Steve you mentioned the 200 day moving average a few times ,do you think it's a valid measurement of when to buy a stock, apart from any other Technical Analysis just the equity being at 200 ma or below? Thanks.
@@neilhickey497 You know I’ve been getting a lot of questions on TA. I think I’m going to do a video on chart patterns and chart reading. Nothing crazy just 20-30 minutes on different patterns and like you mentioned the 200 DMA and such.
As always, a great broadcast. I've looked at the spot price going back to 2020. For every year except 2022, spot price rose in September, and again in October. That seems like very good odds to me that we see a rise in spot when the September report comes. But alot could happen before then. I only follow Cameco, because I see it as a bell weather. Today, it hit $36 a share. I planned to buy at $36 because I felt like that was a more than fair price for the asset. It's hard for me to imagine going lower, but...the charts...I just couldnt pull the trigger. It recovered a bit at the end of the day but on very low volume. To me, it looks like more pain to come, at least until September spot comes out to hopefully give us some catalyst to the upside. Please...someone tell me we're at a bottom...
Hey Steve, missed the live again but just had a simple question related to the entry/exit arrows. Looks like yellow are call options? Other than that I haven’t been able to decipher what the colours all mean. There are blue, purple, green, red and yellow arrows? Thx as always, never miss a Monday market move even if I miss it live 👍🙏
I see H&S pattern on PAAS, back to early May. If silver comes under further pressure, could see PAAS back to at least your $17.25 white line (several peaks there in 2H2023). Other silver stocks show similar pattern ... ugh.
Exactly, BHP RIO pay great dividends and Resolution mine will someday materialize. If copper soars aluminum will be used more so I'll be DCA during any recession to pick up on the low. Nice podcast.
But Australia will take alot of the dividend in taxes and it is hard to get some of that money back from Australia which needs some stupid paperwork. If you buy Rio Tinto in the London stock exchange you get all the dividend and nothing held back with a stupid tax system.
Can’t find the Matt Warder Questions Post, please can you ask about Thungela TGA, thermal coal player looking at acquiring met coal assets potentially. Please ask :)
I did, just didn't bring it up this week. The wifi in the hotel is pretty slow, so I showed a lot fewer stocks this week. Next week I'll be back in the studio and can bring them all up again.
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@@Chris-4i2 Thank you 🙏
Thank you Steve!
Steve you mentioned the 200 day moving average a few times ,do you think it's a valid measurement of when to buy a stock, apart from any other Technical Analysis just the equity being at 200 ma or below? Thanks.
@@neilhickey497 You know I’ve been getting a lot of questions on TA. I think I’m going to do a video on chart patterns and chart reading. Nothing crazy just 20-30 minutes on different patterns and like you mentioned the 200 DMA and such.
That'd be much appreciated Steve!! Great job as always today !
Cheers for your points Steve!!!
As always, a great broadcast. I've looked at the spot price going back to 2020. For every year except 2022, spot price rose in September, and again in October. That seems like very good odds to me that we see a rise in spot when the September report comes. But alot could happen before then. I only follow Cameco, because I see it as a bell weather. Today, it hit $36 a share. I planned to buy at $36 because I felt like that was a more than fair price for the asset. It's hard for me to imagine going lower, but...the charts...I just couldnt pull the trigger. It recovered a bit at the end of the day but on very low volume. To me, it looks like more pain to come, at least until September spot comes out to hopefully give us some catalyst to the upside. Please...someone tell me we're at a bottom...
Hey Steve, missed the live again but just had a simple question related to the entry/exit arrows.
Looks like yellow are call options?
Other than that I haven’t been able to decipher what the colours all mean. There are blue, purple, green, red and yellow arrows?
Thx as always, never miss a Monday market move even if I miss it live 👍🙏
I see H&S pattern on PAAS, back to early May. If silver comes under further pressure, could see PAAS back to at least your $17.25 white line (several peaks there in 2H2023). Other silver stocks show similar pattern ... ugh.
Hi I trade Platinum and in the space bought Impala platinum IMPUY thank you so much Issy
I also think Bitcoin is the new tulip mania
👍
You had an interesting interview with Seabridge Gold. Are you not covering this company?
Exactly, BHP RIO pay great dividends and Resolution mine will someday materialize. If copper soars aluminum will be used more so I'll be DCA during any recession to pick up on the low. Nice podcast.
@@Rhardebeck Thank you, glad you like it.
But Australia will take alot of the dividend in taxes and it is hard to get some of that money back from Australia which needs some stupid paperwork. If you buy Rio Tinto in the London stock exchange you get all the dividend and nothing held back with a stupid tax system.
Can’t find the Matt Warder Questions Post, please can you ask about Thungela TGA, thermal coal player looking at acquiring met coal assets potentially. Please ask :)
Oh I forgot! Thank you, just posted it now. Can you put your question in there so I don't miss it?
Also what happened to Birchcliff, thought you started a position?
I did, just didn't bring it up this week. The wifi in the hotel is pretty slow, so I showed a lot fewer stocks this week. Next week I'll be back in the studio and can bring them all up again.
Im long on Peyto