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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (90157)	3/1/2017 5:25:20 PM
From: Underexposed	3 Recommendations Recommended By 3bar GROUND ZERO™ mary-ally-smith Read Replies (2) \| Respond to of 218640

Well it was a rocky ride with Gold in the last 24 hours and it seems I was right in my conclusion when I said If there was a pullback to 1220... which could happen, I would not change my overall conclusion and expect it to rebound to challenge the 1260 again and probably beat it. we did have a plummet to 1238... not quite 1220 but close and a rise again to 1249ish this is not necessarily a sign of great times ahead though... Gold still has to deal with that resistance at 1260 and then the 2 other ones after it and probably a couple more after that. I like playing gold stocks myself ... the one I currently like is B2Gold [TSX:BTO] [NYSE:BTG] It is a pretty good junior producing mine which is in the penny range for Americans @ about $3.00usd but in the Canadian market we it is at $4.25cdn and we don't look on it as a penny unless a stock is under $1.00. B2Gold has a decent Market Cap at 4.1 Billion shares and typically trades 10 -20 million shares per day in Canada and the same in the USA. There is one thing that currently bothers me about gold plays today Everyone is getting gold fever when it comes to the price of gold metal... but do you know that EVERY gold stock is showing bear.... every one including BTG. BTG is better than most... it is only hinting at being bearish and that is only in the last 2 days (note the 60% gain this year at its height. See the BBWidth in the circle... it is still falling and has not turned suddenly positive... If it did this would be full on BEAR Same with ABX but note... this stock has lost 1/2 its gains for the year... not so with BTG... also see the decline started in the share price much earlier... all that is necessary to be full on Bull is an upturn in the BBwidth. Agnico Eagle is another gold producer and You see the BBwidth is rising making this stock a full on bearish stock. Gold Corp... one of the world's largest producers of gold... Starting a reversal in the BBwidth.... It is definitely turning BEARISH Finally a purely American mining company... they don't list on Canadian markets. They are into Gold and Copper... perhaps the copper side is what limits its share price as it certainly has been out performed during the current year. It too is in full BEAR mode. Conclusion I could go on and on showing you PRODUCING Gold mines and they all show the same thing.... turning bear. This runs in the face of the interest in the price of gold..... don't you think. These companies get their value by what the price of gold is... and they are tanking. Makes you think...eh!