A inverse #HVF appears to be in progress on the #GDX @TheCryptoSniper Coincides with a probability that gold has put in a major secular top being pushed down by positive real rate environment.
Is Newmont mining telling us that gold is about to correct more or is this isolated to the miners? This leading gold miner could be signaling headwinds for miners. We have seen Gold outperform miners which tells us that this move in gold is likely from the banking crisis...fear.
PALI market cap is $125M. Holds 46.7M shares of NFG, currently worth $230M + other assets. ----------------------------------------------------------------------------------------------- PALISADES ANNOUNCES HIGH-GRADE GOLD ZONE DISCOVERY BY NEW FOUND GOLD, INTERCEPTING 72.2 G/T AU OVER 9.65M VANCOUVER, BC, March 1, 2023 /CNW/ - Palisades Goldcorp Ltd. (TSXV:...
Endurance Reports Results at Southeast Eagle - 139.9m of 3.05gpt Au including 12.9m of 12.85gpt Au & 11.8m of 6.21gpt Au Vancouver, British Columbia--(Newsfile Corp. - January 12, 2023) - Endurance Gold Corporation (TSXV: EDG) (OTC Pink: ENDGF) (FSE: 3EG) (the "Company") is pleased to report assay results from the 2022 diamond drilling program at its Reliance...
Sibanye-Stillwater follows a number of broader correlations. Platinum, palladium, gold, gold miners, the SA40. But until now nobody has mentioned that--because of its earnings misses lately-- perhaps the market is pricing in SSW's overextended battery metals M&A strategy. Will they ever make money on their new lithium acquisitions? Is SSW even making money in its...
MGI reported high grade Gold intercepts of 3.47 m of 13.90 g/t and 9.30 m of 4.51 g/t and appears to be mispriced at $1.8M market cap. Comparables trade at multiples more.
Support at 37.21 was broken w/c 2nd August and then was retested w/c 31 August, and went down from there. A good example of support becoming resistance. Not good for the bulls and bearish for now. Also price is below the 200 EMA.
GOLD structure showing price to break supply zone. At the same time we can see divergence signal was occurred. Taking Long position on 2 demand zone. Going to cutloss if price break previous Low.
Gold structure currently taking short at lower timeframe. Still aiming Long until end of week.
Possibility for price to break top after sideway(m5) to take order at 1991.50-1993.50
Explained in the charts. GDX is in trouble after a failed rally. More downside. Caveat Emptor.
Mid Bull run pullback Entry Price 61.5 Stop loss 57 Profit taking 75 Time Frame 3-4 week. This is catching dropping sword so have stomach for some initial loss. I don't know where is the real bottom but we should be close. Also, note for the volatility will be huge.
Newmont Mining just came off a record quarter in Q3 with free cash flow of ~$1.3 billion, and increased its dividend by 60% to $1.60 per share annually. Despite these bullish developments, the stock has slumped with the rest of the sector, down more than 20% from its August highs. This correction has left the stock trading below 13x FY2021 annual EPS estimates,...
The green long-term channel started to appear around mid of July of 2016 by price hitting the top of the channel! During the Covid19 Pandemic we observed a fake breakout but everything gone normal after first months! 15th of Sep the price touch top of the channel and started to fall! the red bearish trendline is broken and we are currently in pullback to the...
Spanish Mountain Gold has broken out following a consolidation period. Their ongoing feasibility study with a combined rising gold price environment should lead to intense gains.
A pure speculative play (companies operating efficiencies aren't the best) that has a return potential of 5X+. The long term chart (going back to the 80's!) looks primed to explode if all the 30 & 10 year descending trend lines get taken out, as well as the golden cross & the inverse H & S as noted in HI_DUTENGIN's post. The fundamentals of the company are OK...
Again, I am very bullish for gold long-term but things were getting crazy. Too much distance between price and mean, too over-bought, and (of course) the parabolic shape GLD and SLV began taking. Today is not a suprise and I expect the bleeding to continue. An amazing buying opportunity awaits us but we will need to be patient!!
This is a Katusa pick, but it is showing some breakout. Track accordingly I will buy below the trend line as gold stays macro positive.