Gold: Something Ought to Happen Soon
Given that gold looks to be consolidating (getting squeezed) in a pennant right now it shouldn’t be long before we see some real action, up or down:
Continue reading » Tag: Technical Analysis
Chart of The Day
Novo chart seems to be in the maximum fear territory (like 2017) and potentially making an inverse H-S formation (like 2017). Not investment/trading advice, just interesting…
Continue reading » Don’t Get Fooled by The Noise!
NOTHING has happened for Novo, LIO or majority of juniors, in terms of company specific reasons, that would warrant the big red candles today. It’s just sentiment/technicals tied to a declining gold price at work! Depending on the liquidity there could be one seller responsible...
Continue reading » Novo Resources: What I see, chart wise
As some people know I was hoping that Novo would stay a bit subdued until I could free up some more money but I gotta say that the chart is starting to look a bit scary for anyone who has been hoping that Novo would...
Continue reading » Chart of The Day: Novo
Just an observation of some chart similarities between now and 2017: … Now a zoomed in view of the indicators, just to show how similar they really are: The BBW indicator which measures volatility has only been this low one other...
Continue reading » Novo: Hourly Chart
Silver: Interesting Setup
Last week I bought a small amount of Bull Silver certificates because I think the white metal is at a very interesting spot on both the short term (Hourly) and medium term (Daily) charts: Short term (Hourly candles) Medium term (Daily candles) ...
Continue reading » Charts of The Day: Revisiting NVO & IRV
As I stated in yesterday’s “Charts of the Day”, both Novo and Irving looked fragile in the short term. Well, within 24 hours both had corrected a lot. All the way down to levels which I thought were too good pass on, thus I started...
Continue reading » Charts of the Day: KL, PG, NVO, IRV, MONT
A quick look at some charts for companies that I own to a large or small degree: Kirkland Lake (KL.TO) Log chart: … We can see that it bounced but then proceeded to break the black support line, which of course was a...
Continue reading » Chart of The Day: Novo Resources
It’s getting tight… … Looks overall bullish to me.
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