Before I post your charts Easy, I feel the need to put this one up of ELO/ELRRF? I don’t know if the breakout occurs this week or if there will be another pullback, but it’s a nice looking formation and you fundamental guys should find the company interesting.
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BTG
This one pulled back again today after hitting downtrend line resistance 3 days ago along with resistance at the green MA. There’s some bearish resistance possibly showing as well, but you’ll need more of a pullback to confirm that. Seeing that gold is up 20 points tonight, perhaps the stock will blow through this resistance tomorrow, in which case things should start getting fun again with miners.
This chart is merely pointing out the resistance also occurring at the 61.8% retracement level.
If you should get more of a pullback from here you’ve got MA support on the first chart and watch the Fibonacci retracement levels there as well. A shallow pullback to the 38.2% level would be indicative of continuation of the uptrend.
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LIO
The move above all the MA’s and especially the green one is bullish for this stock. There should be some strong support at 1.22. I didn’t draw it because I just noticed it now but it looks like there’s a strong uptrend line to use as support as well here.
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HL has pushed through some strong resistance in the past couple of days and today closed above the previous swing high. If the rise in gold this evening sticks through to the morning you’ll probably have a gap up here and that last swing high should be a decent support area on any pullback. The green MA is my equivalent to the 200MA so to get above that and get it turning upward should be a nice support area as the stock rises through the highlighted Fib retracement areas.
Easy brought my attention to SKE this weekend and I thought I’d post the charts here because they’re pretty interesting and projecting some very nice future profit potential. Don’t ask me about the fundamentals of the company though. Easy probably knows 
SKE has been trading very nicely in a channel for the better part of two years now, and has recently bounced off the lower channel line twice. The next chart will make this more interesting.
Taking a closer view, the stock appears to be wrapping up the right shoulder of an inverted head & shoulders, with a potential target price of around 17.33, depending upon where on the neckline the breakout occurs from… providing the formation plays out. Note the increase in volume on the right side of the head and the right shoulder.
TR,
I have a long position on this one. BTG did do a shallow pullback to a 3.94, just a little above your 38.2% (3.89) level as indicated on your second chart commentary. Today’s close of 4.45 was just above your 4.36 trendline as indicated on your 1st chart. Very nice predictive chart analysis for the 1 day interval! Is a new chart pattern forming?
Long here too. SKE continues upward within the nicely delineated channel closing today at 12.18.
There are only 65.5M shares on this one and $30M cash. SKE performed a share consolidation (1 for 4) the middle of last year and moved onto the NYSE. Onward and upward …
Thanks,
EZ
Lion One Metals (LIO.V) holding the 1.22 support, but seems to be pulling back after advancing and closed today at 1.23.
HL is approaching your .5 resistance level (6.97) as it closed today at 6.95.
Gold is looking rather stellar and blown past your weekly chart from 17 days ago closing closing today around 1995.90. Is next weekly resistance around 2080-2100?
Chart on SAND please if you find time.
EZ
BTG Started out following the green channel then shifted to a more dramatic decline outlined by the grey channel. Both channels provided accurate S/R levels for some time, but now the stock appears to have abandoned the grey channel and moved back into the green. The red channel is speculative and has not yet proven itself.
The weekly chart shows a double bottom with increasing volume throughout the formation. Moving up into some potential resistance areas indicated on the chart. The pink horizontal line as always indicates where a gap will be filled when price hits that level. The gap is on the daily chart and not visible on this weekly interval.
Gold hit and briefly exceeded its last (weak) resistance level at 2024.60. Next up is the all time high at 2089.20.
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SAND
This parabolic move might hit a wall at the top of the channel on this chart. A number of trend line support areas await below.
Overhead resistance also in the 8.60’s and a gap fill at 9.02.
Watch the shorter MA’s for support as well.
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BRC/BKRRF
I have successfully traded this one on three different occasions. The weekly chart shows it has been consolidating between the mid .60’s to around 1.20 for about a year. Due to the slight uptrend the low price to buy now is in the mid/upper .70’s. The upper trend line is at 1.30 and could be resistance if tomorrow should see this move higher.
Hope some of you were around to BTD on ESK today. I did rather well buying the MA supports. Love seeing price back above each of them by the close.
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A little off topic, but just wondering where the dollar will be in the IMF basket of currencies on August 1 this year if this rebalance is made as scheduled. This is different from the BCBS’s delay of implementing the revised Basel III standards by one year, to 1 January 2023. Bisel III & IBS bank requirements are expected to reduce the paper trading markets in gold and silver, making physical gold a tier one asset for Banks. As currencies start to collapse from inflation, it is expected this will drive the price of gold and silver much higher, and thus the mining sector of these metals. Both these policy changes are likely to have a very noticeable effect increasing commodity prices, including the PMs and the valuation and speculation in mining. It is a primary consideration of my overweight positions in a number of the miners. I’m more interested in acquiring positions and building positions than short term trading, and so find longer interval charts of greater interest than the day to day fluctuations. I’m in for the longer haul, but not adverse to taking profits when charts indicate it is wise to do so. Comments on charts and trading strategies greatly appreciated as we learn from each other by improving our wealth based on taking advantage from each other’s trading strategies in specific stocks.
IMF Executive Board Approves Extension of Current SDR Valuation Basket Until July 31, 2022
March 15, 2021
Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved [[1] ] Special Drawing Right (SDR) valuation basket by ten months from September 30, 2021 to July 31, 2022.
The proposal for the extension was put forward by IMF staff to the Executive Board in a paper published on March 15, 2021 (see Review of the Method of Valuation of the SDR – Proposed Extension of the Valuation of the SDR Basket and Modification of the Date of Effect of a New Basket ).
The IMF normally reviews the composition and valuation of the SDR basket every five years. [[2] ]The extension of the current basket effectively resets the five-yearly cycle of SDR valuation reviews, with the next review expected to be completed by mid-2022, and the new SDR valuation basket becoming effective on August 1, 2022. Thereafter, five-yearly revisions of the SDR basket would be taking effect on August 1.
The ten-month extension contributes to the Fund’s ongoing efforts to prioritize work during the COVID-19 crisis and allows for a more suitable effectiveness date of a new basket, which does not coincide with some major markets being closed. The approved extension of the current basket, as well as effectiveness date of a new basket, is intended to facilitate the continued smooth functioning of SDR-related operations.
(https://www.imf.org/en/News/Articles/2021/03/15/pr2168-imf-executive-board-approves-extension-of-current-sdr-valuation-basket-until-july-31-2022)
Just trying my hand at some charting.
Keeping an eye on BTG to move to 5.15:
If this works out, B2Gold may go to 5.15 by mid- April, or could retrace to 38.2% or 50% level (4.46 or 4.25) before heading back up. A retrace to the 50 MA is also possible. Anyone else have a position here? BTG was on my accumulate list posted earlier in January. I have a modest starter position.
TR did a weekly chart on this one recently. Blackrock Silver is looking ready to break out. Also on my speculative list I had Summa Silver which was in the low 0.90s at the time.
They are some of my larger positions currently under accumulation. Drilling season should be very interesting. Both of these stocks are in the Tonopah Mining District of Nevada.
Watch how candle closes today.
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This is a weekly chart that I don’t have on my speculative list, primarily because it is an Australian issue (ASX:NMT) that has historically low volume until recently. I have a small position that I picked up in January of 2016. It is starting to look interesting.
The company has a Vanadium/Titanium Project and a proprietary process joint venture for Lithium chloride solutions purifications. It is also has a proprietary process for recycling Lithium Batteries.
Here’s an informative 10 minute update on Gold/Silver/Dollar by Andy of Finding Value who I find to be very good…keeps it simple. He goes through a bunch of precious medals charts (including KRR). Lots of good ideas here and clearly a bull on precious metals.
Gold and Silver: Technical Analysis: LAUNCH COMING - YouTube
What’s your take on Novo after the update yesterday Rick?