Markets are at a key inflection point, here’s what to note about recent trading
Chris Vermeulen, Founder of The Technical Traders joins me to share his insights on the on the trading over the last 3 days for markets. Especially today we saw rotation into the lagging tech sectors and some of the safer assets bouncing off some much lower selloff levels. Chris shares a word of caution on the potential of a broad based selloff.
Click here to visit the Technical Traders website to follow along with what Chris is trading.
Bonzo bought more LOMLF today.
Someone big has had enough of the drip torture on LOMLF, considering it last raised capital at USD $1.28 and $1.54. The chart looks terrible. I still have indecision at USD $.94 cents because in a broad market correction (which I expect in the next few weeks), LOMLF could visit USD $.75 cents very easily. Also, it seems we should have seen more drill hole results by now.
2021-03-09 09:12 ET – News Release
An anonymous director reports
GOLD ROYALTY ANNOUNCES CLOSING DATE FOR ITS US$90 MILLION INITIAL PUBLIC OFFERING AND DEBUT ON NYSE AMERICAN
Goldmining Inc.’s subsidiary, Gold Royalty Corp. (GRC), has filed a final prospectus for GRC’s initial public offering of 18 million units of GRC at an initial public offering price of $5 (U.S.) per unit. Each Unit will be comprised of one common share and one-half of a warrant to purchase a common share of GRC. Each full warrant will entitle the holder thereof to acquire a common share at a price of US$7.50 per share for a period of three years after the issuance date.
The common shares and warrants of GRC are expected to begin trading on the NYSE American on March 9, 2021 under the symbols “GROY” and “GROY WS”, respectively. The offering is expected to close on March 11, 2021, subject to the satisfaction of customary closing conditions.
CFS holds shares in this company.
IMHO, I’m shocked that someone actually underwrote that IPO.
You had same attitude last year, your long-term newsletter subscribers lost their balls, you talk of technical trading why did you let this people watch mkt crash but in your swing trader newsletter you got out in February saying mkt was rolling over but at the bottom in March you watch stocks reverse and continue calling retest lows but watch all stocks move all way back to new highs, your swing trader newsletter actually lost money for year in 2020, now in 2021 you just put new spin on your trading calling it BAN trading but reality it’s same old swing trader technical trading.
Why should people believe you now. Your last big BAN trades only made combined 2 percent. Now your probably wrong again with just calling short term pop. Don’t fight the FED and easy money in bull mkt. NASDAQ needed cooling off and normal profit taking event at 12 percent. New highs coming. Stocks will crash eventually but not until easy money stops so after infrastructure bill is passed get out of mkt. Chris wrong again just like in 2020 who looses money coming out of March lows just you and swing traders newsletter which now just new spin and name BAN. Looser system.
All these analysts have one thing in common. Very talented persuasive salesman using all their winning trades to deceive their followers. However, you will never hear them ever say anything about they’re losing trades. There are the exceptions out there, but very few and seldom you’ll hear them represent themselves with full disclosure. And then we have links on here to nowhere to analysts no ones I’ve even heard of. It’s the same clown dance over and over again. Posters who love their butt slaps (wow, your so great) and enjoy the popularity contest. Trolling day in and day out been going on for years. Great trading. As long as they win the popularity contest. Only reason for all the trolling and being here. Streaming posts all day long
2021-03-09 14:32 ET – News Release
Mr. Darren Blaney reports
AMERICAN CREEK REPORTS THAT JV PARTNER TUDOR GOLD COMPLETES INITIAL MINERAL RESOURCE ESTIMATE AT TREATY CREEK; 19.4 MILLION OUNCES OF 0.74 GPT AUEQ OF MEASURED AND INDICATED MINERAL RESOURCES AND 7.9 MILLION OUNCES OF 0.79 GPT AUEQ OF INFERRED MINERAL RESOURCES
Since bottoming out Friday at lunch both EV charging stations plays have gone up 40%…. got to love the volatility of these markets
I understand some things.
But some things make no sense to me !
Is Gold About To Rebound? Pierre Lassonde on Bitcoin ‘Mania’ and Silver Squeeze Impact
Kitco News – March 8, 2021
0:00 – Gold price rebound?
1:46 – Bitcoin vs gold
2:50 – Gold equities leading the bullion
5:48 – Gold sentiment
7:12 – Mergers and acquisitions
11:51 – Gold bullion vs miners
14:20 – Silver squeeze
17:11- Junior miners
Under Mergers and Acquisitions, Newmont to acquire GT GOLD in all cash transaction. DT
Looks like a 38% premium from time of offer.
Marc Faber
So far just another alternating day.
As stated
It was a dead cat bounce. Looking for continued weakness Into fridays close with a pop back up on Monday Tuesday over and slightly cutting above yesterday’s high. This will set the stage for Wednesday of which won’t be gold friendly.
Sell the news buy the facts. Smoke signal beware. The time will come not just yet.
Glen
Thanks Glen.
I haven’t been aggressive on purchases here. Am waiting to see where the next direction takes us.
I wouldn’t say “was” just yet. There is still the possibility that this weak move will redeem itself. Maybe a sharp dip into yesterday’s gap is all it needs. If that happens tomorrow, then Friday could be a great day. It’s a real possibility but I’m not predicting that it will happen.
Miners appear to want to move but capping may be starting on the physical paper.
Sign of life…maybe we will NOW get a move up today.
I ended barely green. Pretty much a wash day but two green days in a row. That is rare, but today was basically capped. The paper metals were up…
Rearranged some GR Silver to Silver Tiger add. Moved some Irving to a Group Ten add. Took some left overs and put in Vizsla add. Got a stink bid add in on the drop in Telson. Mean while the politicians continue their rhetoric of crap. Just vote and shut up.
House going to pass bill. General markets green. PMs green. Dollar red. 10 Yr down. Miners…waffling. What?
DJIA + General equity markets: Stellar upside rip your face off rallies most likely right into the mid April late time frame. Everyone’s going to be completely terrified of shorting this market when that time comes at the top. The elite wealthy individual insiders must be really lickin their chops right now. They’ll be making money 100 times faster and profits will be 100 times greater on the decline. The FED to the rescue will bail out the derivatives market and all the options will be settled. All speculation of course however it’s setting up to be the trade of a lifetime. The drop could be absolutely breathtaking. Not investment advice whatsoever however out of the money put options with an expiration going out maybe a month or even a few weeks will yield possibly even a 1000 X. Regardless, it’s still a dreamer trade and you can’t make any money unless you prepare for what we traders call “”Set Ups”” ahead of time. Lots of preparation because the timing has to be nailed perfectly. That’s where patience prevails and greed does not come in. Timing is everything. Greed produces “”Whack A Trades””. And just trolling all day doesn’t make any money.
https://liononemetals.com/2021/03/lion-one-mobilizes-sixth-drill-rig-and-reports-continued-high-grade-results-from-tuvatu/