PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI), LLOYDS BANKING GROUP PLC ORD 10P, FLYBE GROUP PLC ORD 1P, INTEGUMEN PLC ORD 0.01P, VAST RESOURCES PLC ORD 0.1P, PHOTONSTAR LED GROUP PLC ORD 0.01P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Gold has broken the downward resistance line indicating an upleg up in Gold and Miners.
GDX VANECK VECTOR stands in front of a large rise. Your exchange rate can practically doubled. Therefore, gold miners' stocks are a good investment. The exchange rate increase can be achieved by building a triple wave structure. The first correction can start at 29 usd levels. Its size is 0.25 D1 ATR. Next, the second wave structure could be built with a target...
Gold miners are rising? The ETF technical image of GDX Vaneck Vector Gold Minners shows this. GDX's price began to build a rising three-wave wave structure. This equally starts as a correction of a long decreasing trend back. Low D1 ATR decreasing volatility. If the exchange rate is capable of building a full three-wave structure, it can predict a more steady...
Gold mining shares have not been this undervalued relative to the price of gold in 9 years! The price of gold has just recently broken out of a 6 year downtrend. Buying gold miners at this low point in their valuation might be a good way to leverage the price of gold higher and maximise returns!
Sideways wedge pattern breakout will determine the longer term trend. Seeing the bull market in industrial metals, high chance of breaking up. Wait and see for confirmation.