Member
Posted 22 November 2020 - 11:49 PM
@dharma - reading the reports these companies are coming out with
the free cash flow is excellent. wpm paid down i think 240 million in debt
which is half the debt it had outstanding every company would like to do that
the fundamentals are there for a bull run
Member
Posted 23 November 2020 - 10:23 AM
i think that i had posted this
https://pbs.twimg.co...=png&name=small
a new era for mining companies
https://pbs.twimg.co...=jpg&name=small
anything is possible. i am still thinking that 1850 now double bottom is the low.
we shall see
dharma
There goes the support, late November signal in play, looks like 200 day moving average (not on the chart below) is the magnet. Captain's ship is off course. 
Silver looks about to break down out of it's wedge.
Edited by Russ, 23 November 2020 - 10:33 AM.
Member
Posted 23 November 2020 - 10:53 AM
yup 200 dma look like a magnet . looking at nem as a proxy for this sector one to follow
Member
Posted 23 November 2020 - 12:32 PM
XAU has broken support, could it go and close the gap from June?
Member
Posted 23 November 2020 - 12:37 PM
XAU has broken support, could it go and close the gap from June?
Thinking XAU heading to 115 area. Time put together shopping list...
Edited by JGUITARSLIM, 23 November 2020 - 12:39 PM.
Member
Posted 23 November 2020 - 12:38 PM
some interesting divergences here. enough?
Member
Posted 23 November 2020 - 01:28 PM
well there goes the double bottom. 1833 and 1813 is the death zone for this decline 1793 begins this price cycle. i see divergences on the hourly charts. . will that be enough to stop the decline. ? or do we need daily divergences
seems every monday a new pharmaceutical company comes out w//vaccine results which are impressive, and gold gets hit. today was no different . unless the vaccine can also take care of that growing mountain of debt, then it too will prove to be a momentary pause. . 2 different markets physical market remains strong. as there are quite a few contracts still open for december delivery. then there is the paper market1
also options and futures expiration coming up , none of the spec longs are allowed to make money
dharma
oh and the dollar pushing its september lows.
Edited by dharma, 23 November 2020 - 01:28 PM.
Member
Posted 23 November 2020 - 02:34 PM
XAU has broken support, could it go and close the gap from June?
Thinking XAU heading to 115 area. Time put together shopping list...
What looks good to you? I just like the leveraged gold stock etf's, less work than managing your own mutual fund.
Member
Posted 23 November 2020 - 03:50 PM
XAU has broken support, could it go and close the gap from June?
Thinking XAU heading to 115 area. Time put together shopping list...
What looks good to you? I just like the leveraged gold stock etf's, less work than managing your own mutual fund.
russ this is my 3rd bull market in gold and i have found i can outperform the indexes handily by doing alot of research on the miners. it takes time and work. i dont give those out here , though i used to mention a couple. i do think silver is set to way outperform . its industial uses have soared in importance. and platinum prices being so low for so long. have created supply sh(ortages. so i am heavily loaded towards those 2 metals. (that includes all the pgms)
dharma
i do think frank holmes did a better job w/goau then gdx/gdxj. it performs better minder hetting a lift here
Edited by dharma, 23 November 2020 - 03:51 PM.
Member
Posted 23 November 2020 - 06:18 PM
XAU has broken support, could it go and close the gap from June?
Thinking XAU heading to 115 area. Time put together shopping list...
What looks good to you? I just like the leveraged gold stock etf's, less work than managing your own mutual fund.
russ this is my 3rd bull market in gold and i have found i can outperform the indexes handily by doing alot of research on the miners. it takes time and work. i dont give those out here , though i used to mention a couple. i do think silver is set to way outperform . its industial uses have soared in importance. and platinum prices being so low for so long. have created supply sh(ortages. so i am heavily loaded towards those 2 metals. (that includes all the pgms)
dharma
i do think frank holmes did a better job w/goau then gdx/gdxj. it performs better minder hetting a lift here
Dharma, nugt went up about 500% and jnug went up about 600% vs. about 300% for goau off the march low, but the those two are 2X leveraged etf's. Looking at the Gold chart again, I can make the argument that the low should be on friday but with gold stopping right on the down trendline today, the low may have happened a few days early (normally the signal should be within 1 day +/- so this would be 4 days off, must stay flexible, some divergence has happened today too. https://stockcharts....id=p33978971215
Edited by Russ, 23 November 2020 - 06:19 PM.
