BCN 0.00% 2.6¢ beacon minerals limited

New Article: The Best Gold Miner Value Stock in the World? Looks Like Beacon, page-6

  1. 5,868 Posts.
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    ooh nice red candle on the DXY overnight, I suspect if the DXY breaks its short term uptrend this will drive gold to new highs and potentially the top of this current run in gold..

    https://hotcopper.com.au/data/attachments/6077/6077274-f68c45e54b18052fefa92b1a0f5f94e7.jpg


    potential top of the current leg in AUD 3570ish or some moving targets in the lower half of the 3600s.. f we are entereing a GFC type environment, the DXY could well have a strong run whoch could justify a consolidation period in gold. just throwing some darts / ideas to keep an eye out for.. i would expect at a minimum after this current run is done we would go back to test the midline of the channel (the main colourful one)


    https://hotcopper.com.au/data/attachments/6077/6077269-8db254aa66a9cd40d2423ceddb090c15.jpg


    Silver in AUD also broke out yesterday, copper also looks pretty strong.. either QE is coming or people are just buying all commodities as protection against debasement of currency
    https://hotcopper.com.au/data/attachments/6077/6077285-38f647b44c983574c8504047412daaaa.jpg
    Last edited by FishingAndBeer: 04/04/24
 
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