Seems agricultural commodities are set to boom with most forming saucer bottoms. In that environment, demand for fertilizer should also increase which explains the same formation in this chart. This is a core position in my portfolio and will be holding it long term. nice 6% dividend and good diversification away from my other resource stock investments in the americas.
just waiting for $30 silver to break out
could have a huge deflationary bust during this precious metals bullmarket if/when the big tech stocks lose momentum. The one thing that is certain is that there will be volatility! #endthefed
Hoping for a daily and monthly close at or above these prices for continuation of the upwards momentum. Already long here on AG, EXK and SILJ calls but waiting for more confirmation before full position size. For the Elliot wavers I would hope this entire move is the 1st wave and now the 3rd of 5 is about to begin.
A pure unadulterated ratio, no trashy cash here.
bullish bias so far, miners are suggesting a move up also
Risking it for the biscuit: - Rejection from .5 Fib. - Looks like a bubble if you zoom out. - Stock buy-backs have stopped. - Bearish retest of Micheal Oliver's 36 monthly MA. - Massive unemployment. - Long weekend coming up, who knows what more sad news we might get on the pandemic. - Sentiment turning bullish as people consider a 'V' recovery.
I think if we even drop below this box in the slightest then holy crap!