$MARA to the moonLooks like $MARA is ready to fly, and there is a rumor that Cathie Wood will add it to $ARKK
Miners
BTC- Fundamental, market cycle and capitulationThe great unwind... As Mark Cuban calls it. Such capitulations are, however, not uncommon throughout Bitcoin's history. Feb 2018, Nov 2018 and Mar 2020... To name a few. Of course, to newcomers, such volatility is difficult to stomach. At least, that was how I felt back in 2017.
The latest China FUD is simply three banking and payments associations in China reiterated on the central bank's 2017 ban on financial institutions and payment firms engaging in cryptocurrency transactions and these rules have been in place since 2017. China has been banning the retail trading and the operation of crypto exchange within China’s jurisdiction since 2017. I know this because I was at the front row seat and watched this event unfolded which also coincided with the deep correction of Ethereum from $400 to $140.
China’s latest crackdown on Bitcoin mining will be limited to operations that are not using hydroelectric power. If you think about it, it’s actually good for BTC’s reputation and the global environment in the long run as the world’s adoption of the decarbonation accelerates.
Elon musk’s bashing of BTC…. Hard to take him seriously when he doesn’t even know the high ownership concentration of DOGE and when he believes that he can magically 10x the block size of DOGE. Obviously, he hasn’t thought seriously about the scalability dilemma and the tradeoff between privacy & decentralization and transaction volume/speed/cost. He is right about the BTC’s environmental impact though and it is an important issue for Bitconers to address as the worldwide trend toward the greener environment marches on. I just wish that he didn’t flipflop on whether or not he would allow Tesla to accept BTC payment.
FOMOers, long-term holders/whales and miners determine crypto’s market cycle. Let’s examine them one by one.
Short-term holder's capitulation-
Panic selling is actually good as weak hands get shaken out and market cools off a bit.
Both aSOPR and STH-SOPR have dipped below 1.0 recently indicating the widespread and aggressive panic selling by new holders.
# of address with a non-zero balance has also decreased which is another sign of panic selling by FOMOers.
Bitcoin’s Net Transfer volume from/to Binance is another panic selling indicator as it went up when panic selling intensified.
Long-term holder is HODLing-
The ASOL, CDD and Dormancy metrics are all down indicating HODL sentiment among long-term holders.
# of Bitcoin supply held by Long Term Holders indicating that LTHs haven’t distributed their holdings to the lvl where the new accumulation phase typically begins.
Coinbase’s outflow continues to increase and its balance continue to decline which indicating institutional accumulation and demand and the increasing # of accumulation addresses also point to the same trend.
Total supply held by long-term holders has also slightly increased though this data by itself doesn’t tell us if LTH is accumulating at the bottom of the bullish retracement or the beginning of bearish cycle.
Miners' accumulation-
Last but not the least, miners’ behavior has great influence on the market sentiment. Both Bitcoin’s Miner Net Position Change and OTC Desks Balance indicate that miners are bullish and are accumulating BTC instead of distributing it.
Most other on-chain datas and technical indicators such as BTC NVT price, Bitcoin Difficulty Ribbon and Mayer multiple paint a bullish picture as well . However, one thing that concerns me is that Bitcoin Wallet Sizes: > 1,000 BTC seems to be declining a bit.
It’s possible that the price can continue to fall and bottom around 25k, but the likelihood of it happens will depend on if BTC can convincingly break above 38k and how long BTC stays below 40k. Whatever you do, base your judgement on the combination of different source and analysis rather than the biased intuition and simple trading patterns. Most importantly, play the long game. It's paramount that you can survive the bearish cycle, which will come eventually, and have enough capital set aside so you can buy at the bottom formation and enjoy the fruit of your labors when the market rises up again.
New Gold Inc /Gold Miners / Investment Idea
Fundamental side of The Idea :
Miners continue to outperform gold.
This ratio is now confirming a prior breakout with authority and making higher lows since March.
While all eyes remain on Gold and crypto , this industry is climbing a wall of worry.
About the company
New Gold's balance sheet is looking better thanks to a high gold price. However, all-in sustaining costs are very high and reached $1,550 per ounce in Q1'21, with an AISC of $1,586 per ounce for Rainy River. It is a red flashing signal.
The issue here is the lack of diversity. The company is running two so-so gold mines and doesn't have any leverage if something bad happens. So far, the gold momentum is helping but it wont for soo long.
The reasonable solution is to trade the stock and keep only a small long-term position , The company is clearly undervalued . let say untill The price Reach 7/9 $ range .
Do Not hesitate to Contact me .
S.Sadki
Gold - Bullish Weekly Close Above Resistance !The breakout was confirmed, with a small pullback on the daily chart.
After a few months of consolidation, gold seems ready to test previous highs.
Gold Correction is Over. Re-pricing incomingThe gold market appears to have found its bottom and rallied back above 1800USD.
This correction is over IMO. The senior producers have sold off and the juniors are quiet again. Its time to add to positions or establish longs in advance of widespread commodity re-pricing to higher levels. Gold will not be left behind this time.
Austral gold is still hanging in there producing cash and the focus now should be on the exploration results which will be key in replenishing reserves. If austral gold can continue to mine 50k oz of gold and then grow their resources with the recent acquisitions this stock can be a multi-bagger.
The copper claims that austral has recently acquired are interesting and has a bit of a mini-barrick vibe.
GLTA.
BNNLFWeekly looking good since I alerted to buy in my group at .10c I think when dust settles this small cap uranium miner can hit .29c
Vox Royalty Announces Record Revenue in Q1 2021GEORGE TOWN, CAYMAN ISLANDS – May 4, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”) is
pleased to announce that the Company has realized record preliminary revenue of C$668,600 (US$540,000)
(1) for the three-month period ended March 31, 2021. All preliminary revenues were derived from royalties, not streams, as such, the cash operating
margin(1) was 100% for the quarter. During the quarter, the Company recognized inaugural royalty revenue from the Koolyanobbing
royalty, which is an uncapped 2% Free on Board sales value royalty from iron ore mined from the recently commissioned Altair
Pit and a portion of the Deception Pit.
Quarterly revenue benefitted from increased royalty-linked production by Mineral Resources Limited (ASX: MIN) and record iron
ore prices at Koolyanobbing, increased production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret deposit at
Higginsville covered by the Dry Creek royalty and rebounding quarterly diamond prices associated with the Brauna royalty.
Kyle Floyd, Chief Executive Officer stated: “Record quarterly revenue for Q1 represents the start of Vox’s anticipated revenue
growth through 2023 as numerous royalty assets are expected to commence production. The Company’s preliminary quarterly
revenue is in line with previously announced 2021 full-year revenue guidance of C$1.7M to C$2.5M. Vox’s organic revenue growth
is a product of the Company’s stated strategy of acquiring high quality, attractively priced royalties many of which are near term
production opportunities. Vox held one producing royalty in May 2020 and anticipates finishing 2021 with seven producing assets
based on its current portfolio of 50 royalties.”
Vox is a growth precious metals royalty and streaming company with a portfolio of 50 royalties and streams spanning nine
jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused
transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty
sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.
Copper breaking outTechnical Analysis
As you can see in the chart, every red square is showing a consolidation period, followed by a strong rally.
Today's action is showing strength as we are seeing a potential breakout, outside the 1-month consolidation period.
Trade setup
The light-blue arrows are potential measured moves. However, I would follow the 5sma or 10sma, as a stop-exit for 50% of your position.
Fundamental Analysis
There is some concern around inflation, all though the Fed maintains he believes it will be transitory.
Here is the way I follow inflation, which is a free chart by the Federal Reserve Economic Data :
fred.stlouisfed.org
Another way is with the TIP etf.
Metals - ORLEW Forecast for Orocobre Ltd:
- Orocobre Limited engages in the exploration, development, and production of lithium in Argentina. The company's flagship project is the Olaroz Lithium Facility located in the Jujuy province of northern Argentina. It also operates two open pit mines situated in Tincalayu and Sijes producing minerals, refined products, and boric acid. In addition, the company owns 100% Cauchari Lithium Project.
- Cup and Handle breakout.
- Orocobre is a leading producer and developer of lithium.
- We are bullish on commodities, especially metals.
- Lithium ion batteries are critical in the renewable energy industry.
- We are very excited about opportunities in the commodities sector, as we believe a macro turn is approaching in the nearest future.
- We are bullish on the clean energy and ESG sectors.
- Orocobre is due to complete a merger deal with Galaxy, creating the 5th largest global lithium chemicals company.
- We expect companies to accelerate the merging process, in the rush to become "too big to fail", as the macro turn approaches... only the biggest entities will be bailed out, or bailed in.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
SILVER TECHNICAL SETUP - LONGWith substantial weakness in the dollar, precious metals and the USD currency index have a strong inverse correlation.
Silver has broken out from a bullish falling wedge pattern, which it has back tested and then broken out of the back test. We can also see bullish divergence for the MACd technical indicator on the 8H for Silver spot too.
The attached chart shows a bullish wedge patter having being broken out of, we will look for a close above the purple line to confirm a breakout and enter a long position.
Keep in mind the whipsaw effect we always see due to earnings, exercise caution.
Gold to Continue Testing Higher LevelsXAUUSD has a potential bullish move to complete wave Y of the complex WXY pattern which in nature is corrective.
This suggests around 1800-1820 is an area where we could expect the selling pressure to rise.
Cheers!
Bad news for PHX Minerals INC.Huge gap for PHX Mineral Inc. after bad news.
www.prnewswire.com
knoxdaily.com
The company website: phxmin.com
Metals - RSLVModel has given entry signals for Reyna Silver:
- Reyna Silver Corp. operates as a silver exploration company in Mexico. The company's flagship property is its 100% owned Guigui Property, which consists of 7 concessions covering an area of 4,553.7034 hectares located in Chihuahua, Mexico. It also explores for gold properties. Reyna Silver Corp. is based in Toronto, Canada.
- We expect a boom in silver and the Mexcian peso in the nearest future.
- We are very excited about opportunities in the commodities sector, as we believe a macro turn is approaching in the nearest future.
- Technically in a Wyckoff accumulation structure with a spring, possibly testing the channel top.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
Metals - FVANModel has given entry signals for First Vanadium Corp.:
- First Vanadium Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada and the United States. The company's flagship property is the Carlin Vanadium project, which comprises 150 unpatented mineral claims covering an area of 2,608 acres located in Elko County, Nevada. It also explores for copper, silver, and gold minerals.
- Vanadium is critical in basic materials.
- We are very excited about opportunities in the commodities and basic materials sectors, as we believe a macro turn is approaching in the nearest future.
- Technically in a bull flag at the end of a Wyckoff accumulation structure with a spring, possibly testing the channel top.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
Metals - VONEModel has given entry signals for Vanadium One Iron Corp.:
- Vanadium One Iron Corp. explores for base and precious metals in Canada. It holds a 100% interest in the Mont Sorcier iron ore and vanadium project located in Quebec, Canada.
- Iron and Vanadium are key metals for industrials.
- We are very excited about opportunities in the commodities sector, as we believe a macro turn is approaching in the nearest future.
- Technically in a cup and handle, with a Wyckoff accumulation structure on the handle, possible breakout.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
New position, MP materials LONG!After due diligence, I really like this company and it' future expansion plans and current execution.
My PT is 45-47 so there is a lot of potential with this one.
Hoping for more short term weakness to build a position (I am not expecting all my buy limits to get it, but if they do, even better. After position has been built, I'll let them roll until PT is hit.
What do you guys think of MP materials?
Seeing it from a risk-reward perspective for the long-term I am really liking this company!
Let MARA come down, then buyI watched a very encouraging interview that CEO Merrick Okamoto did, and I must say I am pleased with the direction that this company is heading.
After the rip from yesterday, we now know that retail investors are prepared to break all-time highs, without the same-day regression.
I love this company long, so I will be buying once my first support limit is triggered, and again at low support.
This stock is highly tied to the price of bitcoin, so if you think that is only going up from 58k, buy now!
If you like the concept of bitcoin mining, nobody in North America does it at this scale.
My personal belief is that Bitcoin needs to come down below 50k in order for the market sentiment to shift on the 50-60k level. People need to realize that it's either worthless or worth a hell of a lot more than 58k.
This stock will break the $100 level again in the next 3 years. If you want a long-term hold that you don't have to look at every day (you may stress yourself out), then hold this.
Let it come down and then I recommend having a close look, or buy now and enjoy the profits long-term.
*Not a financial advisor.
**Don't judge me on my winners. Judge me on my losers, because there are so few.
Energy Fuels $UUUU setting up for a breakoutEnergy Fuels $UUUU setting up for a breakout. I expect prices of around 7USD by end of march.
WPM - It's Do-or-Die TimeFor WPM , it's getting very close to do-or-die time.
A break above the red resistance range (with at least one daily close) would be SUPER bullish for WPM and the whole precious metals sector. However, should WPM break below the green support range (with at least one daily close), we would expect a lot more downside pressure to come to the precious metals sector. Which direction will it be? Are you prepared?
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BNNLFThis stock is a uranium micro cap miner out of Africa, I been following them since last year when I watch some YouTube videos and the video Vlogger highlighted BNNLF as a great LT buy & Hold.
And so far he has been right this stock was .01c last year & n ow looks to be heading towards .25c
Recent gold moves resemble the 2012-2013 topWith bonds rallying a bit, it's possible we will see gold break upward out of its recent downtrend. I can't help but compare gold's recent moves to the 2012-2013 top in gold. We look to be making a very similar pattern, but on a compressed time scale. Long term this comparison implies that gold will move downward from here, but short term, if the comparison holds, we could see a rally through the first resistance line to at least make a test of the second resistance line.
Personally, rather than buy gold directly, I've bought some Barrick Gold. I figure if I'm going to bet on gold, I might as well get a stock with a dividend. (I'm also just better at placing valuations on equities than on metals, so I usually prefer to bet on metals indirectly by buying stocks.) I should note that buying miners works a little differently than directly buying metals, because geopolitical events that are good for gold are sometimes bad for miners because they negatively impact production. In any case, Barrick has been in a downtrend along with gold, and may also make an upward break through resistance:
I have bought in anticipation of a breakout, but another way to play is to set an alert on the resistance line and buy after a breakout has occurred.
