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?
Another subscriber request, this time for gold royalty company Sandstorm (SAND). I’ll add this back to the weekly NFTRH list as well so I’m not spending too much time out here doing individual gold stock charts. We find SAND (daily) in much the same posture as the sector, ticking a cycle high off a pattern that would have a nice upside measurement, assuming support holds. … Continue reading Sandstorm Gold (SAND) per Request
SAND was an under-performer on the post-May rally in the precious metals, but I held it as one of the keepers while taking profits on many of the vertical bottle rockets that went off last summer. The reason was partly that under performance. It did not seem as vulnerable as some others to the oncoming correction. But it was mainly because Mark at IKN (the … Continue reading Sandstorm Gold and Why Sometimes You Just Hold the Line
As you may have noticed, I have been holding SAND for the last several weeks in the Roth IRA. It was not bought for technical reasons; it was bought for wanting to own SAND reasons. NFTRH+ being a technical service, I want to call your attention to its daily chart. SAND is creeping above both lateral resistance and the 200 day moving average today. If … Continue reading NFTRH+; A Gold Royalty in a Breakout Setup
A few notes at mid-week. After getting the dual signals on gold (ref. my crude cycle chart and the CoT report data in NFTRH 428) and labeling gold in a developing positive risk vs. reward situation, I decided to buy back SAND and BTG at around the same prices I sold them last week as part of the year-end general profit taking I undertook to … Continue reading NFTRH; Market & Trading Notes
Let’s take a look at a daily chart of Sandstorm (SAND, SSL.TO) since one theme going forward (in an inflationary phase) is to prioritize Royalty/Streamers and exploration over gold producers, and SAND remains a stock of personal interest (and a current ‘Strong Buy’ from Mark at IKN). I want to reiterate that we are only managing potential bounces in the sector for now. Some great … Continue reading NFTRH Update; A Gold Royalty & a General Gold Sector Update
Daily technicals with no cluttering fundamental or sentiment commentary.
HUI hit resistance above 240 in the form of the neckline to a pattern that could actually prove bullish. I have been thinking at least the first gap may fill but so far, it’s not happening. The pattern, which some would call an Inverted H&S (bullish reversal) is actually a consolidation of some kind with a bullish look to it. If it were to play out that way it measures to around 275.
I am taking partial profits in the gold stock sector because those who could not hold off anymore seem to be buying in. That is capitulation. One item I’ll take profit on is SAND, which was NFTRH+’d in this update (now public), with a target of 3.80. I had traded it once previously but bought it back last week just before it broke out from … Continue reading NFTRH+; Booking SAND Profit (public)
As you may know, I have a friend in junior mining analyst ‘Otto Rock’ from IKN. As is noted each week on the last page of NFTRH reports, I recommend his work because it is put forth honestly and he calls it like it is, whether that makes him look good or not. Point being, I trust the guy as a nugget of gold among the lumps of coal that make up the gold stock analyst community.
