What Can Move Metals Stocks Now?
Recently in the resource sector we have seen everything including good news being ignored by investors. Jordan Roy-Byrne joins me today to share his thoughts on what companies need to be doing to attract investors and actually get money flowing into their stock. We also discuss the bigger picture when it comes to resistance levels for the whole sector. If the sector experiences a breakout then that will help flow money in but it does not look like that will happen for some time.
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The 200 Weekly Moving Ave. has been excellent support on GDX since Jan., ’17.
Gold sector is garbage. If you need to be telling yourself what would make gold stock go up it’s going down fast soon. This sector been stuck for 5 yrs now. What a garbage sector. Gold pundits just keep saying oh wait 6 months for rally which never comes. Pathetic.
Square peg round hole syndrome.
round pole looking for a square corner…………… 🙂
I like pathetic……….gold 1045 to 1313……I say someone made some money…..:)
Better check the long term chart……..1971 …gold $35…..today 1313……LOL…
average return over 9 % a yr……….
What is pathetic……..is the FED/Central bankers, ……now those guys are Pathetic.
Bingo OOTB. Gold has moved up from $1045 to the mid $1300’s, and most of the PM miners have had an number of lucrative tradable rallies over the last few years.
Just the move up in 2016 in many of the Jr & Mid-tier Silver miners were up 500 % to 1000% Moves like that can produce more gains in 8 months than most investors will capture in a decade.
What are garbage are sweeping comments from people that apparently don’t know how to trade the moves in the miners are sitting around crying in their soup over it. This is not a buy and hold market and hasn’t been for years. This the resource sector and the miners are very turbulent and not for crybabies like the comments we see above or below.
The ironic part is that it is the crybaby bears negative bias that clouds their vision and causes them to miss the fundamental/technical set ups where the rallies are going to play out and they get left in the dust each time.
Tragic comedy, but that’s what makes a market 🙂
Again……..great comments……..and I agree……… it, takes work and most do not put in the time……. 🙂
Thanks for the sanity OOTB. Cheers mate!
Sometimes when I see comments from some of the glass is half empty whiners on here, where there have been multiple opportunities to make more in 3-6 months in these miners than anything the general stock indexes are doing for decades, it’s time to call BS.
Ditto…….agree………. 🙂
Lower highs and for 1 year and its been almost 2 years since the peak. I think they can drag this triangle out for another couple of months. And of course, there could be massive headfakes in either direction. My cynical guess is even if we break out to the upside eventually, we will get a large headfake lower.
Try getting your facts straight….
The Gold stocks have had a number of rallies in early Q1 Run of 2015, 8 months massive thrust up in 2016, the Q1 run of 2017, the Aug into Sept rally of 2017, and Q1 run of 2018.
So if you missed those opportunities where many miners jolted up between 50% and 500%+, then that’s on you, but don’t paint with such a broad brush and act like there hasn’t been opportunity.
The Jr miners aren’t blue chip stocks that are slow and steady win the race for the old turkey value investors. This is the commodity sector which is very cyclical and is a roller coaster ride.
I would have to agree with your comments……… JtheLong…….. 🙂
Thanks J.. The Long….. OOTB ….. Das BOOT…. The Claw…..
It would be like saying the Oil market is going anywhere as it is still in the 60’s like it was years ago, when clearly there was a major bottom put in and a number of tradable rallies. The Base metals have had epic runs the last few years and once again, most of the bears missed all of those moves.
People whine when they miss easy set ups for rallies and if they listened to a bit more then they would have had plenty of opportunities to make money in the resource sector the last few years. That is the value of a site like the KER or ceo is that many contrarian investors discuss capitalizing on these moves and the rest watch from the sidelines wishing they woulda, coulda, shoulda, and then decide to bash the sector instead of collecting out-sized gains.
Again……..I would have to agree……..some people are lost concerning the metals, and fail to do their DD……..as always…CCF…. 🙂
Yes agreed. Contrarians Contrarian Frank.
Please say hello to Frank from Moscow for me 😉
Frank says Hi………
Hey EX we hang in as we KNOW this cant last forever. ANX released great drill results again and Crickets !!!
+1 Mickey Mantle
(ANX) Anaconda has delivered good news release after good news release for the last year and eventually people that are chasing smoke and mirror explorers will wake up to the fact that there are legitimate and well run Jr miners out there. Anaconda is doing both solid production and solid exploration simultaneously and their day will come.
Cheers!
Rango you spot on the Gold Market sucks right now. I have been through 3 cycles like this. All you can do is wait and accumulate your favorite companies that you feel hold tremendous value. The market sucks until it doesn’t anymore and then Kaboom . Fortunes are made. You are right it has been a dismal 7 years. My favorite stocks are ANX NRG SIR. KD
You can tell the Pros………..MM……..great comments and I agree, once you have been through a couple of cycles, you know the game…………..some people need a history lesson…… 🙂
long AXSM
I imagine GDX won’t go too far below $21, but who knows. Today was an ugly reversal day for AXU, AG and EXK. Absolutely no clue how low EXK and AG can go, but AXU looks like it is headed down to touch its 144 WMA at 1.26. On a spike lower, it could hit the 233 WMA at 1.07. I actually think AXU will end up tagging that 1.07 level before it will bottom.
When EXK was still above $3.00:
On May 3, 2018 at 8:23 am,
Matthew says:
The daily chart suggests an imminent 10% pullback unless it can breakout first and then go sideways. For that to happen, silver better get moving.
On May 3, 2018 at 9:19 am,
spanky says:
For EXK to pullback 10%, silver is going to get absolutely hammered, IMO.
On May 3, 2018 at 9:43 am,
Matthew says:
After such an overbought condition, it could drift a measly 10% lower if silver simply does nothing.
Update: Not only did silver NOT get hammered, it is actually a little higher now than it was on May 3rd.
My point? Your sentiment turns too easily. There is nothing scary going on with EXK. Notice that it wasn’t even able to completely fill the little 4/13 gap yesterday. All it needed was one more cent, yet it couldn’t do it. That’s bullish action that won’t be negated even if it does go back and get it done. It bounced 8.5% so it should now have stored energy to do it easily if silver goes a little lower.
EXK has clearest chart on the daily and weekly. I’m not so worried about it. It’s AG and AXU that look vulnerable, especially AXU. I suppose it’s not the end of the world if it drops into the 1.10-20 range, but it’ll just be a case of more of the same. The more I look at the weekly ichimoku, the more I am lining up with Ex’s and Docs call for lower to sideways price until the fall or winter of 2018.
SLV:GLD looks ok for now, but today was an ugly little reversal. The BBs on the daily chart are still far apart, so I suppose there could be a week or two more of noise before the real move begins in earnest. Also didn’t like SIL’s ugly little candle today.
AG looks fine to me…
http://schrts.co/GzJVFE
AXU looks fine too…
http://schrts.co/f7TdK3
Important American Creek Online Presentation II
AMK – ACKRF TUD – TDRRF TUO – TEUTF SA – SEA
Important American Creek Online Presentation II – American Creek has received important geophysical information concerning the Treaty Creek property and how it relates to the Seabridge and Pretivm projects, how it relates to 2017 and 2018 drilling, and how it relates to Seabridge’s proposed tunnels through Treaty Creek. There was a large demand to be on our 20 minute online presentations concerning this but unfortunately many were unable to attend.
To accommodate them we have scheduled one more day of presentations tomorrow May 10th 2018. Here is the Schedule:
Thursday May 10th – Three presentations
PST MST CST EST
9:00AM 10:00AM 11:00AM 12:00PM
12:00PM 1:00PM 2:00PM 3:00PM
6:00PM 7:00PM 8:00PM 9:00PM
If you would like to attend one of these sessions, please contact Kelvin Burton (information below) to confirm which meeting you would like to attend.
Kelvin Burton
92, 2 Ave West, Box 70
Cardston, Alberta, Canada T0K 0K0
Tel: (403) 752-4040
Gold is froze ………
(VTT) (VDTAF) Vendetta Commences Field Program at the Pegmont Lead-Zinc Project and Provides Corporate Update
Good, …..then we can close down the military bases……and cut some cost …
GOLD DEMAND may Surge on IRAN
I would think so…..lol
https://www.zerohedge.com/news/2018-05-10/gold-bullion-demand-iran-may-surge-trump-sanctions
Global Blockchain Lists Warrants for Trading, Provides Corporate Update and Update on “Fork” Spin-out BLOC BLKCF
Somebody sure wanted AKG yesterday. It had been trending upward for several weeks. Yesterday on zero news, it was up big and climbed all day. I gave them every share I had at $1.38 and that was the top. Today, down almost 11%. Great example of why not to chase those issues that are moving.