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More upside for Rio Tinto pre-earnings?Recognia is flashing am Elliott Wave 3 extension for Rio Tinto, with a price target of $73.86. I'm skeptical that we'll get that high, because it's outside the current trend channel, which I expect to break after RIO reports earnings on August 1. However, I do think it's likely that there's upside ahead as we approach the half-year earnings date. RIO has a low P/E for the industry and a high rating from all the analysts. In addition to the upcoming earnings date, RIO goes ex-dividend August 8. With a 6.33% dividend, the approaching dividend is a significant upside catalyst for the stock. However, there's risk of a trend channel breach on June 16, when RIO publishes its quarterly operations review. Last year, RIO broke downward out of its trend channel on June 15, for reasons I don't fully understand.
NYSE:RIOLong
by ChristopherCarrollSmith
CG1! $GOLD - Monthly LookWhile the action in Gold (physical metal as well as mining equities) has scared-out; worn-out and frustrated many over the past six years consolidation as evidenced in the Monthly chart above, nothing much has changed from a longer-term perspective as the yellow metal has put in three higher lows over the course of that time period and continues to set its sights on the all important $1375 - $1400 zone. While further work remains in order to clear the 1375-1400 hurdle, we believe that when such development does indeed occur, will likely set the stage for a powerful Phase III advance of its secular bull market that began in early 2000's. In the meantime, both investors/traders may want to focus their attention on the bigger picture; i.e. longer-term view as both the short and intermediate-term blips and dips serve only as noise. With Gold having just experienced a sharp rapid rise, we would not be the least bit surprised if some digestion/consolidation were to take place in order to build further energy/cause before its next attempt at the all important 1375-1400 area. Thus, for those whom remain engaged within the Gold and precious metals equities space, both patience and discipline are required and will likely serve you well in the offing.
COMEX:GC1!
by InsiderFinancial
2
EMX ROYALY CORPORATION - NYSE: $EMX One To WatchTECHNICAL For the past year, EMX Royalty Corporation NYSE: EMX has traded in a range between $1 - $1.50 despite all the gyrations throughout the resource and precious metals mining sector. While many Jr. mining stocks have had a tough go of it for the most part with the exception of the very strongest names within the group, EMX has held-up and continues to display solid technical characteristics. When observing the Daily chart above, we can see that EMX continues to trade above its 20/50 and 200 DMA's, suggesting a favorable technical posture. In addition, when extending out to the Weekly and Monthly time-frames, EMX also portrays a picture of strength. Thus, we have favorable technical characteristics across multiple time-frame durations. Therefore, both investors/traders may want to put the shares of EMX front-and-center on their radars for further monitoring moving forward as we suspect that when the next major advance ensues within the precious metals space EMX is positioned and poised to shine.
AMEX:EMX
by InsiderFinancial
XYO up 63% on 5 dayXyo is looking good making a leap up over 50% today (6/6/19) resting on top of a prior support breaking through the resistance that knocked it back down from breaking through back on March 19. XYO is a cryptocurrency mined via the Coin App. It is given as a reward for sharing your geo-location information with the system. Its really cool and easy to get, Its worth some research. But don't take my advice discern all things on your own, with your own free will. have a great day! Peace
X
by DSkyFi
1
$XALL To Close 2 More Acquisitions in the next two Months$XALL is on a tear and rightfully so. The company will be expanding its services to the crypto community. finance.yahoo.com $XALL Also is the 100% owner of the following subsidiaries: The following corporations are all 100% owned by Xalles Holdings Inc. Xalles Capital Inc. Xalles Technology Inc. Xalles Limited ArrowVista Corporation Amazing Living Enterprises Inc. Global Savings Network Inc. And will also be closing the following Acquisitions soon: Closing Month Acquisition April 2018 BlockForge Inc. (100%) May 2018 Co-Owners Rewards Inc. (100%) June 2018 Assets of “USA Savings Club” (100%) The company is on the cusp of being one of the biggest Crypto stock movers of 2019 and has begun its ascent upwards. Price target based on past price levels is $1.00
OTC:XALLLong
by StockGuild
1
Bitcoin Halving Reward and Price History Analysis: Part IIIBitcoin Halving Reward and Price History Analysis: Bitcoin Price Target $309,269 by Aug 2021 Interpretation: 1) The orange vertical lines are 1 year before the bitcoin halving. The next 1 year before the halving is May 2019. The bitcoin market usually starts a bull market 1 year before the halving. 2) The blue vertical lines are the bitcoin halving dates. The next halving date is May 2020. The previous halving dates were Nov 2012 and July 2016. 3) The green vertical lines are a time projection of when we should return to all time new highs based on the last bitcoin halving cycle. 4) The red vertical line prior to 2019 represent all time highs for a given halving cycle. 5) The red vertical line after 2019 is a price projection of the next new high based on the 2020 halving cycle. The high of the 2020 cycle should come on August of 2021. 6) The red horizontal line is a price prediction of the next new high of the 2020 halving cycle. The bitcoin price high prediction on Aug 2021 is $309,269 7) The white trend lines trace the projected price movement produced by the halving cycle. 9) The purple box lines trace the bitcoin bear market cycle from the high to the low and back to the old high. 10) The purple curved lines represent conservative price trajectories during the bull runs. 11) The yellow horizontal lines provide the estimates of the times between important halving cycle events. Bars represents months and D represents days. Special Update Notes From Previous Analyses *) I switched the blue and green vertical lines from earlier halving analyses. **) The November 2013 vertical lines looks orange because the the yellow vertical line and red vertical line came at the same time: one year after the halving was the price high of that halving cycle. Important Points: 1) The bitcoin halving cycle doubles the cost of production: the same energy and computational power produces only half the number of bitcoins . Read "A Cost of Production Model for Bitcoin" by Adam Hayes for a primer on the importance of the halving cycle for understanding the value of bitcoin .(Ref 1) 2) The bitcoin price drop in the first bitcoin cycle was 86%. If we have a similar decline this halving cycle, then bitcoin can drop to $2606.62 before May 2019 and the next 2020 halving cycle. 3) I believe that the bull run starts one year before the halving because miners stop deploying new computational capital/power in anticipation of the doubling of future production costs. 4) Bitcoin price accelerates up into the halving, and one year after, as market participants engage in price discovery under a new cost of production regime. The market over shoots and we crash in the 3rd year of the cycle. Specifically, we run in 2011,2012, 2013 and crash in 2014. Similarly, we run in 2015, 2016, 2017, and crash in 2018. Therefore, I propose that we run in 2019, 2020, 2021, and crash in 2022. This analysis may also partially explain the crash of 2010. 5) Finally, these halving dates reflect perfect symbolic singularities. Symbolic singularities are discursive/argumentation phenomena where market participants have foreknowledge of market moving events e.g., presidential elections, Olympic events, earnings reports, etc.. Certain classes of symbolic singularities have a bullish bias, such as when limited cognitive/market attention is distributed over under attended assets e.g., a) the HGP or Human Genome Project’s (Ref 2) claim that it would map the human genome before 2000 led to the genomic/biotech bubble of the late 1990s. b) the Chinese Olympics of 2008 as a showcase of China's arrival on the global economic stage and the ensuing 2006/2007 Chinese bubble. Further Bitcoin Mining Analysis: 1) The difficulty (Ref 3) of mining a bitcoin block is adjusted by the bitcoin code every 2016 blocks. This averages out to adjustment every two weeks. The mining difficulty normally follows the hash rate very closely.(Ref 4) When the hash rate declines the difficulty declines. When the hash rate rises the difficulty increases. When the average cost of mining falls below the cost of production,(Ref 5) marginal or high cost miners begin to take mining rigs offline. This causes the hash rate to fall and thus a fall in the difficulty of mining a block. Those mining rigs that remain and continue to mine usually have a competitive advantage and experience an increase in profitability as competing mining rigs leave the mining process. This process also works in reverse as price rises. Interestingly, where mining at a loss causes price suppression in most commodity markets, rational miners will continue to mine bitcoin at a loss to accelerate the time to the next difficulty adjustment and thus drop the cost of mining. This creates a theoretic game of “chicken” where every miner hopes that every other miner will take their mining rigs offline first. 2) Bitcoin price fluctuates far more than bitcoin mining costs (e.g., rent, wages, computer equipment, energy, etc.,). This creates a reflexive or self-reinforcing positive price dynamic where increases in price leads to further increases in price during booms and declines in price lead to further declines in price during crashes. The largest and most constant factor shaping bitcoin price is the sale of bitcoin by miners to meet the cost of production. In the current Bitcoin Halving Cycle, 12.5 bitcoins are produced every ten minutes, 1800 per day, 54,000 per month.(Ref 6) Within a boom or rising price environment, miners need to sell less bitcoin every month to meet their costs. Every month the supply of bitcoin available for sale decreases and this leads to future price increases. In contrast, within a crash or falling price environment, miners need to sell more bitcoin every month to meet their costs. Every month the supply of bitcoin available for sale increases and this leads to future price decreases. Once this price dynamic begins from the bottom of a crash or the top of a boom, it accelerates until the reflexive price dynamic switches back to the previous reflexive price dynamic. 3) What causes the switch in this reflexive price dynamic at the bottom or top of the Bitcoin Price Halving Cycle? I am researching this important question right now. My preliminary thoughts suggest at least two critical factors that require further analysis. a) The first factor is fundamental - the critical mass of marginal miners entering or leaving the bitcoin mining process long enough to allow for the difficulty rate to encourage or discourage new entrants into the mining space. Once the rise in bitcoin price is greater than the price miners need to sell bitcoin to meet their costs, demand will begin to outstrip supply and higher prices will lead to higher prices. Conversely, once the decline in bitcoin price is less than price miners need to sell bitcoin to meet their costs, demand will begin to fall behind supply and lower prices will lead to lower prices. Knowing the average production costs of marginal miners as well as the bitcoin reserves of weak and strong participants in the mining community should shed light on the probability of critical mass miner capitulation and/or entry. b) The second factor is rhetorical/psychological - miners’ foreknowledge of the bitcoin halving cycle itself. Specifically, miners know from the bitcoin code an approximate date where the costs of producing a bitcoin is going to double. This knowledge is a symbolic singularity or rhetorical/psychological trigger for miners that shapes miners estimates of their ability to play and win the “game of chicken” with other miners. Miners at the margin surmise that they are not going to survive the current bitcoin halving cycle and those more established and efficient players surmise they will survive the cycle. This knowledge/belief shapes miners’ decision to remain in the game or capitulate. Historically, the time frame of one year before the halving has resulted in the bottoming of the market and the beginning of a new rising price dynamic. In addition, anticipation of this rising price dynamic may also encourage miners with bitcoin reserves to decrease their selling of bitcoin thus increasing the rise in bitcoin price. References 1 www.economicpolicyresearch.org 2 en.wikipedia.org 3 en.bitcoin.it 4 www.theblockcrypto.com 5 coinshares.co.uk 6 www.quora.com
BITSTAMP:BTCUSD
by septimius
6
BTCUSD | Manufacturing PMI Drops and is Short of ForecastsManufacturing sentiment data for April has fallen lower to 52.8 which is toward contraction territory (below 50), failing to meet industry forecasts of around 54.7. Currently forecasts for May are hovering around 53.6, but this would only be a bounce within the overall downtrend and actual data may be lower. What does this mean? BTC prices are likely to sink lower as BTC manufacturers (miners) continue to express negative sentiment which may translate into negative prices. Also see this idea:
BNC:BLXShort
by Trader6127
Bitcoin Bottoming from Mining Revenue PerspectiveToday I want to focus on 2 fundamental metrics that aim to call Cycle Tops and Cycle Bottoms in Bitcoin: Daily Mining Income (USD) Puell Multiple Calling Bottoms Through the analysis of the USD equivalent Bitcoin Mining Revenue, we can forecast future bottoming areas. When Bitcoin topped in 2013 at $1163, it set the bar for the mining income level around $5.1M a day. And it's meant to be expected that the next BTC cycle 2017-2019 should bottom around a price range that generates this kind of daily mining revenue. This rule has been fulfilled during all the cycles since 2011 with no exception. Well, we know that a bottom between $2500-$3000 would fulfill that condition. Does it mean that BTC cannot move beyond that? Not at all, but certainly it hints that a move below might happen quickly because we would be trading at zones below value. Looking at the Puell Multiple, one might think that the bottoming already happened. Certainly, we're missing significant volume, a significant bounce and the institutional blueprint. But looking at the facts, this indicator has a 100% track record at calling cycle bottoms. Is this time different? Calling Tops The Puell Multiple also works as a proxy for calling Bitcoin Cycle Tops. The metric is pretty simple: Looking forward we'll know that we are about to top, once we exceed 5x-10x the average mining revenue from the last 365 days.
BNC:BLX
by gliderfund
13
Gap to close on ANGJSE:ANG has formed a bearish harami which is a strong reversal signal. This could signify a change of direction to a downward move. There is also a gap to close that formed on the 20th of Feb. Gaps tend to act as magnets for the price and like to be closed. I have entered a short position and will look to close either once the gap has been closed or further down at 18000. The 18000 level is quite a significant support level, so I wouldn't be surprised if it went down to that level.
JSE:ANGShort
by RossLarter
URA: Incredible Weekly Set UpGood morning. With the cryptocurrency and weed markets still in consolidation, I've been sitting on cash waiting for a good long term set up. Uranium is probably the most hated market of all right now. It's seen nothing but downside for the past 11 years, but is beginning to show hope with this setup. While AMEX:URA isn't a perfect tracker of the Uranium futures market, it is one of the better ways to capitalize on the commodity as Uranium sets up bullish on the weekly chart as well. Oversold RSI What I've noticed is that a low was established in 2016 along with an oversold condition in the RSI and has been respected when recently tested on a false break out to the downside. This creates a good case for a long term bottom in the market and potential for the start of a Uranium bull market. Descending Triangle Price has been squeezing down since Feb of 2017. That's 2 years of coiling price waiting for a breakout. What we saw in December was a bearish breakout to the downside rejected when faced with it's all time low. This is a good sign. Price has now reversed and broken to the upside of the triangle pattern. This is also a good sign. Increased Volume Along with a bottoming formation, an Oversold RSI, and a Descending Triangle Breakout, volume has increased dramatically for AMEX:URA . This is a sign that there may be some interest entering the Uranium market after a long 11 years. Challenges While these are bullish signs for AMEX:URA , there are still some risks that Uranium could linger at the bottom for a number of years: Lack of Interest in Uranium 100 and 200 Weekly MA Resistance It is possible this breakout is shut down by the 100 and 200 MA, and we linger at the bottom for a number of years. Even so, this is a great time for me to accumulate for the longer term. Thanks for stopping by! Find Me on the Internet AssetGuild.com Twitter Instagram YouTube StockTwits Room Discord Telegram @micahmiller Nothing in this post shall be taken as person financial advice. This is personal opinion and educational content only.
AMEX:URALong
by micahjmiller
BITCOIN ? OR MORE ? CRYPTO FARM ASSETSHIVE crypto farm miners in Sweden, Iceland etc. Blockchain infrastructure company. Cost-effective power energy politically stable jurisdictions (Iceland & Sweden) with access to low cost green/renewable energy. Mining and sale of digital currencies. Perfect asset exposure to crypto market. HUGE upside potential. Hopefully it will work out. Recently we have seen some nice buying volume. Price broke above downward trend line RSI weekly oversold + divergence. Possible crash is absolutely a possibility buy its worth to try. GOOD LUCK
TSXV:HIVELong
by TG_Advisory
ASX:NCM Newcrest Mining (GOLD) Bullish Outlook This company has a high Price to Earnings ratio (33.72) relative to the sector (15.18). However, this can be explained as the stock is very strong fundamentally. Newcrest has a very low debt to equity ratio (26.7%) for the size of the company (17.498bn). We can compare this to ASX:ASL Ausdrill, another gold company that closely tracks the global spot price of gold as both companies have a over 80% of revenue attributed to gold. Ausdrill has a debt to equity ratio of 61.7% and only a market capitalisation of 0.9bn, yet trades at a Price to Earnings ratio of 27.72. If we were to value Newcrest based against these statistics alone, the Price to Earnings of Newcrest should be 37.42 which is 10.97% higher than the current ratio. This would allow the price to break up above the trend and continue on an upward trajectory. This discovery is significant because Newcrest can comfortably retain more debt which can bring benefits such as acquisitions or new project ventures that add value to the company, or an increase in shareholder dividends that adds value to the shareholders and as a result, an increase in share price. The dividend yield of Newcrest (0.7%) is relatively low for the size of the company, especially when comparing the figure to Ausdrill (1.6%). The dividend stability of Newcrest is negligibly higher compared to the difference in return value between the two. This is just a brief observation and should not be considered trading advice. I also have a bullish outlook on the global spot price of Gold which can be viewed in my related ideas below.
NLong
by GrantPeace
2
Waiting For The Pull Back To Get LongKumba Iron Ore is a South African iron ore mining company and a subsidiary of Anglo American. The company is the largest iron ore producer in Africa and the fourth largest in the world. Kumba is a mining group of companies focusing on the exploration, extraction, beneficiation, marketing and sale and shipping of iron ore. Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape province. Technicals I am expecting a pull back to form a larger corrective structure as indicated in blue. Once wave 3 breaks the low of wave 1, I will be looking for reversal signs in order to trade the long.
JSE:KIOLong
by Linton_White
Bitcoin 82% drop and at-least 45% more to go!!SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Bitcoin is crashing and continues on doing the same !! BITFINEX:BTCUSD is down by more than 82% this year!!. We are looking for another significant drop to the @2000 level, thats another 45% wow! From my experience stay on the sidelines or short sell!! Follow your Trading plan, remained disciplined and keep learning !! Please Follow, Like,Comment & Follow Thank you for your support :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only! Update idea
BITFINEX:BTCUSDShort
by SMPTrader
2
$ACRL Sites Located Next to Mine that Produces $516 Mil in Gold$ACRL’s land is the ‘Allsopp-Hutson’ star that’s highlighted which they also list in their 10-K: Proof of their Allsopp ownership in their 10-k, Page 11: “Allsopp Properties: Mineral Rights acquired in the Kirkland Lake Gold’s Macassa mine Complex Ontario Canada. Consists of 1,680 acres.” They also have thousands of other acres and rights to diamond, graphite and cooper listed properties on Page: 11: www.otcmarkets.com “The 231 foot headframe and shaft sinking infrastructure is now in place at the Macassa Mine. It is all part of a $350 million expansion program which will extend the life of the gold mine for another 15 to 20 years. Eventually the shaft will be to a depth of 7,000 feet( nearly a mile and a half deep). The gold values increase the deeper you go. When completed it is expected to help Macasssa reach production of 400,000 ounces of gold per year. Why this is of interest to Atacama Resources International is that our three gold properties are all just west of the Macassa Mine and along the same geological fault line. “ Major goodies filed in the latest 8K on the 14th of January read for your enjoyment: archive.fast-edgar.com Also of note: The fault intersection analysis being conducted by our geologist team for Atacama 1, 2 and 3, coupled with these historical data will provide the basis for a cost reduced and efficient plan to achieve proven reserves for the company’s gold claims in Kirkland Lake, Ontario. No R/S, No Dilution, No Toxic Notes. Now if all that wasn't enough $ACRL also has these other subsidiaries too: Good2Drive: good2drive.com Fit4Duty fit4dutynow.net
OTC:ACRLLong
by StockGuild