KL
KL and the 20 50 ma crossingsKL respects the 50 crossing 20 ma. Bot directions. What i mean by that is if it crosses north , You most always have a Short term bull run, and like wise headed south followed buy a bear trend. Using the cross for where to gage my stop. Usually 2 ATR above.
GDX - Senior gold miners, golden crossGDX is an etf of senior gold miners. The golden cross (50 ma crossing above 200 ma) has occurred and has formed a flag on daily. The next fomc is not until june 15th, so we may chop here or pull back, depending on economic data.
Close above 200 MA, possible golden crossKL - One of the top five gold miners in the world. Closed above the 200 MA few days ago and has formed a bullish flag. Also, possible golden cross soon (50 ma crosses above 200 ma). I like KL, NEM, GOLD as money flows out from crypto and back into inflation hedges. Cheers
Lots of confluence here. It's time for a retrace...We have reached the target of the fib .382 from the 2016 bottom
We have also reached the .618 of the fib from the march bottom
KL Buy - Very strong support on KL, same as XAUUSD
- Bullish RSI and MACD
- Low-risk great reward with present conditions of the markets
LONG KLExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Costco’s Kirkland Looks BullishGolden fractal says it all
It is at a couple nice trend lines and the 200dma though 🤣
Long setup on KL targeting wave (5) Upside Looking to place some longs on KL as this stock is setting up for a wave (v) increase into the 70-71 range.
LONG KLExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
GOLD & SILVER STOCKS ARE OVER BOUGHT! HYPE IS DRIVING THEM UPFolks, we hate to burst the bubble but...
Has anyone looked at the charts of the GOLD and SILVER stocks?
RSI, MACD and Stochastic indicators are so over bought, it is alarming and sounds the DEATH KNELL for both sectors. Anyone telling you differently has no idea what they're talking about.
To top this argument off, the big companies like GOLD and NEM are making nothing, no big profits, to run to the bank with.
Both companies recently purchased other gold producers and as of late, neither company can turn a nice profit. Look at the earnings reports...It's the truth!
In fact, GOLD barely hit estimates and revenue was down missing estimates. WHY..? ASK YOURSELF WHY? THE NUMBERS DON'T LIE!
Why are all these GOLD & SILVER companies in Canada? We've never done well with Canadian stocks because at the end of the day, most if not all turn out to be a huge scam.
Both GOLD and NEM have had plenty of time to sell gold at these record prices but yet both companies are unprofitable or making a few cents. Why is this?
We cashed out of all our GOLD & SILVER stocks today and we will not look back. Even if GOLD hits maybe 1600 to 1800, and SILVER hits $20 to $25, none of the stocks we follow are making money and from what we can see, they will continue to lose large amounts of money into the future.
Take your profits in the stocks and move into the Indexes, ProShares, SPDR's and ETF's to play it safe. Here's are several for you to research: GDXJ, JNUG, UGLD, GLD, GDXJ, UGL, GDX, DGP, BAR, GLDM, IAU, SLV
Every piece of GOLD & SILVER these companies find & produce is sold forward which means, they missed out on the record high prices as of today.
Also, where are the nice 2%, 3%, 4% and 5% dividends from all these companies if they're doing so well? Wall Street wants you to believe that because GOLD & SILVER are at record highs, GOLD & SILVER stocks should follow.
This argument is one big FRAUD AND A HUGE SCAM!
TAKE YOUR PROFITS AND DON'T LOOK BACK...WE DID TODAY...NEVER ARGUE WITH A PROFIT!!
BEST OF LUCK TO EVERYONE WITH YOUR TRADES!
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KL - Champion miner is distributing Quick idea about best performer in Gold mining sector. I looks like it is building Wyckoff distribution pattern. It is too early to be 100% sure BUT be cautious and take profit or hedge. Short scapling also very good here. I also just published supporting Gold idea.
Good luck!
Watching KL Gold for dip buyThis stock pulled back after a nice ER surprise. It has been on a nice run outperforming the SPX by a good margin even before the ER. Looking at a swing trade as it heads towards top of channel in a few weeks. Taking partial profits in $36 range.
Edit: I see it is hard to see the price levels when the SPX compare is turned on. Key support levels drawn are: green 36.17 and orange 33.33. These are the ranges near where it traded before/after ER.
BULLISH GOING INTO 2019 - INCREASED DIVIDEND - WORLD'S LARGEST!ABX looks really good at current levels especially with the market corruption taking place.
Right now, Daily and Weekly Charts look good.
Although we are not happy with the stock price action of late, we still think 2019 will be a record year for ABX.
The Randgold merger was approved and announced today. After the positive news on the merger, ABX then released the news of a bigger dividend.
We think the stock "COULD" come back down to between the $12.00 - $13.00 range before the next run up.
POSITION: 250,000 SHARES
Average Price: $13.11
Short KL (The so-called best miner)Wait for potential right shoulder to complete. The neckline is shown in chart. Once that breaks, TP @ ~12
Long GDXJ (Alternative view from previous analysis)One week passed, GDXJ starting to form a bottoming signal (rising volume and bottom wick). With the equity market (SPY) so weak, gold may have the chance to breakout.
If GDXJ breaks above the triangle trend line, that will be a false breakdown. That we should expect a huge rally ~20-30% from current level.
The only risk is yield is about to explode, so if gold is negatively correlated to yield, this is unlikely to happen.
Trade plan: wait til the break above trendline to initiate long position. Otherwise, I am still short biased.
