Mining
Overvalued/Undervalued Ratio 4/20/2016Knowing when to get into contrarian assets is essential to trading in Keynesian markets.
Gold/Silver Ratio 4/20/2016The big direction of this ratio is obviously down, and there are only three ways this ratio can go down: 1. Silver going up and Gold going down; 2. Silver going up more than Gold going up; 3. Gold going down more than Silver going down. #3 is very unlikely and #2 is most likely. Personally, I'm long both metals.
Amadeo Ratio 4/19/2016Use it with benevolence and love. Use it to pursue peace and serenity. Keep in mind that Doing cannot do much without Non-doing.
SPY/XME/USO/GLD/SLV Ratio 4/18/2016 (Short-Term View)Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
SPY/XME/USO/GLD/SLV Ratio 4/18/2016 (All-Time View)Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
pennies to thousands silver mining candidatemoney flow rising -waiting for opening confirmation bar
get our book on amazon for entry and exit rules with stop loss parameters
j hook pattern
relative strength good
macd crossed
cci and percent r in upper ranges
good pattern
above weekly cloud
Rio Tinto share price is in consolidation phrase.Even though there is Rio Tinto's New Boss is welcomed by the market and commodity price is supported are the good news to sell.
Trade #001 mining and petrol sector rallying going long on 6 value stocks currently showing signs of strong momentum
Long:
$TRQ $SWC $FXC $F $CMRE
Vale @ R$3 ???VALE5's Fibbonachi looks horrible!!!! Projection at R$ 3 pretty soon. Who share this ???
Support Holding Strong After 2nd Retest of BreakoutGG just triple bottomed on the $17 support level. A tight stop just under $17 makes this a low-risk, high-reward scenario.
GLD -SPDR GOLD - MONTHLY DOWNTREND FAILED APRIL 2015For the big picture of gold, look at the monthly time frame. What is the story that the monthly chart is telling us? It is showing us that Gold has FAILED to make a new low after bottoming back in November at 109.67: December, January, February, March, April all failed to push new price lows and that is a sign that the sellers are not only extremely patient, but maybe they are running out of ammunition. Time tells us a lot about a market and time tells us MORE than volume.
What we need to see now is for GLD to lift over the "mode" which I have labeled here on the chart with the light yellow box. The mode is from 114.29-115.96. It won't take a genius to point out that gold will be bullish if it gets over 115.96, but I think I can state with some degree of confidence that it will likely go over that level for the simple reason that GLD didn't break under 109.67 since November.
Another point to make is the VOLUME RESISTANCE line up at 124.70 which was the upside target from back in January when GLD accumulated and set up for the rebound to 124+.
Keep a CLOSE eye on GLD here. The BIG KICKER will be whenever China announces their gold holdings and that could dramatically shift opinion on GLD since it is very rarely disclosed. The Chinese gold holdings are supposedly less than a 1% reserve against their paper reserves (bonds, notes, bills).
Giant double-bottom forming in VALE- Vale jumps today from level of previous low despite weak Chinese PMI data (on the heels of oil break out).
- Name heavily oversold on Chinese fears, plummeting iron ore prices, Brazil uncertainties, etc., selling might be overdone.
- Deeply undervalued even with depressed circumstances taken into account.
- High risk idea as many part of the equation of Vale is still very vulnerable, but promises reasonable profit potential.
- Double bottom is only confirmed when price breaks through neckline around 8.6-8.7. First stop might be there as well, possible break out then might bring it above 10.
Now that BearWhale (Draper?) has exited — are we est new supportThe accumulation is actually up, which hopefully means people are buying at this level, establishing a new support.
I'm not jazzed about a $330-350 support level, but it's better than not knowing where the floor is at.
Still, my miners are shut down, until it's cool enough to use them for heating, or BTC goes above $400 again.
Short AlcoaMetals & Mining have been underperforming the S&P since August as commodity markets sold off.
Alcoa has now entered a downtrend after reaching a double top at 2011 highs near 17 a share.
The Bearish divergence between price and MACD also suggests more downside in the new confirmed downtrend.
Initial target: 38.2% Fibo retracement at $14 a share
Harmony Gold Mining Daily (12.09.2014) Tech AnalysisThe Harmony Gold Mining (HMY) Daily Diagram Technical Analysis Training shows the following:
The (HMY) share reacted yesterday making a bullish engulfing that we expect a confirmation today. Yesterday, at the end, almost all Gold Mining Shares turn upside. RSI is oversold. MACD is bearish.
The share is under the KUMO, the Kijun Sen and Tenkan Sen too (bearish). In addition it is under EMA 200.
As you can see on the diagram HMY until today had found strong support at this level.
All are bearish but be cautious about the share and the XAUUSD for a reversal.
JNUG Setting up for a Move Up?JNUG has been in an ascending price channel since near the beginning of June. As of 7-23-14 12CST, it is nearing the bottom of that channel.
Currently indicators such as EIS, PSO, BB Impulse, MACD (see indicators underneath price chart) indicate downward price momentum. However, there are some indications that some of the indicators could reverse.
Should the Premier Stochastic Oscillator turn up accompanied with a bullish crossover in MACD then, given past history, we could see a move from the bottom of the price channel to the top (or slightly above) of it. This could represent something along the lines of a $10-$11 move on a stock that is well under $30 at present.
Gold Stocks Outperforming Gold -- Royalty Stocks Leading the WayThis chart shows the year to date performance of gold vs gold stocks. We see that gold stocks of all kinds have outperformed gold itself. GDX is an ETF of larger, more established miners; GDXJ is an ETF is an ETF of junior miners. RGLD, SAND, and FNV are royalty stocks, which are basically firms that invest in other mines in exchange for a share of their output.
Personally, I think these trends may continue -- though I still favor the accumulation of gold in the long run, as I think it is a safer, less speculative investment. More importantly, though, I think the outperformance year to date further supports the notion that the entire gold market has bottomed, and bulls are gearing up for the next leg up.
For more on investing in mining stocks, see free video course on InformedTrades: www.informedtrades.com
Long term analogy of the Bitcoin price and it's direction ..I similar to many people, feel we are close to a pinch point where the true value of bitcoin is shown to be going up or down.
This is my analysis of how we have got to today and where we're headed.. Short term down another leg but long term up.
