Loading ...Four Horsemen of the Gold Bull Market- Locked and loaded.
Twitter: @BurtCoons
From this point forward I am assigning the title to these 4 stocks…4-Horsemen of the gold bull market
FNV – GOLD – NEM – WPM
Why these four stocks? Because they are big and they are all ready to rock right now. This is what we like to see.
1. All 4 above a rising 30 W EMA
2. Stochastics headed up above 20 with plenty of room to run
3. OBV upward configuration Joe Granville would be proud.
4. RSI midrange with plenty of room to run before limiting the move.
The kindling has been laid. All it is going to take is a spark to ignite it. The spark is a break out in gold. Gold’s measured move runs to $1980. These 4-Stocks will wake up the investment world
I’ll go to war with these guys. Where do I sign up?
Just for kicks, I will take the other side of this trade. These 4 precious babies will get thrown out with the bath water once the SHTF (soon).
Can you be more specific?
I think traderscott is implying that PM stocks will go down with the general stocks in the next leg down
TBD
It certainly could. It did last time, however I am trading what I see here. Price above a rising 30 W EMA is an investing principle. Maybe its telling us that the initial knee jerk decline was yesterday’s reaction not tomorrows.
One thing for sure there are NO other stocks anywhere … so close to their highs ….in any sector !
I’ll ride these over anything else.
Great Picture too
That is probably to their disadvantage, unfortunately, but I’m still onboard because I’m not mentally fit for anything else. I think that makes me insane, thinking that after doing the same thing over and over this time will have a different outcome.
That was funny, Marcusjames!
Good debate.
If you have to pick ’em, those aren’t bad choices.
But I’m with Scott, to a point.
To me, “soon” means before the end of April. As and as soon as next week even.
Mike Liebowitz put it pretty clearly yesterday … we’re shifting from a focus on liquidity to one of insolvency (systemic).
So back to liquidation and margin calls and throwing out the horsemen. Like it or not.
Hopefully, timing gets clearer soon. The more bearish EWers are looking for a LARGER wave down next. (wave 3) Nothing to scoff at.
HCQ and Zinc might save our bodies, but our Finances are in Deep$#!+
Thanks Plunger. I’m watching my own set of around 6 of the bigger names. GDX/GDXJ seem to be all over the place, so I prefer the individual miners. The frailties of ETF’s are showing themselves.
Barrick was at 6$ in mid 2015, 200% up since then, not bad for a large cap. Going forward these big players will be very profitable and having pipeline of long live big mines these names will attract most of investor money. Even if you pay 10-20% more for GOLD/NEM vs other names like AUY/KGC/BTG, in the long run this will be compensated by better deposits and cost profiles.