GFI: Monthly trend is ready...This is an update to my previous call for this stock. I've been trading it on the long and short side, until we had a good enough reason to jump into longer term gold positions recently.
I think we have good odds to see this monthly forecast pan out, so don't miss it. You could also be positioned in $GDXJ, $ARNGF, or $KGC, alternatively, but I favor this one personally.
Best of luck,
Ivan Labrie.
Market insights
GFI: Bought at market open - Huge potential, great fundamentals$GFI is an optimal pick when it comes to gold miners. The valuation is very good, and growth exhibited by the company this year exciting. The situation in South Africa has scared investors away, but I believe it will be a very interesting trend going forward. At the same time, this play serves as a risk off bet, which is welcome in the current enviroment. We are long with a 10% position from 14.09 as of today's open.
Best of luck if joining me on this trade. The monthly trend is potentially up, and there is a chance to confirm a rally to considerable heights by the end of the month.
Cheers,
Ivan Labrie.
Gold, silver companies are about to surgeShares of basic material companies are surprisingly surging up after several days of down consolidation. Companies such as Alamos Gold Inc., Golden Minerals Company, B2Gold Corp, Fortuna Silver Mines Inc. and Gold Fields Limited are performing extremely bullish for the last two sessions during which two vital bullish candle patterns have been formed: engulfing and gap. This has been coupled with increasing volume.
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