The Harmony Gold Mining (HMY) Daily Diagram Technical Analysis Training shows the following: The (HMY) share reacted yesterday making a bullish engulfing that we expect a confirmation today. Yesterday, at the end, almost all Gold Mining Shares turn upside. RSI is oversold. MACD is bearish. The share is under the KUMO, the Kijun Sen and Tenkan Sen too...
JNUG has been in an ascending price channel since near the beginning of June. As of 7-23-14 12CST, it is nearing the bottom of that channel. Currently indicators such as EIS, PSO, BB Impulse, MACD (see indicators underneath price chart) indicate downward price momentum. However, there are some indications that some of the indicators could reverse. Should the...
This chart shows the year to date performance of gold vs gold stocks. We see that gold stocks of all kinds have outperformed gold itself. GDX is an ETF of larger, more established miners; GDXJ is an ETF is an ETF of junior miners. RGLD, SAND, and FNV are royalty stocks, which are basically firms that invest in other mines in exchange for a share of their output....
I similar to many people, feel we are close to a pinch point where the true value of bitcoin is shown to be going up or down. This is my analysis of how we have got to today and where we're headed.. Short term down another leg but long term up.
Overall most of the indicators point to the fact that we are not breaking the trend. There is SOME volume, but not volume the way we saw in the bubble. If anything it's volume that supports price stability around this range, however I think selling could be imminent. The same pattern of volatility has taken place all the way down the trend line in respect to the...
Short until June.... It's the reality of the market right now. Low demand, China news, increasing difficulty for miners with dropping prices, regulation... these are all negatives for the currency. KnCMiner will be releasing their Scrypt ASIC miner entitled the "Titan." It is my belief that many of it's first adopters will begin mining with their gear on...