Gold inverse head and shoulder monthly chart
Inverse head and shoulder pattern playing out on the monthly gold chart. Remember this is a monthly chart and it takes time to play out. Last time it happens gold rallied allot. If the upper support breaks we can expect a target of 2500.
Miners are really undervalued and are leveraged for enormous cash flow and profit if gold price rice.
The difference this time is that the world is buying gold and not dollars to have reserves, rather then US treasuries. That combined with lower or stable inflation and lower or stable energy prices, then gold miners have a perfect lottery for positive balance sheets.
My favorite Gold/Copper stock that is extremely undervalued and where BHP took a massive stake recently because of ongoing drill success is
Brixton Metals Corp, symbol: BBB
trades on Canadian exchange.
Disclaimer, i own stock with shares.
Miners are really undervalued and are leveraged for enormous cash flow and profit if gold price rice.
The difference this time is that the world is buying gold and not dollars to have reserves, rather then US treasuries. That combined with lower or stable inflation and lower or stable energy prices, then gold miners have a perfect lottery for positive balance sheets.
My favorite Gold/Copper stock that is extremely undervalued and where BHP took a massive stake recently because of ongoing drill success is
Brixton Metals Corp, symbol: BBB
trades on Canadian exchange.
Disclaimer, i own stock with shares.
Comment:
First stop on the train station 2100ish
