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Vale S.A. is riding the wave of optimism as the Brazilian stockVale S.A. is riding the wave of optimism as the Brazilian stock market rebounds, buoyed by China's economic stimulus and rising iron ore prices. Vale S.A. has emerged as a frontrunner in the recent upswing of the Brazilian stock market, with shares soaring over 4.5% thanks to an increase in iron ore prices driven by renewed demand from China. As the world's largest iron ore exporter, Vale stands to benefit significantly from China's stimulus measures aimed at revitalizing its economy. This positive momentum underscores Vale's vital role in Brazil's economy, reflecting broader trends in the commodities sector and showcasing investor confidence in the company's future performance amid ongoing global challenges. Rewards Price-To-Earnings ratio (5.3x) is below the BR market (9.9x) Trading at good value compared to peers and industry Analysts in good agreement that stock price will rise by 29% Risk Analysis Earnings are forecast to decline by an average of 4.8% per year for the next 3 years Dividend of 11.58% is not well covered by free cash flows
NYSE:VALELong
by Maximus20000
1
I anticipate a 143% rise in IRONFISHHello everyone! I want to warn you that this idea carries a higher risk! After the recent explosive growth of IRONFISH, the price went into a correction, and the price drop was halted by an ascending trend line. The chart also shows a formed ascending channel for the price. Currently, the price is below the strong Fibonacci level at 0.382. I suggest considering entering a position after the price breaks and solidifies above this level. We can expect a continuation of the upward movement towards the next Fibonacci levels. The final target is $5.84 with a maximum profit of 143%. This is not financial advice, and everything you do is at your own risk! Subscribe to me to receive even more trading ideas.
ILong
by neverovv
$GAL $GAL.AXThis is how i would play GAL. So much to explain could do with a video. But anyway il try explain. Identified three ranges. R1 R2 and R3.. H=High, L=Low and Mid = Mid range. Price rejected R2 High and is currently consolidating between R2 H and R2 Low... Plan A looking for entry on retest of R3 H or deep to R3 Low. This level has not been retested yet. Will look for entry on 15 or 5 minute tf using the EMA cross and some sort of falling resistance break. T1 = 1.255 T2 = 1.330 If it trades below the MID range and holds im not interested and will have to re-evaluate.
ASX:GAL
by gillman_hugh
Iron ore miners to Bull hard Hey guys, Good time to load up on iron ore miners who have been sold off recently but i dont see prices falling below that major long term support line it has bounced off. This chart is part of my thesis on the Inflation cycle to calm down over the next few months but as commodities like iron ore, copper, Oil etc start to bull again as people still have cash at hand to deploy as prices come back down. The Bullwhip effect has certainly started with retailers increasing stock by +25% while sales Revenue only increases by 3% something that confirms prices have started to fall but Major support being hit here and in other commodity showing people are back to buying and the commodities will lead the way back up starting the next wave of inflation that will hit a higher peak then current levels.
SGX:FEF1!Long
by jackwheeler
Vox Royalty to test C$2.15 $VOX $VOXCFWhen the TSX asks you to explain why there was a pick up in volume after you hired a known "pump and dump" firm, you have to wonder how that is going to reflect on the company. Different message boards are full of investors or potential investors posting articles and youtube clips which describe the nefarious goings-on of the National Inflation Association (NIA), who Vox has agreed to pay $100k for a year's worth of promotion. One damning article explains who NIA are: National Inflation Association runs a website called inflation.us. According to their website they claim they are an organization dedicated to preparing Americans for hyperinflation and helping Americans survive and prosper in the upcoming hyperinflationary crisis. They try to create the image of legitimacy and professionalism. However, the site is actually set up as a type pump and dump operation. National Inflation Association typically recommends microcap stocks that trade on the NASDAQ with a low float. They will typically own a large position in a stock they are recommending and send out thousands of emails to their subscribers urging them to buy the stock they are recommending. The National Inflation Association gained a huge following through a variety of their YouTube videos. The National Inflation Association is run mainly by two stock promoters: Gerard Adams and Jonathan Lebed. Both of these guys run other websites where they get compensated thousands of dollars for profiling small companies and sending emails to investors urging investors to buy shares in it. Gerard Adams operates the website WallStreetGrand(dot)com, an investor relations/stock promotion website that sends out stock alerts on penny stocks. Jonathan Lebed also runs his own stock promotion site lebed(dot)biz. Lebed gained national attention back in 2001 when the SEC accused him of fraudulently manipulating stocks in a pump and dump scheme when he was in his teens. Vox Royalty Corp. has been on a promotional tour, meeting and greeting anyone who attended one of the many mining and investing conferences. They have also been using promoters like Crux Investor, Rich TV, Liberty & Finance, Ellis Martin and Proactive Investor. Every time the Vox Corp. media machine went to work, the share price would stumble and fall. With many private investors are frustrated at the lack of dividends or value left over for PIs. "The recent deal probably makes economic sense for Vox, especially with the price calculated for the Vox shares issued in the payment but not sure how the market will appreciate their revenue mix with a significant percentage of revenue coming from 2 iron ore projects. Like the company more than I did yesterday but will watch from the sidelines for now. A little taken back by the 20% option plan, RSU's and PSU's seems excessive to me. Most companies are run with a 10% option plan. This management team does not leave much for the shareholders." Looking at the sentiment of the PI's this stock is on its way lower. Technically, the close below 61.8% from the lows of C$2.15 to the most recent significant high, now looks more likely that momentum is going to also drag this share price lower. Possibly below the C$2.15 level. As much as I was hoping to see this share price rising based on the royalties and acquisitions over the next year or so, I am not going to pretend that fundamentals are going to beat sentiment and momentum. May be there will be a place lower to buy where the risks are a lot lower.
VShort
by TH_Analysis
62 Fe Iron Ore Outlook for Australian Iron Ore62% Fe CFR Iron Ore continues its bullish trajectory, closing in on USD160/tonne. The futures markets show a continued bullish trend. Chinese News China announces a 5.5% economic growth target for 2022, down from 6% for 2021. Premier of the State Council for the PRC, Li Keqiang, stressed the priority of 'economic stability' for 2022. In addition to this, the Premier announced that Covid-19 controls will be adjusted as needed to facilitate economic growth priorities. As the Winter Olympics have now wound down, steel production caps are gradually being eased and should continue over the next coming months. These are all bullish signals for Iron Ore prices. Russian/Ukraine Conflict The Russia/Ukraine war is not expected to cause any significant impacts on iron ore supply on global markets, accounting for less than 40million tonnes of production annually. Australian Local News Weather As Australia is still in the backend of tropical cyclone season, there is a possibility of disruption to normal shiploading activities at Pilbara ports, which could have a short-term negative impact on supply. COVID-19 Western Australia has opened their hard border to other states. This will help with the labour constraints that have plagued many Australian Iron Ore (IO) producers over the last 18 months as there were significant hurdles to obtain skilled/specialist labour to assist with both preventative and corrective maintenance outages across mining sites in the Pilbara. Ideally, over the remaining fiscal year, we should see increased reliability in output from mines and Ports and adherence to output schedules. Long-Term Outlook for Iron Ore Chinese regulators have flagged speculative trading and excessive stockpile hoarding of commodities including IO as the reason for exorbitant prices seen over the last 18 months as opposed to actual demand seen from steel mills. It is rumoured Chinese regulators will look at consolidating the fractured steel production market in China through mergers/acquisitions in a bid to increase bargaining power when it comes to raw material purchasing. Given the 2022 goal of 'economic stability', this does seem like a necessary strategy for China to guarantee fair prices for their major inputs for economic growth. Consolidating the local steel production market to match the high market concentration of Australian IO producers would theoretically allow for better prices for Chinese purchasers. However, given the soured relationship between Australia and China over the last 24 months, it is unlikely the Australian government will take to this kindly, as commodities prices over the last 18 months have delivered record taxes and royalties to Australian governments and essentially kept their economy alive since the COVID-19 pandemic began. In response, in the wildest scenario, we may see Australia back a cartel formation amongst the major IO producers - BHP , ASX:RIO , ASX:FMG - as a way of securing their own economic security.
ASX:BHP
by MAXiot
Iron Bank - Back Up The TruckConje project, involved with ve(3,3) solid distributions for IB/FTM shakers, veIB holders will get solid airdrop. Aside from that, the main utility is the 6.6 trillion dollar per day forex market.. bringing fiat to fiat trades with no intermediary, no slippage, no fees. Some are saying solidly is curve, convex, and uniswap blended into one with a better reward distribution model. Only way to get solidly is to provide liquidity to ve(3,3) NFT holding protocols of which there are like 20-24, of which IB has the lowest mcap/TVL. TVL is already north of 1.2b in TVL after only a month, #27 on defillama. 7.3m total supply, 7.2m are "multisig" which apparently removes them from circulating supply mcap calculations? Feel free to comment on that if you know anything about it. Either way, after a few other deductions (dev allocations, etc) there are 51,000 coins in circulation. Something about airdrops being automatically vested for 4 years as well.. vested airdrops to eliminate sell incentive and classic price drop at launch. I like it. Supposedly at that circulating supply of 51k, its a 8-9m market cap coin only available on spooky swap by bridging assets over to FTM opera and then swapping wFTM for IB. Launched a month ago and quietly went from $250 to $30.. just formed a very unnatural looking perfect cup over the last month back up to $250, and is currently finishing up the handle portion of the cup and handle around $170. Currently, we have a descending triangle on the FTM/IB chart, which is traditionally a bearish continuation pattern, or can be a bearish reversal pattern if it comes after an uptrend, but the probability of downside breakout is marginally better than a coin toss. 55% or so.. which means it's a really weak pattern, and assigning bearish bias to it is not advised. We have a breakout, retest, and support. I think this could easily be a top 300 coin.. 200m market cap like $KP3R is a good start, which is 25x from here assuming "multisig" isn't some kind of technicality. Thoughts, concerns, counterpoints, throw them in the comments. Let's debate about this and figure out what's going on with this coin. Thanks!
ILong
by JohnnyLumens
1
Commodities - What are they and how do they work?This article is continuation to the series of educational articles on basic fundamentals in regards to particular asset classes. If you have not read our previous article on stocks, feel welcome to do so: In order to read the article click on the chart above. Commodities are basic goods used in commerce that are interchangeable with other goods of the same type. They are usually refined or used for production of other goods. Commodities can be traded privately or on public market exchange where they must meet specified minimum standards like quality, weight, type, etc. They are great speculative investments which tend to be ruled by cycles and interaction between supply and demand. Classification of commodities In order to distinguish between particular characteristics of each group, commodities can be categorized according to their type and origin. Commodities that are mined or extracted are called hard commodities (oil, gold, silver, etc.) while commodities that are grown are called soft commodities (wheat, rice, livestock, etc.). Though, commodities can be sorted even further into smaller sub-categories. For example, metals can be divided into industrial metals (copper, nickel, iron, etc.) and precious metals (silver, gold and platinum). Additionally, the agricultural sector can be divided into livestock and grains; and the energy sector can be divided into oil, coal and natural gas. Other commodity sectors can be subcategorized in the similar fashion. Raw materials Primary commodities which are unprocessed and serve as input for production of other goods are also called raw materials. Raw materials involve, for example, crude oil, copper, iron, wheat and corn. Commodities exchanges include: Asia Pacific Exchange (APEX) - Singapore Chicago Board of Trade (CBOT) - United States Chicago Mercantile Exchange (CME) - United States Dalian Commodity Exchange (DCE) - China London Metal Exchange (LME) - United Kingdom National Commodity Exchange Limited (NCEL) - United States New York Mercantile Exchange (NYMEX) - United States Shanghai Gold Exchange (SGEX) - China Correlation Some commodities tend to show correlation with other assets. Such correlation can be positive or negative. Positive correlation means that two assets behave in a similar way. For example, when gold rises then mining stocks rise as well. Contrary to that, negative correlation describes such behavior in which assets move in the opposite direction to each other. For example, when USD/EUR rises then gold in USD tends to decline. Illustration 1.01 Illustration above shows the monthly chart of USOIL. It also shows USDEUR (orange line). Negative correlation between these two assets is observable. When USDEUR falls then USOIL tends to rise. Participants, spot market and derivatives market Commodities are great anti-inflationary assets which are often sought by producers and speculators alike. Producers tend to use commodities with purpose to hedge their risk; furthermore, they often demand delivery of physical goods. Speculators, instead, try to exploit volatile price movements in commodities with the goal to profit from it. Commodities can be bought and sold through the spot market or derivatives market. Spot market simply means buying or selling cash positions while derivatives market involves investing in futures, options, ETFs, etc. Seasonality Some commodities are prone to seasonal cycles which means that they tend to show the same or very similar behavior based on a particular calendar season. For example, in some countries, production of a certain crop may vary during the wet season and drought season. Similarly, heating prices tend to increase during the harsh winter as opposed to during the hot summer. Concept of seasonality is also applicable to commercial and industrial trends. DISCLAIMER: This content serves solely educational purposes.
OANDA:XAUUSDEducation
by Tradersweekly
7
Iron ore and Iron stocks - can we expect a rebound?Charts look absolutely similar between iron futures and iron mining companies. SGX:FEF1! ASX:FMG (Australian Iron Giant) ASX:CIA (Australian Mining Company) - in the main chart NYSE:VALE (Brazilian Iron minor listed as US depository) Looking at Iron future's previous retracement - which is almost equal to 0.786, we may be in the oversold territory. While CIA shows strong bullish divergence FMG and Iron futures show bearish hidden divergence following strong bullish divergence. Conclusion: Good to open small position and wait for next leg up and pullback. Cut losses if new lower low is made.
ASX:CIALong
by Trendoscope
9
Franco Nevada - Bullish Breakout TradeStrong Financial Position No debt and $1.6 billion in available capital as at September 30, 2021 Generated $206.9 million in operating cash flow for the quarter Quarterly dividend of $0.30/share Sector-Leading ESG Ranked #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG Committed to the World Gold Council's "Responsible Gold Mining Principles" Partnering with our operators on community and ESG initiatives Goal of 40% diverse representation at the Board and top leadership levels Diverse, Long-Life Portfolio Most diverse royalty and streaming portfolio by asset, operator and country Core assets outperforming since time of acquisition Growth in long-life reserves Growth and Optionality Acquisitions, mine expansions and new mines driving growth 10.1 million ounce increase in Measured and Indicated Mineral Resources at Detour Lake Long-term options in gold, copper and nickel Noront consolidation likely to accelerate development of Ring of Fire properties 39.78x Price to Earnings (PE) ratio = too much FNV (CA$178.55) is trading above estimated fair value (CA$144.54) Technicals Found decent support and has carved out a bull flag. If we get decent volume on a breakout to the upside , the fib extension targets are the most logical levels to look for.
NYSE:FNV
by TH_Analysis
Karora Resources nudging up to the highsVox Royalty delivered great Q3 results today, thanks in part to the Karora Resources operations. TORONTO, CANADA – November 2, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for the three-month period ended September 30, 2021. Quarterly revenue benefitted from record royalty-linked gold production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret and Mousehollow deposits at Higginsville covered by the Dry Creek royalty and record royalty-linked iron ore production volumes by Mineral Resources Limited (ASX: MIN) at Koolyanobbing, and consistent royalty revenues from each of the Company’s Janet Ivy gold royalty and Brauna diamond royalty. Royalty revenues relative to Q2 2021 were in line in spite of a significant reduction in realised iron ore pricing at Koolyanobbing. From www.karoraresources.com HIGGINSVILLE GOLD OPERATIONS OVERVIEW Owned and operated by Karora Resources since June 10, 2019, the Higginsville Gold Operations ("HGO") is located approximately 75km south of the Beta Hunt Mine in Higginsville, Western Australia. The operation includes a 1.4Mtpa processing plant, 192 mining tenements including the Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge, and Mount Henry deposits. HISTORY Avoca Resources Limited (Avoca) initially purchased the Higginsville exploration assets from Gold Fields in June 2004. The Trident underground deposit, historically the largest deposit at HGO, was discovered by Avoca in 2004 with mining commencing at the deposit in 2007. In April 2007 Avoca raised A$125 million to commission a new process plant facility at Higginsville. In that same year, Avoca purchased the neighboring Chalice deposit from Chalice Gold Mines Limited. Gold production began in 2008 with the first gold pour on July 1, 2008. Alacer Gold Corporation, a wholly-owned subsidiary of Alacer Gold a company incorporated in Canada, acquired HGO after it merged with Avoca Resources Limited (Avoca) in 2011. On October 29, 2013, Alacer Gold Corporations completed the sale of its Australian Business Unit, which included HGO and its assets, to Westgold Resources Pty Ltd who was a wholly-owned subsidiary of Metals X Ltd at that time. In July 2015 Metals X acquired the Mt Henry Gold Project from Panoramic Resources Ltd and Matsa Resources Limited. On December 1, 2016, Westgold Resources Limited demerged from Metals X Ltd. Avoca remained a subsidiary of Westgold Resources Limited and was part of the resultant demerger. Karora Resources acquired HGO outright on June 10, 2019, from Westgold Resources Limited. GEOLOGY Higginsville is located almost entirely within the well-mineralized Archean Kalgoorlie Terrane, between the gold mining centers of Norseman and Saint Ives. The Archaean stratigraphy has a general northward trend comprising multiply deformed ultramafic – gabbro – basalt successions adjoined by sediments to the west and east. Shearing and faulted contacts are common. The units have been structurally repeated by east over west thrust faulting. The majority of gold mineralization projects along the Trident line-of-lode and is hosted by Poseidon Gabbro and high MgO dyke complexes. Mineralization is hosted within or marginal to quartz veining and is structurally and lithologically controlled. Higginsville is also host to significant palaeo channel mineralization. Mineralized zones comprise both placer gold, normally near the base of the channel-fill sequences, and chemically-precipitated secondary gold within the channel-fill materials and underlying saprolite. These gold concentrations commonly overlie or are adjacent to, primary mineralized zones within Archaean bedrock. MINING Currently, Karora is mining from two open pits at Higginsville: the Baloo and Fairplay North open-pit mines. MILLING Processing is conducted through Karora Resources' Higginsville processing plant.
K
by TH_Analysis
RIO Next Stop $80 Range???With current uncertainly www.commsec.com.au following is a snippet from news: 1. Either way, Aussie investors are indirectly exposed to Evergrande through the Chinese property sector’s insatiable demand for iron ore. The price of the steel-making ingredient - Australia’s most important export - has already halved from record highs of around US$233 a tonne in May, following China’s clampdown on the property sector and pollution. 2. A downdraught in Chinese property prices would further subdue construction and reduce iron ore demand. Of course, a potential Evergrande default would be catastrophic for steel demand and shares of Aussie-listed iron ore producers. with current levle of uncertainlty, it's just like catching falling knife, unless we get trend reversal confirmation. it is possible we can see further down side around $90 range and then finally $80 range. Please note these are my own notes for future reference, by no means trading advise to anyone. Also, please feel free to comment or share your thoughts.
ASX:RIOShort
by AsimMirzaTrader
FMG little hope otherwise $11 range next.With current uncertainly www.commsec.com.au following is a snippet from news: 1. Either way, Aussie investors are indirectly exposed to Evergrande through the Chinese property sector’s insatiable demand for iron ore. The price of the steel-making ingredient - Australia’s most important export - has already halved from record highs of around US$233 a tonne in May, following China’s clampdown on the property sector and pollution. 2. A downdraught in Chinese property prices would further subdue construction and reduce iron ore demand. Of course, a potential Evergrande default would be catastrophic for steel demand and shares of Aussie-listed iron ore producers. with current levle of uncertainlty, it's just like catching falling knife, unless we get trend reversal confirmation. I will be looking for following conditions: next week if it closes above $16, would give us some hope - OR - if it goes below $13.50 then next stop would be $11 range. Please note these are my own notes for future reference, by no means trading advise to anyone. Also, please feel free to comment or share your thoughts.
ASX:FMG
by AsimMirzaTrader
FMG Price Channel Oct-21 Through Dec-23Fortescue Metals Group (ASX:FMG) This chart provides two price levels of established historical support. FMG shares have taken a bruising since late July in tight correlation with the drop in iron ore prices. Falling prices and the Evergrande debacle in China, its biggest importing nation, have been a 1-2 punch on this otherwise healthy and growing Australian mining company. Macro trends and commodities price forecast will be a main driver in the short and medium term. Comfortably in the top 5 iron ore producing companies in the world, Fortescue is the largest landholder in Western Australia. A solid balance sheet and strong bottom-line growth position this stock well for the long term future. Highlighted Metrics (source WSJ 2021-10-07): P/E = 3.14 Debt to EBITDA = 0.26 Quick Ratio = 2.00
ASX:FMGLong
by Bowling_Knight
4