Fear not, change is on the way.
At least by mid Sept.
And while that’s still a few weeks away, my charts don’t expect major price movement in SPX or PMs over that period.
Probably more like whipsaws ahead of new rally highs and breakdown lows, respectively.
Miners continue to post BAD results, see KGC today. You can only make money in this market by being very selective and avoiding too large companies. Although BHP and RIO are doing great, in gold mining big means losing money, even AEM has problems with increasing costs, so far only BTG, EDV, TGZ, AUY and some others posted good earnings. Even some Australian names like RRL are impacted by higher costs. Imagine what will happen next quarter with gold price at $1200, losses everywhere?
Yay, cash! Sitting on way too much cash right now. 🙁
I got a rash from sitting on my cash.
Fear not, change is on the way.
At least by mid Sept.
And while that’s still a few weeks away, my charts don’t expect major price movement in SPX or PMs over that period.
Probably more like whipsaws ahead of new rally highs and breakdown lows, respectively.
Uranium doesn’t suck
it’s building strength…building cause… in an early uptrend and still fully hated. That’s how I like to buy em and put em away
https://stockcharts.com/h-sc/ui?s=UUUU&p=W&yr=3&mn=6&dy=0&id=p05155202698&a=534892521&listNum=5
BUY!!
Buy when they stop going down.
Seriously? Thanks North for reminding us of this concept!
🙂
See today’s range and moves on SHNY for reasons to stay clear of thinly traded stuff.
Miners continue to post BAD results, see KGC today. You can only make money in this market by being very selective and avoiding too large companies. Although BHP and RIO are doing great, in gold mining big means losing money, even AEM has problems with increasing costs, so far only BTG, EDV, TGZ, AUY and some others posted good earnings. Even some Australian names like RRL are impacted by higher costs. Imagine what will happen next quarter with gold price at $1200, losses everywhere?