{"id":438692,"date":"2019-01-09T12:36:37","date_gmt":"2019-01-09T17:36:37","guid":{"rendered":"https:\/\/goldtadise.com\/?p=438692"},"modified":"2019-01-09T12:36:37","modified_gmt":"2019-01-09T17:36:37","slug":"sibanye-stillwater-gold-and-palladium-miner-setup","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=438692","title":{"rendered":"Sibanye-Stillwater: Gold and Palladium Miner Setup"},"content":{"rendered":"<p>We&#8217;ve seen that <a href=\"https:\/\/goldtadise.com\/?p=438568\">Palladium is close to achieving parity with Gold<\/a> and may surpass Gold&#8217;s price soon. <\/p>\n<p>Here&#8217;s a possible play: Sibanye-Stillwater (SBGL), a miner which is a top 10 Gold producer and the #3 palladium producer globally. <a href=\"https:\/\/en.wikipedia.org\/wiki\/Sibanye-Stillwater\">Wiki link<\/a>.<\/p>\n<p>Benchmarking this stock against my favorite index, the Nasdaq 100, reveals a bullish cup and handle reversal pattern under development. In October 2018, the SBGL:$NDX ratio broke out of a 2+ year downtrend that began in August 2016. The breakout and subsequent backtest are forming the handle of a possible cup and handle reversal pattern. A similar cup and handle pattern in the ratio was observed in the second half of 2015, before a breakout which sent the price of the stock from 6 per share to 18 per share in 2016.<\/p>\n<p>Possible upside: Say the ratio broke upwards above the current cup and handle. If the ratio revisits the 2016 peak ratio of 0.0040 and Nasdaq 100 remained static at 6600, this implies a target price of 26.40, which is 780% greater than SBGL&#8217;s current price around 3.00<\/p>\n<p>I like the technical setup here. Adding to my watchlist for a possible long trade. Beware any geopolitical risks associated with investing in a miner based in South Africa. -Harry<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/01\/SBGLNDX-800x800.png\" alt=\"\" width=\"640\" height=\"640\" class=\"alignnone size-large wp-image-438693\" srcset=\"https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/01\/SBGLNDX-800x800.png 800w, https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/01\/SBGLNDX-150x150.png 150w, https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/01\/SBGLNDX-300x300.png 300w, https:\/\/goldtadise.com\/wp-content\/uploads\/2019\/01\/SBGLNDX.png 850w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We&#8217;ve seen that Palladium is close to achieving parity with Gold and may surpass Gold&#8217;s price soon. Here&#8217;s a possible play: Sibanye-Stillwater (SBGL), a miner which is a top 10 Gold producer and the #3 palladium producer globally. Wiki link. &hellip; <a href=\"https:\/\/goldtadise.com\/?p=438692\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2894,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-438692","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/438692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2894"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=438692"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/438692\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=438692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=438692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=438692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}