BTU Metals Corp - Pitchfork & Key LevelsRSI is bullish.
Support at $0.36
Resistance at $0.43 and $0.5
Goldminers
Gold Miners GDX just broke out - Target 46With almost a 30% upside full potential, the GDX broke out of a down trend resistance line, with MACD crossing over into the bullish territory. The GDX also nicely bounce off the 55EMA and registered a recent higher high.
System Buy signal activated.
Rather bullish signal, don’t you think?
Projections put the upside target at 46, with pauses along the way.
Fosterville South Exploration - A +450% IPO in less than 30 daysWhat an IPO, what a run!
The tight share structure of the company (25% of the company is owned by the Management and founders) sent the stock to $4.6 today.
After the incredible Kirkland Lake story, the Fosterville region is more than ever keeping its reputation of creating lots of money.
What about value? Is this stock interesting from a fundamental standpoint? The answer is "I don't know", the lack of information on the company and especially on its structure does not yet, make it a sure bet for the long term.
Mandalay Resources - Bullish BreakoutThe multimonth range that started in October 2018 was broken to the upside at the end of April.
The confirmation pullback with large selling volume, along with buyers coming in today suggests a low was formed and a new rally is now in.
GOLD miner buy opportunityLong term add after bounce off 382 fib level. Gold bull market just beginning. EMAs all positive bullish momentum. Shorter time frames are strong, new 52 week highs coming.
BULLISH GOLDEN CROSS ON JUNIOR GOLD MINERS 15MINA BULLISH TECHNICAL DEVELOPMENT ON THE 15M JUNIOR GOLD MINERS GDXJ CHART
AMEX:GDXJ AMEX:JNUG BMV:JNUG CURRENCYCOM:JNUG CURRENCYCOM:JDST BVL:JNUG BMV:JDST CURRENCYCOM:JDST OANDA:XAUUSD OANDA:XAUCAD AMEX:GDX AMEX:BTG NYSE:AUY BCBA:AUY AMEX:SILV NASDAQ:PAAS AMEX:SGDJ AMEX:SILJ SWB:G2XJ
SOIURCE: www.investopedia.com
What is a Golden Cross?
The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
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KEY TAKEAWAYS
The golden cross is a technical chart pattern indicating the potential for a major rally.
The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.
The golden cross can be contrasted with a death cross indicating a bearish price movement.
Pure Gold - Bullish Trending ChannelRSI is bullish.
Mine construction is almost finished : 29 weeks to production.
WHOA! JUNIOR GOLD MINERS GDXJ JNUG - JUNE 2020 PRICE PREDICTIONPREPARE FOR AN INVERSE HEAD AND SHOULDERS PATTERN TO INITIATE A BULLISH CHAIN-REACTION AND HARMONY FOR THE JUNIOR GOLD MINERS.
GOLD AND SILVER MINING HAS SET THE STAGE AND WE EXPECT SOME MASSIVE MOVES AHEAD...
TRADE THE BREAKOUTS
GDXJ AMEX:GDX FX_IDC:XAUUSD TVC:GOLD AMEX:JNUG AMEX:JDST
"Patience comes to those who wait"
-HandofGold
A little rebound for the Gold Miners perhaps?Long term I'm definitely a gold bug but I have warned repeatedly about near term risk (which I don't think has completely resolved if I'm honest). The market is euphoric but channels are now becoming apparent and lines are being drawn. It's very possible we have a small bounce in miners with the upper channel limits identified as well as some other possible diagonal resistances. Be careful, but a strong opening Monday could mean a quick trade for some easy money can be made.
SELL THE GOLD MINERSEXPECTING JUNIOR GOLD AND SILVER MINERS TO CONTINUE RETRACEMENT. I WILL REMAIN SHOR HERE. LOOKING FOR A NEAR TERM CONVERGENCE OF TREND LINES AND FIB RETRACEMENT LEVELS.
"PATIENCE COMES TO THOSE WHO WAIT"
-THE HAND OF GOLD
NEAR TERM HEAD SHOULDERS ON JUNIOR GOLD MINERSLooking for initial target of $46.66 on AMEX:GDXJ AMEX:JNUG AMEX:JDST
GDX/DUST: Gold miners still looking overboughtDon't get me wrong, I love gold/precious metals and the miners but sometimes a little perspective is needed. The miners index is in nosebleed territory with 92% bullish and negative divergence on the RSI(5) and MACD. Then I started looking at DUST, an inverse ETF and a large bullish wedge is appearing.
GDX - 7 Year BreakoutNew multi-month support at $32.
GDX needs to stay above $32 for the rally to resume.
SandStorm Gold - Shooting Star SignalThe combination of a shooting star (on an upward trend) combined with a red volume, signals a short-term reversal.
Agnico Eagle Mines - Key Level A strong breakout with high volumes, above the red resistance, would fuel up and resume the current rally.
PureGold - New Multi-Year HighPureGold's first production of its under-construction Red-Lake mine is expected for late 2020. Jeff Clark, a famous precious metals analyst, often quotes that empirical studies suggest that there is a 90% probability of a 90% stock-return during a mine's last year of construction.
Gold made new high, Indicies didn'tGold looks very bullish to me. Long, S/L 1666, target 1900 area
While i think US indicies will drop below their previous low ~2200 i don't think Gold will follow but
will make a new high instead. Should it be drawn down with the markets i buy on the way down.
Miners are still a good buy in my opinion.
Gold to Test ATH Soon?With the unemployment rate being announced later this week I have been keeping an eye on the gold markets for clues on a direction. Expectations are that unemployment will increase substantially from the last reported 4.4% to levels that haven't been seen since the 1930's. However, the price of gold hasn't really "outperformed" during the Covid-19 pandemic when compared next to other asset classes which begs the question, will the unemployment numbers really matter?
Looking at the charts gold has been in consolidation since breaking out of the inverse head and shoulders on April 6th. Price has retested and been trading flat since April 14th. The chart below is of the SPDR Gold Trust ETF (GLD). Current support is 156.95 and is a must hold if more upside is to follow.
On the 4-hour chart above, I've highlighted how volume increased on the break of the inverse head and shoulders, and as price returned to retest support volume has settled nicely. MACD confirms this and is beginning to show potential strength in bullish momentum. If GLD breakout, targets should be set towards 174, which conveniently is nearly all-time high resistance.
How confident can we be on this trade? Below is the weekly chart of GDX, a Gold Miners ETF. Here, note the weekly retest of previous resistance at 31. How strong the support remains to be seen, but the strength on the gold miners is undeniable and reaffirms the gold trade to the upside.
Heading into the potentially historic unemployment announcement this Friday, it may be a safe bet to look into gold if you believe in the safe haven narrative. If you are a trader like me, GLD and GDX present opportunities to make 10-20% returns in a short period. Bias: Bullish .
GDX Confirmed Breakout => $50 ObjectiveGDX looks good : we have certainly seen the bottom here.
Breakout was validated by the pullback confirmation.
There is a huge potential here, based on the previous lows of march : Target Price of $50.
Volumes are not very high, but they should pick up quickly, as investors have being buying the dips during the past weeks.
Looking to Short - Technical Analysis of JNUG - Gold MiningIt looks like the tons of volume that entered the market on JNUG last week is the only thing keeping the price afloat. Overall the stock is bearish, dropping from over $100 to single digits.
Short-term, it's getting ready to test the resistance (shown by the horizontal green line. We can see a bullish trend over the last few days, steadily making higher lows. I'm expecting it to continue the downward trend because it's getting close to testing it's previous top, but those who are taking a more optimistic position should at least wait until it closes above the resistance before taking a long position.
Holding my short positions unless the resistance is broken
