hi all, this is not looking good! The smart money is out and all we have is a jump in the pool and enjoy the swim until it starts raining!! Vacation is over and the smart money is out so take profits on DF as we are not coming back to $5. We did not hit my targets from past posts and this is not a good sign. Forget the markets as they are doing whatever the media or news wants to do. Right now looking at the chart from yesterday DF made no moves past $5 and this is a bad sign of things to come. Right now at $4.84 is not a positive comeback over $5. My last post showng you my target can happen to at least $4.50 into next week. So think about it over the weekend and be ready for Monday trading as this stock has to pass $5 to stay alive!! I know i will be watching and it is critical by April 10th this stock be above $5 range to keep the momentum alive into the 3rd week. I have seen this before in FFN last year and just get knocked down back below $4 in 2023. So for now take profits if you followed me on my posts since January and you made a lot of money. Right now this stock is being held down by Quadravest and i hate to say it here we go again another cycle can come back down and below $4. The summer routine in these markets can come back and haunt us. So this post is major update and be clear to make a decision come Monday morning open bell.
see my chart on the worst case and be ready for next week.....target lower from Friday close of $4.80
As for GOLD, we are so close to my target and we can go higher....right now Agnico Eagle is not even close to where we need to be and the rest of this month we are just going higher and nothing is stopping this stock. The best major gold producer in the world is about to change the valuation of all gold stocks when they announce 1st qtr 2024 production. As for the chart below on Gold we can see another history in the making again and again for the rest of April. So i cannot tell you anything anymore as this month is all about GOLD. so can we see $2500? sure why not!
see the chart on Agnico......
see chart on GOLD
latest from chris on silver, the most confusing forcast ever on this metal so just stay with gold for now????