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Created on: 12/30/2022 4:05:42 PM Last Update: 1/12/2023 1:21:03 PM Posted by: RTT
WARNING: This entry is 869 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Hot pick for 2023 - 1
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 Stock pickers are now making predictions for 2023, RTT's sector market call is related to hard money.
For two years GDXJ has failed to make new yearly highs. 2023 should be its year.
The good news is all the accumulation over a 6 year period (2014 - 2020) has not been divested, we know this as the volume over 2021/22 is very light and no new yearly lows have been made. This is basic Wyckoff accumulation logic and the chart below shows this well. The point is GDXJ investors are holding and waiting for new yearly highs.
GDXJ will require gold, silver and stocks to do well for gains in 2023. Or more simply the US dollar will have to be weaker through out 2023.
Retail investors should place GDXJ on their watch list, and wait for daily and weekly price action to show the market whales are moving price higher to new ground. In other worlds a Wyckoff sign of strength.
Watching and waiting ..
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Yamana Gold is a large market cap stock within the GDXJ ETF.
Yamana Gold Inc is a gold and silver producer that is headquartered in Toronto, Canada. The firm has operations in Canada, Brazil, Chile, and Argentina. Its shares are also traded on the New York Stock Exchange (NYSE).
Yamana Gold Inc. mineral resources as of 2021 stand at 176 million tonnes. Out of these, the Jeronimo resources constitute the largest chunk, as they stand at 95 million tonnes. The firm's mineral reserves of gold are 388 million tonnes, and its proven and probable gold reserves are 758 million tonnes.
Via Yahoo.com
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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
.."Don’t trust your own opinion and back your judgment until the action of the market itself confirms your opinion"..
Jesse Livermore Trading Rule
.."A businessman cannot force you to buy his product; if he makes a mistake, he suffers the consequences; if he fails, he takes the loss. If bureaucrat makes a mistake, you suffer the consequences; if he fails, he passes the loss on to you"..
Ayn Rand
.."It does not take a majority to prevail, but rather an irate tireless minority keen to set brush fires of the freedom in the minds of men"...
Samuel Adams
..“The main purpose of the stock market is to make fools of as many men as possible”..
Bernard Baruch
..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..
Bernard Baruch
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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