Why Fibonacci is your friendHard to find a better example of the value of checking your Fibonacci levels on the way downby mudguts222jb0
Sandstorm Gold Ltd. BullishSandstorm Gold ( NYSE:SAND ) stands to gain significantly from the surge in gold prices. Despite accruing substantial debt to acquire new assets in 2022, currently bearing interest rates of 7-8%, this has cause downward pressure on the company's stock . However, the recent appreciation in gold prices offers a silver lining, enabling quicker debt repayment and initiating a buyback program. This overlooks the possibility that falling interest rates could substantially ease debt repayment obligations. Furthermore, the newly acquired assets promise additional revenue streams, bolstering debt repayment capabilities and buyback initiatives. Investing in Sandstorm Gold can be viewed as a leveraged play on gold, potentially yielding higher returns compared to holding physical gold alone. Yet, it's crucial to note that any downturn in gold prices could spell trouble for the company's share price, exacerbating its debt concerns. In essence, Sandstorm Gold resembles a low-cost, at-the-money call option on gold. The blue arrows marked my entry points and 4.72 is my avarge price/share.Longby Marcos_Camacho2
Gold royalty streamers oversoldAs a group, gold royalty streaming companies reacted negatively to the drop in gold price on February 13, 2024. This movement was triggered by US CPI for February printing slightly higher than expected by consensus, on the index and also MoM and YoY readings. Reaction was an immediate spike in TVC:DXY and commensurate selloff in FX_IDC:EURUSD . This dragged risk assets down, with equities markets getting hit. TVC:GOLD also lost more than 1% in lockstep reaction. The opportunity here is in the unwind of yesterday's outsized movement amongst the gold royalty streaming companies as a group. While some have performed better than others over the past year, they were all punished on this move. Typical drawdown was 10% on the day . For consideration: A) a short term buy of one of these names and holding to pre-CPI price level, or B) a longer term entry for those with a bullish view on gold and appetite for leveraged exposure and desire for dividend income.Longby StrobeT110
Head And Shoulders TopHead And Shoulders Top The head and shoulders pattern forms when a stock's price rises to a peak and subsequently declines back to the base of the prior up-move.Shortby genechoco115
Missed on financials, Expected betterHopefully, bullish sentiment in metals will carry this. Bit of a miss here on financials, expected better performance, falls short, not a total miss, but definitely falls short. Future looks good, but this might be oversold short term, I'm looking for a pull back and sellers unless the market carries this. Good luckby tb19643
L/S Sandstorm vs. Principal Gold ComponentsSandstorm vs. Principal Gold Miners (ex. Vale and Glencore), unweighted, outperforms GDX by jhm_0
L/S Sandstorm vs. Principal Gold MinersSandstorm vs. Principal Gold Miners (ex. Vale and Glencore), unweighted, underperforms GDX by jhm_0
LONG GoldI'm looking to get into SAND December calls. ~Gold Is looking really good and going off of past history, end of November is a big run for gold and silver. ~SAND has a nice looking inverse Head and shoulders going on. ~SAND also bounced off of the long term support 8 Bucks is my PT, as that will have the most resistance. I will also be watching if it breaks out above the resistance line.Longby CheckMatted113
SAND looks good over 7 resistance👻sand recently saw a bounce off bottom trendline resistance, now ready for a move higher now that this short term bottom is in. look for a break over 6.9-7 before the next leg up! price targets:7.42/8.17/8.92 after breakout confirmation Longby Vibranium_Capital15
SHORT SAND?In a long-term downtrend, looking for a short if price goes up to a certain level.Shortby hsp44443
Long here $SANDI believe the short term downtrend has broken and also a clear bounce off the fib retracement. Profit taking is from 8 to 10 dollars in coming weeks. Longby rishi82Updated 3
SAND - I like the possibilityThings look constructive against the low. If it breaks the trend line, we probably will see one more low. Longby Successful_Inv_Strategies222
2021-03-27 Sandstorm 1D - longPrice has broken downward trendline on daily chart. Price is reacting off of 61% fib retracement of last leg up on weekly and monthly charts. Price is reacting off prior resistance (peaks) on weekly and monthly charts. Price is back testing downward trendline on daily chart. Looking to go long at this level and on break above last peak on daily chartLongby mmjotic1
Gold continues consolidation phase. Ratio Trading.As Stated in the Video...Enjoy!!!10:08by GoldAddict117
Long SAND Jun18'21 7 CallExpecting bounce from extremely oversold weekly and daily levels.Longby jerryas1
Divergence Detected on shorter time frames Should run around Feb 8th give or take. Longby playerprice112
Silver Technical Analysis...My Recent Mining Stock BuysAs stated in the Video...Enjoy!!!Long20:00by GoldAddict334
Sandstorm- A Golden Kool-Aid man2020 Revenues = Record 93 Million. That's with several mine shutdowns due to covid. I believe most if not all of those mines were restarted due to being declared essential businesses! Gold started 2020 at $1,525 and rose to $1,800 USD in July. Was in a range of $1,800 to $1,900 the last 6 months of 2020. Sandstorm is about the same price now ($6.99 USD 1/11/21) as it was in January of 2020 with gold/silver/copper at much higher prices, no debt, and lots of cash on hand.(100 mil?)! 2021 should be a another great year for Sandstorm which now has ZERO DEBT to my knowledge. If gold stays in range of $1,800 to $1,900 without any mine shutdowns they will easily break another record. However If Silver/Copper can continue to rise and gold break above $2,075 USD then Sandstorm is going to smash through previous records like the Kool-Aid man. Longby BlaufussBullion0