tb1964

tb1964

Hopefully, 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 luck

tb1964

What happens here in my opinion will depend on what happens next with Bitcoin. Bitcoin has now been rejected twice at 45.5K. If 45.5K gets taken out then it's possible for a run to 52K and ANY to see $4 or so. I don't see the bitcoin chart staying anything but negative since it has broken down and more likely than not a retest of 20K is in the works. A...

tb1964

If the company values that equity at $3 that comes to around 133,333,333 new shares. I'm wondering where the $429 million down payment comes from as well? Shelf offering or private placement? 1.1 billion in vendor financing is a MONUMENTAL chunk of money to overcome for a small business entering uncharted waters. NuMiner Global is in the business of making...

tb1964

If you look at each rally from trough to peak and the resulting correction you can see most pullbacks correct back down to the fib 1.618 retracement level. This move may continue to $4 who knows? It's good news, but I'm not convinced BTC has found a floor as it has now arrived at a critical point. ANY is oversold...yes it could continue higher. The question is...

tb1964

Just my opinion...Crypto is still stuck in a downtrend, a good time to add would be around sub $20K, which puts ANY closer to $1.28 - $1.41. Just my oipinion

tb1964

with an I/O of only 63.2 million shares, all management can do here is reverse split the stock? No wonder why the slide has accelerated. Management posted that news article after the market closed so it wasn't a focus but guess what, it was noticed. Naturally, the news is not good here and in my opinion, killing what's left of shareholder value as the average...

tb1964

This area should be a strong area of support. Based on my charting, Crypto should bounce. Crypto's not done by a long shot, but certainly, bearish and the trend is down, with that said, I think there is a reversal coming, and if we get over 53K in Crypto, another shot at a top between 73K and 90K. BTC is the gorilla in the room today and will float most boats...

tb1964

Unfortunately, if 2.24 fails to hold, and at the speed, this is dropping it does not appear that it will hold, this one could go back to the pennies. Strong support has failed at every level, including $3.50 and $3.34 which should have held in my opinion but did not. Yes, it's oversold, but its continued sell-off may indicate something more substantial here. ...

tb1964 Updated 

The sell-off in gold was expected but did not expect 1850 to fail, nor see BTG down to 5.11 intraday the other day, but... we are where we are. BTG has entered into a strong demand zone and should start to move up in anticipation of gold rising into the end of the year. The bulls seem to be struggling here trying to stay above $1800 and a drop below 1795 would...

tb1964

I observed that head and shoulders chart forming and waited for it to resolve itself before taking a position here. What I have previously observed about cup and handle charts is that the handle itself can take as long as a year through consolidation sometimes. Let's see if we can start closing above these fib retracement levels. Might be enough to at least...

tb1964

Looks to continue its slide, possibly towards $3.21 or lower. Hard to find where support might wind up here? Nothing good coming out of that quarterly report for investors to bite into. Revenue dropped 41% YOY, the drawdown on their entire line of credit 29.1mil, growing debt, and the issuance of more convertible debt...not helping here. For the moment this...

tb1964

1850 gold seems to be the magic number we have to keep our eye on here. A break below puts 1795 on the table and does long term damage to the chart. Provided we get back to and stay above the key level of 1900, we should be back on track here. Normally a cup and handle chart pattern takes a long period of consolidation of up to a year to build out the handle,...

tb1964 Updated 

Huge volume here, looks to have bottomed, I would say definitely oversold at $3.96, however, let's see what happens after the bell. This could quickly retrace at least to $10.50

tb1964 Updated 

From a seasonal perspective, Gold is entering its season. There's a stimulus package waiting in the wings right after elections, an enormous amount of stimulus in the market right already. Given that the dollar is locked in a downtrend, there should, or could be a substantial rally into years end as short-sellers look to cover. The overall trend in this market...

tb1964

In my opinion, we are closing in on a bottom. $5.68 if it gets that low is a great place to add, in my opinion, though I respect some of you have your own opinions. I'm long here and everything looks to be coming together. Gold has been consolidating, beautiful cup and handle pattern forming in gold, were closing in on the second-worst month in golds trading...

tb1964 Updated 

Though I may be somewhat premature, there's no denying that the FED and economic policy is to continue to be accommodative, I am back in at $6.45. All that happened here is that the market dislikes uncertainty and that is exactly what it got when Trump called off stimulus negotiations to focus on supreme court nominee. With that out of the way, we might see more...

tb1964

Great pull-back, looking to take a position at 6.78. Don't think we'll touch that bottom again at the fib retrace line @ $6.50 unless gold breaks support at 1848.49, which puts the next stop closer to 1798, and then we'll have to take another look here. I'm guessing this slide touches down nearer 1855 which should be a great long entry point for the next run...

tb1964

No real traction this week off the low of 1851? Very little momentum, no real follow-through so gold in my opinion looks to consolidate more and possibly pivot lower next week retesting 1851. I halfheartedly think we may have put in a double bottom but with this week's weak close in gold, that's questionable. BTG bounced off $6.02 on the 19th of August and $6...