Taseko Mines Ltd T.TKO

Technicals...

[Cognition777]

I know there are only a couple of TKO fans who are technicians to any degree; but here are the "tea leaves" that I believe are worth noting at least, especially since all 4 of them have taken place in the last couple of days, AND seem to coincide with a positive shift in fundamentals - a possible storage supply reversal signal ...

Fundamental shift?: As mentioned, two days ago copper storage at LME shows slight trend reversal toward lower supply

Technical shifts:
1. Two days ago, copper price gaps up in price
2. the gap up breaks downward resistance trend which began May 9th
3. today, the copper price adds a hefy 8 cents to the gap
4. that confirmation breaks the horizontal resistance line established at the previous peak on July 5th.

We now have no technical resistance in the copper price until $4.60

[EStreet]

Interesting analysis, perhaps some are reading more than tea leaves, hence the firmer prices this past few days. I notice the volatility has come out of the price fluctuations,,. Stock prices have not been reacting accordingly lately,,. Something will come along to shock the system, a strike or a tax or new dictator, or perhaps the way its looking D variant could delay some production somewhere

[nofluff]

Best days technical. Copper up a u.s. dime. Could we make a run at 5.00 copper??  That is my guess. nf

[metalhead666]

Voodoo nonsense all of it. Real world decides the price of copper not squiggly lines you randomly interpret. There is NO scientific empirical evidence to support any t/a voodoo whatsoever.  It's a total waste of time. It will lead you to poor decisions and make you sterile.

[Cognition777]

Ahh... I think you are confusing your opinion with facts... or perhaps you're confused with what technicals are used for. Someone on this board, perhaps yourself, said that copper trades on the fundamentals of supply and demand and nothing else. I would agree that any market is "fundamentally" driven by supply and demand of the goods or services sold in that market; but there is an

[JoeStockIQ]

The technicals certainly have their place in overall trading habits of the entire market. Momentum traders that brought the copper producers to their May highs left and haven't come back as of yet. Hence, spot copper is up a healthy 15 cents US in the last two days and share price has barely budged...for all copper producers. It is a bit odd that some momentum hasn't returned to the space

[metalhead666]

Here's why you are wrong....you cannot predict "sentiment" from squiggly lines. ALL t/a is entirely backwards looking telling you only what was not what will be. It has NO predictive value at all. If it did there would be no need for any real world information as magic numbers would beget new magic numbers, my smart phone would trade my account to glory and everyone on Earth would be

[JoeStockIQ]

Hey meathead, if you actually read the post instead of being so blatantly pigheaded on the subject, you might have noticed that the comment didn't aver that technicals were "right" or "wrong" in taking a trading position. Rather, the statement avowed that some trading in the market certainly occurs due to technical trading. To think that not to be the case is nothing more

[Cognition777]

Metalhead... who said anything about predicting anything from squiggly lines? Do you invest based solely upon what you can predict? Me thinks you would then have too high regard for your abilities. Can you predict supply/demand?, strikes?, corporate leadership changes?, global cotastrophes?, innovations that make your stock obsolete?, etc My very point was that charts reveal patterns over time

[metalhead666]

Show me a single academic peer reviewed statistically viable empirical study that has ever shown any t/a system being of any value.  You will find exactly none. I've done this work. I invest on large scale premises....things like demographics can be accurately modeled for example. Demographics shape consumption so I can make reasonable predictions about what investments are most likely

[metalhead666]

I'll give you one better....Science is the best model of reality humans have ever embraced.  Science creates models which make predictions. If the predictions hold then science creates a theory which is the best explanation of a given phenomenon. T/A is not science. It is not empirical and there are no t/a theories.   Science can test a hypothesis to see if it holds and then

[Joe455]

I enjoyed reading this. May I add,  you can't push a rope.  TKO  will be higher one day but huffing a puffing will have no effect on the timetable.

[JCSunsfan]

The fact that humans see patterns, and then trade on those patterns, then makes those patterns useful.  You just proved the point of your opposition. 

[Cognition777]

Agreed JC... Confirmation bias will not allow a person to see their own blindness; it's impossible for them to see that their arguments are against their own premise. Because they look for a narrow set of criteria to predict the future (current government global policy, irrefutable "facts" proven by the same science community that was predicting an ice age 40 years ago, etc); they

[nofluff]

Sentiment was great until we did the infamous pp. If we get some permits, things will come back. Tko valuation comparisons. Gib at 4.50 copper is 280 million ebitda times 10 for a 10.00 sp which comoares to other mid tier miners. Tko net debt is extremely low at this point. Down the road is kdk with a good prospect but nothing proven. 60 million mc. Tko has 5 great proven deposits on top of

[metalhead666]

Yep...and I'll guarantee you when the cash flow starts pouring from Florence the "sentiment" will change dramatically! 

[BlueBee]

Perhaps we can all agree that a change in sentiment concerning TKO and Florence cannot happen soon  enough :-)

[metalhead666]

I'd like it all yesterday too but I know better. I intend to hold for the next 5 years. When the final permit is issued for Florence I'll double my holdings.  I love where we're going. Massive cash flow generation from Florence in 2 years, Yellowhead online in 5, copper tagging $10, TGB is a $20 stock or more in 5 years.  The EV electrificaton of everything is unstoppable now

[JoeStockIQ]

Another thing we should be able to agree on at this point is that H2 results for Taseko should be very strong. Throw in a late September final draft permit and the end of this year is looking great. 

[metalhead666]

You are wrong on both counts....The scientific community never predicted an ice age...some random lunatics may have and the media gave them voice but the climate science community NEVER said any such thing.  And again...you cannot predict sentiment. Sentiment is shapped by current and future events. If Powell says he's hiking rates this Wed then I guarantee you that "sentiment"

[metalhead666]

No. The fact that humans see patterns and act on those patterns doesn't mean that the patterns they see are reliable. There are infinitely more "patterns" seen than exist in reality.  I'll give you a good example....Say that the t/a community determined based on some voodoo that if stock x hits $20 it will do something.....say "breakdown" and drop....what do you

[JCSunsfan]

Are you talking about ALL TA or just as applied to commodities?  Do you include commodities future in your thinking?  Commodites are consumed so they are driven by supply and demand. Futures and all stocks are not.  In fact, aside from a dividend a stock is not really even tied to the value of the company AT ALL except in the minds of the the buyers and sellers.  Stock value

[metalhead666]

It is a wasted effort.  What you said is true but there is no way arbitrary shapes, lines, squiggles, clouds, bands, fibs, dojis, candles or all the other nonsensical imaginary creations provide any insight let alone any value or predictive powers.  Again...All t/a is 100% backwards looking. It demonstrates graphically what WAS which is no indicator of what will be. Therefore useless.

[Cognition777]

Bottom line... 1. Market price is determined by the influence of buyers who are optimistic about the value of a purchase, and sellers who are pessimistic about the value. 2. Consumers purchase (or not) based on the comparison of current market price to their perceived value (this decision is not a fundamental decision, it is a sentiment) 3. Investors purchase (or not) based on a comparison of the

[metalhead666]

You cannot measure future sentiment. Past sentiment has no bearing on future sentiment.  If fundamentals influence sentiment then being a good predictor of future fundamentals will increase your odds of success. All t/a, every chart is entirely...100%...backwards looking.  "Trends" are only knowable in hindsight. All t/a tells you only what was not what will be. Lines on a

[Cognition777]

hmmm... you agree that sentiment drives buy/sell decisions, and you agree that sentiment is shaped by fundamentals (not only fundamentals by the way) yet you seem to be assuming that I somehow believe that fundamentals are shaped by technicals... that's just weird. You say I cannot predict future sentiment, so understanding past sentiment trends and current sentiment movement is useless. Well

[metalhead666]

You don't have to predict future fundamentals to finely tuned specific detail....you only have to get in the right ballbark.  For example....Demographics is a science. It is a statistical model with a high degree of accuracy. Demographic models say that the population is aging. Aging people spend less money on many things and a lot more on some things...like health care.  Betting on

[lucky1215]

Metal, Regardless of what you or I think, or whether it makes sense that future stock moves can be divined from the “squiggly lines” of prior stock movements, there are many in the market that do pay attention to Technical analysis and act upon those targets with large bets that move the price up or down. With enough money looking at charts and making the same bets, technical analysis becomes a

[metalhead666]

That's all entirely wrong.  You do not know a trend except in hindsight....you cannot know a trend is broken except in hindsight. There is no such things as "supports" or "resistance" as any given chart will show multiple instances of when it didn't support or resist!  I laugh out loud every time I read "It didn't hold support" or "it's