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Austral Gold: Junior's Time to ShineLooking at Junior Gold as the next big market to trade, obviously due to rising gold and silver prices, but I like this company for a few reasons. Obviously being in South America the local currencies are trash (EM FX at record lows) so costs will likely remain low, especially if oil remains relatively cheap. Recently margins have begun to grow due to rising gold and I think there are companies like Austral that are in an interesting position because they are too small to be bought buy the large ETF's due to their purchase rules, yet they are unlocking significant value for shareholders. Currently the company is raising capital for drilling/exploration activities at their existing mines at $0.08 offering only to existing shareholders, so I don't think the dilution will really hit the market. I think this offers a trade opportunity with an interesting risk/reward profile. As long as this negative-interest bond madness continues we can expect gold to continue rallying higher, which means the margins at the miners will swell! ETF's can't touch these until they get bigger so the time to aquire shares is now before the gold market as a whole is revalued much higher than it is today. Highlights: - Existing Guanaco/Amancaya operations providing cashflow near Yamana Gold's El Penon deposits ( June 2019 AISC < $1000, gold at over $1500 currently) - Exploration potential in both Chile and Argentina (existing reserves assayed at $1300 Gold) - Rising silver prices while Casposo silver operation on-hold (reserves in ground gaining value) - Austral can produce lots of silver, meaning a big drop in the gold/silver ratio will leverage the margin expansion faster than gold producers alone. The company has some debt, which obviously poses a hurdle, but repayments are going well with the recent increased cashflow. Mineral reserves need to expand so expect drilling and associated costs, there is a deal offering to existing shareholders to fund drilling this year. Looking technically there have been 2 other historic buying opportunities at these levels, and the market seems to be close to a potential breakout of the falling wedge pattern. If you zoom in on the last year the stock has traded in a range and despite the thin volume there is a potential cup + handle formation holding just below the 0.09 level. I'm obviously bullish and have a long position. Please comment if you have any thoughts on AGD/AGLD. GLTA.
ASX:AGDLong
by UnknownUnicorn4409175
17
Sibanye The share price of Sibanye has moved into a triangle shaped consolidation. The consolidation follows the strong uptrend we have seen on the stock. The triangle consolidation alludes to a short pause in the trend before this trend is continued. A close above resistance at 4040 would consider an upside breakout, confirming the pattern and continuation of the uptrend. In this scenario, traders might look for a move higher proportionate to the height of the triangle pattern. A close below the lower level of triangle support would suggest the failure of the move. A close below the 3650 level would instead consider a downside breakout, suggesting a reversal of the preceding uptrend. As triangles are more commonly thought to be continuation patterns, a downside breakout would not be considered a favourable trading scenario (unlike the upside breakout scenario highlighted above).
SLong
by Martintradingza
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.
ALong
by wealth_bakery
1
SQM BUYBuy signal at 30.25 $ Timeframe - 1 week. Sociedad Quimica y Minera de Chile S.A. (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. It's interesting for me due to mining of Lithium. Which is used to create batteries. If you want to see more history of this strategy, I will able to show you if you request me. __________________________________________________________________________ You can use the signals independently or like indicator of trends together with other indicators in your trading strategy. Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies. You use these signals inside your strategies at your own risk. The chart shows the last trades on the product + the last signal. I have several strategies for different products, and I want to show you proof of it works on history, and you will be able to see it, when returns to that profile. Therefore, subscribe and watch for that profile.
NYSE:SQMLong
by price_and_time
AVZ MINERALS - 10 baggerThere is a 10 bag opportunity here on ASX stock AVZ Firstly I made another analysis in support of this idea. This is a lithium stock and I've analyzed and shared the major lithium etf in another post. I’ve made a shorter term analysis here on the daily however please zoom the chart out to see the pattern cup and handle. If this pattern is real and executed in the medium term it is 10x Just as in lithium etf I’m expecting a pull back but I will start to DCA in on this one from here because there is not much downside as I see. We have had a nice pump with strong volume and breakout of the downward trend in may 2019 and the most recent one 2 weeks ago. We didn’t make a higher high but we have printed higher divergence on RSI and MACD. As I believe this one is giving a last opportunity to enter before big upside potential. We are currently in a symmetrical wedge and coming closer to the apex. Expecting a touch of the 78.6 from this latest move at the 50/100 DMA If we break down below these levels and close I will be getting out also!
ALong
by djmitchb
2
AUY: Another Channel Trading Gold StockSimilar to a few gold stocks , AUY just keeps treading water. I'm looking for these gold names to start moving (in one direction or another at least). If they finally break down, I can stop watching. But something tells me with the slower growth in global economies, it might not be time to ignore gold right now. Obviously we'll see but for the time being, can AUY actually set a firm push above this channel in the near term? QUOTE: "Its Jacobina site posted record quarterly production of gold as well as all-time-highs for full-year production. The company will release its full financial results after the market close on February 13 followed by a conference call on February 14. Will this be enough of a carrot to dangle in front of gold-stock investors between now and then?" QUOTE SOURCE: Are These Gold Stocks Ready To Breakout In January?
A
by PennyStocks101
BITCOIN | To $9,000, To High-Probability Trading Area!Hi, It is time to make an update because the current Bitcoin price action has started to draw some high-probability trading areas. Lately, the BTC price has been quite loyal to technical analysis. As you see, this analysis is made in the middle of the day with expecting a breakout from the long-lasted down trendline. The breakout is not confirmed yet but if it gets confirmed then I will expect that the current move may find its end around $9,000 and there it is - the possible short-term reversal area! The Down-Trendline From 2019 High If we observe different exchanges then in some cases this down trendline has already broken but in the majority, it is not. I follow the majority and today this could be the day when we finally may get a breakout from it and considering mid-, long-term it is a pretty strong statement from bulls which may end a correction since mid of 2019. If we look at a bit bigger picture then since 2018 December the bigger trend has been upwards, from $3,100 to $14,000. Considering that we can call it a counter-trendline (CTL). My older followers should know that those CTLs have been offered pretty powerful trading setups and probably this is not an exception, obviously after today's candle close above of it. Possibly, we may get a buying opportunity but there needs to line up some criteria and as you probably know, my bread and butter are short-term reversal trades, not breakout trades. The current possible breakout just tells to me that bulls are trying to push the price into my marked high-probability short-term reversal area around $9,000-$9,350. High-Probability Trading Area. If we get today's candle close above the CTL, above EMA100&200 then I assume the price will reach my marked red box. The marked red short-term reversal area is between $9,000 -$9,3500 and it consists of: 1. The round number of $9,000 has been a pretty psychological number for buyers and sellers. 2. The strongest horizontal price level inside the box should be the blue line ~9,300 - it has got the most rejections on the Daily. 3. Fibonacci retracement 62% 4. Fibonacci retracement 38%, pulled from 2019 high to 2019 December low. 5. Several Fibonacci Extensions 2x 127% 1x 200% 6. 4H timeframe clear AB=CD and the D point is exactly inside the red box. 7. 4H timeframe channel projection 8. The Double Bottom target (this is the Fib Extension 200%) 9. The IHS target is inside the red box. Both of these patterns aren't textbook examples but in general, they should show where the momentum may find its end. Both ideas are on the "Related Idea" section below of this post. 10. Risk lovers can short it at $9,300 but to get a higher success rate for trades then wait for a bearish candlestick formation. The area is pretty wide so, wait for it from 4H. As said, the mid-, long-term sentiment should stay bullish as long the Bitcoin price is above the CTL. So, the targets should stay $8,500, $8,000, $7,600. Perfect would be a trendline retest and let the bull run continue. Hopefully, we get into the wave upwards after the CTL retest as shown on the image! Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You! Regards, Vaido
COINBASE:BTCUSD
by VaidoVeek
39
NEM critical Technical Level; Can It Hold?Newmont Goldcorp NEM is holding at a critical technical level right now. With this volume, it's hard to ignore. However, make sure to note the strategy the company is taking up right now. Deals and strategic investments. They just threw another $8 out there. This time it was to GTT . QUOTE "It’s also important to keep in mind other big deals that the company is part of. Namely, the strategic investment GT received earlier last month. Newmont Goldcorp closed on a C$8.3 million financing with GT Gold. The proceeds are slated for funding “all expenditures up to and including the Saddle North Preliminary Economic Assessment.” The specifics of the deal show Newmont receiving 6,877,199 shares at an average price of $1.20." QUOTE Source: Top Gold Stocks To Buy Or Avoid After Key Updates
NYSE:NEM
by PennyStocks101
HL At Key Technical Level, Now What?COMMENTARY Chart clearly shows this as a historic level of support and resistance for the penny stock . The last few times HL tested the level, it failed to break above it. Right now, it's trading right at this level; not quite breaking above but not breaking down either (yet). I think we're going to need to see gold pick up some steam for it to get over the hump from a technical perspective IMO. QUOTE "Shares took a 2-week break from Hecla’s second-half run in 2019. However, on January 14, Hecla stock began to return to its bullish trend. The stock jumped from $2.98 to highs of $3.18 just after 11:30 AM EST. This week, analysts from RBC raised the price target for the stock from $1.90 to $2.75. However, RBC maintained its “Underperform” rating. This came just a few days after analysts at CIBC upgraded Hecla from “Underperform” to “Neutral.” The firm also boosted its price target from $1.75 to $3.75." QUOTE Source: Top Penny Stocks To Watch Right Now; 1 Up Over 100% Since November
NYSE:HL
by PennyStocks101
EGO: Best US-Listed Gold Stock To Watch In 2020?It was #2 of the top 4 best gold stocks to watch over the last 52-weeks. But compared to #1, which I wrote about on another board, I think the progress it has shown makes it stand out right now. Increased production, big potential reserves, etc. Something to keep in mind especially if the turmoil continues. "RBC Capital recently initiated coverage on the gold stock. The firm rated it at “Underperform” and set a $6.50 price target. In November Eldorad updated its reserve and resources statement. This showed total proven and probable reserves of 384 million tons at 1.32 grams per ton of gold, containing 16.4 million ounces. Inferred resources at its combined properties – Perama Hill and Perama South – also increased by just under 760,000 ounces of gold." Source: What Are The Best Gold Stocks? 4 Names To Know Right Now
NYSE:EGO
by PennyStocks101
Cleveland Cliffs is an inexpensive trade deal recovery playCleveland Cliffs is a mining company with a lot of exposure to China tariffs. The company's earnings took a huge hit this year due to the downturn in steel as a result of the trade war, and the price plummeted. The company should get a nice surge on any positive trade talk news. It briefly made a bullish trend line break Friday when the market thought a deal had been made to repeal tariffs, but it's back down today after Trump said he loves the tariffs and he hasn't agreed to repeal them. (Sometimes I think he's jerking us around on purpose.) Even without a trade deal, this stock is a good bargain at the current price. It's got a sustainable 3% dividend and is financially healthy enough to weather the downturn. It did well on its last earnings report and has unusually bullish options activity. Backward P/E is now about 2.6, whereas before the trade war this traded at more like 10-15. Forward P/E is higher at 6.5, but still well below the 5-year average. Buy this for the dividend and hold it for the recovery whenever our political leaders get their act together on trade.
NYSE:CLFLong
by ChristopherCarrollSmith
3