Pardon moi for wanting to be lazy and just cut to the chase. But basically one could look to the last column on the spreadsheet, Ranking OVRV, and choose the highest ranking, the ones in blue, and then do your own DD from there and pick what you like. Right? Or am I missing something?
Valuation Metrics of Canadian Gold and Silver Miners
I will lurk as well. Thanks for sharing.
Thank you for setting up this thread. Yesterday I was searching for that Morgan Stanley 79 page gold miner report that was posted on ZH and a couple other places. After searching the internet and realized it was removed, I returned to Turd's forum to find out that you had created the spreadsheet on google. So again, a big thank you.
Now since the HUI has held up today as I was hoping, I plan on utilizing your spreadsheet quite often
BTW, do you have the MS report or did anyone download it? Thanks in advance
Great work Gwyde! I will continue to follow your posts. Thanks.
How about Cream (CRMXF) today?!!? It has weathered this storm quite well.
Cream's got the goods.
Thanks to EricO, BoG, and Gwyde for getting this gem on my radar.
Yes, its hard to watch double digit declines... but theres alot to analyze in what we're seeing. I own Scorpio Mining (silver mining) so I'll mention this miner. (not to be confused with scorpio gold)
If you look at the chart (SPM.TO) you will see that last year ,from its base ,it was 60 cents !!....and went Soaring hyperbolic to a 4 bagger at the 2.40 top area. Thats a nice move but also a parabolic curve...and here comes the correction now....So far it has made a 'low' around 1.60
This price level is Still too high for my bargain seeking eyes...the weekly 50 MA is around 1.35 (I like that price point better) the left shoulder zone runs from a range of 1.60 to 1.20 In this moment of fear gripping the miners markets as well as severe manipulation...I'm reluctant to buy more at the top of this range (1.60) I'd rather see if Scorpio will drop another leg down toward 1.30 and even then, sometimes thats where the engineers slam it down more to shock everyone out...so maybe a good stink bid would be 1.20 ....and guess what....from a top at 2.40 to a 50% fibonacci correction gives us a target of 1.20. and a 50% fib from 60 cents to 2.40 gives us the 1.50 area (1.50 - 1.20 )
Scorpio mining is one of my best stocks. I got in at .61 last year. I didnt sell anything at the top...... and Ive been waiting for this, the first real correction to bring it back down to the buy zone at 1.50 - 1.35- 1.20
This is normal and accurate technical analysis. A strong stock might not make it to the 50% fib ,it might hold at the 38% area which might be closer to 1.45 as a bottom area.
So while we see the carnage happening across the board ,and it all looks horrifying....the technical movement of prices is still within normal parameters and the soaring upsurges we saw last year are giving it back now in a correction. However engineered and manipulated the slam down is propelled by the wizard behind the curtain could make these corrections more violent ,and it looks like were seeing this. a year of gains evaporating in a few weeks if not days. but the technical price points are falling in line ok....and finding the target zones to buy remains a viable strategy . I want to keep studying the charts and finding bargain targets.