The gold market appears to have found its bottom and rallied back above 1800USD.
This correction is over IMO. The senior producers have sold off and the juniors are quiet again. Its time to add to positions or establish longs in advance of widespread commodity re-pricing to higher levels. Gold will not be left behind this time.
Austral gold is still hanging in...
TSXV:AGLD
ASX:AGD
Company's fundamentals have improved see latest quarterly report. over 8000 ounces inventory and gold is moving up. Management is using cash flow to drill and buy strategic properties near existing assets. looks like a long term cup and ahndle to me. handle well above the neckline, bullish IMO. RSI has shed below oversold from are cent high...
Checkout my other post for some fundamentals, looking at the long-term chart view of AGLD we can see that a possible bottom has been carved out and is forming a bullish inverse Head and Shoulders pattern. As gold continues to rise, the un-hedged production at Austral will continue to generate cash to fund drilling and acquisitions without dilution. A dropping...
Looking 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...
Looks like DOGE/BTC has double-bottomed and setup a higher low. A break of the descending wedge pattern above 30 sats is the trigger here. I set my fib retracement to the mid point of the spike to account for the volatility. Don't get too cute on the price for a long entry this one moves fast.
GLTA
Monthly Log Chart. Bitcoin is incredibly oversold. This might just smash through that lower trendline before backtesting support. I'm long as a miner and picked up a lot of GPUs under the $4k levels. Looking to add to holdings around the $5600 level, will take profits off this rally if it breaks below $5k. Looks like if this plays out like the last two bubbles we...
