Goldtent TA Paradise

FNV Daily Breakout. Looks like time for bears to cover their shorts.

1. Kewl2 says:

   July 29, 2021 - 1:45 pm at 1:45 pm

   FNV has been strong for many months. Even on this dip it barely kissed the 50 DMA before breaking higher.

2. Gold Learner says:

   July 29, 2021 - 1:53 pm at 1:53 pm

   Sir North and Sir Kewl2,
   I have always felt that credit should be given where credit is due.

   Graddhy deserves it.

   https://twitter.com/graddhybpc/status/1379849190055014402

   “When markets does a trend reversal, it is vital to also change the mindset. One can not trade a bull with a bearish mindset. If you constantly doubt the bull, you will not be able to change mindset. You have to believe in the bull or you end up being a victim of the wall of worry.”

   For the below tweet, also from Graddhy, I do not have the link, but I archived the text.

   “One needs to have confidence in the precious metals bull in order to play it right. If you do not have that, you risk messing things up. And confidence comes from knowing the macro fundamentals and from understanding the price movements.
   COMPREHENSIVE ROADMAP GUIDANCE is vital.”

   GL

   • Fullgoldcrown says:

     July 29, 2021 - 2:12 pm at 2:12 pm

     I think This analyst is a broken clock

     It’s one ting to have faith …but quite another to just sit there and lose all your capital…over and over again

     Never have been impressed with this approach to PMs

     permabulls LOSE money…period

     Must trade PMs not buy and Hold

     Buy and Hold Phys…yes but the stocks ? Pathetic idea

     • Gold Learner says:

       July 29, 2021 - 2:23 pm at 2:23 pm

       I respectfully disagree, Sir Fully.

       I’m sure Graddhy trades too, just like I do and you do 🙂

       What I find correct about his advice is that one should never sell fully (pun intended) and be on the sidelines with cash waiting to get back into PM miners. The question is : do you trade a larger position or hold a larger core? Did many sell their core PM miner holdings during this downdraft? I bet they did. Does Graddhy recommend selling all? No he doesn’t.

       https://twitter.com/graddhybpc/status/1419943983040638978

       “I think this massive purple inverse h&s is for real. The move is coming. In a bull, miners outperform metals. It looks to me like we have recharged some energy in this chart now with the latest drop in miners+metals.”

       GL

     • Plunger says:

       July 29, 2021 - 2:36 pm at 2:36 pm

       I’ll weigh in here. I avoid personal criticism of members. I will challenge the content with a developed argument but avoid personal comment. But I will make an exception with Graddhy. He’s dangerous pure and simple. He is indeed a permanent bull. He has learned how to spin a good story and draw pretty lines on charts. But follow him at your own peril. He suffers from the ultimate flaw of investing. That of course is pride of opinion. It’s because he is an outright narcissist. I know these are harsh word, but I recommend heading them. Only one “analyst” out there is more dangerous. Bo Polny, he’s outright deranged, but it’s pretty easy to recognize it.

       I regret having to write these words, but I feel compelled to.

       • Gold Learner says:

         July 29, 2021 - 2:59 pm at 2:59 pm

         Thank you Sir Plunger.
         My alias is Gold Learner. And today I “learned” some “golden” advice.

         GL

     • Karl says:

       July 29, 2021 - 2:37 pm at 2:37 pm

       That is right, for sure, other than maybe a core (depending on the person, situation), although I suppose if one has to hold one permanently it might be FNV. But fooey on the permabull stuff.

       As those who live away from the equator should know all too well, all it takes is for the sun to pass behind a cloud when it has been cold for too long…

       …

       FNV, KL, WDO/WDO(WDOFF) have all been behaving awfully well within narrow Bollinger bands<–often a great sign. RGLD, WPM not so bad either. On a 1 yr daily chart WDO has had such a nice cup-like appearance too! With the limited free cash for the most part I've had I have had a hard time convincing myself to put my $ in much in the way of tiny ones when these are around. (My largest holdings actually).

       …

       With FNV, WPM in particular people can see them as gold stocks, as generic PM stocks, as commodity stocks, as new energy stocks, even as something like banking stocks. They go up and down too much with herding money managers' whims, but there are many different excuses for the managers to use to buy them. And I don't have to pay attention to mine details etc. Not too bad.

     • Plunger says:

       July 29, 2021 - 2:38 pm at 2:38 pm

       Must trade PMs not buy and Hold

       Buy and Hold Phys…yes but the stocks ? Pathetic idea

       Spot on Fully

       • Karl says:

         July 29, 2021 - 4:41 pm at 4:41 pm

         I think one can never say never. Apartment dweller in nasty neighborhood nasty authorities ((redundancy?) or moves from place to place in RV, bad memory, loses maps, forgets or loses passwords and codes. Maybe FNV RGLD NEM or whatever your pick in small doses is ok. Maybe not hold forever but then maybe not live on this earth forever in current form.

         Aunt had Au buried all over on her property. Heirs could not find some or all of it. (or did they????)

3. North says:

   July 29, 2021 - 2:23 pm at 2:23 pm

   FNV is telling us to spot the dominant trend and be patient.