GOR - Gold Road Resources
- Thread starter Wysiwyg
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Care to elaborate?
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just keeps getting cheaper......fine company, no real signs of accumulation (that i see) and for now sticking with my target zone 235-255's
worthwhile listen:
brrmedia.com/event/96360
Really huge plunge by GOR in 2 months.
40c to now 23c.. that's nearly 50% in 2 months ouch.
I am expecting a counter rally post June.
i.e. stop losses must have been triggered, especially as may and june are tax selling months.
Will look for signs of a bottom.
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i still don't see the crucial signs of accummulation.....as i see today, gold is likely to head for 1500ish and many gold stocks appear in that direction, down.....
this is a great company, for sure, what is also being fought by the retail trader is a wash out of the sector by the money that moves markets, imo, purchases made now need to have a wide view.....
Pretty decent bounce from that announcement though.
Long term trend is still down so I'm not touching gold stocks for a while yet till I see a reverse in trend.
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we're in the strike zone now for internal value on GOR, imo......
looks like we'll close on 18's today i'll buy anything below 15's .....hmmmm......how much harder can these get hit ?
bounce time
looks like we'll close on 18's today i'll buy anything below 15's .....hmmmm......how much harder can these get hit ?
bounce time
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GOR is showing good signs of a temp low on healthy volume on the lift of gold although it has taken a couple of sessions for the bell to ring......and another reason appears to be swelling for money to flow into local and secure sites even if the aud tends to be a drag for o/s investors looking to get in early.......
http://www.news24.com/SouthAfrica/Politics/Malema-Brace-for-a-mining-revolution-20120823
http://www.news24.com/SouthAfrica/Politics/Malema-Brace-for-a-mining-revolution-20120823
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Was at 15c on the 21st and now its at 22c.. Almost 50% in under a week. Whoever got it at 15c is grinning thats for sure.
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mostly small parcels on the back of the gold leap.......no real signs of major money buying into the low, suggests, to me, we're not done doing business in this price zone
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Good to know as I contemplated buying in and then it just kept rising. I've been looking for gold mining stocks to invest in and hadn't had long enough to do my research so wasn't keen on jumping in while it was rising sharply. GOR and AMX are the two I've currently found to be interesting. Still on the hunt for others however!
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and there we have it......in % terms a good swing up, within a very short time span, an exit opportunity.....from .215 down todays close at .180 that's a quick trip to guess-who's-not-boarding-the-QEIII-ship.......
on the bright side i think we should now see some attempts to make a stronger low prob back to .155 level....looking for signs of genuine accum otherwise it's winter time........
sticking with an earlier post,i still think below .15 is a good buy based on bookwork not inc the plant build to come.....the exception would be a dramatic reversal of trend for gold, which is unlikely
on the bright side i think we should now see some attempts to make a stronger low prob back to .155 level....looking for signs of genuine accum otherwise it's winter time........
sticking with an earlier post,i still think below .15 is a good buy based on bookwork not inc the plant build to come.....the exception would be a dramatic reversal of trend for gold, which is unlikely
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i am long xau/usd spot as of this post....looking for a continuation of an upwards abc move and think that 1260's neeeds to hold
this swing should provide some strength to gor......but, dont expect a rocket....money flows suggest despite the recent widespread finds there arent a lot of insties jumping on.....shame....
this swing should provide some strength to gor......but, dont expect a rocket....money flows suggest despite the recent widespread finds there arent a lot of insties jumping on.....shame....
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and still long
..one analyst, who's been trading/studying the COT for three decades, says:
Steve Briese said:
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someones chasing GOR up....looking like a break-out game too
very constructive pricing, good price support.....expect to see pos money flows as they are flatish into this week
not holding
very constructive pricing, good price support.....expect to see pos money flows as they are flatish into this week
not holding
