Goldtent TA Paradise

Relentless

1. Buck says:

   March 8, 2024 - 8:35 am at 8:35 am

   So far so good 🙂

   Luckily I bought few positions on Friday when move started. I’m still on a fence about the move. I’m waiting on a pull back to see the volume. I would like to see lighter volume during pull back. Also it will be interesting to watch ~ 2200. It wouldn’t surprise me, if gold breaks 2200 then pull backs. Will gold came back down? Double bottoms are statistically more often occurrence than V shaped bottoms.

   Lots of unknowns, but hoping for the best. If this wasn’t bottom, it should be during this year anyway. Once general markets start with correction, it will be interesting to see what then miners will do. At that time, sometime during the pull back, will probably be the time to finally load up on PM’s.

   But if last Friday was the day, I can live with that too 🙂

   P.s.
   Yesterday looked like uranium may be ending with correction? Wouldn’t hurt my feelings at all 🙂

   https://stockcharts.com/freecharts/candleglance.html?CCJ,KAP.L,NXE,SRUUF,PALAF,UUUU,DNN,UEC,YLLXF,LEU,GLATF,BQSSF|B|0

   • Fullgoldcrown says:

     March 8, 2024 - 9:13 am at 9:13 am

     U is even more volatile than PMs as you know Buck

     Can break your heart and your bank account but also can go nuckin futz

     GL

     • Buck says:

       March 8, 2024 - 9:45 am at 9:45 am

       It is all about, how lucky you are getting in. 🙂

       I had buy order at $0.05 for this one:
       https://stockcharts.com/h-sc/ui?s=EXNRF&p=D&b=4&g=0&id=p63613621064

       It hit that price twice, but of course I didn’t get any shares. It would have to get few cents lower for me to be assigned shares. If I would get them, yesterday, intraday I would almost have double in about two weeks. Just show you how someof these juniors got really depressed and oversold. If by any chance Excellon comes back down, I’m willing to offer couple more cents next time 😉

       Uranium is nothing to worry about, no matter how nuckin futz it may move from time to time. For next couple-three years (maybe more), there is supply mismatch. Looking short term ahead, next few years, production is way bellow demand. Until this balances out, uranium will be moving 2 steps up and one step down (just to irritate investors). But overall trend will be up.

       At last bull market, when uranium hit 147, there was no shortage of uranium, just panic buying from utilities. This time there is shortage until enough developers come online. And looks like most are delaying start of production or current producers are reducing future production outlook. Ouch! While more and more nuclear plants are being build or being planned to be build. Ouch 2x!

       I’m looking forward when we get panic buying again. It is coming, no doubt about it. And then, we will really see those nuckin futz moves! It will heal all my wounds I got by playing miners few times too early 😉

       • Fullgoldcrown says:

         March 8, 2024 - 9:58 am at 9:58 am

         YOU Know your U Buck 🙂

         Speaking of panic buying …Gold

         Wild swings today