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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 1134 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
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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...
..“The Tape Reader’s profits should develop naturally. He should buy or sell because it is the thing to do – not because he wants to make a profit or fears to make a loss”…
Richard D. Wyckoff
..“Successful speculation requires staying on top of changes in industries and companies that either create new industries or improve on existing industries. The majority of your profits will come from these two … The shrewdest traders throughout history all adapted the skill of reactionary change, as the market constantly presents new and different opportunities.”..
Bernard Baruch
..."The four most dangerous words in investing are 'This time it's different' "...
John Templeton
.."A socialist is someone who has read Lenin and Marx. An anti-socialist is someone who undertstand Lenin and Marx"..
Ronald Reagan
..“The key to successful investing is having everyone agree with you — LATER.”..
Jim Grant
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