This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Mainly Miners

Jump to new
O

ozspec

Joined
15 January 2020
Posts
2
Reactions
3
WGX daily chart showing lower lows and lower highs, could indicate a trend change which may send it lower, but it also looks very much like a bull-flag which could see it go back to 2.50 and potentially break through the resistance there. The positive seasonality of gold for Jan/Feb would favour it going higher. I wouldn't buy at the current price based on the price action unless it breaks through the upper trend resistance line with strong volume.

What do you think is more likely: bull flag before moving higher, or trend change heading lower?

yJ6jJRx.png
 
Hey opzspec, good to meet you. Thanks for the chart. I reckon there a few here like me who are bullish gold (me, I'm modestly bullish based on the assumption that aus miners are going to make money for some time).

I've never looked at WGX. Perhaps it would be worth while posting something in the WGX thread about the stock. I note that your analysis is technical but you may know more about this stock that you could share?

Cheers to you from the guy with a track record of only loses from gold stocks.
 
Vancouver, British Columbia, September 8, 2020 (NYSE American: EMX; TSX Venture: EMX) – EMX Royalty Corporation (the "Company" or "EMX") is pleased to announce the execution of an exploration and option agreement (the "Agreement") for the Queensland Gold project in northeastern Australia (the "Project") with Many Peaks Gold Pty Ltd ("MPL"), a private Australian company.
The Agreement provides EMX with cash, work commitments, annual advance royalty payments, and a 2.5% Net Smelter Returns ("NSR") royalty interest in the Project, as well as other considerations.
The Queensland Gold Project is host to multiple styles of gold and copper mineralization, including key intrusion related gold targets that were only partly explored in the mid-1990's.
 

This chart shows that gold shares need to rise about 300% to get back to the highs in May 2006. As usual this does not apply to every gold share as there are laggards and those who basically mess up on forecasts and basic drilling results - always high risk at the top end. Then comes the difference between producers and explorers, the latter often trying to push their share price up because they are drilling or about to drill 'but but but' they have no gold and that's a strong point to remember. Also the ones that make good profits and then invest in further exploration and always fail to pay a dividend. I hold 19 gold shares quoted in Canada, America, Australia and Hong Kong - 6 are now up though 13 are still down even after recent rises which shows I mistimed the market - however it is what happens from here that matters the most. They pay dividends between zero and 7%.
 
Last edited:
qldfrog said:
I commented on same stats in monsieur @ducati916 thread.
This puts Australian mining in perspective..15 smaller than China for example...and smaller than Russia
Click to expand...
but i bet we beat both China and Russia ( and India ) in red tape to slow the mine from starting production and exporting
 

Drill, drill, drill: 3 explorers with news on Friday – Sun Silver, Aurelia & PNX Metals

Sun Silver's heading towards its maiden drill run in 2024, and with a rig now locked in, the only thing standing before the company is time.
themarketonline.com.au

Sun Silver (ASX:SS1)​

Silver and gold explorer Sun Silver (ASX: SS1) has announced it’s locked in a drill rig contractor ahead of its maiden drill run later this year.

PNX Metals (ASX:NX)​

NT-based uranium explorer : has confirmed its receipt of confirmation from the NT government drilling will be co-funded.

Aurelia Metals (ASX:AMI)​

NSW-based Aurelia Metals (ASX:AMI) has released drill results from its most recent campaign.
 
I just came across this look back from Market Index on 2 ETFs one of Gold Miners and one of Copper.

It makes one think of not releasing cash yet.


On the topic of seasonality – I analysed the seasonal performance of two resource ETFs (both of which we use for the Morning Wrap ETF table).

  • Global X Copper Miners ETF – A global copper miner ETF, with top holdings including Polish multinational KGHM, Teck Resources, First Quantum and BHP
  • VanEck Gold Miners ETF – A global gold ETF with top holdings including Newmont, Agnico Eagle Mines and Barrick Gold Corp
Here are my findings for the Copper Miners ETF (since May 2010):

  • August – Down an average 3.45% and positive 26% of the time
  • September – Down an average 2.7% and positive 35% of the time
  • October – Up an average 3.8% and positive 71% of the time
  • November – Up an average 2.9% and positive 42% of the time
  • December – Up an average 4.2% and positive 50% of the time
And for the Gold Miners ETF (since June 2006):

  • September – Down an average 3.0% and positive 33% of the time
  • October – Down an average -1.3% and positive 58% of the time
  • November – Up an average 2.2% and positive 53% of the time
  • December – Up an average 1.7% and positive 76% of the time

gg
 
You must log in or register to reply here.

Similar threads

April 2025 DDD
2 3
Replies
46
Views
4K
ducati916
February 2025
2 3 4
Replies
64
Views
8K
ducati916
What are the two main types of market analysis and how can we combine them?
2
Replies
31
Views
4K
tech/a
SP500
Replies
3
Views
2K
Student of Gann
TGF - Tribeca Global Natural Resources
Replies
5
Views
2K
frugal.rock