TRY - Troy Resources

[Gringotts Bank]

Regular cup pattern forming. The more regular the better. If it stays with the pattern, then on 9/7/13 it will be at $2.50. And if it doesn't then .... it doesn't.

 

[piggybank]

Started the year at $3.65 and looks like it will close the year (tomorrow) around 80c - hopefully your not one who has held it all year!!

 

[So_Cynical]

(4th-May-2013) I sold out at $4.07 about 21 months ago.

---------------------

I have always believed that Gold would have a significant pull back at some point and i didn't want to be holding any gold stocks when that happened...the pull back took a little longer than i thought to come around, as usual i was way ahead of the curve.

My buy target is $1.50 i think that will be about bottom or at least close enough, Troy is a more valuable company than it was so i don't think old support will be very relevant...this is assuming POG finds support at no lower than $1200 > $1250.

Troy and POG, one of the only big picture events that i have successfully picked...TRY trading at under 80c recently with the POG holding above $1150 USD is what i didn't expect to see, still nothing surprises any more...maybe that 1200 level held some physiological importance. :dunno:

Anyway history repeating? is it time to start switching into gold? hard to say with any real confidence.

 

[TheUnknown]

Just went in with a huge amount of shares in TRY. I think
Golds going up, and TRY has copped it alot.

 

[So_Cynical]

Just went in with a huge amount of shares in TRY. I think
Golds going up, and TRY has copped it alot.

Troy up 8.6% today, i cant buy on big up days...i feel like i have missed something.

Good luck.

 

[pixel]

Just went in with a huge amount of shares in TRY. I think
Golds going up, and TRY has copped it alot.

Noticing the obvious accumulation, Troy has been my preferred gold miner for a few weeks.
Initially I traded smallish swings; but when the first resistance was broken, I built up a double position.



Today, the initial trading range was doubled, which - to me - is an invitation to take - at least part - profit.
The Intraday chart (10 minutes) suggested sufficient resistance at the 200% level, so I placed sell order at $1.105 and watched them taken out.



If the rally continues, I don't mind paying up. But more likely, I'll be able to buy today's lot back lower. Possibly as low as Monday's gap-up.

 

[BullsihBear]

Along with SAR this was my first Aussie stock, I've been in and out of it about 8 times trading swings, bought at open on the 13th for 0.855, still have $12K in it as I think it is fairly solid till 1.60, depending on gold, even 1.90 but earning are on the 24th and I don't like to hold stocks over earnings.

Surprised this forum is so quiet with small good growth companies and garbage pump and dumps like FAR are more popular.

 

[CanOz]

The daily looks better than the weekly...

 

[BullsihBear]

The daily looks better than the weekly...

Overlay gold on that graph. Gold was obvious with the QE in the US and with China long term plans, gold miners always nearly always lag the down swing and then the upswing in gold, then when the media start talking about gold prices, these stocks get momentum and they commonly they outpace gold. SAR also followed the same exact pattern but it was more extreme.

Why I closed out half my position is the people buying this now are the "gold is going to the moon" crowd, rather than real potential a good deal of future potential is now factored in. Maybe gold will go to the moon again and that future will be fulfilled, maybe not. However as TRY is listed on the TSE also and Canadians love their gold stocks, I consider TRY work keeping a position in for now.

 

[CanOz]

Actually that daily chart has a pattern that I've seen many times intra day, a big spike down followed by a channel as the smart shorts keep taking profits....eventually they all get squeezed out.

 

[Intrinsic Value]

Overlay gold on that graph. Gold was obvious with the QE in the US and with China long term plans, gold miners always nearly always lag the down swing and then the upswing in gold, then when the media start talking about gold prices, these stocks get momentum and they commonly they outpace gold. SAR also followed the same exact pattern but it was more extreme.

Why I closed out half my position is the people buying this now are the "gold is going to the moon" crowd, rather than real potential a good deal of future potential is now factored in. Maybe gold will go to the moon again and that future will be fulfilled, maybe not. However as TRY is listed on the TSE also and Canadians love their gold stocks, I consider TRY work keeping a position in for now.

I am holding TRY as well.

Nice spike in gold price overnight should see a reasonable rise on Monday. One of the better gold stocks. I also like and hold SLR.

I am sitting on a very small profit right now on both stocks and cant make up my mind to hold on or sell.

Not sure why the sudden upsurge in gold price or whether it can last and nobody ever seems to have any real good explanations for the rise and fall of gold.

 

[BullsihBear]

Actually that daily chart has a pattern that I've seen many times intra day, a big spike down followed by a channel as the smart shorts keep taking profits....eventually they all get squeezed out.

If this forum is going to be a pissing match and negative I will just walk away and stop posting. I have nothing to prove, this is meant to be fun. If you have seen a pattern, play the stock and make money from it. Jesus wept.

If you do not realize the price of gold drives this stock, all hope is lost. The coloration is not only common sense but self evident from the charts. People reading this that hold TRY and have followed it also know exactly how it moves with gold, both here and on the TSE.

If you held it steady for the past month you have made 50%, as I have the time and ability to read lvl II to a good standard, plan my trades based on the support and resistance, I have been in and out of this stock and made at least an extra 10% over the 50% of just holding it.

This same gold play idea gained me over 110% with SAR also.

Sigh, this is why we can't have nice things.

 

[Trembling Hand]

If this forum is going to be a pissing match and negative I will just walk away and stop posting. I have nothing to prove, this is meant to be fun. If you have seen a pattern, play the stock and make money from it. Jesus wept.

If you do not realize the price of gold drives this stock, all hope is lost. The coloration is not only common sense but self evident from the charts. People reading this that hold TRY and have followed it also know exactly how it moves with gold, both here and on the TSE.

If you held it steady for the past month you have made 50%, as I have the time and ability to read lvl II to a good standard, plan my trades based on the support and resistance, I have been in and out of this stock and made at least an extra 10% over the 50% of just holding it.

This same gold play idea gained me over 110% with SAR also.

Sigh, this is why we can't have nice things.

What an unusual reply to a benign comment.

 

[BullsihBear]

I am holding TRY as well.

Nice spike in gold price overnight should see a reasonable rise on Monday. One of the better gold stocks. I also like and hold SLR.

I was tossing up between SAR and SLR, both have moved well and followed the same gold play. I didn't want to have three gold miners however.

Who knows what Monday will bring but there is .13 short interest in TRY, I would not want to be on their side of this stock.

Not sure why the sudden upsurge in gold price or whether it can last and nobody ever seems to have any real good explanations for the rise and fall of gold.

Same thing that moves all things, sentiment and people playing games. I have my own ideas why but ultimately sentiment. I spent a year on the metals desk at JPM, I like gold's predictability, personally I hope for consolidation next week, then a continuation. When China / Indian / Russia wakes up on Monday is worth watching, I know what I would do in their shoes and how they react might be a tell to how much they really intend to buy.

 

[CanOz]

If this forum is going to be a pissing match and negative I will just walk away and stop posting. I have nothing to prove, this is meant to be fun. If you have seen a pattern, play the stock and make money from it. Jesus wept.

If you do not realize the price of gold drives this stock, all hope is lost. The coloration is not only common sense but self evident from the charts. People reading this that hold TRY and have followed it also know exactly how it moves with gold, both here and on the TSE.

If you held it steady for the past month you have made 50%, as I have the time and ability to read lvl II to a good standard, plan my trades based on the support and resistance, I have been in and out of this stock and made at least an extra 10% over the 50% of just holding it.

This same gold play idea gained me over 110% with SAR also.

Sigh, this is why we can't have nice things.

I'll save you the trouble and just stop posting replies to you mate....

IGNORE....

 

[Wysiwyg]

TRY still ploughing ahead with their gold production while a third mine in Africa is under construction. Set for completion in FY2 2015 they say. The plummet of share price in line with POG is understandable while their All in Sustaining Costs per ounce is $1160 USD, leaving very little margin.

 

[So_Cynical]

TRY still ploughing ahead with their gold production while a third mine in Africa is under construction. Set for completion in FY2 2015 they say. The plummet of share price in line with POG is understandable while their All in Sustaining Costs per ounce is $1160 USD, leaving very little margin.

The new mine is in Guyana, sounds African but its actually in South America, 3 mines in 3 country's all in South America...cost per ounce is very close to the world average cost per ounce so its not like Troy is a shag on a rock there.

 

[Miner]

Nov 2014- last post.
June end 2015 I am writing but no value adder.
The price of TRY seems to be having a break out at 36 cents as I read between the lines on volumes and several charts posted in other forums.
On a side note, what is wrong with ASF ?
Hardly any new posting which forced me to frequent to Hot Copper which earlier I hardly visited.
Their volume of postings are enormous . In a single thread at least 10 to 20 postings whereas our most beloved ASF in total does not have 20 postings.
It is free for us and not whinging. But feeling very sad if this quality forum gets its natural death - Sorry Joe not to upset you but expressing my deepest concern.
Any thing we can help ?
Do you want to charge a modest fee to keep ASF meaningful venture for you and hence us ?
Regards

 

[So_Cynical]

Nov 2014- last post.
June end 2015 I am writing but no value adder.
The price of TRY seems to be having a break out at 36 cents

Troy back down to the mid 20c level again, in for a trade @ 0.245, one of my all time favorite stocks, never bought close to this cheap before, all data chart says TRY hasn't traded at this price level since last century 1999!

Only for the true believers at this price - 3 year chart below.
~

 

[So_Cynical]

Troy back down to the mid 20c level again, in for a trade @ 0.245, one of my all time favorite stocks

Took a few months but out today @ $0.315 - 20% gross profit...totally sold out as this was with my IB account and i have enough long term holds, still keen on POG this year.