2864 replies to this topic

[K Wave]

Dr. Copper got its 1,2,3,4 hour simultaneous bounce over night....

 

MASSIVE pivot set now...a must hold for bulls going forward...

 

[K Wave]

Copper backtesting the 30 min now...so...IF...bulls were going to fail after a dead cat type bounce, this could be a likely spot....

 

Back above this pivot and full recovery more likely...

 

[linrom1]

NEM doesn't disappoint again on earnings: tanks after beating estimates again.

Edited by linrom1, 28 October 2021 - 08:35 AM.

[linrom1]

 

Unless one thinks that we're going to new lows, this is a buy in my opinion.

[linrom1]

 

Probably a buy but could go lower a bit? I bought.

[crossd]

NEM does disappoint..lower revenue..trading at 54.86 now..here is their cost structure..

 

On the costs applicable to sales outlook:

"Updated 2021 Costs applicable to sales (CAS) outlook are expected to be $790 per ounce and All-in sustaining costs (AISC) are expected to be $1,050 per ounce. The revised outlook includes the impact from lower production volumes and higher royalties and production taxes at higher gold prices."

 

donc

[linrom1]

 

Gold Bullish Sentiment Slightly Weakens 

The Hanke-Cofnas Gold Sentiment Score of 3.57 at 9AM EDT (1PM GMT) indicates that Bullish expectations on Gold remain strong as the high persistent inflation narrative is the key driver. The Morning Score has dipped below its 6 Hour Moving Average. Bearish Gold expectations may gain in strength as fear of slow growth is beginning to surface in our bag of Bullish and Bearish Dictionaries.

It's at 3.57 vs 3.97 yesterday

[crossd]

NEM

Newmont 3Q Profit, Sales Fall on Lower Gold Production

 

Newmont Goldcorp Q3 Sales $2.90B Miss $3.23B Estimate

 

Newmont Goldcorp Q3 EPS $0.60 Misses $0.75 Estimate

 

Newmont Expects FY Results to Include Continued Effects From Covid-19, Other Challenges -- Commodity Comment

 

donc

 

[CHAx]

With how weak the dollar is here, not a great sign that gold isn't getting legs.  EUR/XAU  new LOD, first warning sign.  Im flat for now.

[K Wave]

Holy Cow, that 169 level on GLD is a brick wall....

Edited by K Wave, 28 October 2021 - 09:38 AM.