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?

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

NFTRH Update, A Leading PM Royalty Co. on Verge of ‘Bull Market’

Franco Nevada (FNV) is described as one of the best (if not the best) run precious metals royalty plays by people who seem to know their stuff, fundamentally.  What I see is a quality royalty company that is above resistance (now support, green line) and at a critical trend line (blue), that was the former uptrend line out of the 2008 market liquidation. I also … Continue reading NFTRH Update, A Leading PM Royalty Co. on Verge of ‘Bull Market’