Tuesday, 5 September 2017
CNMC Goldmine: 5 September 2017, Tuesday, 9.35pm Singapore Time
5 September 2017, Tuesday, 9.35pm Singapore Time
(Click on the Chart above to Enlarge)
Attached above is the technicals for CNMC Goldmine. The yellow region is the zone of the supercycle change of trend to uptrend (large wave uptrend). The decreasing volumes as illustrated in red are healthy shakeout volumes. Selling is finally dry now. The violent shakeout volumes are signs of big upwave to come and signs of bullishness in the gold market and gold miners' market. The backtest of the huge resistance-turned-support of the yellow band zone means the gold miners are ready for more upmoves. This applies too to all metals mining companies all over the world if one does the intermarket comparisons, irregardless of the metal or mineral. Gold, Silver, Copper, Platinum, Palladium, Nickel, Steel and almost all metals will super rally. The supply is dwindling internationally while many metals trades in the financial markets now want physical delivery of the metals, they do not even want the profits, they want the physical raw metals, meaning the upside is long term, sustained, and significant. There may even be a powerful metals, raw materials and basic materials squeeze to the upside.
Bullish on commodities, metals, commodity stocks, metal stocks, mining stocks.