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Goldminers

Gold Sell UpdateGood day guys! This is just an update in regards to the position that my team and I are currently holding. In my previous chart, I highlighted how the technicals would be looking to create a rising wedge before continuing to the downside. As of today, the markets are revealing just that. With over 1200 pips and counting, we are still looking for the markets to continue to sell off, because the US government needs the value of gold to be lower for the dollar to strengthen. I mentioned this in my latter post as well, I believe this is going to be the final push to the down side before gold takes off to unprecedented levels before bottoming out. Understand this, Jay Powell and the Fed has come out this previous week to try to calm the markets, but verbally stating, "this is unsustainable." He was referring to the money machines going rapid and inflation moving to higher levels. I believe a top is looking to form in the stock market. This is not financial advice, for I am not a financial advisor registered with he SEC. I do believe in transparency. Therefore, I have began shifting my portfolio to the emerging markets, gold miners, commodities, etc. However, I have learned not to bet against the fed, for they can print whatever and the markets loves debt. We do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
2
GDX Gold Miners Hard DropHave not been posting nor updating publicly... but private circle saw the recent run up, and my suspicion that it would not hold. Circles were target points that were "surprisingly" met. (I dont know how to post the snapshots here, but anyways...) Then this last week saw that GDX cut right through a target level earlier than expected. A new support target is set, but I still suspect that there is more to come. Gap Downs are hard, and on very high volume. This down move is exacerbated with a spiking USD, falling Gold prices and Equities at risk. Not yet ripe. Wait for it.
AMEX:GDX
by Auguraltrader
5
GDX : RESET / POSITION TRADE / HEDGEDuring the last three-month trading period, the VanEck Vectors Gold Miners ETF (GDX) has generated net inflows of 731.35 million. More importantly, we can see that the greatest selling pressures emerged after the Pfizer vaccine news was released on November 9th. This suggests that the market is simply undergoing a temporary reaction to a news event and that further downside in GDX seems unlikely because any additional vaccine announcements would probably do little to change the underlying environment. Moving out to an even longer-term view, we can see further evidence that these assertions are accurate because the VanEck Vectors Gold Miners ETF has actually generated net inflows of 2.37 billion during the last three years. All together, these trend divergences tell us that investors might have an opportunity to profit from recent paradigm shifts in the precious metals markets. While this short-term enthusiasm might be moderately favorable for U.S. stock benchmarks into the end of 2020, we think that the prospects for economic deterioration during the first-quarter period of 2021 might be enough to send investors right back into safe-haven assets. Ultimately, the VanEck Vectors Gold Miners ETF provides an alternative strategy for investors that are interested in moving deeper into the precious metals sector and its expense ratio of 0.52% remains near the middle of the range for the category as a whole. SOURCE : INCOME GENERATOR, THE INCOME MACHINE / SEEKING ALPHA seekingalpha.com
AMEX:GDXLong
by TradingMavericks
New Gold Inc /Gold Miners / Investment Idea Fundamental side of The Idea : Miners continue to outperform gold. This ratio is now confirming a prior breakout with authority and making higher lows since March. While all eyes remain on Gold and crypto , this industry is climbing a wall of worry. About the company New Gold's balance sheet is looking better thanks to a high gold price. However, all-in sustaining costs are very high and reached $1,550 per ounce in Q1'21, with an AISC of $1,586 per ounce for Rainy River. It is a red flashing signal. The issue here is the lack of diversity. The company is running two so-so gold mines and doesn't have any leverage if something bad happens. So far, the gold momentum is helping but it wont for soo long. The reasonable solution is to trade the stock and keep only a small long-term position , The company is clearly undervalued . let say untill The price Reach 7/9 $ range . Do Not hesitate to Contact me . S.Sadki
AMEX:NGDLong
by SaraSadki
Twenty Seven Co. volume spike ($TSC)Twenty Seven Co. (TSC.AX) is a gold mining company based in Australia. A quick tour of their home page will tell you about their various projects, but at a high level and probably most imporantantly: They own a huge swath of greenstone in Western Australia as well as an actual gold mine which shut down in the 1980's when prices were suppressed. The company has recently come back with stellar results and now a JORC is about to land. This is a quick overview to point you toward a nice price spike incoming. Financial advice disclaimer in the signature. Good luck.
TLong
by CryptocurrencyWorkingGroup
AEM. Looking for Gold miners? Agnico Eagle Mines is your pick!Agnico Eagle Mines ( NYSE:AEM ) is the gold mining company that I picked as a long-term investment over many other miners such as Equinox and Barrick Gold. I picked it based on which countries have USD Swap Lines , an idea explained by Katusa Research in one of his videos on YouTube. I will explain it briefly here. A USD swap line is an open channel between the US Federal Reserve and certain central banks such that the bank can borrow USD at any time almost instantly up to a certain limit (such as $100 billion dollars). This provides the liquidity necessary for those central banks to settle their balance sheets, loans, settle large money transfers and currency conversions, and do other central-bank-y things that you can read online. In practice, what this means is that it is much cheaper and much more reliable for, say, an American gold mining company to realize earnings from its oversees mining operations if those mines were located in Canada or Mexico (USD Swap line countries) rather than if the mines were located in Turkey for example. You can find here the list of worldwide central banks that have USD Swap Lines, or I can save you time and list them here: Before CV-19, the US Federal Reserve had standing USD liquidity swap lines with the central banks of the following countries with a ceiling of $100 billion each: Canada. England. Japan. European Union. Switzerland. And on March 20, 2020, the Federal Reserve extended this arrangement to nine more central banks: $60 billion for each of: Singapore. Australia. Brazil. Denmark. South Korea. Mexico. and $30 billion to each of: New Zealand. Norway. Sweden. As it happens, Agnico Eagle Mines has almost all of its revenue coming from mines located in USD Swap Line countries as opposed to Barrick gold which relies on mines located in Argentina, Chile, Cote d’Ivoire, the Congo, Peru, Saudi Arabia, Tanzania, and other similarly Non-USD-swap-line countries. That alone puts me at more ease of mind as an investor. And I recommend that you weigh in this element in all other kinds of investments. That's it for fundamental analysis. From the technical analysis side, AEM has been struggling with the ascending trend line. I believe this will be long-time support once we settle above it. I see two paths for price which I determined by two things: 1. The long curve which you can see in the following chart: 2. The Linear time cycle of 272 days, which nicely aligned many momentum shifts. We can use as an approximate indicator next to other clues later when we're approaching the next time zone and are looking for signs of reversal or momentum. The rest is in the chart. I drew two paths and I expect the lowest point to be the support at $55.60. I am more confident in the higher price path that takes us to $175 by April 2022. Conclusion : This is a long-term investment for those that chose to invest in gold miners. I believe AEM is a solid pick and is set for growth.
NYSE:AEMLong
by TechNerdOmar
2
XAU A lot of confluence here on the bottom trend line of my leading diagonal & the bottom trend line from the March 2020 lows, so much bearish sentiment in XAU currently & also $DXY seem about done with the push. On top of all that yields seem ready to drop, we could have a nice set up for XAU to at least retest the ATH's & breaking that opens the door for $2400. Miners seem all about done & also they r so bloody wrecked that if I had extra $$$$ I would load up on those gold miner stocks IMO. Anyway just my thoughts guy always DYOR. Good Luck!
SAXO:XAUUSDLong
by Big_Mike716
2
Hummingbird Resources set to bounce from channel's bottomHummingbird Resources LSE:HUM is a gold miner, which stocks are traded on the London Stock Exchange. It benefits from a very low valuation with a PER of less than 4 at the time of publishing. After a lengthy consolidation inside a descending channel the stock price now hits the lower channel's boundary in a super oversold condition. It is time for a bounce in direction of the upper channel boundary, before expecting a channel's break to the upside.
LSE:HUMLong
by ChartsAndTrends
Gold miners arragement Some gold miners operate synchronously. They have been falling since the peak of August. They are quite sensitive to movements in gold prices, maintaining a positive correlation. They are trading below their 200 day simple moving average (undervalued signal). Its last 2 peaks have occurred in the first week of the month, 2 months apart. What is the possibility that another peak occurs in early March? Either everyone goes up or everyone goes down. I get the impression that they are going to rebound at the same time.
AMEX:EQX
by amateur_trad3r