Yeah maybe. Has recovered ok from the daily low, but perhaps it could even get back there? I'd be surprised if this broke out of the general up trend with the project coming on line next year and t/o rumours. Still just a pullback in general uptrend atm. Was overbought, as stated, when it was up around $3.50. This was expected.vert said:i think a few stops got taken out this am, in bargain teritory now with silver reversing nicely last night from 13.42 to 13.89. bought back in yesterday 3.02 should have waited oh well still happy to be in as this has huge potetial with drilling finding richer and deeper grades and is being assessed by larger preditors.
Support was found at $3.00 and it has been today on a down day for POG. So, hopefully POG recovers a little and $3.00 remains in tact for further gains. Hitting the lower band of the bb and bounced as it should also. I think the slow stochastics on this chart is incorrect. It has been sold off recently but it's not represented here.kennas said:I'd expect some support for BSG at these levels. Could go a bit lower to get back on the trend line up. Interesting the daily and weekly stochastics differ in their opinion. Daily saying oversold, weekly saying there's some to go, so be prepared. Disappointing it didn't kep going verticle after the break through $3.00 but this just been a healthy break in an long term uptrend imo. I'm hoping that the $3.00 ish level is going to form into long term support now. If it breaks up again from here than that is very good. I think about $2.50 and I'd have to consider if the uptrend had been broken.
I reckon upside will be from:scsl said:Bought today at $3.08. I think the POG could continue to appreciate in the near term and pull up gold stocks with it.
What do you think of BSG atm kennas? Having bounced off the long term trend line (you mentioned in your last post) and now holding above $3.00, what do we need (apart from POG rising) to see BSG pass its end of November high?
POG now trading at $640.50...
kennas said:I reckon upside will be from:
1.The final feasability study which was due in Dec 06, but I haven't seen it yet? This was supposed to move the resource to proven and probably ore reserves.
2. POG which I think will increase although be volatile.
3. Takeover - the company comes into production within 12 months and the TSX listed Palmejero Silver and Gold is at a discount relative to BSG and US listed peers.
4. Possible increase in the 3.6+m oz au equiv due to ongoing drilling in the project area.
What's this mean panem?panem said:But 450 Mio €?
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