PLG up on heavy volumePLG jumping today with volume of selling minimal and large recent buying by hedge funds and private investors. Can only hope for repeat of 2014.
IMPUY AMEX:PLG OTC:IMPUY
Jrmining
ROXGOLD INC - TSX: $ROXG OTC: $ROGFF Rounding BottomSince last Summer (2018) ROXGOLD INC - TSX:ROXG OTC:ROGFF appears to have been carving-out a rounding bottom and in the process, recapturing its 200 DMA last month (May) and now finds itself potentially building a handle forming a cup-and-handle C&H as is evidenced in the Daily chart above.
Additionally, we can also observe that ROXG now finds itself trading above all of its important moving averages 20/50/200 DMA's, which depicts a healthy technical posture.
Furthermore, with $Gold now awakening from its six-year slumber (long-term consolidation) and many mining equities lagging behind the physical metal itself, we suspect that the metals equities themselves have some catching-up to do.
Thus, both investors/traders may want to continue to monitor the action closely in the days/weeks/months ahead throughout the mining equities landscape and in particular, those names whom display excellent technical characteristics such as ROXG .
While we believe that and initial objective of $1.40 is viable, it's very likely that we could see the $160 - $1.75 zone further down the road as the space heats-up.
EMX ROYALY CORPORATION - NYSE: $EMX One To WatchTECHNICAL
For the past year, EMX Royalty Corporation NYSE: EMX has traded in a range between $1 - $1.50 despite all the gyrations throughout the resource and precious metals mining sector. While many Jr. mining stocks have had a tough go of it for the most part with the exception of the very strongest names within the group, EMX has held-up and continues to display solid technical characteristics.
When observing the Daily chart above, we can see that EMX continues to trade above its 20/50 and 200 DMA's, suggesting a favorable technical posture.
In addition, when extending out to the Weekly and Monthly time-frames, EMX also portrays a picture of strength. Thus, we have favorable technical characteristics across multiple time-frame durations.
Therefore, both investors/traders may want to put the shares of EMX front-and-center on their radars for further monitoring moving forward as we suspect that when the next major advance ensues within the precious metals space EMX is positioned and poised to shine.
