Oil, gas and mining

My Portfolio Update (Gold & Silver miners) | + watchlist & subscriber requests



Another portfolio update. I cover all the miners in my portfolio (welcome $SSRM, make yourself at home) as well as those on my watchlist, and those requested by subscribers.

Oh yeah, please do subscribe, comment, like the video, and click on the notification bell to watch more videos and help me gain traction!

———
Intro: (00:00)
DXY: (00:24)
Yields: (02:47)
Gold: (06:05)
Silver: (10:01)
GDX / GDXJ / SILJ: (11:37)
Newmont Mining / NEM: (15:55)
Barrick Gold / GOLD: (18:30)
Agnico-Eagle Mining / AEM: (20:10)
Pan American Silver / PAAS: (22:02)
SSRM Mining / SSRM: (22:40)
Wheaton Precious Metals / WPM: (31:25)
Franco Nevada / FNV: (34:17)
Metalla Royalty / MTA: (36:59)
First Majestic Silver / AG: (38:49)
Fortuna Silver Mining / FSM: (42:32)
Endeavour Silver Corp / EXK: (44:01)
Couer D’Arlene Mining / CDE: (46:07)
Discovery Silver Corp / DSVSF: (47:17)
Aris Mining / ARMN: (48:39)
MAG Silver / MAG: (50:08)
GoGold Resources / GLGDF: (52:56)
Sibanye-Stillwater / SBSW: (54:04)
Eldorado / EGO: (55:49)
Hecla / HL: (57:25)
B2Gold / BTG: (58:46)
Kinross / KGC: (01:01:50)
Equinox / EQX: (01:04:40)
Goldfield / GFI: (01:06:59)
Novagold / NG: (01:08:50)
IamGold / IAG: (01:10:55)
Harmony / HMY: (01:13:15)
Anglogold / AU: (01:14:17)
Outro: (1:15:20)
———

#gold #silver #silversqueeze #gdx #dxy #xauusd #xagusd #newmont #barrickgold #copper #preciousmetals #stockmarket #gdxj #goldminingstocks #goldmining #miningstocks #goldprice #commodities #commoditiestrading

So time for another portfolio update I’m looking forward to this one I’m trying to do it a lot earlier than the other ones and as usual I will cover dxy yields gold silver the gtx’s gdxj sil J before going to the individual miners everything is time stamps so just go to

Whatever you care about otherwise watch the whole thing that’ be nice so starting with dxy we had a nice little close there on Friday you know these are daily candles but look for me we’re stuck between this range here it’s pretty tight and I think

Next week we will have some sort of a close either below 104 or more precisely below this 103.9 five sort of support Zone you can see what I’m talking about that would be nice because then we should go all the way down here that should really help

The miners out and the medals actually now if we were to close above here it depends how long it takes because if we to to close let’s say Monday up here I mean that would be quite a brutal candle and that would actually indicate you

Want to go higher but you really want to see a close above sort of both you know the descending and this horizontal on a daily basis and to me that would indicate we’re going higher and that would not be the best thing to see it’s

Also I don’t know um we’ll take a look at yields but yields look like they want to do the same thing they want to actually they got a similar chart to dxy they look like they want to go higher and they’re actually slightly stronger relative uh to the dxy so yields are a

Little more bullish looking their their C that chart is looking a bit more bullish than dxy so maybe yield pushes the dollar up we’ll take a look later but if you were to see the dxy close above here I can see it going up to here

106 nice round number also here and if maybe we’re looking too far into the future I like to do it week by week really but it could even go as high as you know 107 which is the high we went to last time with all this you know rate

Hike rate hike rate hike and then oh I this period here was sort of leveling off we’ve gone up too far F and then you know down it goes for some small retracement but within this was the oh actually rate hikes are over you know as the market stormed higher so I don’t

Know if we’re able to go all the way up here to because now inflation’s back rate hikes are possibly back on the table or maybe not yet but the rate cuts are over so I don’t know if if the fundamentals the way the market looks at it anyway the fundamentals can justify a

Move up here but technically you know a close above these two on a daily could send us back up to at least 106 and then we have to consider 107 but let’s see I think for now all we need to care about are these two simple horizontals um and we’re pretty much in

The middle of the range not the best two candles for the dxy so we could actually close below here that would be good let’s look at yield I always start with the 30 year so you can see here it looks a little stronger than the dxy relatively

Speaking it gave off a lot and they all did actually I took a look just before clicking record but they all sort of gave back a lot of their gains on on Friday but still you know this is bullish we’ve come all the way up here we went higher we retraced we’re still

Above this line you know which was resistance and now is support so if we start to move higher honestly I don’t see some obvious resistance maybe around I don’t know that it’s just going to go higher I’m not going to try and guess a level if it’s not very obvious to me

Maybe one of the other yields have a more definitive resistance and then they all stop when that one stops you know the 10e yeah you know still looking bullish so remember this line here this was resistance which we back tested and now it’s just got to close above here and

Then it can run I don’t know where it’ll run to maybe somewhere like here you know this support Zone this resistance maybe the 10 year has a slightly more obvious I could be wrong here but I don’t think it’s allowed to go all the way up here to match the crazy period uh

Before you have to stop off on the way at least and let’s be honest they’re not going to raise rates that much more you know if the system will break if they raise rates in fact even rates where they are now even if they drop a little

Bit holding them where they are now indefinitely would lead to a break in the system and I think the banks which I haven’t covered in a while but the if you to look at the K you know the banking ETFs here you can see them let’s

Take a real quick look you know that’s not as high as the S&P in the Nasdaq all the way up there this is ready for another just imagine you know yields go up or something or the market just drops a little bit more which it should let’s

Be honest this parabolic Market you know once you come down here you’re testing absolute lows pretty soon you know you lose a setting support and then you’re making new lows so the banks are you know maybe 15 days away from absolute catastrophe and new lows so okay 5e very

Similar you know it’s strong it gave back a lot but looks like it wants to go a little higher still and then maybe even well maybe not test the all-time Highs but I think this 4.49 4.5 is resistance 2E stronger than all of them so far the two years the big one that’s

The one that the FED funds rate has to match so watch out you know it’s already tested this level here and this is the this is really the last level before we start testing pretty much the old highs the 5% plus zone so watch out next week

You could have the 2-year easily just you know close Above This level and then it starts getting to 5% and it probably do it very quickly you could even say that the 2year could hit 5% next week so watch out you know with some news as a

Catalyst the yield and honestly if this goes up dxy has to follow one you also start climbing back up here so maybe especially the 2-year maybe yields are going to drag the dxy up to scary levels like 106 107 then what happens to Commodities and markets

By the way and everything so let’s look at gold gold did quite well actually all things considered that’s pretty good I thought well I didn’t know what to think but you know we had this bounce we reclaimed the 2000 zoned on on Thursday by the close so we were now closing

Above resistance so it was kind of back in support and that’s that’s more the case now cuz then we climbed to 2013 so it’s nice but until we sort of test these levels actually doesn’t even matter which level we test here in the because because of what I just said with the

Yields and the dollar it kind of all depends on that but who knows you could have a situation where yields go up and I saw this a little bit at least on Friday I saw you know gold going up when the market was going down now the miners

Were kind of stuck between both they weren’t going up because the Market’s dragging them down a little bit but Gold’s going up so they’re not going down too much so you know if you do have yields going up and the market start to crash a little bit that really I do

Think that that really could happen uh next week the week after it’ll be interesting to see what happens with the miners but gold might not go down as we typically think or it could go down but not that much CU some people are buying it out of fear because everything else

Is going down so it could sort of hold its own and that’s that’s quite ideal too it’ be better if it goes up but I don’t mind it just sort of holding roughly where it is as everything else collapses that’s a store of value stuff

So we have to see what happens but gold otherwise has reclaimed the 2000 Zone it’s clearly back above its support so that was a nice little dip flush out and back up I like that wash out the weak hands a resistance if it were to start climbing which would be nice I think

Resistance really before we get to this um 2060 which is resistance I also added this little descending cuz that that is now reality I feel like up here you know 2040 cuz you can see 2040 was a bit of a problem for a few days but also if we

Take the time element by the time we start trading even if we were to get about to test 2050 you can see this descending so I feel like well yeah I feel like this I already got the line but this kind of Zone here might be resistance you got sort of three small

Resistance I don’t expect huge you know like intraday it hits 20 40 comes back down and then maybe it could break it on the same day but maybe takes the next day and then maybe hits its head over here this is sort of intraday resistance so

Very light stuff 2060 might be a bit stronger though now why did I Circle this was actually for myself um well I’ll show you that in a second that’s to do with silver that’s where I think silver is at the moment now gold otherwise let’s be honest we have to

Account for the the move down by the way this line no longer is relevant cuz we’ve reclaimed support that’s good to know but if we start moving down it’s not going to going to act as could it you know what maybe it would let me put that back I’m going to leave

Another day or two before I delete that it could actually act as support because it used to be um and also 2,000 it’s a nice number but if we are to come back down then we have to see if 1985 hold if it doesn’t I’m going to keep this line

In I’ve had it for the whole time I’ll move it down because if we lose 1985 it’s probably going to go down a bit more and let’s see if 19 sort of 74 holds so honestly I don’t like adding all these lines but these are going to be

All of these lines are light support and and resistance the biggest ones being the those furthest away so 2060 I think would be the strongest one I think once you take out 2060 280 won’t be that strong actually um interestingly otherwise if we come back down 1970 I

Expect to be quite strong the strongest one be the lower you go after 1974 the stronger they get so there you go those are all the levels I see now why why did I highlight this one here because silver is very very strong compared to Gold you know silver is touching this

Level up here that’s amazing and what a shame it would be if yield start draging the dollar up and the metal start to go down again and then once again this acted as Perfect Resistance and it’s just a CO total coincidence that you know yields drag up the dollar and the

Medals have to come back down again and this ends up being the the resistance but otherwise if there’s no crazy mooving yield and the dollar and there’s more strength in in gold and silver you could start to see silver close Above This level that would be great 2350

Close about 2350 we go up here and then you know 24 whatever this is 2450 starts to act as resistance I don’t see 24 as resistance really not at all actually which is quite interesting because normally every 50c increment or at least every dollar increment silver used to be anyway um finding resistance

And support but here it’s actually 2350 and then 2450 and this one here actually maybe 25 so this was really interesting and why did I Circle gold because look when was the last time we were touching this it was sort of the the middle of January yeah it’s kind of January so if

You click on gold where were we gold in January the middle yeah it’s this period here that’s it these two highs over here 2060 so Silver’s all the way up here Gold’s down there which is nice actually it’s bullish when silver is outperforming gold but again let’s see what happens

With yields and and the dollar okay let’s look at the actual GDX gdxj I we start gdxj that’s okay you know uh it’s kind of following gold more than silver I would say it’s re but can you see how support is still resistance we didn’t close above it now this is not too

Precise but you can tell generally it’s a nice bounce but we really need to reclaim this area this sort of you know the higher the better um all the way up here there are some miners like nio Eagle just by heart I I remember the chart from yesterday that’s clearly back

Into higher territory like it’s reclaimed the support you can’t see the M gdxj but it’s it’s obvious why you know Market slightly red uh gold okay silver did very well it would have been better if it followed silver but it’s just retesting resistance so you know if

The dollar and yields go back up obviously this will have a bit of a red day and then two or three days later we’re Gap filling and and then back down we are testing these lows and hopefully we don’t see new lows a higher low would

Be good and then it would really look good but for now it’s just retesting resistance let me just add this in so you could imagine like a move back down and then sort of a break out of this so that’s gdxj they all look quite similar so I’ll do it quite

Quickly let me add this descending they’re my favorite lines so whenever I have the opportunity I’ll add it so again this one retesting um this prior support axess resistance we didn’t close above it we really want to see a close sort of up here taking out these two mini

Resistance levels but by then actually given this new line I’ve added I can expect quite a bit of resistance would come up here but a close above it bam up we go you know to these levels this is GDX by the way now if we to move down definite Gap f

And then you should have you know when the the Gap is filled that’s support and below that you have more support so let’s see txy and yelds keep going up maybe move back down some buying or do we flush that wouldn’t be great but some miners really are very attractive so I

Don’t mind buying more if we do get the opportunity just have to watch out if the market start to flush how much the GDX go down with the markets or does gold go up with the Fear Factor and was sort of caught in between you know going

Up with gold but going down with the markets not the worst situation to be in to accumulate the best miners so there you go that’s what I’m looking at SJ same thing a bit weaker right it’s been a bit weaker for a while ever since this candle it was outperforming up here or

Something and then it just I think that was a rebalancing of the ETF actually but anyway since then it’s it makes sense um that it’s weaker actually no silver was very strong so you’d expect this to be all the way up here or something I think you should expect Phil J to be

Stronger silvera’s being pretty good and yeah no this this is um underperforming I reckon well it’s definitely underperforming but I I would have expected it to be a bit better so we didn’t even really retest resistance um we had this little Gap fill we did but

Not the best I think if we have red days next week this will very quickly fill the Gap and you know silver minine is kind of have to follow the general ETF I mean they make up a lot of the ETF so you might get some small silver uh you

Know yeah silver miners quite cheap next week if we come back down you got to watch out though this could easily flush then where’ you go then where do you go yeah then you go lower $8 Clos below 790 bam interesting and then I guess you got

To look at your individual Miners and see where their local support is the next level of support which is what I’m going to do um I’ll do that now so let me just add this descending because it’s it’s relevant everywhere who knows a nice coil breakout that would surprise us that

Would be uh quite a violent move up actually okay now let’s look at the actual portfolio Okay new months this looked quite good um we came back from the abyss we’re testing the second level resistance let me see if they all have their little descending this one’s taking it out so I’ll leave

It for me honestly if it closes just a little higher next week you can almost say it’s done it but it’s still not done it um I don’t know exactly what it would be but you know once we’re closing above sort of let’s say 34 there we are I was

Looking for something a bit more obvious 34 then you’ve cleared all these candles and you can say right we’re back in the you know the new level the new Channel all the way up here next level of resistance is is whatever this is 3560 it’s quite hard to tell you got little

Candles sort of popping out a little bit so but the the next obvious level of resistance would be 3560 for me you just need to reclaim 34 for psychological reasons just to say that you reclaimed this area and then 3560 after that you know is the top of this candle a bit of

Resistance I remember thinking that last week but honestly this one is more of resistance because because it was clear support you know it was support here then we flushed it so this one is just a bit of an anomaly I’ll leave it out plus it’s too close to to this 3560 once you

Cleared once you’re closing above 3560 then you know you’re not going to travel just this small distance you’re probably going to go to the next level because you know this has gone down for a long time so there’ll be a bit of a a violent

Momentum behind it to to go higher so I think I’ll leave yeah I’ll leave it as it is no point the descending because it’s already taken it out if we go back down again I’m not sure what’s this okay that’s the actual covid low I understand why I put that there interesting it

Didn’t really create too much support I might remove the co low because if we were to go back down uh it’s just the Gap fi and then the recent low so I’ll just put the recent low the Gap fill I’m not going to draw a line for that I think that’s

Pretty clear and it’s yeah there you go those are the levels I’ll be watching a new and if newon starts to flush this level for whatever reason and we’ve had a lot of reasons to cover the drops because that’s all they’ve been doing then we have this oh yeah $30 nice round number

Also rough support for the last for this period here 2017 to 20 20 let’s say so okay I understand 30 that’ll be huge support if we get there there you go that’s what I’ll do for newon Barrett gold Barrett gold actually had an extra move down when the others were already

Finding support on this um on this day here what day is this Wednesday I remember looking everything else was sort of okay unchanged some of them were green and I saw barck um was just red but then it sort of had a nice flush out and since then we’ve bounced so that’s

Nice and in the end it was this low here this ascending didn’t really work as well as I thought it would but then again the whole sector was flushing so it’s definitely irrelevant now so I remove it this can be readjusted to this this I can remove make it cleaner

And there you go now it’s easier to read so the low from here made the low from there we bounced and we are still not testing resistance next level is here pretty clear if we keep going up this one here is it a little bit little bit

I’ll leave it and then this one here and also that little anomaly they’ve all got this little candle here well they don’t all have it but so yeah I think resistance is 15 after that it’s 1540 roughly and then all the way up here so we want to see some closes above

These levels to justify the move to the next one on the way down no support until the actual low down here 1380 and if we lose 1380 then this low down here yes I agree and the other one is the co low so for me everything is correct let

Me just see if I can add descending no not really there you go that’s bar gold next one igno Eagle so igno Eagle one of the better stocks in terms of CH also one of the best uh companies I I don’t follow the companies too closely but I know it’s

One of the better run ones I think it acquired Kirk Clan and that was really a good one in terms of if I remember correctly all in sustaining cost so I think it’s one of the soundest ones you can see this one’s clearly gone back up above resistance that’s what I want to

See in the others you know clearly doing it you can say okay we’ve reclaimed you know if it was to come back down where is support it’s going to be here it should be there anyway 4650 and then if it goes below obviously they’ve all got this little Gap fill

Zone but then obviously it’s the low that we had a few days ago but this one is clear and wow look at that it’s done exactly what you’d expect you know we reclaimed here where’s resistance prior support so that one did a good job but technically adhered to the principles of

Technical analysis but there you go if we come back down I expect this one here 4650 if it goes lower then Gap fill and if it keeps going down the old low if it goes higher let’s see it close above 4850 and then then it gets a bit

Tricky I put this before I’m just going to add this might be the one that it hits resistance this might be the resistance in the end otherwise yeah you could say this otherwise that okay there are lots of little mini areas but it’d be great

To see it all the way up here but I think for that you need the sector to to go up another level you know another four 5% or something um which can happen NBA all right next one is oh and by the way is there a descending line maybe that’s quite a coinci

Okay I’ll leave that one Ino next one is panamerican silver this one is at resistance so you can see if it keeps going up yes that one also is slightly Brier support from this after that we go all the way up here then there then there I think

That’s agreeable is there a descending no I don’t think there is we’ve already taken it out that’s nice if we come back down again we have the Gap FS Zone and when I say Gap field I mean before Gap after Gap but then the old low so Pan

America but like some of the others just at resistance just looking for an excuse to keep going higher next one is ssrm okay ssrm now this one I did not own until after the drop I started to buy it on the day of the drop I might

Actually go into where I bought it if I can remember but I remember the low I did get the low which I’m very happy about but first of all I I mean I’ve always followed ssrm I’ve always known about it it’s always been there in the

Background I think I owned it a few years ago um I think so what it called SSRI or something anyway I remember reading about it very recently and thinking oh okay it’s quite a good one so you know sound balance sheet I think they do a lot of BuyBacks they have a decent

Dividend they have a good history of sort of delivering on on on their promises and I just look at the chart you know and this is before the drop thinking okay we’re pretty much at covid lows I own a lot of decent seniors this is another senior I I heard one person

Consider it a better buyer than Pan American silver you know I thought well maybe I should buy this then you know it’s always better to have several miners rather than just one because you never know what might happen um you know such was the case

With ssrm a few days later so I was about to buy honestly I should have bought it already and here I remember just as it was curling here it was outperforming the others I thought right maybe I should just Chase it uh and by Chase it I mean just buy it

Before it hits 10 because I I thought it could start making a real big move to 12 and then out of nowhere we all know the story there was a mine collapse was it mine a pit collapse whatever you want to call it I don’t even know a leap uh

Forgotten anyway I saw the video I know what I saw it was an absolute implosion of um you know all the mud around the mine and then it got washed away with the water and I don’t know what happened to the miners actually I think there’s still some unaccounted for but I don’t

Think it justifies I can understand the big move plus it was the day that the GDX was getting pummeled so down we went and now we I don’t see much support or resistance by the way this is a huge vacuum um first of all look at this I

Mean look we lost support first of all we were trading pretty much at 9 29ish you know over here we just it gaps down it’s trading pre-market down completely off forget the co lows it opens here and there was probably a bit of buying here

I don’t know but um I didn’t even notice until several minutes into trading or something I just see ssrm on my watch list just down was it 40% or something so down we go this wasn’t obviously enough of a drop to to satisfy those sellers so off it goes there’s probably

A lot of Market orders anyway down we go and we start hitting this level here actually no what am I talking about I was buying I think I I saw it down 40% I just thought right buy something so I just went in uh a few hundred shares

Nothing crazy like three 400 shares just G you know skinning the game down here I I didn’t even know what had happened yet I didn’t really care because I knew I wanted I saw this drop and I I think after my second buy I start seeing what the actual news is and

Basically I am buying around um let me get this right let me get this right I’m buying around 460 I think my first buy 460 then I see it going up I’m going to go to three minute chart but let me go to three minute chart now before I get it wrong

I’ve still got my levels in so there you go where was my first buy I think it’s 460 yeah I’m seeing it sort of you know here I think I start seeing it here for the first time oh my God and then I start to see this type of action I think

Okay let me just get in somewhere now because the the Cascade non-stop Cascade is sort of subsiding a little bit and then I start seeing this um this descending line or I think I I had the horizontal line in place thinking okay watch out for the breakout yes and then

I bought 480 I bought 480 thinking okay we’re going to go up now and then back down cuz you know we took out this and then back down we go and then I thought okay it’s going to happen this time I bought basically 460 480 460

Again and then down it goes then I had to go somewhere actually so I left it and as I came back I promise you and I’m on stock twit saying it the point is I had this descending line cuz when you come back it’s it’s everything’s a bit

Calm and I saw this and the miners were going down and they and it wasn’t going ssrm was not going down as much as the miners and then basically the miners started to to level off the GDX and I thought okay ssrm is ready to break the descending my favorite and basically

Yeah I bought this 377 right here 3775 is what it was 3.77 5 in and then the rest is kind of history and up we’ve gone since then that was the last buy I did I haven’t sold anything and basically I’m willing to keep it for several months to several years because

Um because I really I want to hold these for a long long time these seniors I just feel like I’ve been too shortsighted sometimes just flipping them too much and I think in several years you know these will all be like 200% basically and then you can just

Retire you know why why risk that possibility so but anyway that’s for a different day point is we closed very nicely you can see it’s quite hard to tell with the drop but you look at this this is nice you know up we go up we go

Closing near high of day you know let’s take let’s close in the $5 territory I have to go back to the daily even though it’s hard to read because of the magnitude of the drop but look at that looks good now for me the resistance um you know there’s nothing there’s no

It doesn’t mean we’re going to go up we’re not going to go up the GDX will have some good days and I think ssrm will outperform the others and I think ssrm could be up like 6% one day where all the other miners are down 1% you

Could just have ssrm do its own thing now but honestly I don’t see any resistance until this sort of level here this $8 level because yes this here was Prior support so it should be resistance but also that’s kind of where we open so you

Know we opened at 8:30 so 8 and 8:30 you know if you want to sell maybe sell at 7.89 right that’s the same as selling at 8 just making sure you get filled so that’s it you know support is the old low of three well it’s going to be 370

Why have I got this oh yeah because of this here basically the old the low of the day which is 377 or 375 maybe which seems to coincide with this here which is 365 it’s the same thing let’s call it 370 right so 370 is support and after that what do we have

After that I don’t know what we have after that you can’t say we’re going to go down to I have to go to the daily chart and then zoom out and scroll left three round number kind of three I’m not going to draw in I don’t think we’re

Going down there but also three is kind of obvious I think at that point and then when then where did you go there I don’t know maybe 250 I actually can’t tell I think $3 is a bit more obvious than the others but I mean can you imagine ssrm if you look at

His balance sheet he has four mins if I’m not mistaken and even if the Turkish one doesn’t go back up we still got three mines you know I think that justifies a much higher price than where it is now I think a lot of people are better than me at calculating where it

Should be based on Book value and all this stuff but higher than where it is now even if that mine never comes back on so and I think the Turkish government not going to be that harsh on them because I think they have some allies or

They need the mine so I think it’s going to go it deserves to go much higher and I actually see it in several months higher than 10 so that’s 100% And this is a serious you know established mind this isn’t some some pump and dump in the the forests of

Nicaragua so there you go those are the support support is going to be this 370 then $3 resistance is going to be nothing for a while it’s just going to hover follow the GDX if you want to time it maybe but it’s going to do its own

Thing but otherwise $8 after that Gap fill 10 that’s it all right next one weaton so this one did pretty much test its support almost you know this General support I didn’t think it would ever get there actually but this is before the big drop started to happen but I did

Have this support level in you can see why now I think I had it down here but let’s maybe move it up a little bit more so now it on average roughly looks like it’s where it hit now you can say it did kind of go to this level which is

42.5 in fact let’s just move it up here okay that’s okay so now it did bounce like everything else where did it bounce to PRI well price support really is here but you can see this little level it seems to be a bit of resistance if we reclaim this

That’s good but we really want to reclaim you know this area really this area this sort of $46 area I’m going to leave this here but what I really want is to see it really trading about 46 which is quite a way away and then you can start to say okay

Um that’s resistance I guess after 46 next real resistance maybe 47 a little bit but 4850 I think you know then you got quite a move up here I we’re quite far away from that you need at least one or two week two weeks of strong upward

Move to get Weeden back up there but ween you know it’s a royalty it’s not like the others I mean it’s a senior royalty so it’s holding up quite well I don’t really hold any other great senior royalties except Franco Nevada the next one I’ve got is matala royalty but

That’s more of a junior you know the other ones uh what is it called OS Cisco royalty gold those ones are quite strong and they all have similar charts you see what I mean you can see I’ve already put some lines in those they all look quite

Similar um so ween sort of fits right in with those Franco NADA has a different chart I’ll look at that right after this one but they’re holding up much better than the seniors and you know they have a good business so resistance 45 if we can close above

That let’s try and reclaim W it says 45.5 but what I really want is 46 honestly I want 46 because then it’s big round number it’s also it was clearer support for this whole period here so I think I might just yeah I’ll leave it at 46 there you go there’s no descending

Really that I can use is this one or descending I a little bit go on I’ll leave that in it seems to hit three times three times for me is enough to just if I putting in there there you go those the levels for weaton I’m just wondering whether we

Have something else to add that’s interesting let me just put this there okay next one is Franco Nevada I seem to forget that one sometimes this one’s been destroyed long ago um for its own new Panama remember operations in Panama were suspended for some reason so that one was already dropped recently

So that didn’t actually drop too much compared to the others that’s actually held up quite well you can see the last couple of weeks since really the beginning of the year or end of December it’s uh it’s kind of hasn’t moved so it hasn’t really Dro like the others and

Yeah look at these little levels I’ve drawn in I think I agree with them straight away nothing to add so at the moment where the resistance is descending and we’re closing quite close to its highs a little breakout of that we probably pissed off at 112 though that would be very

Quickly um overtaken and then really it’s 114 this little high we haven’t taken out 114 in since December and after you take out 114 then you start to move to it’s always hard for me to call this area you know you got support here but you really

Going to move to 116 that’s so close or is it this level I don’t know but the resistance is more yeah yeah okay I can see what I did that resistance would be here 122 is because it was support here well let’s just say it’s clear skies and I I I think it

Favors a move up obviously if the sector goes down then down we go but any sort of hint of a move up and this should quickly be at 114 and after 114 I don’t know if 116 is a level just because of this here otherwise yeah on the way way down let’s

Just account for the possibility of a move down I think support is yeah the clearest support is down here 104 you right we hit it here we hit it there over a decent period of time so I think it would it would also count if we were

To move down here it could obviously find support before then 106 is but 104 really should hold otherwise we’re going to hit the low of the big drop which is this 102. fiveish Zone and if we lose that then we go back down to this level which is um

Not too obvious here but actually it’s the ascending this one here very strong remember this is a a senior one of the best arguably maybe the best um streamer royalty streamer so I think if we are starting to lose this 102 then we can expect support around about there

So 95 96 is I don’t see it happening but you know I’ve said that a lot and the miners have come down a lot so let’s always uh cover the drops okay okay next one is metalla royalty so that dipped all the way down to its old low of two

Well it went below didn’t it 250 so let me readjust that its new level is 250 this one I can delete don’t care why it was relevant before new level is 250 resistance now h i mean it’s a rough resistance isn’t it it’s going to be the old support of roughly

270 yeah I think once trading above 270 then you can say you’re back into this sort of Zone here where resistance after that is $3 cuz that was support a very strong support before then we dipped below did a gap fill and then obviously we came

Back down with the whole sector so for me 270 $3 320 which was a resistance we never really reached or surpassed before and then I remember this 350 360 so I think all these levels can stay because they were relevant back then so they remain relevant now but the new levels have

Been readjusted so 250 on the way down 270 on the way up now below 250 I think I remember putting this here yes to sort of 25ish because because that was relevant from the back here yes that was a support down here because I had to be realistic

And consider where the next low would be let me just extend it so it’s a bit more obvious for next time there you go I mean these are crazy levels and you know this is a good stock I remember Peter shiff wanted this stock at $4 and here

We are at the two $2 range wow look at that how did I not have that one in Jesus that is extremely relevant and that could actually come into play real soon the next move to $3 imagine that bam you hit your head on yeah then we’ll have an explosive

Move okay that’s very good to know next after metala is first Majestic I’m on to the silver ones now a I even circled it for myself so I didn’t buy this first of all Co low 420 roughly then we got this ascending support you can see where that

Comes in that’s roughly let’s call it 440 and then we got the old low that we that we did back in November which is 440 basically there’s lots of support around here that’s why I circled it and that’s exactly what we did we pretty

Much I think on the on the button hit um the the co low and then we bounced really nicely you know that first day everyone had a little Readjustment bounce and then look at this Gap up right back to right this is support this was support for a few

Weeks and then it’s acting as resistance you can see we’ve closed almost within we’ve also got this little descending that’s interesting see that’s why I like to keep these little levels in because sometimes i’ I would forget to redraw them each time too so it looks good you

Know we haven’t reclaimed fully the let me call it the 460 Zone it’ be good to close above 460 then you’re sort of clearly you know working towards the next resistance which is going to be just below $5 is that really resistance you know what if we to

Reclaim this I think it’s going to go higher I’ll leave it in anyway but it’s strong it’s a good bounce I think it’s outperformed a lot I’m going to delete this the just wondering whether I should delete any of the the lines cuz now it’s more obvious because of the recent low

I’m going to leave it anyway cuz it’s just might as well but this looks quite good so the levels on the way down first of all 420 is the only support I I could actually delete this because it’s just interfering with the new reality um but anyway 420 is really the

Next the only support it’s I think it was very strong support we might have a little Gap fi but if there’s a big move down 420 should act to support after that imagine we lose 420 and then what I mean these lines are really nice really relevant really long term but once

You’re below 420 what happens next you’re going lower you have to and I don’t see anything obvious now I’m very zoomed out but I you’d have to zoom into this period you know so well you lose 420 and then where’ you go 360 340 320 I don’t know I actually don’t know I

Mean roughly $3 you could say roughly $3 $4 will be attained very quickly you lose $420 $4 within a flash maybe 370 this Gap you’re going to fill this Gap from years ago that’s a bit ridiculous I don’t know I think there you’d have to look at Silver or the GDX what it’s

Doing and once it starts to bottom and curl then you say okay I’m in first Majestic this is ridiculous so I I don’t think I’d put a level below four I could just put a general three but everyone knows big round numbers um should be relevant so I’m not

Going to put anything I’m going to risk it not put anything and just you know Count on Me zooming out very quickly or looking at GDX or silver instead so I’m just going to leave that as it is so on the way up though I didn’t you know 490

Should be mini resistance after that in this case I did add resistance for this anomaly candle that a lot of them have 510 $5 isn’t really resistance itself and then after that up here the rest remain relevant okay looks good next one Fortuna yeah Fortuna good stock don’t really like the jurisdiction

But we don’t have much Choice um Mexico really is not the only place but there are a lot of Mexican mines okay so support for me is to 70 we had a nice bounce we didn’t really retest prior support we didn’t really retest prior support did we this is really the support

Zone you could claim there’s another one there but I’m not going to do that okay um support for now is this 270 Zone let’s just say 270 that’s the new reality if we were to lose that it’s going to be the low from down here that’s 258 or something let’s extend

That and it was also relevant back there yes this very clear stuff and after that all the way down here 210 I don’t see it going down there pit stop on the way so look at Silver and GDX if there is a drop on the way up yes resistance is $3

Very clear round number also was support back here if we take that out 320 yes we didn’t take that out for like 2 3 weeks when we were trading in the $3 if we were to break out 340 Gap F okay all of this is correct no point in having a descending

Because it hits just two points that are very close to each other so I don’t I think that would be like a false signal so there you go this is actually correct as it is exk hated this one for the duration of this period now I don’t think it’s come

Down too much in the last two weeks compared to the others so I mean it’s not really something to be proud of that it’s outperformed on the way down because it’s already been crushed but it’s true that it hasn’t gone down too much now it hasn’t bounced either and

It’s had that problem for a long time all these levels I’ve got yeah they’re very small little levels machine gun levels okay 250 is pretty U sorry 150 is support um let’s be honest as if I need another level the recent low is also a level

Which is 145 which is so close it’s the same thing now this is interesting I should really go on the 15 minute chart to do this but this is a bit of a level too let’s see if we can start taking out the highs of of last

Week or this week still 155 maybe we can start moving up and you know what let me remove this it’s not really necessary the only resistance is this descending it’s very clear and I think it will be very relevant if we were to hit it so I

Don’t think we’re going to break out of it on the first attempt but if we to close Above This resistance then we move up and it’s just hard to tell where the real levels are on the way up before we hit this major descending yeah I think I agree with this

180 resistance here support there and here 190 it’s quite hard to tell it just needs to go up God damn it this is ridiculous this one but I have the feeling that this one might move quite a bit just to make up for the absolute Slaughter that it’s that it’s endured

For a long time I don’t think I need to change anything here I think it just sort of went down not too much added one extra level and the rest remains relevant so there you go you need to break out this descending before we can move up to the next real level levels

180 yeah this one here 228 is and then this descending if we can even touch it don’t like the stock at all but I’m not selling it down here CDE you know CDE one of the best on the way up normally gets destroyed um on the way

Down but actually it’s held this level really well clear clear support 250 right no dispute there resistance actually this descending doesn’t really work no uh resistance I mean you can see that 280 has been a bit of resistance for the last two weeks but

I’m not going to add that I I think we might as well just be a bit more optimistic I think it take 280 out on a decent day and the real resistance is $3 nice round number also clear resistance from before then the Gap fi and then

This sort of area here I don’t know 340 or bit resistance but whatever n then you’re really trading within this range between 320 and the high of 370 I’m going to leave that obviously if you lose this 250 then down you go I don’t

Think we get there in one go so look at GDX gdxj rather silj and silver for that nice and quick love this stock especially when it’s acting well on during bad periods because on the way up CD is very nice okay Discovery to be honest it held this 44

45 Zone quite well it’s quite rough remember it’s IL liquid it’s the only Junior that I hold I do consider a junior and um I don’t want to say this is really a breakout it’s just going sideways but I see it going back up let’s cover the moves on the way down

If we lose this sort of 44 Zone I think it’s 44 not 45 now um then you got the low from down here 40 cents and by the way after that I remember it’s 30 then it’s 20 then it’s 10 and zero I don’t think there’s any point in getting too

Precise about exact exactly where the levels are if we once we start losing 40 you don’t want to lose 40 now on the way up 50 after that this one it was relevant back then but now I think we’re into bigger things if you take out 50 I think you’re going to make

A bigger move towards 60 yeah maybe just above 60 yeah and after that yes technically these two are these two highs make sure that you’ll have you’ll have to have a pit stop if you do run past 60 65 and then 70 quite simple 5cent increments until you get to

50 then you have this 10cent increment and then back to 5cent increments I don’t think there’s anything wrong I don’t think there’s any reason to change that okay next oneis mining there was some after hours weird stuff there was some fake printed 270 so I’m happy that that doesn’t show up here

This level this is really I mean yes it was resistance and then the support back here it’s hard this is like a rough area this is not a junior but sometimes it’s bitly liquid or you know the spread is a bit strange so the chart is a bit choppy anyway

First of all this ascending is very clear where did we drop this this candle ruins it but it’s a fake candle um support has been here it’s been 280 all right throughout we have dipped below like I said you know you have these little liquid spreads but basically 280

Roughly is support just as it was roughly resistance back here and we didn’t really lose that you know we’ve come back down it was trading quite well actually was outperforming everyone again back here then came back down with the sector to its old 280 support and now we’ve bounced so for me

Resistance is 320 support is 280 if we lose it support will be around 260 on the ascending again rough it could actually go below and then climb back up by the close so you have to account for some IL liquidity here otherwise 320 otherwise after that 340 and then the old high

Very simple what you see is what you get and um it remains relevant what I did for last week next one is mag Silva reminds me of EX yeah here the descending does work also we went down to visit what is this ah yes and sorry we visited this area Okay interesting

8:30 kind of was a bit of a level there not really actually but okay um that’s the low that’s interesting if we were to lose 8:30 then 730 740 interesting and after that the co low wow that’s far I don’t see that happening okay yeah so the low is the sorry the

Support is going to be this 8 um let’s call it 825 roughly now if we to lose this well 820 if we to close below 820 then I guess this level I just looked at 740 is is it depends what’s why it’s going down but yeah it could go to eight

And then lose that and then go to 740 now on the way up clear resistance double resistance this descending also the old support the horizontal that seem to work around 890 yeah that was correct if we can reclaim let’s say $9 then then where is resistance you’re above

9 940 yeah CU going all the way up back up here is a bit bit of a stretch in one go again here is there’s lots of little mini areas you know it’s quite hard to tell it’s not there it’s kind of here I think I did an average last time I’m

Going to say 940 because it was the high from when we were trading here so once you close above 940 then you should be able to test basically $10 it will take 20 cents it’s quite hard to read this one but yeah you know zoom out if there’s a big move going on

Who cares it’s all the same thing bam up you go you know and then you’re trading at 11 quite quickly this one could you know a bit like exk it’s been destroyed but we start to see a move up in silver and you know where silver is it’s 1960

For gold you start to see silver start to move up and gold start to move up too uh you’re going to have some depressed silver stocks really make up for their losses so this one I don’t think I should be zooming in too much the descending here is relevant I’ll leave

These little lines in because I know why I’ve got them there it’s for me but um I think you could start seeing mag move up into 10 or higher if if you have a big move up um in silver definitely so there you go that’s mag not my favorite at all

Exk mag absolutely detest them okay after that you have ggdf that’s the last I’ve still got SP spsw this one’s not okay it’s Revisited look at this clear levels of support this one’s very easy so okay it’s true we did make a little low three days ago but actually

Look at that it just coincides with this low okay 8250 let’s call it support resistance is this descending that’s it there’s no other resistance uh you could say $1 because it’s psychological by the time you start to move up $1 is also the descending so it’s just the descend

Desending if you can take out the descending which we’ve never done since I’ve owned it then you’re going to hit this 115 pretty quickly and after that then the next clear levels look at that these are very clear these levels here so what you see is completely correct if

I’m allowed to say so 8250 if you lose that then I suppose 76 and after that after that why have I got this stretched out no point in doing that uh after that yeah this level here 67 Old resistance when it broke out of that yeah okay I don’t see it

Happening finally s spsw now this one I remember uh I bought this one down here I think it’s now it’s pretty much back at my average I I guess it doesn’t really matter it moves a lot but I remember buying it back here and I think I bought it a little higher

So the average is but it doesn’t matter but I remember when it was down here I thought oh we’re approaching this $4 clear level big number also prior support and once you lose that then you start to hit the co low and padium was going down but then padium started to

Make a move up so this one has different medals that affect it also gold and silver but um I like it I like what’s happening here this you know what doesn’t count anymore so this descending definitely does count I’m not sure how precise it is but I think we’re going to take it

Out I think I’m going to take it out move up here sideways higher next one is here 540 next one is there I agree with all those levels and that’s it support is this support is four resistance is the descending and then after that it’s the horizontals I would love for it to

Go back up here and that would make a beautiful double bottom you know sort of high low like this one here $4 and then this 410 and then up it goes once you close above let’s say 580 then you start look up and then when you zoom

Out you think wow that was the bottom that’ be beautiful but this is high risk this one this is uh this is a highrisk one so but I’m taking a longterm play on this one so I don’t mind it moving quite a lot I’m giving it some room and I’m

Giving it a lot of time okay now it’s time for the subscriber one so I’m going to start in order egoo this one came down look at this this was very strong is still strong compared to the the others but it came down CU everything came down so it

Lost its little level here 1180 yeah I remember these two lines funny how it opened just below my other line so down it went um I mean I have to now add a new little line because this is the low from from the week you know if you close below

That then down you go to the next level which should be here but that’s quite close too I think the real next level is the ascending this is the one you can really count on like you’re not really allowed to go below that uh on in one day unless there’s news so yeah

That’s the those are the levels on the way down n 10 the old low 10604 1025 this one you could easily go below it and then after that you got this 950 is Zone but I don’t know if we’ll get there and if we do what day we get there

That could also um have an impact on the price but all these levels I agree with I just don’t see us going down here so you can ignore these on the way up yeah this one here 1150 1145 the the high of the day here of Tuesday and then the Gap fill and

Then the old high after that 13 which we never really breached and then this 1350 and 1450 I remember these levels there you go everything there is correct I just had to add the low from the week next one is hecka yeah this one well first of

All it hit its low from down here that was nice to see this support sort of working 340 yes it went below but it reclaimed it quite quickly now it’s still still damn cheap isn’t it 360 I mean this is Heckler you know this is one of the main silver

Stocks um is there a descending there no not really so already taken it out okay so next clear we are at least trading back in this Zone still the lows so 360 if we go back up yeah the support from here 390 should be resistance after

That these are really small levels but I think I agree still 43 I don’t see why they would change yes 450s on the way up there’s that on the way down I’m just going to readjust this to here 335 if we lose that $3 yeah out of

Nowhere I think when I draw a line like this it’s because it’s a level psychologically it’s not based on anything in the past but this one looks like it is I don’t see us losing $3 soon but then yeah 270 okay I agree with those lines there let’s see and obviously be

Watching GDX and uh silver B2 gold this one I want to buy oh my God look at that it touched perfectly the ascending that is not a random event look at that so the ascending okay it’s it might not be very precise but it’s pretty precise it’s

Also a thick line from here there hitting the covid low and then look at that it touched it 244 out of nowhere that’s exactly why it found support there announced bouncing I don’t own it because I just put everything into ssrm for this General GDX level that we found

Ourselves in this week but if we revisit if ssrm is still holding up I really want some B2 gold I think long term it’s a great one it deserves to be up here with the others it’s got good dividend and it’s crushed and no offense for those who do

Own B2 gold but I would love it if it went even lower down to the co low $2 um well anyway let’s cover the levels so the level now is the low from down here I don’t really want to make a horizontal line because cuz it will just ruin the

Chart a little bit and it’s not really necessary if it was to come back down to the low 243 hopefully it holds for you guys if it doesn’t well I guess the whole sector is going down so I will suffer anyway but if we do go down you know closes

Below 240 next level is the co low let’s call it 220 that’s not too far away um and then after that would be $2 I gu yes the load from here also big round number I’m not going to add $2 in I just think it’s unnecessary for

Now yeah 220 will be the next one let’s see after it loses 220 then I’ll obviously add the next levels I just don’t want to add anything below for now then what then you got 180 this is let me just add this one this one’s a bit look even from

Here you see was support there kind of support there resistance there and then resistance back to support 180 is more of a level than two actually so two I’m not going to put everyone knows big round numbers I’m not going to put two think I need to remember that 180 is a

Bit of a level I don’t think we’re going there but anyway there you go those levels on the way down on the way up prior support 264 is once you reclaim that then it’s this level 280 and then after that yeah $3 and then you’re going to encounter some descending

Resistance if you were to keep going after that by now it’s up like huge uh 330 no no Then by then you’re just you’re looking for the old highs 344 yeah I agree with all those levels okay next I want to be too cold next one is K Ross mhm I like this

Ascending that worked very well wow look at this move up here on Thursday was there news or something or am I well look it gave back so much and then it almost now it’s in the Gap fill zone so now it’s underperforming uh kinos has not been crushed like the others

So yeah well first of all support is going to be you got $5 round number Gap field completion after that you’ve got four 90 it’s so close I I don’t want to do this it’s ruining the chart but okay 490 once you lose 490 honestly down you

Go 460 a small Gap there but it could be ready for a bit of a bigger drop to catch up with all the others that have been crushed so I don’t see it going down in wo like this but besides the Gap F and I’m not going to ruin the chart by by

Adding this but could have a little Gap field bounce but otherwise no clear here very strong support until 430 and after that I would normally say 340 but you’ve got this ascending that’s coming in which is probably more relevant although it’s not very accurate yeah 340 let me add 340 anyway because

It seems to coincide quite well with the chart in some areas there you go those levels on the way down there’s a lot of room there so I don’t see that happening in uh quickly or in one go definitely not go now on the way

Up on the way up H you know what this is still resistance even though we’ve traveled above it the last two days Thursday and Friday this five 1 or 510 still hasn’t reclaimed it once you reclaim it then you can say you’re back into this Zone

But yeah I’m going to leave this to there’s sort of five between 510 and 530 this is a bit of a range to trade and you still haven’t closed above it once you close above it it almost did here but it gave back so much on that day

That that was bearish which is why it started to trade down like this I I think this is weak and I think it’s just been outperforming the others that it’s um you’re better off somewhere else in the short term now if you really own it if you own it already yeah watch these

Levels on the way down now if it can reclaim 510 then you can retest 530 once you’re closing above 530 then you’re probably going to break out this descending which means you can start testing the high FES 580 590 or whatever I’m going leave that like that kin Ross is interesting okay

Equinox it had to do what it did there that’s amazing well done so we got this General ascending which now I have to readjust I don’t it’sit still it’s cheating almost isn’t it when you readjust it like that I’ll leave it anyway um okay so this I can get rid of this is

Why did I leave it in oh yeah because it’s significant wow so the old low of the week will be the new level 420 don’t lose 420 now look at this I remember this this penet here broke out of that so it held and on

A closed basis it always held you know I could leave that there it actually always held this 430 on a Clos basis so look at di below yeah no okay no that’s that ascending support counts so we always closed about 4:30 and then now we took out this descending and now we’re

Testing this High look at these highs from these candles this is really good actually look at this level here that is sort of popping its head above once it close Above This 460 three four Zone then up you go here it looks really good Equinox did really well to hold this

Level and honestly I can see with a bit of momentum in the sector you can go to test this 520 and then 560 yeah these levels are correct very good this is really nice and congested but it seem to have held this ascending support roughly especially on

A Clos basis now if you to lose um well 430 if it closes below 430 then it indic Ates indicates a bit of surprise weakness I don’t see that happening actually and once you lose 420 on a close basis then you have to go lower okay this has to go here and lower

Is yes $4 evidently and then after that that got down here okay all the levels are correct it does look a bit weird these these uh lines I’ve drawn but it makes sense to me anyway but this looks very strong actually very impressive you you could easily start testing the uh

The fives and even above that quite soon okay goldfields this is so hard to read I don’t want to sending some rough sending okay yeah well first of all this support level of 12 let’s call it 35ish has held I mean it didn’t even visit it but that still Remains the

Level to breach on the way down once you lose that I’m not sure if this ascending will come into play actually if it does then that make that means it’s a very credible line cuz I think it’s hit it three times here that would make it a

Four time if it goes lower then we’re hitting 1050 no doubt about it that’s a level then you got Gap fill yeah the rest is correct then you got this big ascending that definitely comes into play so those are all these lines here are your levels on the way way down on

The way up I’ve got this here I think it’s a good midpoint I think that’s why I did it it was a midpoint it was a bit of a level before and it was a midpoint cuz you you can’t just have two very widely apart this um

Zones like this you know you got two levels that just I mean how much of a percentage move is that you know 30% you can’t just say there’s nothing for 30% in a big senior like Goldfield so I’m going to leave that here it’s also a big

Round number okay I’m going to leave that that but first of all let’s see if we can close above the the high of the week right 1375 once you do you’re probably go straight past 14 and it may even hit the high of this period 1440

Otherwise yes $16 I think I should add this one big round number also the high from back here I’m going to leave this like this it’s quite hard to be very precise with goldfields in the middle of this range at least okay no gold wow that’s uh not the best candle

There down six and a half percent I wonder why that must be news this one is just you know it looks bit like ssrm actually but it does actually look like ssrm a little bit doesn’t it let’s just compare that a little bit just a bigger drop on ssrm but look

At this this just has I don’t really follow Nova gold um but then again I didn’t follow ssrm too much and then it got crushed and now it’s my favorite one but Nova gold well let’s just look at it technically the low 220 yeah that support if it loses that $2 big round

Number also the low from back here so I agree that and if it loses $2 you could even extend this and say it’s relevant from back here but okay $2 is serious support then you’ve got probably this little choppy period here $1 oh my God and then 20 cents well I’m

Not putting 20 cents in that’s just but yeah $1 wow that’s a 50% drop once you get to two I don’t think we get there so let’s see $220 then $2 then $1 but I think you’re not going to get to $1 like that you probably have to look

At GDX and gold for that on the way up let’s be honest we need to take out the high that we made on the week which is 260 once you take out 260 then why is this line here oh because it’s $3 then actually yeah $3 which coincides with the descending

Imagine it takes a few days up you go Bam Bam Bam and then three slash so there’ll be three levels um no this is not a level technically it’s just psychologically it’s just you’ll hit this descending so I’ll leave it there and then you hit the real resistance

Which is prior support 325 okay I agree with that and once you’re back above there then you can can play this range I agree I am gold wow still trading within this range this one will break out and move up this is so strong and I keep reading good news

About it I used to own it w I forgot where I owned it I think it’s just a little bit above where it is now but I remember I owned it then it went down and then it came up and it’s really stayed up it’s just not going

Down like the others it’s just it wants to hit its head above this thing it wants to pop its head above and it will run and look it’s got a lot of room to make this one bit like EG right a little bit like EO wow too

Many lines there okay so I am gold first of all this little choppy channel here it’s still trading within it it’s almost like it doesn’t care what happened this week look at it it made a new high there look at that massive move all the way to

265 that’s where it’s been trading for ages you know whilst the whole sector has been crushed so this one you can hide in IM gold so support is yeah this is sending and it seems to always find support before it gets there so this is very

Strong you can tell just the chart is telling you it’s showing you the price action of the last couple of weeks and you can just tell straight away this is outperforming a lot of the other Miners and it’s also very undervalued look at this low price and where it’s been before so I

Think this level here roughly 270 is resistance it could even go as high as 276 seven and then come back down so you know be a bit flexible there with resistance but the real resistance is this descending line look at that from ages ago from years ago it’s going to

Hit it it’s going to go you know I can see it so easily it’s going to hit this little 280 close above 280 then run past 3 three is not resistance by the way and then maybe hit 330 then come back down I almost feel like drawing it it’s it’s

You know something like okay it won’t take that long and then something like that you know some crazy thing like this is going to happen to IR am gold not in that time period but you know what I mean it’s going to run it’s going to run uh support yeah is

Going to be the ascending after that it’s going to be these levels I agree with everything else you’re just not going to see it go down there I really don’t think so Harmony oh wow that hit that perfectly didn’t it uh yeah so resistance becomes support

And it did again perfectly this week 540 that’s nice to see resistance H first of all you got to take out the week’s high so 570 which is also a gap now Gap beginning Gap close obviously you Gap close come small resistance too got these two little levels then after that

Honestly clear skies it’s a strong stock so I think it could easily make a run back to this old high 670 and then after that yeah 760 there you go all these lines are correct and there’s nothing else to add and after 760 yeah this hugely important one there you go all these

Lines are correct next one is the last one Anglo gold okay um first of all support is going to be 1650 on the immediate side because that was the low of the week it’s also a decent number but I’m not going to add that in

Um so the low of the week once you close below that will go straight away to the to the $16 level maybe even go below that and then after that is the low $15 nice round number but that’s the lowest period in a long time so you don’t want to lose

$15 but it’s you know just sort of sideways action on the way up resistance yes 18 you can see it was kind of resistance for a while it did go above it but kind of still held nice round number when it did go above

It hit pretty much 19 so let’s say 19 is a level and after that this choppy sort of rough resistance at 20 and then You’ got sort of gaps that starts yeah the rest I assume I did correctly there you go that is it let me just add one more

Line just seem to see this why not okay that’s it um God these videos take long exhaust me sometimes I hope you appreciate that I hope you agree if you disagree tell me if you want me to cover another stock tell me if you want me to improve something tell me just

Comment and uh good luck to all of us this week next week sorry yeah have a good weekend

4 Comments

  1. SSRM is mid tier producer, Its best mine Copler is located in east Turkey with expected life of 25 years and NPV of 1.4 millions as my memory. It accounts for about 25% of its total gold production. sudden mining accident happened 2 days ago with mudslides that killed 9 workers. The company suspended its operation immediately. Formal Turkish investigation started. The company lost 60% of its market cap within 2 hours. If the mine resumes its mining activities in next few months after settlement with workers families and Turkish authorities it will double or triple. If it doesn’t bad news are already priced in.

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