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my thoughts here an analysis of nem


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#1 gannman

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Posted 04 February 2018 - 12:38 PM

i want to do an analysis of nem as it shows things quite well

 

from jan 2106 to aug 2016 we had a rally from about 16 to 46 which i am calling wave 1

 

we then pulled back in an A wave untilmid dec 2016 and we gave back 50 % 

 

we then did a B wave from dec 2016 until early sep 2017 notice also 

 

that the time from the top of 1 in aug 2016 to the top of the B wave in 2017 is about 13 months

 

we then did a C wave from sep into dec 12 which lasted about 90 days a little more

 

the C wave sure looks like 5 waves down to me.

 

so my take is we started wave 3 up on dec 12 2017

 

i choose this stock because its pretty clear and it has been one of the stronger stocks

 

i do believe the whole sector is following this pattern fwiw but it is pretty clear in nem 

 

this is all fwiw so i am calling this pullback a wave ii within a larger wave 3 

 

my target for gdxj of 72 has NOT changed and wont change unless we take out the dec 12 lows 


feeling mellow with the yellow metal


#2 gannman

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Posted 08 February 2018 - 02:14 AM

http://www.royalgold...ts/default.aspx

 

royal gold earnings release


feeling mellow with the yellow metal