Hochschild Mining -hoping it will break trhough and resistance bchallenged this area before and been turned back, may happen again but it will get through in time - on verra
Mining
KEFI - GO LONG. Bulk of mine finance package now arranged, small residual left, which has been recently reduced in size. Finalising this should trigger re-rating. Excellent economics when fully developed. Approaching break of 200MA, RSI climbing and MACD looking good. Triple bottom in place.
Potential Inverted Head and Shoulders Pattern in ETH/USDThe inverted H&S is pointed out pretty clearly. As of 12:30 EDT it is still forming what MAY be a right shoulder after a dip took place the last time it tagged ~298'ish. That is approximately where the neck line is.
Keep an eye on this. Despite having run up well over ascending resistance last night (24 hours ago), the chart has shown pretty decent resilience.
Holding SupportThe Hourly 100 SMA is holding support for the Bullish Marubozu candle formed on Friday. #standtuned
Gold Bucks Month-Long DowntrendNo position.
The daily chart shows a bullish break from the downtrend that began in early June at ~$1,300/oz.
Gold has strong support at ~$1,200/oz on the weekly chart - a level it has visited 3 times since breaking it as resistance in late January.
Look for a break of the channel between ~$1,200/oz and ~$1,300/oz for confirmation of a new trend.
Buy First Majestic Silver up to 8.20 USDIt´s been the right thing to wait with any recommendation in the mining sector. But now I feel the time is right. As explained I believe silver has a great potential over the next 8-12 months. The best way to play a multi-months rally in silver are some of the best but currently beaten down silver mining stocks.
First Majestic Silver without a doubt is one of the best companies in this sector. Focused on silver production in Mexico the company is run by mining legend Keith Neumeyer.
Although First Majestic has been consolidating sideways since October last year I think the stock is at a very interesting juncture.
We might be a bit early to the party but the risk/reward is just phenomenal! With a stop loss at 6.50 USD and a 1st profit target at 19.00 USD the idea has an initial 1:3 risk/reward-ratio. But First Majestic could easily take out 19.00 USD and we might scale in a couple more times once the stock has clear the downtrend line at 8.20 USD.
Buy Endeavour Silver Corp. up to 3.20 USDAnother silver stock that I really like and that I have already recommended in the past is Endeavour Silver Corp.. Although Endeavour had some issues in the last couple of months I continue to believe in Bradford Cook and his team. Endeavour was one of the best performing silver stocks in the first half 2016 and should offer massive leverage in a new silver bull market.
Technically the stock as corrected back to the 61.8%-retracement around 2.80 USD and is running into a bullish wedge. With a stop loss at 2.60 USD and a 1st profit target at 5.90 USD this idea has an initial risk/reward ratio of 1:7.
Buy Endeavour Silver Corp. up to 3.20 USD (NSYE: EXK)
Place a stop loss at 2.60 USD
First profit target 5.90 USD
Timeframe 6-12 months
Risk/Reward 1:7.7
$NAK is ready for a move on the upside.$NAK is ready for a move on the upside. It touched key levels of support and bounced back up after hitting the trend line.
Entry point: 1.48
Exit point: 1.97, if that key level of resistance is broken, hold until the next level of resistance is touched.
Stop loss: If the price goes below 1.23, a trend reversal will be confirmed. Below that point, sell your position.
Details to consider:
- This stock is prone to manipulation and massive dumping, be ready to close your position in case the situation turns bearish.
- It is wise to buy more shares once a breakout has been confirmed.
- Do not average down on your position if you are at a loss. Cut your losses short and have a clear stop loss exit point.
- The trend line has been consistent over the past months, so holding this stock for longer terms is possible.
- Have well defined entry and exit points if you are going to day trade this stock.
- It is a mining stock, meaning the exploration/drilling results will heavily influence future price action. Watch press releases very closely.
FXPO is struggling to overcome resistance at 170 GBpPrevious gap was successfully closed but at the same time, several poor lows were created on the way up. Sellers might have some unfinished business at 164 GBp level and could continue opening short positions aggressively till 156 GBp level. In case of even small panic, we can expect retest of 149 GBp and 137 GBp levels.
Coeur Mining - pleasant chartupward movement highly probable after a precious landing on the 61,8% retracement. 10 day mo-average went through the 50 day average and it is very likely that the 50 mo-av. will break the 200 mo-av. after a breakout through the triangle good prospects for 2017.
on balance I am expecting a (middle term) upward trend.
FXPO partly recovered from selling and aims to close gap at 170Selling in LSE:FXPO ended on Monday and since then, buyers started to pile on moderately. In case of continues recovery above 163 GBp, potentially we could see a gap closure at 170 GBp.
Newmont mining going upDescending volume of selling hands; this bullish pattern shows indecision. Will go up.
Buy the bull flag at AYM I can see a move into the 6-8p range here on the break of the bull flag. Be aware that this is a low free float stock and is listed on AIM and NEX.
RIC- Inverted H&SMaybe this will work on an inverted right shoulder to complete the inverted H&S pattern. Will need to get back over 7.00 after consolidation for breakout area.
A buy in mid April, but a hold or short until then.Looking at the current confluence on the chart, it looks to me like we won't come out of the current down move until mid April. This being said, I suspect that we could see a bounce from the bottom diagonal and thus I would be a buyer pre-April if we saw a drop to that diagonal (currently ~ 14p).
Sept 2, 2016 XAUUSD The Gold Market After Non-Farm NumbersLONG That's my opinion of the current XAUUSD market. I'm looking for increased action in the junior resource space next week after Labour Day.
Discovery in MexicoWeekly chart of Almadex this week after discovery in Mexico.
Almadex Discovers Gold-Rich Porphyry System at Norte Target, El Cobre Project, Mexico
Climbing Higher with SilverA short term downtrend has been broken and there are several indications to buy. Volume has been increasing, MACD is showing it is about to cross, Stoch RSI is showing that the stock is not trading at an overbought level, and it is trading just above the 20 Day Moving Average which has been acting as a line of support/value for the past few months. Also with the recent rally of silver, this stock will climb even higher with its large silver mining projects in Peru having an estimated 290 million ounces in reserves.
Newmont Mining ( NEM ) - weekly chart overbought.NEM is one of the darlings of gold mining stocks, it has seen a phenomenal run-up, but I expect a retracement soon. Tighten stops if you are long, new would-be buyers should wait for a better entry.
Comeback?SQM is claimed to be the efficient chemical mining leader in its group. Lithium demand and prices, as well as output along with the stock is expected to increase. SQM financial is weak relative to prior performance, but current levels are holding up and is expected to improve. Lithium competition: ALB, FMC, ASH, POL, TLH, LIT, GXY, LAC, ORE, CLQ, and WLC
