Franco Nevada stock (FNV) leads again Early in the year we noted that FNV would lead them. Sure enough, it did; to a strong, tradable, but ultimately failed rally. Then we managed the low perfectly in September, before asking once again whether it could lead a new rally. Answer? Yes. FNV took out the moving averages, tested them as support and dinged a new high … Continue reading Franco Nevada leading the gold miners (again)
Franco Nevada stock (FNV) continues to rally Last April we noted the leader, FNV would lead the sector, after I bought the wipe out in March. In September we projected another low upcoming with support and the 62% Fib in view. Earlier this month we noted the hard bounce from that low at the 62% Fib. And so here we are, with the precious metals … Continue reading Would Franco Nevada lead them again?
Franco Nevada stock (FNV) is a gold stock leader FNV, which buys metal mined by ole’ Huey above, perfectly registered the support (including the 62% Fib retrace level) as noted likely in this September 27 post… Gold stock leader Franco Nevada (FNV) burrowing toward a low? Well, doink. Yes, I bought it and no, there is no ‘all-clear’ yet for gold stocks. Quite the contrary … Continue reading FNV makes 62% Fib as expected, rallies
Franco Nevada stock is dropping toward the 62% Fib retrace level As the tax loss selling Olympics appears on the horizon gold stock (with a little diversity into energy and PGM) leader FNV is diving toward the 62% Fib retrace level and below that, support at 124 (+/-). Reference the April 1st post: Franco Nevada Would Lead Them. A personal buy near the lows yielded … Continue reading Gold stock leader Franco Nevada (FNV) burrowing toward a low?
Quality companies like Franco Nevada and Kirkland Lake are filling gaps Make no mistake, the HUI Gold Bugs index is technically bad and if we’re sticking to the letter of the technical law, potentially very bad (based on downside targeting). But a couple of quality items beg the question of whether at least a bounce can come about soon. FNV has its sights set on … Continue reading A slight inkling for gold stocks?
What if FNV, which bottomed and launched first and best to signal the March gold stock rally is signaling a new leg up now as it failed to top out as I had incorrectly projected and has ticked a new high today, is leading again? Royalty companies are not encumbered by the same inflationary cost burden negatives as miners (MMX was added this morning with … Continue reading NFTRH+; What if?
PPH was added for technical reasons, FNV for gut reasons Yesterday I noted the daily chart pattern for which I bought PPH, the Pharmaceutical ETF. Back in February I added FNV per the NFTRH Trade Log (and weekly portfolio updates), and noted it later in this post as we evaluated the prospect that FNV may have been leading the gold sector bounce (it was). I … Continue reading PPH & FNV; Man Stares at Two Charts
FNV continues to rally (and lead) Franco Nevada does not mine gold. It holds royalties on the gold that Huey (above) digs and wheels out of the bowels of the earth with nothing but a pick, a wooden cart and sheer determination. It is also somewhat (but not heavily) diversified into more cyclical assets than gold. FNV, like most of its Royalty bros is richly … Continue reading The Unstoppable, Over-Valued Golden Beast
FNV would lead the gold stock sector FNV has been bullish since I bought it (and GOLD, on which I already took the profit) on the sector wipe out a month ago. I bought it for no chart based reason other than it was getting killed and it’s a good company with fairly diversified royalties. So the position is nicely profitable but it’s at a … Continue reading Franco Nevada Would Lead Them
Headline Royalty stocks are trending down while a few lesser ones still look bullish I know that the Royalty/Streamers buy Huey’s gold after he pushes his cart out of the cave, but I just love that picture. Without Huey, no gold royalties. Which ones look bullish? Certainly not Royal Gold, heading down for a half a year now. Certainly not Franco Nevada, heading down for … Continue reading Which Royalties Are Royal?
FNV is apparently being puked by the the institutions that no doubt piled into the premier gold stocks during the Corona-panic. They must be busy chasing value (that’s sarcasm) in the broad stock market now that the Fed has created a sentiment backdrop where it’s okay to think the worst is over and you can throw your devaluing munny units at stocks again. I digress. … Continue reading NFTRH+; Charting a Coming Pullback/Buy Opp. in a Premier Royalty Co.
I think I over compensate against my personal dislike of the gold sector’s various perma marketeers and promoters, not posting as much publicly about the sector as I do about US stocks, Treasury bonds/yields and maybe even global stocks and commodities. But probably the most important and detailed segment in NFTRH has been the Precious Metals segment since we began getting constructive on the macro … Continue reading Meanwhile, Over in the Gold Mining Patch
When updating the NFTRH Trade Log I sometimes add a little detail about the whats and whys. In this case I want to put up a chart for subscribers (public welcome to consider or discard as you wish). Buying any gold stock is a bit of a risk on a day like today because Trump is threatening missiles and one way to lose money is … Continue reading Franco Nevada (FNV) to Break Consolidation?
I thought that gold bugs in the subscriber base might be interested in the goings on with two primary gold royalty companies, especially due to our current ‘unconfirmed’ status on the gold sector. This update puts aside all the wordy analysis to date on the miners and notes two ‘royalties’ that are in bullish looking setups. First a look at the weekly FNV-RGLD ratio. As … Continue reading NFTRH Update; FNV and RGLD for Perspective on the Gold Sector