Goldtent TA Paradise

GDX Weekly… Big move in the PM stocks today. Many have advanced more than 5%

1. Strider says:

   June 2, 2022 - 3:15 pm at 3:15 pm

   No doubt a plot by Putin to drive up the value of Russia’s massive PM holdings, so he can engage in more raping, plundering, pillaging and other barbarous behaviours. Is there no end to this man’s villainy?

   • JSKauai says:

     June 2, 2022 - 3:33 pm at 3:33 pm

     Russia is among the top producers in precious metals, knowing that what the chances that the “good guys” will allow this rally to gain momentum?

     • North says:

       June 2, 2022 - 3:44 pm at 3:44 pm

       $GOLD WILL STILL BE PERFORMING AFTER THE WEF AND PUTIN ARE LONG GONE.

       • silverboom says:

         June 2, 2022 - 3:46 pm at 3:46 pm

         You didn’t have to shout 😉

         • North says:

           June 2, 2022 - 3:48 pm at 3:48 pm

           So the almost deaf will hear. The thing started off in capitals and I said to meself, what the hell, shout for once. 🙂

2. Gold Learner says:

   June 2, 2022 - 3:57 pm at 3:57 pm

   Sir North,
   Any targets for FCX? I got lucky and picked some at 35.96 on 5/9/22.

   GL

   • North says:

     June 2, 2022 - 4:14 pm at 4:14 pm

     GL,short term 42.5 where it might consolidate and then 46. Good luck.

     • Gold Learner says:

       June 2, 2022 - 4:47 pm at 4:47 pm

       Thanks Sir North.
       Very conservative targets, I must say. But would not hurt to take some partial profits off off the table at 46.
       My earliest buy is at 48.42 back in March.

       Let’s see what Dr. Copper has in mind.
       Even though US economy may see some recessionary headwinds (many saying we are already in a recession), the Chinese reopening may add fuel to the inflationary fire theme for the next few months.
       I am dreaming of a new 52-week high in FCX.

       GL

       • North says:

         June 2, 2022 - 5:44 pm at 5:44 pm

         GL,

         I looked up the longer-term targets on the weekly chart and got 50 and 58.

         • Gold Learner says:

           June 2, 2022 - 7:47 pm at 7:47 pm

           Thanks Sir North!
           I’m in no hurry to sell, this time around.
           Many PM juniors, I have sold too early, and many times I was right. BKRRF, ANXGF are prime examples.

           I had such strong conviction on buying FCX, that I sold SNWGF partly, realizing 66.6% short-term gains, and did not add more cash to buy FCX.
           Definitely regret that decision, and having to sell SNWGF early was not easy either, though it did crash to 60 cents or so soon after.

           05/09/2022 11:09:58 Bought 23 FCX @ 35.9599 -827.08 0.00 0.00

           05/06/2022 15:34:24 Sold 1148 SNWGF @ 0.7473 850.80 6.95 0.15

           This time feels different, the move since 5/10/22 – 5/12/22. And FCX is not just a copper play. PM too. Some rare earths too.

           I think “they” have done their job to shake off a LOT of PM bulls.

           Be right and sit tight, but always take partial profits.

           NSRPF has taught be the best lesson ever.

           GL