1426 replies to this topic

[senorBS]

FNV is now trading at same price it was on 4/8/20 when gold was trading at 1680. That's an area often mentioned as support for gold. So there is some logic in this madness.

yeah NEM had IMO good earnings, now nearing a 4% yield and has been making lower lows vs Nov lows. NEM also has sizeable silver production from the Goldcorp acquisition and produces other metals as well. But "at this time" it its considered a gold miner so it only gets sold, gotta own Chitcoin, gonna be interesting how much longer all this lasts? Still higher weighted in silver miners but have been buying/adding NEM, as always DYODD

 

Barrick daily RSI below that seen at March lows last year - how extreme does it get?

 

and Copper tops $4 and registers new NINR YEAR high - and da beat goes on...

 

Senor

Edited by senorBS, 19 February 2021 - 02:32 PM.

[senorBS]

Given how low gold miners prices have gone with some larger companies flush with cash/cash flow (NEM/AEM/KL etc) and little to no debt, gotta believe stocks some beaten up small/medium miners are looking very attractive at these price levels, we see

 

Senor

[K Wave]

Weekend update...perhaps getting very close on GDX?

 

Once the green 200 is reclaimed by bulls on this 4 hour chart, it should signify that Launch Mode is fully engaged after a thorough back test of the breakout level...

In any event, now switching to watching very short term time frames for re-entry at as close to the pivot point as possible. As of Friday, not even 1 min chart was in bull mode just yet, but that could change as soon as Monday....

 

 

 

[K Wave]

Gold spending a lot of time down here with washed out sentiment...tick...tock

 

 

[K Wave]

 

 

been so busy just noticed TYX at a major new rally high at 2.125%! When does the chatter increase about "fixing" long term rates? fairly soon IMO, they simply cannot let this get away from them - Hotel CA playin in the background

 

Senor

 

The whole commodity complex is just roaring.  Gold and silver quietly building up steam like a pressure cooker.

 

If yields go too high, bad news for stocks.

 

Two things, gold/miners can and have easily rallied with rates rising, and I agree about "pressure cooker" re silver and even gold "soon" IMO

 

Senor

 

Jeezus YES!

 

Just take a look at the 10 year yield from the mid-60s into 1980, and then look at a Silver chart side by side.

Notice anything?

 

And yes, the pressure is building...the release will likely be spectacular over the coming years, culminating in a nice GameStop/Bitcoin type of move straight up....

 

1.5% is the "Floor Recapture" level on 10 year yield....currently 1.35

Once Floor Recapture happens, it will very likely signify THE END of the 40 year decline in rates....

[gannman]

looking at the wave counts here we might bottom this week or the week after

 

whatever i dont think we see a lot of damage from here icbw.  yes it should be 

 

quite a launch when it gets there 

[JGUITARSLIM]

Interesting chart...

https://d2zqtc0qhlr1.../2021/02/SP.jpg

[dougie]

Interesting chart...

https://d2zqtc0qhlr1.../2021/02/SP.jpg

a reversion to the mean would suit this hombre just fine

[dougie]

50 $ move up in gold then down we go?

1700 seems easily within reach. bearsihness at that point should be thick

[dougie]

copper and interest rates are highly correlated no?