Mine it, Extract it, or Grow it. Value & Invest in it. Not trading advice. All trades are virtual. DO NOT FOLLOW MY FAKE TRADES. I AM NOT A FINANCIAL ADVISOR.
Joined January 2020
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seethetrees retweeted
🚨 B2GOLD (BTG): THE OPPORTUNITY WE FLAGGED IS STARTING TO WAKE UP
Some time ago, we pointed out that B2Gold, at the prices it was trading at, represented an exceptional investment opportunity.
Today, while much of the mining sector is once again under pressure, BTG is up more than 3% and is beginning to show relative strength.
But the really interesting part is in the chart.
My Elliott Wave analysis, comparing B2Gold against GDX, XAU, and even SIL (silver miners), points to a surprising conclusion:
B2Gold could outperform even the silver mining sector during the next bull market.
The BTG/SIL chart shows a long-term corrective structure that may be approaching completion, while momentum is beginning to recover from extremely depressed levels.
We still need technical confirmation, but the first signs of a potential trend reversal are already emerging.
And here's the important part: I believe it's still not too late to take a position in B2Gold. The opportunity may be far from over.
The market may finally be starting to recognize what valuations have been suggesting for quite some time.
#B2Gold #BTG #GoldMiners #SilverMiners #ElliottWave
GOLD SILVER - green -
🚨 BIGGEST SINGLE-DAY WIPEOUT IN US STOCK MARKET HISTORY
$2.8 Trillion has been wiped out from the US stock market today so far, the largest one in history.
Previously, the largest single-day wipeout was of $2.69 Trillion during the Covid crash.
Readers added context they thought people might want to know
The US stock market has lost over $2 trillion today. For comparison, roughly $3.5 trillion was erased on March 16, 2020. finance.yahoo.com/markets/live/s… marketwatch.com/livecoverage/s…
THERE IS AN ALTERNATIVE !
The great rotation, finally.
Gold $4,103 +1%, Silver $52.35 +0.5%
$gdx 85.79 +1.5% $sil $SILJ $GDXJ
& $b $NEM $AEM all green after huge +8 to +10% days yesterday.
seethetrees retweeted
Dot-Com Crash 2.0 - Intel $INTC
2026: -58% / 24 days
vs
1999: -53% / 27 days
*Trading days.
seethetrees retweeted
And there, my friends, is the "motive."
POLAND: The recent attempted coup in Poland was all about money and power. The EU wants Poland to adopt the euro, but its president has resisted the effort. The fact is that Poland has more gold than the European Central Bank - 632 tonnes versus 506 tonnes. If Poland adopted the euro, it would have to transfer much of the gold it holds domestically to the ECB in Frankfurt, Germany.
seethetrees retweeted
Agnico Eagle gained 9.7% Wednesday. The margin math explains about half of it.
Q3 margin per ounce: $4,264 realized minus $1,648 AISC = $2,616.
A 3% gold move adds about $128 an ounce. That’s about 5% on the margin.
The stock moved roughly twice that.
The other half is positioning. A week ago, Agnico closed at $165.38, 35% below its 52-week high.
Wednesday it closed at $183.45, 10.9% higher than Friday.
When a stock moves twice what its margin math says, the market is repricing sentiment, not just earnings.
$AEM
B2GOLD - becoming cash machine -
$btg 5.11, MCAP $6.7B, $1 Billion+ FCFop/yr soon. 15% yield. Avg price Q3 4289. Buy Back just started. Gold currently 4126. What happens @ 4.5k, 4.75k+ & Goose fully ramped & Fekola regional contributing?
Still top 3 position. $BTO.TO SIT TIGHT
Super Strong quarter from $BTG including reduce full year AISC and the continued successful ramp-up at the Goose Mine 📈
seethetrees retweeted
Precious metals: While energy prices have slumped, precious metals have emerged as major winners following the US elections. The powerful combination of falling energy prices, easing inflation and interest rate concerns, and declining Treasury yields and the dollar has forced recently established speculative shorts to cover. Over the past two months, ETF investors absorbed much of the #gold selling from hedge funds, which have now returned to the buy side amid an improving technical and fundamental outlook.
Gold has broken through several resistance levels, including the downtrend from August at USD 4,032 with the next major hurdles at USD 4,186 and USD 4,225. Some consolidation appears likely first, not least because the oil price slump has so far been driven more by hopes of a Middle East peace deal than tangible progress towards one.
TRANSOCEAN - converts explain some of short -
75 million shares of 312 M can be related to $3.44 debt convert . But not all shorts are equal. Some are not debt-convert hedging. $rig option stack has also been played for years. All this gaming will end soon, with big move higher.
IVANHOE - wow ! -
$IVN.TO 7.78 -1.10 (-12.33%)
copper recently touching ATHs , and despite all Robert F. marketing, this is a seriously underperforming stock of "copper critical" metal narrative. I BTFD. Added holding my nose.
seethetrees retweeted
Literally no one credible can explain this chart without some sort of hidden hand.
Government buying overall remains shockingly high and Chinese #gold imports year-to-date have totaled a mind-bending 1/3 of the quantity Fort Knox held in the early 1970s
India now buying too
