Franco Nevada leading the gold miners (again)

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)

FNV makes 62% Fib as expected, rallies

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

Gold stock leader Franco Nevada (FNV) burrowing toward a low?

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?

A slight inkling for gold stocks?

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?

The Unstoppable, Over-Valued Golden Beast

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

Which Royalties Are Royal?

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?

NFTRH+; Charting a Coming Pullback/Buy Opp. in a Premier Royalty Co.

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.

Meanwhile, Over in the Gold Mining Patch

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

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NFTRH Update; FNV and RGLD for Perspective on the Gold Sector

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