Bullboard - Stock Discussion Forum Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s): LMEFF

Metals & Mining Gold

Laurion Mineral Exploration Inc. is a Canada-based mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located... see more

TSXV:LME - Post Discussion

Laurion Mineral Exploration Inc. > Gold Weekly Chart

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Post by Jimo82 on Feb 21, 2024 11:21am

Gold Weekly Chart

The weekly gold chart is bull flagging. We bounced off the 50 day moving average pretty quick and looking to break above $2030 again for a strong support level. We break above $2045 and the climb back up to $2100 could happen within a few weeks.

All eyes are on the US stock market, more importantly Nvidia earnings after the bell to support the narrative on this AI trend, If they disappoint the street with their guidance you'll see the S&P 500, Nasdaq and Dow pull back pretty hard. If they meet or exceed it will push stocks to new all time highs where we enter 1999-2001 tech bubble valuations again. Just look at SMCI, gaining 3x's market cap over the past few weeks. Why? Extreme Greed.

If markets have reached their current peak, then we could be on the cusp of rolling over into a recession soon.

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