Chart still needs more time to heal.I don't care what the gold & silver miner perma-bulls or trolls say.
Correction still ongoing for, offering no lower risk, higher reward opportunity.
Chart still needs more time to heal.
ASA Gold and Precious Metals Limited
No trades
No trades
Compare with ASA Gold and Precious Metals Limited
39.13 USD
664.07 M USD
148.16 M USD
17.66 M
Company info
Sector
Industry
Website
Headquarters
Portland
Founded
1958
IPO date
Mar 17, 1980
ISIN
BMG3156P1032
CUSIP
G3156P103
FIGI
BBG000BCDWN0
Identifiers
ISIN BMG3156P1032
ASA Gold & Precious Metals Ltd. engages in the investment in the securities of companies engaged in the exploration, mining, and processing of gold, silver, platinum, diamonds, and other precious metals. The company was founded by Charles Engelhard on June 12, 1958 and is headquartered in Portland, ME.
I don't care what your FAVORITE gold & silver mining GURU says..I don't care what your FAVORITE gold & silver mining GURU says...
The AGGREGATE of miners are still in a correction when priced in gold.
And that is INCLUDING dividends.
No reason to favor the miners over gold until this breaks out.No reason to favor the miners over gold until this breaks out.
Yes, this is a dividend adjusted chart!
Not all miners are created equal.The gold & silver mining industry is still below a potentially important long term plateau when priced in gold.
If your goal is to outperform gold itself, you'll need to be selective.
Not all miners are created equal.
Miners are entering an important correction when priced in gold.Miners are entering an important correction when priced in gold.
The chart doesn't care what the precious metals gurus are saying.
I am not trying to be hostile, just trying to help out.Show this to your favorite gold & silver miner gurus when they try to convince you this is a lower risk, higher reward entry point.
Unwind still in progress. Only proper chart analysis can showcase this.
I am not trying to be hostile, just trying to help out.
I'm not making any friends in the gold & silver mining industry I know, I'm not making any friends in the gold & silver mining industry right now...
But I have to be objective and truthful.
Here is the unbiased analysis if you are interested 👇
Wall Street has repriced gold & silver miners by more than 500% Wall Street has repriced gold & silver miners by more than 500% over the past 2+ years.
So, I'm not sure how the perma bulls are able to keep saying nobody likes them & they have to keep rocketing upwards.
Oh wait... yeah, they are perma bulls.
My fault, what was I thinking.
GOLD & SILVER MINERS CONTINUING TO FALL APART.GOLD & SILVER MINERS CONTINUING TO FALL APART.
Step #1. Correction in price (still ongoing).
Step #2. Consolidation in time (has not started yet).
How much more pain are you going to endure as this plays out?
Truth About The Gold & Silver Miners.Truth About The Gold & Silver Miners.
Yes, they had a great run. Most of our winning trades have been miners in the past year.
But that seems done now.
I wouldn't trust anybody that can manage to spin this as a lower risk, higher reward "BUYING" opportunity.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral
Displays a symbol's price movements over previous years to identify recurring trends.
