December should be a good time to start accumulating positions in your favorite gold stocks
Jordan Roy-Byrne follows up on Doc’s comments for the precious metals. By looking at similar charts but using different technical factors Jordan outlines why he thinks the next 4-5 weeks will be a good time to buy certain PM stocks as they form a bottom.
Whenever I hear Jordan and Doc on the same page (especially with a more bullish outlook) it means a lot.
Deja Vu…..Again.
VANCOUVER, BC / ACCESSWIRE / November 25, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) (“Northern Dynasty” or the “Company”) announces that today, its 100%-owned, US-based subsidiary Pebble Limited Partnership (the “Pebble Partnership”) received formal notification from the US Army Corps of Engineers (“USACE”) that its application for permits under the Clean Water Act and other federal statutes has been denied. The lead federal regulator found Pebble’s ‘compensatory mitigation plan’ as submitted earlier this month to be ‘non-compliant’, and that the project is ‘not in the public interest’.
Northern Dynasty called the decision politically motivated and said it is fundamentally unsupported by the administrative record as developed by the USACE through the Environmental Impact Statement (“EIS”) process for the Pebble Project. The Company intends to launch an administrative appeal of the USACE permitting decision.
The Company notes:
“The Final EIS found Pebble to be a project of merit that would fully co-exist with clean water, healthy fish and wildlife populations, and the important fisheries resources of southwest Alaska. The Final EIS also found that Pebble would make an important, positive socioeconomic contribution to the people and villages of Bristol Bay, Alaska – where full-time jobs are scarce and people face one of the highest costs of living in the country – as well as to the State of Alaska and the United States.
The “pebble” news came out yesterday.
I for 1 am glad it was stopped.
Two sides to every story. If the environmentalists are correct, I am on their side. Any comments on my opinion?
Environmentalists are correct.
Orcas are already challenged finding food, more and more seem to be found underweight.
Fukashima still poors toxics into the pacific.
The plastics are taking their toll as well.
I just dont believe the risk of losing the fishing industry is worth a relatively few people making coin.
MONTRÉAL, Nov. 25, 2020 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (“Osisko Royalties”) (OR: TSX & NYSE) and Osisko Development Corp. (“Osisko Development”) (ODV: TSX-V) are pleased to announce the successful launch of Osisko Development – a premier gold development company in North America, with the objective of becoming the next mid-tier gold producer. The common shares of Osisko Development (“ODV Shares”) will begin trading on the TSX Venture Exchange on or about December 2, 2020 under the symbol “ODV”.
Sorry, the above youtube was the wrong one.
What I meant to post was one on Defiance Silver showing excellent quarterly results today, with some commentary on there exploration.
You only need to see the DEF.VN chart for the last year to see they’re doing things right.
Whoops, sold 1000 shares of Defiance today to pay bills —
https://www.youtube.com/watch?v=-dG-tAgFJe0
David Morgan touting silver.
What is new………he is always touting silver…….
GDX:GLD broke through three Andrews forks’ resistances in the final hour on Wednesday (60 minute chart):
https://stockcharts.com/h-sc/ui?s=GDX%3AGLD&p=60&yr=0&mn=4&dy=27&id=p09072695207&a=842204427
Back-to-back daily closes at modified-Schiff fork support:
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=0&mn=8&dy=0&id=p21554677445&a=760762112
Thanks again for all the charts…………
DIA blasted 33% versus GDX in about 2 weeks and is now overbought and overdone. Such a convincing countertrend move (correction) will get a lot of caught people offsides.
https://stockcharts.com/h-sc/ui?s=DIA%3AGDX&p=D&yr=4&mn=7&dy=0&id=p36659593692&a=561197322
DIA:GDX could go a little higher to set the ultimate (stock market) bull trap but I wouldn’t bet on it…
https://stockcharts.com/h-sc/ui?s=DIA%3AGDX&p=W&yr=5&mn=5&dy=0&id=p51472242154&a=716849298
I try to buy local as much as I can… here is an interesting company east of Calgary that takes cow sh!t and turns it into fertilizer and natural gas powered electricity. Has onsite bitcoin miners. I started buying in this week.
Correction; has onsite cryptocurrency miners, not bitcoin exclusively.
I would buy the cow shit and fuel my home with it…..or at least use it to raise some good veggies….. 🙂
Why don’t you just use your own shit that comes out of your mouth?
Holy Toledo! NuLegacy’s first 2 holes show a formation much bigger than Goldrush 7 miles away. We won’t know how many grams of gold per ton for a while, but if it has 10 grams per ton like Goldrush it could be bigger than Post-Betze. Fingers crossed…Life is good.
Thanks for the info……….
Struggling for 23.6% bounce: https://postimg.cc/bGZwWckg
Great resistance at 1850 (matches Biden spike down).
It is a holiday……so the buyers are sleeping…. lol
Jerry lol!!
BDC brings out a great point! I looked at the chart all day and I’m not in love with it but I’m sticking to my long time call of $1781 give or take throw me a bone. One more pull down and it will be the “Sell The News” and “ Buy The Fact” at the lows. That low should mark and reverse in line with a smell of trump wins the election.. Regardless glen is almost all in and last tranche half of it left for this fall “ if” it comes.. I mean more in the yes. Folks buy with both fist of it does come. The ride up from this low or that low will be one of the highest. $1797.10 is the low thus far in this correction..
We have talked about this throughout the years and I will touch base on it again. The etfs have the ability to reward you nicely and allow you to get in with high volume for the more high players $$$$ etc. But boy do they correct hard mores so than the shares. Most of you know this. I’ve been having great success with my etf this year. Purchased a good chunk last two days.
P.s these are the moments in pass history Matt, ex, Jerry, dt, many others have mentioned buy buy buy.
Glen
Glen, I think gold could easily hit your target tomorrow but I have a feeling the miners will diverge bullishly if it does. The 200 day MA was pierced on Thursday and on Friday but not on a closing basis. Your 1781 is so close, gold could pierce the MA for a third time to finally reach it and then still pop right back to finish the day higher.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=11&dy=0&id=p28922336040&a=698853414
Stochastics on most miners are are showing very oversold conditions. So I’m in the camp they could rise a little, just a tad over 200 DMA and crowd will get excited. But this would turn out to be a teaser move. I tend to think, mining stocks are not going to have a V rebound. This is just my hunch.
Here’s my choice of vehicles AEM, PAAS, AGI, MAG, USAS
I see , I did not respond , yesterday……….but, you can catch some comments that I left today, at the other post……..Glen….you da man….like I said….. 🙂
Matt,
Million dollar chart to go along with my thoughts! Picture perfect..
Exactly what I’m thinking for sometime. Hit that number and reverse hard and finish the monthly green.. Your absolutely correct most miners have diverged. Looking and on standbys to see if my etf and scorpion make one more tap down to pick up more shares.
Thanks pal..
Keep those charts coming I’m looking at all of them.
SILJ is surprisingly a bit overbought relative to GDX which is a bullish sign for the sector under the circumstances, in my opinion…
https://stockcharts.com/h-sc/ui?s=SILJ%3AGDX&p=D&yr=1&mn=0&dy=0&id=p57817177054
Anyone out there?
I got the move I’ve wanted for sometime.. bingo
Ready to deploy remains tranche. Good luck to all.. the bottom should be in and reversal today I would believe.
Good luck to all..
$1974 close enough.. could go down some more $1751 is sand in line.. doubt it though they ran my number. Not by much
Glen
Good one Glen !
You are my hero 🙂
Buying more miners today if Gold is still at these levels at market close.
Thanks 😄
For the knew who done see what’s happening here.. The head of the inverse head and shoulders formation is completed or just about. This move up will be explosive!
Glen
I think you are SPOT ON…..Glen, with that statement………
Mawson Drills 1.3 Metres @ 25.3 g/t Gold and 0.5 Metres @ 23.0 g/t Gold at Joki East
2020-11-25 17:09 ET – News Release
VANCOUVER, BC / ACCESSWIRE / November 25, 2020 / Mawson Gold Limited (“Mawson” or the “Company”) (TSX:MAW)(Frankfurt:MXR)(OTC PINK:MWSNF) is pleased to announce it has drill intersected further high-grade gold at the Joki East prospect at the 100% owned Rajapalot Project in Finland.