Minimize

Welcome!

A look into the breakouts in Copper, Oil and and Bitcoin

Cory
November 30, 2020

Ed Moya, Senior Market Analyst kicks off this week with a look into a couple key sectors/assets that are breaking out. We start with copper which is confirming the breakout from last week and now is trading at level not seen since 2013. Next up is oil and the importance of the OPEC+ meeting that is on right now. Finally we look at the rise of Bitcoin and other cryptocurrencies.

Click here to visit the OANDA website and follow along with Ed’s daily note.

Discussion
40 Comments
    Nov 30, 2020 30:35 PM

    Bitcoin and etherium both doing great as swing trades for me . use greyscale . Thru research discovered sq and pypl are in with bitcoin surge . So i have traded and now near rebuy of SQ and now have my first order in to buy on limit paypal near present price . traders dream the churn but dont over buy your positions my gold stocks are slowly recovering have faith best lf health and wealth to you all . OSSOFF AND WARNOCK YES

      Dec 01, 2020 01:56 AM

      LOL…….yet……..down $2000……..go for it….

    Nov 30, 2020 30:49 PM

    WRN has performed well for me. What other copper miners look good?

    b
    Nov 30, 2020 30:47 PM

    Gold looks like it could drop quite a ways to me.

    M Fulp says he hope it drops, lookin to buy on the dip.

    cfs
    Nov 30, 2020 30:39 PM

    WRN has performed average for me.

    On the Gold front:
    Dr. Quinton Hennigh’s Novo Resources Corp. (NVO) lost another 14 cents to $2.24 on 2.02 million shares. Novo slid 39 cents Thursday, closing at $2.38 on 2.22 million shares, on word that Anthony Makuch’s Kirkland Lake Gold Ltd. (KL) is selling 18.5 million shares at $2.45 per share — and perhaps half that number again at $2.80 should Novo’s stock bounce back from the blow. Kirkland Lake added 72 cents Thursday on the news, but today it lost 18 of those cents to $52.02 on 1.1 million shares.

    Kirkland Lake is selling the 18.5 million Novo shares as units, with each share accompanied by one-half of a warrant. A full warrant will allow the holder to acquire another Novo share at $2.80 over the following 12 months. Kirkland Lake currently holds 27.89 million Novo shares, so if the sale proceeds as planned, the company will be left with just 135,000 Novo shares.

    cfs
    Nov 30, 2020 30:46 PM

    The U.S. House will vote on a bill to federally decriminalize cannabis next week.

    I have no idea how the House or the Senate will vote, except decrimilization will provide tax revenue.

    Nov 30, 2020 30:58 PM

    Michel Saylor has singlehandedly since July led the charge in Bitcoin with his personal & MicroStrategies bankroll of $600 miliion. He makes the most compelling story

    Nov 30, 2020 30:27 PM

    Cannabis legalized certainly fits a bankrupt govt agenda. Keeps the masses stupid-stoned. Now that General Flynn has finally found the floor, there’s nowhere to go but up—

    Nov 30, 2020 30:02 PM
    cfs
    Dec 01, 2020 01:35 AM

    Iamgold drills 17.3 m of 7.62 g/t Au at Nelligan

    2020-12-01 07:29 ET – News Release
    Mr. Craig MacDougall reports
    IAMGOLD REPORTS REMAINING ASSAY RESULTS FROM THE 2020 DRILLING PROGRAM AND CONFIRMS THE EXTENSION OF THE RENARD SYSTEM TO THE WEST AT THE NELLIGAN GOLD PROJECT, QUEBEC
    Iamgold Corp. has released the remaining assay results from its 2020 exploration diamond drilling program at its Nelligan joint venture project (Iamgold: 75 per cent, Vanstar Mining Resources Inc.: 25 per cent), located 60 kilometres southwest of Chibougamau, Que., Canada.

      Dec 01, 2020 01:03 AM

      That’s my boy! My largest holding

    cfs
    Dec 01, 2020 01:39 AM

    Marathon Gold drills 17 m of 4.66 g/t Au at Valentine

    2020-12-01 07:36 ET – News Release
    Mr. Matt Manson reports
    MARATHON GOLD REPORTS ADDITIONAL DRILL RESULTS FROM THE SPRITE CORRIDOR, VALENTINE GOLD PROJECT
    Marathon Gold Corp. has provided additional drill results from recent exploration drilling at the Valentine gold project, central Newfoundland.

    cfs
    Dec 01, 2020 01:42 AM

    Radisson drills 2.5 m of 110.97 g/t Au at O’Brien
    2020-12-01 06:59 ET – News Release
    Mr. Mario Bouchard reports
    RADISSON INTERSECTS 110.97 G/T AU OVER 2.50 M HIGHLIGHTING LATERAL RESOURCE EXPANSION POTENTIAL ON THE FIRST TREND AT THE O’BRIEN PROJECT, QUEBEC

    cfs
    Dec 01, 2020 01:45 AM

    IsoEnergy drills 3.5 m of 74% U3O8 at Larocque

    2020-12-01 06:41 ET – News Release
    Mr. Craig Parry reports
    ISOENERGY INTERSECTS 74.0% U3O8 OVER 3.5M WITHIN 38.8% U3O8 OVER 7.5M IN DRILL HOLE LE20-76

    Dec 01, 2020 01:08 AM

    Ladies and gentlemen,

    I posted this yesterday or day before when the bearish “ they know who they are” came out to play..

    Boys don’t fret! The intermediate cycle is going to put a final low soon. Today or tomorrow is a good bet.. I actually think this weeks candle will go up as high as $1920/1930 before closing red. We are forming the head. That’s what I’m seeing. And also hearing to many bearish calls now. Sentiment has changed bearish..

    Cross my fingers but we may have another great call by glen lol..I will revise and tweak the numbers as I had my foggy lenses on. The head formation is being constructed right now as I speak. I’ve been the only one on record saying this. This move will have us go to $1886-$1990 region “ give or take. Precise number I’m looking for is $1888. From that level we should drop to retest these lows. Following week we should be up up and away!

    Glen

      Dec 01, 2020 01:52 AM

      Thanks for the POST ……GLEN…… When the no nothings post, you know you are coming into a low….. lol…… 🙂
      They have been wrong for years, and will continue to be wrong….clueless… 🙂
      Hey, It is my birthday……..and I am going to Rant… 🙂

    Dec 01, 2020 01:13 AM

    P.S

    If we continue this streak of great calls, spare change in the form of gold coins and silver rounds would be welcomed lol.. 😄🍾

    BDC
    Dec 01, 2020 01:41 AM

    I call this pattern “Appendix Low”: https://postimg.cc/Hcx9zXZS
    If it holds, and rises from this level, the bottom may be in now.

    Dec 01, 2020 01:19 AM

    Brixton Metals Discovers New Gold Zone at Outlaw West and Expands the Central Outlaw Zone at its Thorn Project
    http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20201201:nGNX5Vb5C6&default-theme=true

    cfs
    Dec 01, 2020 01:56 AM

    Timberline drills 15.24 m of 10.09 g/t Au at Eureka
    2020-12-01 07:43 ET – News Release
    Mr. Patrick Highsmith reports
    TIMBERLINE CONFIRMS AND EXTENDS HIGH-GRADE GOLD MINERALIZATION AT ITS EUREKA PROJECT, NEVADA

    Dec 01, 2020 01:01 AM

    This long correction has been picture-perfect normal for Brixton:
    https://stockcharts.com/h-sc/ui?s=BBB.V&p=W&yr=4&mn=11&dy=0&id=p45814183272&a=784535601

    cfs
    Dec 01, 2020 01:03 AM

    Osisko Mining drills two m of 13,634 g/t Au at Windfall

    2020-12-01 07:40 ET – News Release
    Mr. John Burzynski reports
    OSISKO WINDFALL INFILL DRILLING: VERY GOOD
    Osisko Mining Inc. has provided new analytical results from the continuing expansion and definition drill program at its 100-per-cent-owned Windfall gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee James Bay, Que.

    Dec 01, 2020 01:11 AM
    Dec 01, 2020 01:20 AM
    Dec 01, 2020 01:24 AM

    Jerry,

    Wishing you on this day the greatest birthday ever with what you like to enjoy surrounded by great people and family. As well as great health and the best on your investments. Cheers to you Jerry for keeping this wonderful family chat forum alive always your pal Glenn.🍾🍾🍾🍺🥃🎉🎉💸💸🥇

    Matt

    Loving the charts they really re-assure the agenda and it looks great amigo! Time to head up up lol..

      Dec 01, 2020 01:30 AM

      This is no fake-out like we had 3 weeks ago. 🍻

      Dec 01, 2020 01:49 AM

      Glen…………THank you kind sir………appreciate the thoughts…..as always Your pal.. 🙂