Kinross Gold (Longterm) good play short or medium term
This one is just kinda simple
On the 1day chart and even 1 week chart the squeeze keeps getting closer and closer to a median for this consolidation period. Kinross has been facing lots of selling pressure over the past years now, but noticing where it stands in comparison to its competitors and how they are working to maximize efficiency as gold deposits in the world eventually get smaller yields for processing far larger amounts of dirt. Given the position of the economy as a whole and how overvalue so many sectors. In my opinion it would be wise to jump on board KGC while its still so undervalued. With all time highs of around $25 and the going price right now at around $3.6, its beyond cheap. I also would like to point out looking at the 20 year chart that Kinross tends to do well while the economy is taking a beating. This a longterm hold for me, however, I will take profits with any sudden increase around the $5 mark.
On the 1day chart and even 1 week chart the squeeze keeps getting closer and closer to a median for this consolidation period. Kinross has been facing lots of selling pressure over the past years now, but noticing where it stands in comparison to its competitors and how they are working to maximize efficiency as gold deposits in the world eventually get smaller yields for processing far larger amounts of dirt. Given the position of the economy as a whole and how overvalue so many sectors. In my opinion it would be wise to jump on board KGC while its still so undervalued. With all time highs of around $25 and the going price right now at around $3.6, its beyond cheap. I also would like to point out looking at the 20 year chart that Kinross tends to do well while the economy is taking a beating. This a longterm hold for me, however, I will take profits with any sudden increase around the $5 mark.