Courtesy of Read the Ticker
As the US economy begins to show late cycle characteristics like: GDP slowing, higher inflation, higher wage costs, CEO confidence slump.
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The big players in the market are looking for the next swing off good value lows. This means more money is finding it way into the gold and silver sector, and it is said gold and silver stocks actually lead the metal prices. The cycle below shows prices are ready to move in the months ahead (older chart re posted).
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SSR Mining (SSRM) is a stock the readtheticker.com private (one of the stocks we follow within our RTT Plus service) Wyckoff Campaign blog has been following for a few years. The supply and demand price and volume patterns have made SSRM a perfect Wyckoff logic chart to follow. Quite frankly the Richard Wyckoff trading system should be called the 'Cause and Effect' trading system. SSR Mininh has been doing well. More infomation here via Zacks
Extract .. .."SSR Mining (SSRM) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.14 per share.
This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 64.29%.
A quarter ago, it was expected that this precious metals mining company would post earnings of $0.06 per share when it actually produced earnings of $0.15, delivering a surprise of 150%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times."…
Charts below is SSRM with RTT tools guiding price action. Chart showing Wyckoff accumulations.
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Monthly chart showing good step building.
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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, Cycles, Wyckoff and
Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.
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…
…"By knowing the exact vibration of each individual stock I am able to determine at what point each will receive support and what point the greatest resistance is to be met"…
William D Gann
..“Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria.”..
John Templeton
..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..
Bernard Baruch
Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.
Bruce Kovner
.."The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what's going to happen contradicts my way of looking at the market."..
George Soros
