This is becoming one of the best buys on the market I reckon...ride the lightning
This is becoming one of the best buys on the market I reckon...ride the lightning
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.
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.....
More good results from the Atilla trend announced today. Would expect a significant increase in contained ounces in the revised resource
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.
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
Steve Briese said:Precious Metal Sector:
This week saw significant
new commercial
buying, and at 47%, the
commercial RSI has
moved to mid-range
(neutral) territory. Sector
RTS is negative, but
threatening a zero crossing,
which would be a
bullish warning. After
seeing commercial
selling limit the up-side,
their buying is now supporting
prices as they
seem intent on holding
the recent price range.
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