The price is roughly locked in a consolidation pattern with $12 as the top boundary and $8.50 as the lower boundary. Our fear factor is very low for the company. The lower the price, the more we expect to buy. The goal is accumulation and not risk aversion. You decide what aspect of risk management fits you the best. The $7.50 price in the chart above was on the announcement of Russia invading Ukraine. We’d like to say the bottom of the consolidation pattern is around $9.00 but it wasn’t, so we’ll use the lower base-line. If you see a $9.00 price or lower on Soluna we think of it as a gift.
Pretty hot stuff, EQT*, like gas on fire. Continue reading
The above chart pattern off the sharp rally that started March 21 is a Flag Chart pattern. The declining price is like a flag waving in a gentle wind. This is what is called a continuation Continue reading
Vizsla Silver, Stock symbol, VZLA, Price is $1.86
Mid-January to Mid-April: EQT moved from $20 to $40. Now what?
It is a big move for a big company. You will likely want to take some money off the table, but as you know by now, we subscribe to the adage, “Let Your Winners Keep Winning.” Continue reading
Newmont is an easy Institutional favorite. Its price is showing that it is under accumulation by Institutions shifting towards gold miners. We believe this trend will extend into smaller companies in the industry. Continue reading
The comments made by the Federal Reserve is tough talk. We will see if they follow through, but we also cannot ignore what they are saying. The current thinking is interest rates could increase by half a percent in each of the next three months. Crash the market and bring the market back before November elections. Political manipulation – It’s not like it hasn’t happened before. Be prepared as the scouts say. Continue reading
