan (who has been a supporter of tapering for months), Atlanta FED President Bostic joined him on Friday and started hinting about tapering too. Ofcourse this is superbearish for gold, as gold is the anti-dollar and viceversa. We need to see how this plays out in the coming weeks, as the preliminary PMI data on Friday and the CPI data of 2 weeks ago are showing early signs of an overheating economy, with the services PMI hitting 70. That hasn't happened in the last 25 years. Take note, 25 YEARS. Bostic is set to speak on Monday again.
In conclusion, another action packed week ahead in the markets so make sure you are on the right side of the movements that are coming up.
Love and hugs,
Cesaro
Check the chart in one hour time#xauusd #gold
Hi everyone
I hope you are well
Last week, we expected gold to react to the channel's resistance line in daily time and see gold prices fall. But, as always, it surprised us and continued to raise prices, ignoring the resistance line and breaking it. But what does gold do?
1. Gold is on an uptrend and we have no sign of a downturn at the moment. But the price of gold can have a correction to the range of 1865 or 1854 and then move to 1900 and then 1950. At present, the price has not exceeded 1888 and it can not be said with certainty that it has a correction or will rise from the same price.
2. Gold starts to fall from this range and the condition for this decline is to stabilize the price below 1854. However, the price may increase until 1902 and after this increase, it will start to decline, but the condition for the decline in this case is that the price of gold will not stabilize above the 1900 range.
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Negative Yields Coming, Unserviceable Debt !!Negative yields coming within 2026-2028 due to the high unserviceable debt,
Central bank digital currencies not considered whilst building this Analysis.
My revised (corrected) Gold monthly chart to $2,600+I apologize for my previous chart. I failed to catch the error in time prior to publishing. Here's a revised chart for reference. As all charts, it's a work-in-progress :)
SILVER the HUGE POTENTIAL 🚀The commodities market is BOOMING!
Yes, I know Crypto is all of the rage right now but it is important to have a hedge in your investment portfolio.
Currently, Silver has created a bullish structure that is on the verge of breaking out and testing old highs from many years ago. The silver market is heavily shorted and is on the verge of doing something spectacular.
Gold - Bullish Weekly Close Above Resistance !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.
Gold breacking out!! Gold is breacking out from 9 months sideways consolidation after greater then expected inflation numbers.
New wave count for Barrick Gold...I think it's a ABC wave structure. And sometimes if the downturn is bad enough wave C can extend so the $8.36 can't be rule out. Thanks for the view
Buy $WPM - NRPicks 14 MarWheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver and palladium minerals. It has agreements for 20 operating mines and 9 development stage projects.
The company reported adjusted earnings of 33 cents per share in the fourth quarter of 2020 final figure that increased 100.6% year-on-year, generated revenue of $ 286M during the reported quarter, up 28.2% year-on-year. This advantage was driven by a 33% increase in the average price equivalent to realized gold.
The company is coming off a 40% decline, setting its price at $ 34, a key area where it has bounced in recent weeks.
- Cash $ 104M in 2020
- Dividend Y / Y + 30%
- LT Debt / eq 0.03
Technical:
Low levels of RSI Oversold
16% below MA50
Support at $ 34
The Inflation has LandedThe media has recognized and confirmed what we have been warning about for some time, that inflation was on the way. Well it is finally here.
‘The accommodative/bailout policies of Greenspan and his protégé Bernanke as figureheads of federal intervention and involvement into financial and monetary affairs and their ability to arbitrarily yield federal power have done nothing more than turn market participants into Pavlov’s dogs. The money they have materialized and forced fed into the global financial system without any commensurate increase in production in their economies is money in search of mischief and is very likely to find it…in the form of very serious inflation.’ theimpartiallens.com March 2015 & 2020
‘The powers that be have had to intervene in every crisis we’ve had since the 1980s. and since The Great Financial Crisis of 2007, we now realize that we can never ever stop printing money. It is inflate or die’. theimpartiallens.com February 2021
Cost-Push Inflation
The only people who can’t see the inflation are the authorities who are printing the money. They use the corrupt and decades old revision of the CPI. Meanwhile inflation is rampant in the real world. We mentioned in the following piece theimpartiallens.com that inflation manifests itself in different ways. It can go into stocks, bonds, foreign countries, oil, crypto, your health costs, your housing costs, educational costs, etc. The powers that be can live in denial and it’s not a river in Egypt. But the inflation we warned about that is now taking shape, the one they fear, the one that will bring about the revolutions, is cost-push inflation, especially food price inflation. They will try to disguise it for a while longer with shrinkflation, but when the masses realize that they are spending the same, but their kids are still hungry…watch out!
One of our favorite investment themes ie. 'Real Assets' has finally caught a bid since the summer of 2020 as we can see from the performance of the following ETF’s:
Agriculture (DBA) +45%
Commodities (DBC) +72%<
Base Metals (DBB) +69%
Agri-Business (MOO) 75%
Uranium (URA) 112%
WTI Crude Oil (DBO) 111%
Water (FIW) 64%
Palladium (PALL) 61%
Brent Crude Oil (BNO) 117%
Rare Earths (REMX) +172%
Copper Miners (COPX) 300%
Lithium (LIT) 148%
Cannabis (YOLO) 150%
Time to Rebalance Portfolios?
No harm in taking SOME crypto gains and buying some real stuff! Gold, Silver & the mining companies look interesting here. We went long the following six ETF’s in March/April 2020 in anticipation of upcoming inflation: GDX (Gold & Silver Miners), GDXJ (Junior Gold & Silver Miners), WPM (Gold, Silver, Palladium, Cobalt), WTR (Water), GLD (Gold), COW (LIvestock).
‘Nobody ever lost money taking a profit.’ Bernard Baruch
“Art is making something out of nothing, and selling it.”
― Frank Zappa
theimpartiallens.com
