tangman

tangman Updated 

.

tangman

This one testing my patience since the last earnings report and investor conference.

tangman

NEM leading today, technically very nice breakout of channel. High volume sell day got reversed and couldn't test lower trendline. 4 green soldiers. Should spread to the rest of the sector eventually. No matter who wins election, deficits and debt blow out to ridiculous levels. Unfortunately I don't own this one but it's indicative of large money...

tangman

Nice job painting the pattern on this fundamentally great Gold royalty company. If we get some panic selling, I will leg into this aggressively and hold for the LT. This stock is trading at its 2012 levels and while Gold is flat relative to its 2012 peak, one has to consider the amount of growth, cash flow, and royalties this company has accumulated in 8 years.

tangman Updated 

Imagine being able to go back to pre-COVID time and buy a gold royalty company. Before you knew the US deficit and Fed balance sheet would go supernova. Well, this one (and SAND) are almost there. I added some more on today's dip. If they go down further I will just keep adding. Gold held up well today considering the weakness in SPY & QQQ. Maybe the...

tangman

It's just crazy how bullish on Gold every "smart person" that I read is. Many many smart macro analysts and fund managers are long-term bullish Gold. And yet here we are, technically oversold in a massive shakeout dip. What a gift. I think Gold downside is very limited here. This is a great entry for a long term bull market.

tangman

Excellent breakout volume for this essential chip maker that everyone is fighting to use. I was not as heavily positioned as I'd like due to volatility in the main indicies. But this (and EWT) have been relatively strong.

tangman

Fantastic swing low off the 50 dma. MACD all reset. GVZ down to 20 handle. I see intraday relative strength vs SPY. Hope this sector shakes off its correlation with DXY and SPY and starts moving on its own terms. SAND LGDTF KL EQX WPM WLBMF

tangman Updated 

I have markets at an inflection point here. I think significant bear risks remain. Volume was weak on today's bounce vs past days decline. Under 3377 SPX gets dicey and may accelerate below 3300. Over and bulls have a chance. I would prefer the bullish scenario (down dollar, boost Gold). But it can go down too (spur the Fed, eventually boost Gold). Just...

tangman

Descending wedge, daily MACD curling up. Watched Real Vision's interview with Marc Cohodes, and Camping World is one of three of his only long positions. Lays out a great fundamental case. Starter positions, would add heavily if we reach green square (long term position).

tangman

Nice basic example of support & resistance. It tested the prior high support level for 3 days and bounced. It is bouncing again at the 50ma.

tangman

Gold will resume its advance when rates begin falling again. Here you can see the strong correlation over time between Gold and TLT, because Treasury yields are held under the rate of inflation (which itself is heavily understated).

tangman

Strong move out of this wedge suggests that we are ready to go. The economy is a total disaster and the US debt and deficit suggest they will never stop printing (and suppressing bond yields). As rates go toward zero TLT should have some good upside from here. The equity market may top on this, or it may not (who knows).

tangman

After punishing chasers who bought the ATH breakout, could this be ready to continue its long term trend? I admit, I chased into the breakout. But I am small enough in size not care about a short term drawdown.

tangman

I'm long RUN, but this has the same setup. Backtest of ascending wedge breakout

tangman

Backtest of ascending wedge breakout.

tangman

This looks like a bull flag to me, with two bounces of the 50ma. I added on the dip (maybe 3-4 days too early) but glad to see it higher now. This a longer term holding for me.

tangman

Nice bounce off the 34 and 50 MA in this larger wedge pattern. Watch for a break to the upside in this LT bullish name that should do well as recession / stagflation crushes normal people.