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Beautiful price action.
Keep your targets coming.
https://stockscan.io/stocks/GDXJ/forecast
Closing in £30
what will this be when Gold hits $2500+ and Silver $34+ this year?
Yeah baby
BOOM BOOM shake the ROOM
GLA
Looking better now for sure
GLA
Https://www.vaneck.com/uk/en/investments/junior-gold-miners-etf/overview/
The Gold December contract closed the week at $2073 new ATH incoming
This is taken from Kitco article today.
According to Stifel, multiple technical indicators are showing a bottom is in or very near for gold and the junior gold equities. The relative strength index (RSI) for gold is currently at 21.
This level has only been seen seven times over the past decade. Gold returned 10% on average over the next 78 days each time this indicator hit this level. This implies a gold price of $2,000 per ounce near the end of the year.
The ratio of the VanEck Vectors Junior Gold Miners ETF (GDXJ)-to-gold is also near a low only seen 3 other times since 2013 with following rallies averaging a 95% return over the next 78 days.
According to Stifel, multiple technical indicators are showing a bottom is in or very near for gold and the junior gold equities. The relative strength index (RSI) for gold is currently at 21.
This level has only been seen seven times over the past decade. Gold returned 10% on average over the next 78 days each time this indicator hit this level. This implies a gold price of $2,000 per ounce near the end of the year.
The ratio of the VanEck Vectors Junior Gold Miners ETF (GDXJ)-to-gold is also near a low only seen 3 other times since 2013 with following rallies averaging a 95% return over the next 78 days.
Let's see.
That upside still to come in my opinion. GDX at $29.11 today much the same as where it was in January 23 when that article was written having gotten as high as $36 in May.
VanEck Junior Gold Miners (GJGB)
1 year +7.56%
3 year -37.97%
5 year +42.97%
Just topped up @ £24.74
GLA
After the pullback in Feb it's been looking bullish again over the past few weeks
Macros looking good
Looks ready to breakout and see some strong momentum north
From mining.com
https://www.mining.com/web/huge-gold-stock-upleg-likely/
“The bottom line is battered gold stocks are literally trading at panic levels today! They haven’t been lower or more oversold since March 2020’s pandemic-lockdown stock panic, after which they violently mean reverted massively higher."
"So over 19/20ths of probable minimum gold-investor buying is still coming. And it will likely prove far bigger
Took some profit on buys in 22p .
gla
Been buying all the way down here doubling up as it gets better value ,
Plan is to keep buying each month , more as an insurance policy than an investment , but expect to be massively ahead by end of this decade.
Any thoughts on a washout low in the metals before rise or do you think the low is in .
My thinking is that metals will drop if stock markets takes a dive as people sell anything to cover positions . Would put a big lump in on that .
Bit quiet on here! Bought in here today, almost caught out by swift rise in $ Gold Price (1.3% rise led to 5% rise here). To be expected given Sterling currency crisis I guess. I've suffered with GPM for several years - it's illiquid as it's lightly traded, and the charges are too high. Hopefully this will be a better long-term bet, and easier to trade.
Doubled position
nice
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Last time i checked there was no one here. ThIs is my insurance policy .
bollax
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