Here is a detailed recap using both the daily and weekly candles of the miners i hold. As usual, i first very quickly review the DXY and bonds, before moving to gold, silver and the miner ETFs. This time I included SILJ alongside the GDX and GDXJ. Then, i get to my miners and others that i dont hold but were requested by subscriber requests. (Feel free to add yours to the list by commenting)
I also reveal my latest strategic decision on allocating more to royalty companies, which may require me to go back out into the market to (re)acquire some Wheaton (WPM) shares i sold in order to accompany the FNV and MTA shares ive recently purchased.
For the long run, all I need are seniors, royalty companies, and some key silver stocks
Everything is timestamped, so enjoy!
Oh yeah, please do subscribe, comment, like the video, and click on the notification bell to watch more videos and help me gain traction!
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DXY: (00:00)
Bonds: (03:41)
Gold: (05:01)
Silver: (06:15)
GDX / GDXJ / SILJ: (07:30)
Newmont Mining / NEM: (10:27)
Barrick Gold / GOLD: (12:02)
Agnico-Eagle Mining / AEM: (12:46)
Pan American Silver / PAAS: (13:30)
Wheaton Precious Metals / WPM: (15:50)
Franco Nevada / FNV: (18:45)
Metalla Royalty / MTA: (20:41)
First Majestic Silver / AG: (22:41)
Fortuna Silver Mining / FSM: (24:52)
Endeavour Silver Corp / EXK: (26:23)
Couer D’Arlene Mining / CDE: (28:34)
Discovery Silver Corp / DSVSF: (30:16)
Aris Mining / ARMN: (32:30)
MAG Silver / MAG: (34:28)
Gogold Resources / GLGDF: (36:52)
K92 / KNT: (38:20)
Sibanye-Stillwater / SBSW: (39:25)
Eldorado / EGO: (41:52)
Hecla / HL: (43:49)
B2Gold / BTG: (44:34)
Outro: (45:37)
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#gold #silver #silversqueeze #gdx #dxy #dxyforecast #xauusd #xagusd #newmont #barrickgold #copper #preciousmetals #stockmarket #trader #gdxj #goldminingstocks #goldmining #preciousmetalsprices #juniormining #miningstocks #goldprice #silverstocks #xauusd #preciousmetals #commodities #commoditiestrading
All right it’s a portfolio update video I’m going to be using some weekly candles on a lot of these charts I think it’s a very fitting occasion not cuz it’s Christmas but just cuz I mean it looks like we’re going to break out on the miners it’s all very much influenced by
The markets and the dollar and even interest rates so we have to take a look at those three before I delve into the into the individual miners as I usually do so starting with a dxy you can see first of all on Thursday right this is
Sort of the reaction to we had a lot of news over the over during the week GDP um I mean there’s quite a lot of news but you know the reaction was either up or down let’s just you know be very very uh basic about it and we were
Kind of in this pattern where we were building sort of mini coiling towards you know whether it was going to break up or break down and I said if it breaks up then resistance will be this down trending line you see and if it breaks down then it’ll be this
Horizontal which I think was the case um you know it’s not 102 it’s actually 101.8 is that’s what support was and we just held I would say just around 101.8 on that Thursday but the close was so bad it was the worst close in a long time it was kind of obvious we
Going to keep going down and on Friday that’s what we did the dxy broke down even more now where you know we started to hit the 101.5 Zone but look the rally was quite decent now you know did it close above support technically I mean roughly right you
Don’t have to be too precise about it roughly so it is allowed one more chance to maybe go back up here but you can almost say the damage is done so it depends I this is not very bearish this is not very bearish in fact this
Day here was more bearish this candle on a Thursday was more bearish than this one here so I’m kind of unsure as to what’s going to happen I know that if it goes up it’s going to find resistance where you used to around here around there and obviously in case it goes even
Higher this descending and if it goes lower then it’s the old Last Stand zone so this 100.8 or 101 it’s actually not the not the 101 or just like here it wasn’t really 102 is 101.8 so it’s the same thing down here it’s not actually 100 it’s actually uh
Sorry it’s not actually 101 it’s 100.8 so you know I don’t like to be too precise sometimes but I do actually think it counts in in certain instances so let’s see what happens uh I don’t think this is very bearish you know it’s quite a decent rally but it can actually
Go either way um I would actually be more inclined to say buy to the upside but what would be good is if it goes up and then fails even before hitting the highs up here so maybe 102 just a bit above 102 fails rolls over and if it
Rolls over again and it starts testing this Zone down we go to the old low and you know what it does make sense if you zoom out we went all the way up rate hikes rate hikes and then actually rate PA actually rate Cuts next year and wait
A minute let’s just redo this whole thing and actually go lower that’s probably what’s going to happen you know it’s just you’re not allowed to go up in a straight line although this is pretty close to a straight line but likewise down in the straight line you know you
Got to have your little bounces so maybe this will be another bounce so dxy uh medium-term and longterm I’m going to stay bearish shortterm slightly bullish maybe just for Monday and Mondays is that a holiday I don’t even know but you know the first one or two trading days from now it
Might bounce but then I think it will roll over so that’s my take on dxy let me look real quick at interest rates I’m not going to buy with interest rates but look at this you know and you know what I’m going to start switching to the
Weekly now because I feel like having a bit of a weekly video look at this just down down down down down I did think support would come in actually let me go back to daily you know and it did come in there that was a small bounce three
Days and then down we go why was it bouncing there cuz this ascending obviously you draw so many trend lines you’re going to get it right regardless but I think this one is pretty significant this is the long-term ascending here we are trying to reclaim
Here it’s not you know I do and look at this this candle’s quite good you know best close in a long time kind of bottoming I do think we may actually bounce and if we do I think once we hit resistance we’ll go back down again but maybe that will
Coincide with a bit of a dollar dxy move so maybe we have a little one or two day like a bounce like this bounce and then back down again and then we’ll see maybe it get Bit Stronger down here we can actually break out this descending and
Actually have a bit more of a bounce and then fail again so maybe a small bounce in the yield and I’m judging just on the 30 year because it’s the easiest one to read 10 year is also okay but as soon as you go I guess a little harder to read I
Think this one’s quite good the horizontal but they all look like they’re a bit of a support Zone they’ve all come down a lot for a long time so small bounce in yields maybe small bounce in the dollar I’m not going to do do all the Commodities let’s just go
Straight to Gold so gold still on The Daily here first of all we closed Above This 20 40 20 even 2050 you know we did close above 2050 that’s pretty significant the only Annoying Thing is we went and touched all the way up here right and this for me was kind of
Obvious uh resistance I call it 2070 to 2080 looks like it’s really 2070 so we touched 2070 but we came so you know we closed so far down that’s because the dollar rally um I don’t know if it’s because the market started to flush a little bit I
Saw the miners sort of lock step a little bit with the markets I don’t like that because the markets are all the way up there so what what if the Market’s come down are the Min is going to come down with it I really hope not cuz
That’s what a bull market will really be uh confirmed the for the miners once the miners dislocate from the markets and the markets go down and the miners go up because uh but anyway that’s yet to be confirmed the point is gold it was bullish again you know because it was a
Green Day Clos above 2050 very important stuff and it was a a weekly candle too I mean it was a you know Friday also but it’s just we came we closed so far off its highs it’s not the best silver let’s take a look at Silver real
Quick you know not the best that was a red day so you can see how weak that was you definitely want to see silver green so it’s still a bit hesitant and I think if the dollar and the minor sorry the dollar and interest rates go up next
Week we may have a bit of a retracement in gold and silver it’s like you can’t really confirm the breakout if that was your last candle you know with the dollar down and yields not moving up so what happens when the dollar goes up and yields go up you know what’s going to
Happen silver it’s going to have another red day so maybe we’re going to have a bit more retracement so silver I don’t see that doing it gold it’s just maybe it’s not ready you know maybe needs a couple more days maybe just another retest of the old 20 30 like go down
2030 as the dxy and the interest rates have their little one or two or three days up move just another little handle you know from a couple handle and then we go because when you zoom out my goodness me are we ready it’s just maybe you need a little delay maybe it’s next
Year maybe it’s just too early before it’s 2024 I don’t know but I just feel like that last price action on Friday just wasn’t good enough and it’s hard to imagine you know a strong continuation on the next trading day so especially with silver red you know
Now the miners start with gdxj look at that it looks like a red candle but it’s actually a green day because you know the close on Thursday was here it was a 38 let’s say 50 and then we Gap open okay the close was near low of day and
It’s not the best candle at all it’s one of the worst candles but well the worst candle would have been if it carried on going and then closed below yesterday’s low so the Thursday’s low that would have been the worst of course I mean could easily have been worse it wasn’t
Even r but still the miners just you can forgive them you know they’re just following the medals and gdxj in particular is quite sensitive to Silver so let’s look at GDX not much different but still you know still this is just like denying a breakout on this very day but
It doesn’t mean the whole move is over it’s just it’s going to need another curl another handle another I mean look this is Clos a low of day so we’re probably going to goow lower and then if thexy and the interest rates go up then okay we’ll go probably
Back down here this like I don’t know for gold 1930s you know just ven it back down 1930 find support curl and then if we were to retest this we’re going like we’re going all the way up here because this will probably be gold going to 2070 closing above 2070 and
When you’re closing above 2070 2080 that’s it now we’re talking about 2100 2,000 is the floor and you can see the minus is just just have so much catching up to do so look at Sil J now on The Daily you can see it also look and the
Subscribers was asking me about this I’m very happy he did because this is obviously the silver miners Juniors which is very bullish because look at this breakout this is my favorite chart pan to play and I’m very good at it I just I have an eye for these ones this
Looks so good now it’s not confirmed even on the daily it’s not confirmed it ventured above but it’s all about the close so it’s not ready and it makes sense and I’m happy that it didn’t break out on a day where Silver’s you know red
And that would just be weird and it it would kind of ruin the technical indicators but here if we have a bit more I would welcome this a bit more of a reversal you know dollar goes up interest rates go up gold slides silver slides a little bit for one or two or
Three days and then we start to see a a you know a reversal and move back up it’s just going to be so primed to go and like all the stars are aligned and you know let’s have dxy flush to new lows go down to 100 and
Gold silver like 280 2,100 on gold this thing would just explode all of them GDX gdxj s LJ so the miners are ready but you need the medals both medals to react well and you need the dxy and interest rates to to look weak and they didn’t
Look weak on Friday so that’s the background to Friday and the sort of medium long to long term let’s look at the miners and like I said I’m going to stick to the weekly time frame I’m going to try and do this a little quicker than I us
Do so here we go new month obviously we know what what given what I just covered on Friday and just a quick daily recap look at that you know another one just like bit like silj even though this is more of a gold senior whereas silj is a
Silver Junior you know you do have a lot of these miners that have the same sort of charts some of them a little different of course but descending breakout look at that it’s waiting just like SJ nah not yet you’re not allowed not all the stars stars are aligned but
Still up 1 and a half% that’s very nice to see that’s a very good day for new one and actually my my portfolio overall was quite good um it’s it’s been quite good actually and there are some you can’t see here but you know another one of those candidates where I expect bit
Of a reversal a curl and a move back up if if the dxy you know the dollar and interest rates go up for a few days that’s what I expect a bit of a drop and a move back up the one thing that I haven’t mentioned is how much will
Markets affect the miners that’s it’s kind of out of my hands but I feel like the Market’s going to go down a little bit more okay now back to the weekly now stay with the weekly you can see the same thing right the descending we’re there look it’s the first time on a
Weekly basis we closed Above This sort of 41 Zone significantly you know so just break out and keep going and once we have a breakout here I really especially Golds you know 2,100 this thing easily goes to the 50s mid-50s and then sideways and then up you know I
Want my 100% in like like four months in Newmont no problem barck gold I don’t know what this trend line is another one just like Newmont you know it’s closed Above This horizontal first time in a long time okay it’s descending it’s far from that but that’s fine that’s good
Actually let’s resistance on the way up you know let’s just wait for everything else to move up and and we got a clear shot at 20 clear shot at 20 you know if I switch the daily oops it’s the same sort of pattern no I’m very happy with the weekly stick
To the weekly all right and if you notice that I’m not even covering the downside that’s a bad sign isn’t it downside really is this ascending very clear on new mon by the way downside not obvious probably the lows from down here 38 around 38 let’s
Seeo eagle look at that again nice close Best close best weekly close in a long time like the others took out this horizontal also got its own descending to battle through not yet closing outside of this descending which is good I’d prefer if it did it with with all
The stars aligning so that also is waiting for a good week and once we close above this okay next up is the horizontal but otherwise yeah 68 66 after that all these major horizontals and you know what I will start to BL the others because I feel like we will get there quite
Quickly that one’s quite clear support on here resistance resistance there you go and ascending once again would be support panamerican silver look at that look at this Zone here this little 17 popped its head above didn’t close above 17 that’s it was outperforming on quite a few days actually it’s quite good I
Mean look silver was down right look at that up almost 2% I like that so some of these miners are making up for lost ground and outperforming so that’s good to see next stop is really obviously closing above 17 and then closing above its own descent sending which would lead to a massive
Squeeze I think not a quick one but just a very significant technical breakout I think if we were to close above 18 I mean 20 would be amazing 20 would be like all technical levels cleared nothing until 30 and that’s a 50% move isn’t it look at that you take this out
I mean these it probably these two trend lines coincide at the same time I think so let’s imagine we have a very good week next week and we’re closing above 18 50 it’s like we hit 20 go sideways and then as soon as you’re above 20 there’s honestly there’s nothing until
30 obviously there’ll be little zones and you’ll have GDX and and gold hitting its own resistance and this will have to meet you know uh fall in line I mean if GDX is down 3% you can expect all miners to be down but basically nothing from 20 to 30 and then from 30
To 40 it’s really 10 unit increment so this is very important what happens here it’s already starting to show a lot of strength just need that close above 17 but so far I mean look at this candle it’s one of the best ones we’ve had in a
Long time so Pan America is very close to doing it oh support for Pan America honestly I haven’t thought about it I love it as a stock so I think I’d buy anyway but I think ascending would be the best one let’s just rule something like that that’s not very
Accurate but you get my point so imagine came down down there was a big reversal like I said two or three days of dollar interest rates going up probably around here 1540s because it would take a few days and if it went any lower 15 15 to 1540 I think
It’s a buy I mean it’s a buy right where it is to be honest long term but yeah 15 mid 15s weaton I have started to sell into this one I’ve got oneir left and you know what I starting to regret it because Royal royalty royalty companies
Have just sort of had a bit of a Moment of clarity I feel like what I should hold for this next run and this run I see go going to 2,500 and then 3,000 that sounds crazy but I I really think it’s possible what would you want
To hold obviously you want to hold the little Juniors that make it but I don’t really want to hold any Juniors I hold three or four and that’s that’s just cuz I didn’t get a chance to sell them but I think a liquidity event will come up but
I want to hold seniors and you know the seniors I just covered the four main ones and then royalty companies like weaton like Franco Nevada like matala and there’s probably one or two others but I want to hold seniors and royalties and these are senior royalties and then
My little pocket rocket Silvers and then I’m good I don’t need to hold any I don’t I want to get rid of these I just want to have like I don’t know 15 15ish or 20 Max very well 15 I prefer very well established miners like four
Or five seniors 405 royalties and 405 silver you know medium tier Silvers uh that’ll just make hundreds of percentage moves if if the overall uh silver move up is correct so and I think Wheaten should be one of them right it’s one of the best so even
Though my excuse for getting rid of it is it doesn’t have much upside I still think it will definitely go up and it could definitely make a lot of money and even if the the market goes down it’ll probably hold hold up very well um
Or may even go up because of the nature of the company the fact that it’s a royalty and all that so I may actually buy this back it’s just it doesn’t matter if I was to buy now I’m buying where I sold it but I just had a little
Change in strategic thinking um earlier today actually so I may not completely get rid of Wheaten anyway back to its um technical level so for me 50 you know let me go to the Daily because it’s a little difficult to tell exactly where the resistance is for me it’s you know
Between I had this the line here it’s basically $50 I got to really move the line up again now it’s here actually 51 but you know I was selling here forgot exactly where but i’ you know I’ve got one3 left now if we go any higher I
Think 52.5 is a level because it was the old high I also think we have ascending resistance which is very rare in my opinion but anyway it still is the same thing 52.5 is resistance obviously 51 is resistance cuz that’s the last High we made 51 then 52.5 on the way down it’s
Going to be this ascending like all the others so that’ll be just you wouldn’t really want it to break below 48 but yeah if it would then I’d say 47 is okay Franco Nado this one it was ready for this look at this descending breakout no you’re not allowed because you know
Everything’s reversing and this is I mean as bad a candle as it gets close a low of day just that tail at the top did it close within the descending yeah I mean when it’s that close when it’s that bad a candle you just say yes it’s it’s
Not a breakout so consider that within the descending um so support for me is here we got 10 Nish let’s say because it’s the high of this candle this candle is also the low of these two days roughly so I’d say 109 but it’s very you know zoomed in
Stuff otherwise the absolute down here uh I don’t know if it’ll go that low I think this was the bottom cuz this whole move was a bit crazy for a big stock like this but anyway 109 and then I’d say 102.5 on the way down on the way
Up well we got the old high of 114 if we take out 114 I have a feeling we’re not going to care about this Zone I think we’re going to go higher and I don’t know nothing really obvious until one 126 but I can imagine it stopping you
Know 122 or something but it’s Franco Nevada and it’s a great stock to own so this is one of the streamers I want to build a bigger position in I already have a decent position I bought twice on this drop so yeah I don’t really want to buy again
Higher than when I recently bought and I don’t think it’s going to go much lower and take out its last low so right now I’m just holding what I’ve got don’t mind holding this for Big Range moves um okay those are the seniors really taken care of I may rearrange
The the order in which I do all of these in fact I’m going to do that now let me just cover matala the other streamer this one has been disappointing and I bought this I went quite heavy in the 330s actually so I’m actually I mean I bought all the
Way down here 280s 290s and then I bought 330s so my average is probably rout three um may it doesn’t matter where it is the whole area is the same thing just zoom out I bought here you know my plan is going to be to sell all the way up
Here so a couple of cents difference is irrelevant but otherwise look it’s quite weak look the support Zone you can see where it is $3 big round number it’s hit it before it was also resistance over here so definitely credible Zone and we’re quite close to closing below and
If we do we’re straight away in the Gap fi zone so straight back down to 290 and it could end up looking like a really bad chart and then I’d consider adding even more to it maybe depends what the sex that’s doing but that is not the best looking set of candles
Given what the miners have done and given the fact that it’s been destroyed already it should be you know building up a lot of energy for a pop on the upside but it’s yeah not the best so if we do have a move lower in in the miners
This will probably close below $3 and GAP fill and what I’d really want to see is like a quick pop back up and back to $3 and then it can start looking bullish again but not good so on the downside um $3 of support I’d say 290
And after that 270 on the way up this descending is now irrelevant I would just say the last High 360 Let’s just say 360 I mean it’s got to clear 330 four and you could say 350 maybe but really 360 close above that then we get
To four keep it simple that’s all I see okay now let’s look at the silver ones so these are my silver stocks I call them silver medium tier some of them are slightly senior like I’d call First Majestic a bit of a senior silver stock especially compared
To the other ones but anyway I really got five or six so first of all this was down 1% not the best but look silver was down quite a lot so makes sense silver first Majestic has been quite good I would say it’s also a total breakout
Candidate and it has been acting in a bit of a breakout mode so and look here we were sort of you know we ventured higher than this sort of 350 zone of resistance so that’s good to see it was also a a higher low so higher high
Higher low on the day compared to the other days not bad if we go lower can we hold six six is a psychological number also the support we saw on these three candles so I would say six is support if we go lower than that then it’s going to be
The low of this candle 540 I don’t see it’s going that low this is now relevant by the way this is now relevant so we’ve back tested this breakout uh this descending haven’t we we broke out of it and back tested it this is really good charting I mean it’s
Really perfect for a squeeze for a continuation of sque squeeze so we just don’t want it to start closing below six so 6 and then 540 on the way down on the way up well let’s I might as well say it’s this now let’s close above $660 yeah
$7 and then eight this is pretty simple and then Nine and then yeah just before 10 yeah I’ve got no problem with all those levels and I think if we start to close above off 660 really we could squeeze especially with gold and silver hitting those levels that would you know that you can imagine like gold hitting 20080
2100 silver St hit 20 26 28 30 my God this could really squeeze 100% in a few weeks so yeah those are the levels on the way up and on the way down let’s look at um Fortuna let me keep the the order I usually keep another one
That ventured up high but had to close low because of what’s happening to the underlying metal and the miners but otherwise good attitude down basically unchanged um but it ventured much higher for me it’s 405 on the way up and then 420 it was almost hitting 420 so you know very bullish at
A certain part of the day but was forced back down closed below four but totally understandable look higher low higher higher again just like first Majestic this one I’d say 380 380 wouldn’t really want to close below 390 I’d say 380 is support very light support it’s probably
385 is we close below 380 then we go back down to 350 it’s bit like first Majestic really is otherwise on the way up 405 is now relevant to I think that one’s disappeared entirely it’s just 420 it’s just 420 and after 420 well then we start hitting the 460s wow that’s the
Clear one and they’re not even $55 doesn’t matter there’s no resistance at five it goes straight to 550 and then etc etc we’re in the big Zone that we saw after the co pump this is a huge Channel which is 100% away from where we are now right
From 4 to 8 so I see a lot of 100% potential in some of these silver miners this will take several weeks or months but I can wait so those are the levels looking good okay let’s look at ex from looking good to looking horrible this one is
Absolutely filthy but you know I’m not going to sell it here not with what I think is coming I mean this one could really pop quite a lot CU got a lot of catching up to do you can see a bit like many of the other ones it’s got its own
Descending I would say it almost broke out of it but it’s all about the close and look the close is always below this descending so it didn’t break out yet at least it wasn’t red and it would even have an excuse to be read so that was
Okay to see but we’re coming from the absolute you know low of the Abyss so it would hard to justify a red day too so what we need is a close above the descending which it could do any day on on a green medals day IID expected to do
It you know let’s just close above 210 for God’s sake and then let’s let’s see let’s let’s test 230 close above it and then you know get to the next levels all these levels are correct I’ve never had to change them and it hasn’t really moved much either so no reason to change
Anything on the downside remember 180 if we do have the dxy and the interest rates go up could we visit 180 absolutely could could we close below it Lord forbid yes we could and then we start to visit these I don’t think we would I think it’s just so cheap and I
Do feel like the medals are going to go back up quite soon I don’t think we would have enough time to venture all the way down here but that really is the next level of support I can see I mean if I’m looking at this Zone here on
Exk and you’re closing below 180 okay it’s probably not 180 it might be 175 but whatever 180 maybe there’s a gap for the 150 probably bounc off there it doesn’t I don’t need to be too accurate I don’t actually think we get there and I’ll probably revisit this
This chart in more detail you know if that flush is happening but yeah those are the levels on the way down and on the way up let’s just you know 230 and then let’s see where we go from there probably going to hit this descending
That would be good if we close above 230 we probably hit the descending 270 or something but a lot of ground to make up there ex all right now my favorite K dlen yeah look at this hitting the top bouncing off the bottom another one of
Those days so you know made a new high like all the other like the others first Majestic Fortuna because it was a good day to start with so that’s good and then went all the way down did close down almost 3% but you know why silver was down 1%
It’s also been up a lot and it’s basically holding 340 on the on support and then 370 let’s say for resistance so there you go and if we do close below call it 335 340 then the other low of well it probably stopped off at $3 but just
Below 290 280 290 so big range big range and let’s say the dxy interest rates go up you could see this come back down 310 3 I don’t know I’m not sure it probably come back down quite a lot but I do not see it going below 280 that’s for sure
If we have a surprise move up well I say surprise move up I expect it to happen just not immediately but let’s just say one or two days it’s just sideways nothing happens and we go up and we start to close above 370 I see no problem until 420
4:30ish you know this Zone here and and there you go by the time we get get there that’s CDA that’s CDE doing a 100% move already from two to above four and then it’s time for the next 100% move so CTE it obviously depends on
The metal but those are the levels I see on the way down and on the way up in the immediate term right let’s look at the other one that’s also not on my list Discovery now this one a little bit liquid sometimes big spread on the bid and ask but it’s it’s
Heating up first of all Green Day that’s nice when Silver’s red uh higher high higher low that’s nice this tail also at 65 what we need is the metal to perform and I see no reason why this can’t just do the same again except this time close
Much higher and test 70 so for me okay immediate resistance I guess is 65 because it’s the last two high you can see that there will be resistance of 65 so 65 but I’m not going to draw that line I think we’ll take it out on the first move
So after 65 70 after that 77 this one I’m not sure about because remember we’ve taken out this descending this extremely important descending it’s been taken out it’s been retested perfectly may I say and I bought this very nice so once we take out 70 for me that’s it the squeeze is
On you here’s your bottom you break out the descending you retest it and then you back up how do you know back up because you’ve actually closed above the last high so I want to see a close above 70 and then to be honest this can just s
Because we’re going to go way higher we’re going to go to 90 or or $1 a magnet a $1 magnet I really think that’ll happen especially if Gold’s at 2100 and silver starting to react with a delay so Discovery this one could beat CDE on the returns and you know in the
Speed it will give the returns so now now on the way down not to get too excited I see yes the last low 50 Cent big round number after that 45 between 45 and 40 I don’t see it going lower if it does well we’ll see what happens 20
Probably every 10 cents I think I’ve gone over this before worst case scenario every 10 cent increment 30 then 20 so there you go I’m looking forward to Discovery especially when the silver price is up okay next one is aris mining that looks very nice wow yeah so I have resistance at 340
Looks like real resistance is 345 it’s the same thing but there you go 345 look at that we ventured higher than the last High that’s nice better close than yesterday’s close so Thursdays that’s nice it’s also got a fantastic story so that’s always good I don’t see
Any problem with this in the medium to long term it’s going all the way up all the way up see you later 40 4.85 even up here if the market really gets crazy so this is definitely another 100% although it’s already made a massive move so we would have registered
One 100% quite soon if we keep going now if the medals sorry if the dxy and interest rates go up yes gold and silver will just come back down a little bit and I expect this maybe go as lows low threes let’s say 3 10ish but after that
Up we go and make new highs if we do go below through the 310 Zone then yeah I agree with this the last low of 290 if we go lower than that which would be a massive drop in gold and silver or maybe some company specific news whatever then
I’d say the ascending so let’s say 250 by then you know it would take some time too so 250 290 310 here 345 and then the old high from over here doesn’t really matter there’s one or two cents difference let’s say 364 and after that I don’t see any
Resistance I don’t even see $4 I don’t see any you know major activity here to suggest $4 will be resistance despite it being a round number no I see nothing until 480 so there you go keep it simple very strong though this is one of the best ones given the Friday
Reversal all right let’s look at mags silver just not good enough is it I keep trying to give it excuses but I just this Capital deserves to be elsewhere with that said I expect to move up but as soon as it makes a move up now
I’m just going to dump it and get and just its proceeds would be far better in a different stock it’s just too slow anyway um first of all support I don’t see it’s quite close to the low so I’ll cover that first support I mean you
Could say say look at these candles here at 1040 look at that how many times it goes there 1040 to 1050 is support if that fails $10 if that fails 960 you know the absolute low from down here but there’s not much difference I mean if you’re
Closing below 10 I mean you’re going to visit that on the same day if not straight away on the next day if you lose this then I’d see this area here this low from down here imagine you’re losing $10 and the low just below 10 it’s here
7 50 or something I’d probably watching GDX and the medals to really time it but I’d be looking at 750 is I mean that’s horrible that we’re talking about that on the way up it’s only one thing it’s this 12 just let’s call it $12 once we
Close above $12 it’s got this huge descending to deal with now that’s the one good thing you know if we do go back up we’ll be so close to testing this descending so maybe it can do it also in one go or the next day but a close Above
This descending then we start Hing these horizontals I’ve already drawn I mean you’re going to need gold at 2100 for this thing to react it’s just horribly slow it was really quite good here but then what a disappointment on the re you know the whole retracement so I mean this is like goals
Come all the way back down the 1800s it’s really disappointing and I’m never going to forget it so I’ll be dumping this one I just I just want to dump it on and move up the only thing that annoys me is maybe it does you know five
Six% or whatever it is to finally make a move look at that 13% I can’t imagine it how much will the others have moved so it might even be better to sell it now to put my proceeds elsewhere anyway I will be getting rid
Of Mag um but I I want to do it on a Green Day more of a green day than this so okay next one go gold GG DF this one did okay 8% on that day that was good to see because that was another
One where it was just far too low so you can see it wanted to hit it 105 or maybe you know we almost closed above $1 I think 105 is mini resistance cuz those little you know those three days where it hit resistance around there 105
But look if we just go a little higher look at this this Zone here this 114 115 Zone a close above that and we’ve got a big descending Breakout another chart where we have a massive descending breakout it’s my favorite chart pan to play it always works it always works
When you’re in something which is not a fraud which has a long-term thesis going for it and that’s been severely beaten up which basically covers the thesis of all the miners so we just need to make that move we just need to keep going you know have
Another one or two or three good days and then basically close above 120 and then we should squeeze here the bottom end probably you know probably it’s a good stock good company as far as I know and all the charts and the underlying Metals look great so let’s just have some
Continuation and we should squeeze on the way down otherwise the old support you know 90 cents and then yeah 7077 cents there you go next one is K92 this one has done quite well look at this and also another good day let’s look at the weekly chart on this
One I prefer the daily actually the weekly I think is better for some of these seniors yeah so for this one you know this resistance over here this 660 let’s just use the old high 670 let’s say right if we close above 670 which could happen easily on Monday uh I don’t
Even know the next trading days let’s say you’re taking out or you’re testing at least the hor horizontal and a descending and a close above that will squeeze us now $7 you know what I’m going to delete it don’t even think that’s a level so look at that we’re closing above this very
Soon and when we do up we go looks very good yeah $8 maybe above I think this horizontal line is the next Real Clear resistance on a largest time frame so I think K92 looks very very good all right s spsw I think this deserves a weekly look at
This first week where you close above the descending and you know Palladium Platinum look very good should I show you those real quick okay hello red day but look at that total breakout look at that huge weekly candle total breakout and this is coming from the depths of March 202 you
Know the no it’s way below the corona days it’s ridiculous padium that Platinum sorry look at that that’s been you know bouncing along quite stable that’ll probably go all the way back up to test this desending so these charts look good and s spsw i it’s hard to find a better
Chart I mean that chart is just so nice on the weekly and yeah I see it going all the way up to $8 really there are Little Resistance points on the way maybe maybe seven actually but nothing really strong until $8 and even de so look at this I was buying this Zone
Here I thought I was a bit late I mean I was looking at it here that’s what annoyed me but I knew that if it was going to make its move buying here was almost the same as buying the low down here so I bought twice I believe here
And then look at this up we go these are big moves by the way they look small on the chart but if you’re buying you know middle of this range where you are now it’s 20 25% already that’s just a starter so huge moves for this
One uh so resistance $8 yes there are other ones on the way probably every $1 increment seven you can see so you can see six a little bit look six was support here seven with support and resistance at 1 point at least 8 same thing just a bit more obvious and over a
Larger time frame that’s why it it deserved one line and then I see nothing really at nine but 10 big round number the last High over here and then maybe 11 yeah $1 increments but looks beautiful on the way down I guess the old low
$4 although I actually a gap fill to 475 is your first bit maybe your retest the descending which would coincide with the lows from these candles here 430 440 and then the absolute low four and if it flushes for the absolute low from 3 350 etc etc so looks great okay now I
Cover the subscriber videos uh subscriber miners egoo which to be honest has been strong for a long time it’s just and again higher high higher low from the last couple of of of candles so it looks good it was just subdued because of what happened in
In the dxy and gold and silver retracing so the party is stalled but otherwise it wants to close above 1350 I think that’s still resistance and then after that you’re at 1450 and this is still making big moves and this is prime this is primed to continue it’s very strong you know
Very strong breaks out holds it retests I I mean 1450 come back down again and then okay we still got strength up we go 19 up here 1920 yeah which is what another 30% or something so very good very impressive what 25% very impressive so for yeah next
Stop really this this 1350 Zone then 1450 and then basically 1920 very on the way down well I guess the old support so let’s say just under 12 if that gets taken out this one counts anymore I don’t think so I think it retested it but just
Did so above yeah so if it takes if it loses let’s say 1170 then we basically come back down to 1050 I would say and if it loses 1050 and there’s no point in in prophesizing too much but then the old low of 850 and this won’t count by
Then I guess that’s what you need to watch so that that’s very good stock Heckler yeah hecka just needs to close above 520 to really run a bit more more but you know it’s taken out it’s descending it’s holding quite well it’s just not allowed to run because the you
Know the Min is not really running full steam right now so let’s close about 520 after that 6 maybe 620 for some reason seems to be more of a resistance and six so you got an entire dollar to run that’s nice on the way down if we start to close above
These sorry below these two here 480 then I think you go back down to 450 and if we lose 450 then okay we’re not going to go all the way down here but you know let’s say just just below $4 that’s why I see okay B2 gold it’s just not that
Good you know look we should be above these candles given what we’ve been doing in the miners and everyone else is making higher highs and all this you know let’s pick any of them okay not exk pick any of them and then you look to B2 gold like ah you have a
Disadvantage already it’s biased to the downside on the downside okay I would say immediate term 315 mini support just cuz it’s the low of all these candles here these higher lows but once you’re below 314 and closing below then basically $3 $3 is really the first real area of support
It’s just that’s almost 10% away so I don’t think we’ll get there and one go I think 315 then three and after that 280 on the way up I mean the high of Friday let’s see if we can take that out but really it’s just up here 3 just below
350 and after that yeah up here 380 on the descending yeah I agree there you go guys I try to use the weekly chart a bit more I did forget to whilst I was going through some of them um but I think it’s quite useful sometimes and I try to
Cover all your um requests Sil J is a new one right the silver miners so write down the miners you want me to follow well or cover for both and I hope you found that useful and let’s see what happens before the New Year’s I do think things are going
To start picking up and I think when gold and silver start to when gold starts to be above 2100 and starts to run I think Silver’s just going to have to do a lot of catching up and I think we are going to see some huge days in
Some well in the silver miners in the gold miners and in certain stocks and it’s going to be a beautiful thing and I think that’s when it’s going to start it’s going to be worth looking at which mines to sell to enter others it’ll be that sort of you know getting
Very very precise about it I like that I like detail anyway enjoy Christmas of course and good luck to all of us next week