Goldminers
Gold-Gold Miners-DXY-Fed Funds-Monetary Base All CorrelatingThis is the Gold Miners Index to DXY ratio. This feels likes 2001 or 2009. Gold is correlating with Fed Funds, the monetary base, and the DXY like its 2009 and 2001. Gold stocks are priced like its 2009.
Since 2019 we have seen the Fed Funds Rate free fall, since September 2019 we have seen the monetary base expand past the low set in December 2016, same with the Fed's balance sheet. We have seen the Fed Rate continue to fall now down to 1.00-1.25. And since September we've seen gold continue to make new highs, the US dollar / DXY break through critical support. We've also seen gold and gold stocks breakout against US indices.
Could this be the beginning of the next bull run? Could this be the run we started in 2009 and prematurely ended in 2011?
If so, hold on to your seat because we're just getting started here. Look for Gold Miners (XAU) to DXY ratio to start surging as the mining sector plays catch up to gold and as the Fed Funds rate continues to plummet and the balance sheet / monetary base continue to grow.
What's interesting is the gold tends to fall when the monetary base falls. But gold has tended to rise when the monetary base moves sideways. It seems like without Fed intervention the monetary base is shrinking and the only way to keep asset prices propped up is to keep expanding the base. This means gold could be on the cusp of an incredible move without much downside even with the prospects of a broad market crash remaining fairly high.
Time for Centamin to reverse?Inverse H&S pattern formed on CEY which started in May 2018.
Reasonable results today and gold in a strong position. Will it go further?
$GDX #Gold miners lagging $XAUUSD by 20% $NUGT $DUST $GLD $JNUGToday's GDX selloff is likely due to an antecipation of a V shaped recovery in the markets.
CDE - attractive entryNYSE:CDE is one of the most volatile ideas in the gold mining space. So if enetered correctly it offers relatively quick and attractive rewards.
Currently idea is retesting major support level, through which it broken up in early November. And if uptrend is to continue in this miner, should not go much lower than current spot.
I am entering with idea to hold it as potential long term holding.
IAG - excellent follow throughDiscussed that NYSE:IAG may have bottomed two weeks ago. And price action in last two days on very heavy volume supports the fact that it really did.
Now it is approaching resistance zone and neckline of inverse H&S. Might rest for a while, but when resistance is cleared, nothing should stop the rally later on.
Gold Miners in a dual pattern breakout - Rally Alert!Just building up, the GDX Gold Miners, which were lagging Gold prices for a while, is now on the verge of a breakout... from a tilted Cup & Handle Pattern, as well as a Triangle.
MACD and OBV are bullishly supportive, and momentum is strong.
A breakout sets an upside target of 32.50.
Enjoy the ride!
Gold miners - laggards in a rallyGold is rallying very hard, and the GDX Gold miners ETF is lagging behind. It is only a matter of time before it catches up, and is already beginning that catch up journey. This morning, it is up 1.5% and launching off, after a higher low bounce off a support region (grey box). Technicals are supportive, as is correlation to Gold prices. The MACD crossed up after consolidation. By next week, it should be breaking out over the trendline, and upside is >15% to target.
Royal Gold - another miner to buy at supportNASDAQ:RGLD is one of the leading stocks in gold mining industry. It started major rally earlier than majority of other miners last spring. And was one of the first stocks to caution that pullback is likely in AMEX:GDX in January 2020.
Right now it sits right near major support level, and in bullish scenario this is constructive level from which new leg higher should start.
ABX : Buy Setup
There are 3 reasons why I chose ABX stock:
I am looking forward to a downward movement in USDCAD. (More explanation on Related Ideas.)
I also follow up the stocks related to the precious metal sector traded in the S&P 500 Index.
You can follow and let's communicate )
I think that precious metals are discounted according to the World indices.This is the most important reason. (More explanation on Related
Ideas.)
Technically, it is suitable for long position.
Parameters
Risk/Reward Ratio : 1/2.59
Stop-Loss : 21.79
Goal : 25.88
AEM - good low risk entry?NYSE:AEM is punished after earnigns release this morning. However good level to attempt low risk entry as price is at major support zone right now.
AXM.V -- $47M mcap play with a proven $900M+ GOLD depositAXM.V should be on the radar of every #gold investor. $47M mcap company with NI-43-101 compliant resource worth $700M+ USD in the Central African Republic and other promising projects in Africa. Rapidly improving security situation and recently announced strategic partner point to a major opportunity, imo.
Bullish MACD cross on the daily chart, bullish RSI/Stochastic following a gap up on the Strategic Partnership LOI announcement. The line "First Strategic Partner" in the latest news release seems to indicate that more material developments are on the way.
IAG - bottom in place?Few weeks ago I mentioned that NYSE:IAG is in good area to make a bottom, and based on recent price action, good odds that bottom is already in (for bullish case to be valid).
Major potential inverted H&S in the making and should not really go below 2.70$, where I am also placing my stop
IAMGOLD -time for a bottom?Miners have potential to be one of top players this year, and today I am looking at chart of NYSE:IAG . Stock reached perfect targets within wave 2 corrrection based on fibo levels, and price also created bullish engulfing candle yesterday . At the same time, price may also be forming bottom within right shoulder in inverted H&S. Looks promising for low risk entry buy
Silver Junior Miner Value Hunting - SPA / SPAZFSpanish mountain has very little debt and is highly leveraged to the price of silver.
Very little downside here, tons of mid & long-term upside potential. Intrinsically undervalued company & assets. They're sitting on a literal mountain of silver trading well below their 2016 peak.
Conservatively I see SPA / SPAZF increasing 150% in 2020. All this requires is SPA getting back to its 2016 high when silver was at $19.
If we get $21 or $25 silver, which I believe is highly likely in 2020, then a 1.5 bagger in Spanish Mountain is pretty much guaranteed.
It could fall from 9 cents to 6 or 5.5 cents, which is a 30-40% loss, and it could easily rise 150%. That's an extremely favorable risk-reward.
If silver were to rise to $30, SPA could rise 400%. 50$ silver would give us close to 1000% gain in SPA.
And eventually, when we get 3 digit silver. Whether that's $100 silver or $500 silver. Juniors such as Spanish Mountain could become 20-100x baggers.
Think long-term ;)
YRI : Long SetupThere are 3 reasons why I chose YRI Stock :
I am looking forward to a downward movement in USDCAD . (More explanation on Related Ideas.)
I also follow up the stocks related to the precious metal sector traded in the S&P 500 Index .
I think that precious metals are discounted according to the World indices.This is the most important reason. (More explanation on Related
Ideas.)
Technically, this chart is suitable for long position too.
Parameters
Position Size : I recommend a small portfolio weight just in case.
Risk/Reward Ratio : 1/3.49
Stop-Loss : 4.16
Goal : 6.36
Silver Target of $26 as Silver Plays "Catch Up" to GoldSilver had a nice surge earlier in the year as Gold surged to $1550. Overall, Silver has underperformed gold this year and remains undervalued relative to gold. As the metals finish and round out of this consolidation (retest of the breakout) look for gold to move towards $1711 and $1834. Silver and Platinum will both follow gold's move and will outperform. We could see $26/oz Silver and $1200/oz Platinum as soon as the 2020 spring.
Silver needs to hold above key support, which lies around $15.65-$16.10. A break below this would not be good for the metals market.
I will be accumulating shares of junior silver miners throughout this consolidation.
Miners can be volatile. Know your risk tolerance, know what you're trying to achieve.
Gold Mining Sector is a No-Brainer. Cheapest it has ever beenGold miners versus the price of gold itself is the cheapest it has ever been.
The gold mining sector cannot go to zero and it is the closest to zero it has ever been.
How often does one get the opportunity to enter a sector at generational
Value investors should love this sector.
- fundamentally undervalued. basing at all-time lows
- Gold achieved 6-year highs in the dollar this year and all-time highs in all other currencies.
- Tremendous amounts of malinvestment and toxic debt.
- Central banks openly expressing they will provide all the liquidity the market needs. Increasing acceptance of negative interest rates, including in the US Federal Reserve. No signs in sight of money printing slowing, precisely the opposite.
Metals Correction is Almost Over. Onto Higher Targets for SilverGold broke out of a 6-year base this year, leading the other metals and commodities. 6-year base breakouts don't just end in 1-month surges. We have higher gold targets following this correction. $1711 and $1834 gold targets in the next 3-5 months.
To us, this correction is an accumulation opportunity. When silver rallies to $25, silver miners will have a ton of ground to cover.
Some are speculating on a more significant decline in gold prices. We could certainly correct to the low $1400s but it will be a short-lived correction not a new bear trend.
Low 1400s is overly optimistic in my opinion. I don't think we'll see below 1434, but if we do, that's just another chance to buy more for cheaper.
JNUG, in accumulation Area.Hi,
JNUG in speculative accumulation area. The contraction that started in August is close to be finished, the accumulation area is showed in Green color.
Price touched the area and was rejected, seems it is creating a resistance in $53, this could be this end of contraction wave.
Confirmation is above $60
- Target 1 is at $103, this represents +90% of opportunity
- Stop bellow $44.5
- 3.7x Risk/Reward ratio
