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The Party is over for Gold Well, we have a decent sized Head and Shoulders formation on Gold, and the Fed just increased interest rates. We think that Gold will retest the lows around $4050.00.

Richemont Head and Shoulders Decent sized head and shoulders pattern just broke on CFR with a downside target of R3210.00. We entered short at R3539.13. Admittedly a bit late to the party. We entered a half-sized position now and have the other half of our order on the offer at gap-close, which is at R3613.00. Let's see how this goes. We'd like the bounce to pick up the rest of our order at gap close, but we don't want to miss the trade completely if that bounce doesn't come. Hence entering half now.

Undervalued to NAV in a big way, makes for a very bullish setup This chart looks a little mess with that upward slanting channel being broken, although the stock is holding the latteral support level very well. We see BTI as grossly undervalued to NAV. Well, this is not as much an opinion as it is an objective fact. The stock sold off hard on the back of an asset disposal an the market is now holding its breath waiting to see what the company is going to do with all its cash. Share buybacks is a part of the answer, but what are they going to invest in? At this stage, nobody knows. What we do know though is that from an NAV perspective, this stock has around 30% upside. We like that! We like that its holding the support and has plenty of upside. Being traders, we don't want to hold this forever, but we see an entry here with a target price of R1050 as a very good risk reward trade.

Prospecting for Gold We bought some DRD, looking for a bounce back to that 200-day moving average. It's a fairly tight stop loss with a good risk-reward.

Oil looking poised for a break out Wait for the formation to break before making any trades. That said, it does look like Oil is setting up to trade higher. Maybe as high as the recent swing highs?

Barrick Gold The last time Gold was trading at $2100, Barrick Gold was at $26! Today it is still below $16. The world is obsessed with tech stocks while the gold stocks are deeply undervalued. This is such a strong buy. This chart shows the physical Gold price versus Barrick Gold. Both have been rebased to 100 and so that they can be accurately compared. Gold has pushed to new highs while the mining stock has drifted lower and lower. This gap will close, and we think the safest way to play it is to be long Barrick Gold.

AngloGold Ashanti AU has run a bit already. We called it come time ago when it broke out of the range, so this post serves a little like an update. We think AU reaches $26. If you missed the breakout, it might be difficult chasing the stock here. You cold put a 2-day low trailing stop loss on if you wanted to get in now and still have a favourable risk-reward. As is the case with Barrick Gold, AU has not run nearly as hard as it should have given the Gold price and it has a lot of catching up to do. So even if you are late to the party here, we think there is still good money to be made.

PAN African Resources PAN is breaking out of a long-term range. Consider that this is a weekly chart looking at 5 years' worth of data. So, this price target will take a good long while to be reached and it certainly won't happen in a straight line. That said, we really like this stock for the medium to longer-term.

SILJ Ok, Silver is not Gold... but we can't help but wonder when Silver will be catching a bid? Also, this downtrend line is on the verge of breaking.

FNV - getting a lot for very little FNV has been under some pressure recently, as is the case with most Gold stocks really. FNV is another prime example of a high quality Gold miner that is trading below its 200-day moving average while Gold itself if making new highs. This is a strong buy from us.

MCG - new deal, new highs?So MCG turned down Canal +, only to announce a content deal with Paramount Plus. This is certainly good news for MCG streaming subscribers. Here's looking good for new highs once this level is broken. We bought the break at R107, which may have been a bit early, but we think it should be ok in the end. Target is R123 with a stop at R100.

HECLA HECLA is trading as if Gold is trading at the lows. This is more of a Silver play, but HECLA has Gold exposure that is seemingly going unnoticed.

When good trendlines go bad So, the channel finally breaks and we head lower to support. Will update the idea tomorrow with targets etc.

Picking bottoms in MTN Well, this is very much against the trend, but there could be a triple bottom forming. Buying here gives us a 1:3 risk-reward ratio, which we think is attractive. Our trade is from this support level to the 200-day moving average. Should the triple bottom formation play out, it opens for a target well above the 200-day moving average giving the trade a 1:6 risk-reward. Our play here is to either stop out below our stop, or take half the profit on the 200-day moving average and keep the last half of the trade open, on a trailing stop, and sell at the formation target (around R117).

BTI - Early entry into potential trend change We are climbing on the bus a little early with BTI. The stock has recently broken above the 200-day moving average, which serves as a great longer-term trend indicator. Thus, we are taking a small long position here, ungeared, with the view to hold it for the next 12 or so months.

Bitcoin going for that moonlanding?Well, those who have followed our blogs over the last few years would know that we are somewhat (really) bullish on Bitcoin. yes sure, it will be a wildly bumpy ride, but if you have some, just keep em! Anyway, this chart shows a potential breakout move to new highs. Wait for the flag formation to break higher before you have confirmation, but in our view this is a high probability outcome.

The trend is a-changing?Interesting perspective here on Sasol. We use a weekly chart and show how that downward sloping trendline has changed from resistance to support. Could this finally be the changing the tide?

GRT basically at target here Almost time to take the money on GRT. We called this trade on Trade of the Week on BDTV some time ago. The time to bank the profit nears.

The eye of Sauron, or just another level to be broken?We've seen this kind of setup before. Usually these can be rather good topping patterns. Should the US500 fail to break above the black line indicated and go on to print a new all-time high, we would target the black trend line that coincides with the purple support/resistance level. Wait and see... but our call is that we get a proper correction here.

Probably safe to trade the bounce here Oil has come under pressure over the last few months but has now traded down to just above a rather significant support level. The $71.71 level (give or take) has been rather significant since early 2020 when it was resistance. Since then, it has turned into support, and now Brent has come down to test it as support once more. Our thinking is that it would be a safe trade to go long for the bounce here. At the very least we will know quickly that we are wrong if the support level fails. At best, we can get a great entry to trade Brent back up to around $90.

JSE making a bull flag Looks like the JSE is making a decent bull flag. We will wait for the break, but it looks like a good setup for a long trade.

Time to buy Gold again?Gold is starting to look good for a new long entry. Stochastic is pushing up through 20, price might break the recent down trend. We would say that you need to wait for the trendline to break and for the stochastic to break up through 50 before this is a confirmed long trade, but since we want to put it on your radar early, we are calling it a long trade now.

Time to buy some Sasol again It looks like Sasol is holding support pretty well. Time to buy again we think

If the market wants to go up, we follow The US500 is breaking the resistance level and trading to new highs. We have to remind ourselves that we are not here to predict, but rather to follow the market. The market is breaking higher, and thus we follow. For this trade, likely best to just use a trailing stop loss using either a 2-day low price, or ATRx2 trailing stop loss.