Steve Penny – The SilverChartist Is Back! With A Technical Review Of The US Dollar, Gold, Silver, and Uranium Stocks
Steve Penny, Publisher of The SilverChartist Report, joins me to share a handful of key charts on the US Dollar (DXY), the Gold monthly, the Gold weekly, the Gold daily, the Silver weekly, the Silver Daily, the Sprott Uranium Miners ETF (URNM), and URNM versus the Sprott Physical Uranium Trust as a proxy for the uranium price action. [all charts are posted below so you can follow along]
We also intermix some macro fundamentals and trading strategies into the discussion, and how to utilize the very oversold nature of the mining stocks in relation to the moves in the underling metals, and to have a strategy before entering a trade and stick to it for exiting a trade to manage ones emotions.
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Found this interesting regarding the economy
https://www.freightwaves.com/news/layoffs-and-bankruptcies-pile-up-in-logistics-amid-shocking-downturn
Happy Thanksgiving to all the posters in the U.S.! Looks like the long consolidation in gold might be finally ending soon. Good luck to all!
Charles Fipke is The CEO of Cantex, if you don’t know who he is, he discovered and built the Ekati Diamond Mine, but more importantly when he gets behind a project, he has a lot of followers who have made a considerable amount of money on Ekati and they will follow him all the way. DT
Cantex is up 40% if the American market was open, I believe it would be much higher. DT
Impact silver…Looks quite possible that the downtrend just ended today…..Nice hammer formed on daily w also a nice weekly doji…..Looks like it will miss my buy target of .1263…..I will leave the buy on…glta
I have to guess that it will poke lower on Monday, at least in $Cdn…
https://stockcharts.com/h-sc/ui?s=IPT.V&p=W&yr=8&mn=0&dy=0&id=p34807067145&a=1537730081
Hi Matthew..appreciate that view of the security…..Have great holiday!
Thanks Larry you too!
There is another player in the Baie Verte region of Newfoundland, Auteco Minerals, they are owned by Bellevue Mining an ASX listed gold producer. Auteco is listed in The US and not Canada. The interesting thing is they need Maritime Resources milling capacity. Maritime is one of those stories you want to get interested in before the crowd. IMHO=In My Humble Opinion! Of course, don’t forget about the guerilla NFG! Cheers!