World economic and geopolitical situation ........
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Posted On: 11/25/2021 2:38:17 PM
World economic and geopolitical situation .......................................
Technical forecast for Gold, XAU, ABN.V
Long Term Trend:
Dec 2022 Gold Annually (Technically gold price will break out sharply in 2022 from the 2021 convergence, making new high over $2100)
https://bigcharts.marketwatch.com/advchart/fr...2&x=37
https://mrci.com/pdf/gc.pdf
XAU Annually (Uptrend of the 15-year Head&Shoulder "Return Move" is still intact and is resuming after one year's side way consolidation, it will test the 230 high made in 2011 and may make new record high in 2022)
https://bigcharts.marketwatch.com/advchart/fr...mp;state=8
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ABN.V Annually
https://bigcharts.marketwatch.com/advchart/fr...mp;state=8
ABN.V future share price scenario based on management's past track record and current resource potential, reinforced by anticipated rising gold price and rising XAU Index.
https://investorshangout.com/images/MYImages/...enario.gif
Management's past track record
Click for enlarged view
https://investorshangout.com/images/MYImages/...essold.jpg
CEO James Pettit sold Bayfield Ventures to New Gold Inc. in the $16.6 million deal
https://m.marketscreener.com/quote/stock/BAYF...-19365314/
Tim Termuende sold Copper Canyon Resources to NovaGold in the $62 million deal
https://www.northernminer.com/news/copper-can...000404723/
Short Term Trend:
Dec 2022 Gold Future (Gold has broken out from the October convergence on increasing volume followed by a technical pullback)
https://bigcharts.marketwatch.com/advchart/fr...mp;state=8
XAU (Stochastic Indicator shows uptrend in mining stocks has begun)
https://bigcharts.marketwatch.com/advchart/fr...38&y=5
ABN.V monthly chart (November up reversal signals beginning of an uptrend)
https://bigcharts.marketwatch.com/advchart/fr...mp;state=8
Fundementals that underpin price support for gold and mining stocks:
US Inflation rate
https://tradingeconomics.com/united-states/inflation-cpi
US world trade balance
https://tradingeconomics.com/united-states/balance-of-trade
US Quarterly GDP
https://tradingeconomics.com/united-states/gdp-growth
US M1 money supply
https://tradingeconomics.com/united-states/money-supply-m1
military tension between china and taiwan
https://www.youtube.com/results?search_query=...p=CAI%253D
military tension in South China Sea
https://www.youtube.com/results?search_query=...p=CAI%253D
Technical forecast for Gold, XAU, ABN.V
Long Term Trend:
Dec 2022 Gold Annually (Technically gold price will break out sharply in 2022 from the 2021 convergence, making new high over $2100)
https://bigcharts.marketwatch.com/advchart/fr...2&x=37
https://mrci.com/pdf/gc.pdf
XAU Annually (Uptrend of the 15-year Head&Shoulder "Return Move" is still intact and is resuming after one year's side way consolidation, it will test the 230 high made in 2011 and may make new record high in 2022)
https://bigcharts.marketwatch.com/advchart/fr...mp;state=8
ABN.V Annually
https://bigcharts.marketwatch.com/advchart/fr...mp;state=8
ABN.V future share price scenario based on management's past track record and current resource potential, reinforced by anticipated rising gold price and rising XAU Index.
https://investorshangout.com/images/MYImages/...enario.gif
Management's past track record
Click for enlarged view
https://investorshangout.com/images/MYImages/...essold.jpg
CEO James Pettit sold Bayfield Ventures to New Gold Inc. in the $16.6 million deal
https://m.marketscreener.com/quote/stock/BAYF...-19365314/
Tim Termuende sold Copper Canyon Resources to NovaGold in the $62 million deal
https://www.northernminer.com/news/copper-can...000404723/
Short Term Trend:
Dec 2022 Gold Future (Gold has broken out from the October convergence on increasing volume followed by a technical pullback)
https://bigcharts.marketwatch.com/advchart/fr...mp;state=8
XAU (Stochastic Indicator shows uptrend in mining stocks has begun)
https://bigcharts.marketwatch.com/advchart/fr...38&y=5
ABN.V monthly chart (November up reversal signals beginning of an uptrend)
https://bigcharts.marketwatch.com/advchart/fr...mp;state=8
Fundementals that underpin price support for gold and mining stocks:
US Inflation rate
https://tradingeconomics.com/united-states/inflation-cpi
US world trade balance
https://tradingeconomics.com/united-states/balance-of-trade
US Quarterly GDP
https://tradingeconomics.com/united-states/gdp-growth
US M1 money supply
https://tradingeconomics.com/united-states/money-supply-m1
military tension between china and taiwan
https://www.youtube.com/results?search_query=...p=CAI%253D
military tension in South China Sea
https://www.youtube.com/results?search_query=...p=CAI%253D
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