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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 505 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST Hot pick for 2023 - 1
hot-pick-for-2023--1Stock 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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GDXJ






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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AUY




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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. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


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Investing Quote...

.."[Point and] figure charts are more valuable than vertical [bar] charts"..

Richard D Wyckoff


.."The first rule is not to lose. The second rule is not to forget the first rule"

Warren Buffett


The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.

Basketball Legend Michael Jordan.


.."it is better to have few stocks and to watch them carefully”...

Bernard Burach


..'The inherent vice of capitalism is the unequal sharing of blessings. The inherent vice of socialism is the equal sharing of miseries"..


Winston Churchill




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