RIC- Inverted H&SMaybe this will work on an inverted right shoulder to complete the inverted H&S pattern. Will need to get back over 7.00 after consolidation for breakout area.
Mining
A buy in mid April, but a hold or short until then.Looking at the current confluence on the chart, it looks to me like we won't come out of the current down move until mid April. This being said, I suspect that we could see a bounce from the bottom diagonal and thus I would be a buyer pre-April if we saw a drop to that diagonal (currently ~ 14p).
Sept 2, 2016 XAUUSD The Gold Market After Non-Farm NumbersLONG That's my opinion of the current XAUUSD market. I'm looking for increased action in the junior resource space next week after Labour Day.
Discovery in MexicoWeekly chart of Almadex this week after discovery in Mexico.
Almadex Discovers Gold-Rich Porphyry System at Norte Target, El Cobre Project, Mexico
Climbing Higher with SilverA short term downtrend has been broken and there are several indications to buy. Volume has been increasing, MACD is showing it is about to cross, Stoch RSI is showing that the stock is not trading at an overbought level, and it is trading just above the 20 Day Moving Average which has been acting as a line of support/value for the past few months. Also with the recent rally of silver, this stock will climb even higher with its large silver mining projects in Peru having an estimated 290 million ounces in reserves.
Newmont Mining ( NEM ) - weekly chart overbought.NEM is one of the darlings of gold mining stocks, it has seen a phenomenal run-up, but I expect a retracement soon. Tighten stops if you are long, new would-be buyers should wait for a better entry.
Comeback?SQM is claimed to be the efficient chemical mining leader in its group. Lithium demand and prices, as well as output along with the stock is expected to increase. SQM financial is weak relative to prior performance, but current levels are holding up and is expected to improve. Lithium competition: ALB, FMC, ASH, POL, TLH, LIT, GXY, LAC, ORE, CLQ, and WLC
CLASSIC ELLIOT WAVE TRIANGLE - MAJOR UPSIDE POTENTIAL#SLW - SILVER WHEATON CORP - NYSE. CLASSIC ELLIOT WAVE TRIANGLE ABC CORRECTION WITH MAJOR UPSIDE POTENTIAL
With the mining industry doing so well Silver Wheaton Corp is the largest pure precious metals streaming company in the world. Streaming / royalty stocks are greatly becoming the darlings of the commodity investment world. In the precious metals sector, this type of company provides financing for mining companies in the form of an upfront cash payment in exchange for a percentage of production or revenues from the mine.
Silver wheaton corp has performed well during the 2016 bounce in commodity prices along with a few other best known streaming / royalty companies in the mining space Franco-Nevada Corp, Silver Wheaton Corp and Royal Gold Inc. These stocks have all performed well offering leverage to the underlying move of the metals. For example, while gold and silver are up around 20% year to date, the three stocks mentioned above are up 45-55% in the same time period.
#SLW Upside potential to me this pattern looks to be an ABC Correction with uptrend to follow, the stocks anticipated growth is expected to be driven by the Company’s portfolio of low-cost and long-life assets, including precious metal and gold streams on Vale’s Salobo mine and Hudbay’s Constancia project.
Overvalued/Undervalued Ratio 4/20/2016Knowing when to get into contrarian assets is essential to trading in Keynesian markets.
Gold/Silver Ratio 4/20/2016The big direction of this ratio is obviously down, and there are only three ways this ratio can go down: 1. Silver going up and Gold going down; 2. Silver going up more than Gold going up; 3. Gold going down more than Silver going down. #3 is very unlikely and #2 is most likely. Personally, I'm long both metals.
Amadeo Ratio 4/19/2016Use it with benevolence and love. Use it to pursue peace and serenity. Keep in mind that Doing cannot do much without Non-doing.
SPY/XME/USO/GLD/SLV Ratio 4/18/2016 (Short-Term View)Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
SPY/XME/USO/GLD/SLV Ratio 4/18/2016 (All-Time View)Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
pennies to thousands silver mining candidatemoney flow rising -waiting for opening confirmation bar
get our book on amazon for entry and exit rules with stop loss parameters
j hook pattern
relative strength good
macd crossed
cci and percent r in upper ranges
good pattern
above weekly cloud
Rio Tinto share price is in consolidation phrase.Even though there is Rio Tinto's New Boss is welcomed by the market and commodity price is supported are the good news to sell.
Trade #001 mining and petrol sector rallying going long on 6 value stocks currently showing signs of strong momentum
Long:
$TRQ $SWC $FXC $F $CMRE
Vale @ R$3 ???VALE5's Fibbonachi looks horrible!!!! Projection at R$ 3 pretty soon. Who share this ???
