Juniormining
GDXJ JNUG - ITS PLAY TIMELadies and Gentlemen.
This is the moment we've been long awaiting in the junior mining sector. See my previous posts for more information.
Junior Gold Miners Nearing Critical Breakout Levellooking for high volume breach over and through the critical $50 level. Its possible that a once in a lifetime risk vs reward opportunity is setting up on the junior gold mining sector..
$SLVR Silver Tiger Metals looking strong
Momentum EMA indicators are turning up
Trading towards the top of the Bollinger bands/ bands are starting to tighten up
Money flow has turned upwards
WHOA! JUNIOR GOLD MINERS GDXJ JNUG - JUNE 2020 PRICE PREDICTIONPREPARE FOR AN INVERSE HEAD AND SHOULDERS PATTERN TO INITIATE A BULLISH CHAIN-REACTION AND HARMONY FOR THE JUNIOR GOLD MINERS.
GOLD AND SILVER MINING HAS SET THE STAGE AND WE EXPECT SOME MASSIVE MOVES AHEAD...
TRADE THE BREAKOUTS
GDXJ AMEX:GDX FX_IDC:XAUUSD TVC:GOLD AMEX:JNUG AMEX:JDST
"Patience comes to those who wait"
-HandofGold
Time to Take Off My Shorts. An Inverse Head and Shoulders Pattern has developed on the Junior Gold Miners Bull Etfs JNUG. Pattern is predicting a new bullish price target of $110 correspinding with the MAY 20 TOP and the 1.272 fibonacci retracement level. Planing on adding to our bullish position after a breakout of this pattern's neckline. A tight stop loss just below the right shoulder is appropriate.
OANDA:XAUUSD AMEX:GDX GDXJ AMEX:NUGT AMEX:JNUG
NOW TIME TO BUY GOLD AND SILVER MINERSThe head and shoulders trade on the junior gold miners was a textbook example. Our short position target price has been met and the MACD is showing corssover potential on multiple timeframes. We have rotated from short positions to long positions on AMEX:GDXJ AMEX:JNUG
"Patience comes to those who wait."
-HANDOFGOLD
Overlooked silver explorer-developer with no debtGolden Minerlas Company ($AUMN)
This is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on advancing its El Quevar silver property in Argentina, as well as acquiring and advancing mining properties in Mexico, Nevada and Argentina.
The following is not investment advice, but simply captures my personal observations:
The market seems to have completely forgotten the stock; The most recent seeking alpha articles date back from 2014, for example. Current valuation reflects this, with a face-ripping 99% drawdown from its peak.
Management, however, has invested in expanding the resource base during the depth of the PM bear market, and now just entered in a new JV agreement with the potential to broaden their resource base even further (see: www.marketwatch.com)
That news seems to have sparked a break-out.
Now we see this breakout being backtested. I don't see increased volume, and I suspect silver bugs are mostly overlooking this stock still. Its marketcap is tiny at only 30M, so it won't take much to start making waves and get noticed....
Severely Undervalued Gold Silver MinerSimply a return to 2016 levels would net us a 350% return. Hyper-conservatively speaking, bare minimum, I see a 50-90% increase in AUMN in the near future.
If AUMN experiences a crash near previous lows, I will be buying while others are selling.
Firefox @long positionWe'll how it goes. I'll keep you updated...
If you have any questions feel free to ask. Wish you a great week ahead.
