Kinross Gold (NYSE: $KGC) Wicks Thru 0.786 Fib Retracement ⭐Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada.
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Kinross Gold (NYSE: $KGC) May Return To ATH of $32 Per Share! 🥇Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada.
KGC, The Barometer For Easing Tensions?Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on February 10, 2022 with a closing price of 5.45.
If this instance is successful, that means the stock should decline to at least 5.39 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 8.029% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 12.591% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 21.953% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 10 trading bars; half occur within 20 trading bars, and one-quarter require at least 31 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
KGC - LongThis is simply a stupidly low price. Gold is at a stupidly low price right now. Inflation is at 6.8% as of today (using flawed official numbers) and the 10 year yield is under 2% meaning there is worse than a negative 4% real yield on US debt which is ridiculous. The idiots in the market right now are selling gold because the Feds are signaling tighter monetary policy but there is no way the Feds can raise rates anywhere close to what the inflation rate is, so negative real interest rates are here to stay. EVENTUALLY instituional investors are going to get sick of have a negative real yield on their money and will pour it into gold.
Right now, bitcoin has siphoned over a trillion dollars that would have otherwised gone towards gold, if Bitcoin takes a harsh dive, and it looks like it will, than the illusion of bitcoin being a safe haven will be shattered and the people whose eyes were opened to the charade of fiat money will turn towards gold. The stock market will be impacted by the feds raising rates, and risk off sentiment will be hit further solidifying a move towards the safe haven assets.
KGC just levered up by acquiring Great Bear Resources, which has sent the stock price plummeting over the last day as investors see it as overextending its balance sheet, however, once gold begins making it break out move - this aquisition is going to pay HUGELY as it is a leveraged payoff.
Price of gold and Gold miners are stupidly low right now.
KGC - Leading diagonal in progress?From the 2016 low, we have a series of abc sequences. Assuming that the low is in place, this could lead to a big leading diagonal, currently in wave 4 which is yet to unfold. We need to go more to the downside to complete the C of 4, at the end we can have a bullish slingshot to go up. If it goes through the orange zone with an increasing speed, that would be a bad sign which could lead to a new low. The entire sequence must break the 11.20 level to confirm that the bull market has already began.
KINROSS is near Book ValueAfter the gold price crash and a burn in Tasiast Mine: finance.yahoo.com
Kinross had a lot of bad news lately and pushed it down far lower than other gold miners. So it is now in a very cheap area near it's book value.
This could be a first entry ... I but an alert on the book value (around $5) waiting the next weeks, if we can catch some of the stocks cheaply
Technical analysis update: KGC (3rd May 2021)Bullish thesis is supported by crossover in Stochastics as it oscillates around low values. Furthermore, the RSI appears as it have already bottomed out and started its reversal to the upside. Fundamental factors in precious metals market are also in favor of gold minig stocks as price of gold is currently little below 1800 USD per ounce and continues to rise. Our medium term price target for Kinross Gold Corporation is 7.70 USD per share.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
$KGC - Could We See $13 By This Year?Gold bottomed on March 8th, 2021.
born2invest.com
Kinross Gold's financials have also improved at a staggering rate since 2018.
2018 Financials:
$3.05 Billion Revenue
($22.40 Million) Net Income
-0.73% Profit Margin
2020 Financials:
$4.44 Billion Revenue
$1.41 Billion Net Income
31.86% Profit Margin
When technicals and fundamentals line up, long-term plays that match these criteria end up being my best performers. GLTA, and make sure to do your own DD before investing.
Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange-traded funds, mutual funds, options, and money market funds involves risk of loss. Loss of principal is possible. Please exercise your own due diligence.
Kinross Gold break of channelKinross yesterday broke out of a long downward channel to the upside with good volume.
We will look to see a retest next week and should this hold and bounce we can expect Kinross to start a new upward trend.
We need to see Kinross push higher from here and not fall back within the channel for this new trend to begin - may be subject to the gold price so look to the price of gold for clues