American Bonanza Gold Corp ABGFF

JMHO

[sadone]

This is just low volume panic selling.

[Z06]

It's not even that. Notice most of the sales. 335,238,35,1000,500,2000,445,1000,2000, It's the bitc*es trying to bring the price down. Get'er to .40 & I'll buy 30,000 shares.

[TheCardinal]

Exactly !   It's the last big "Flush-The-Chumps" handle-pull before the next leg of the PM bull gets underway.  The good news :  it'll be over soon, and the next wave up will be the storied 3rd-Wave, with its breath-taking "3-of-3-of-3" in the middle. The bad news : first, it could easily go even lower, with gold down to - briefly, anyway - under

[SeeApenny]

Hey Cardinal. Just curious...What exactly do you mean by the 3rd wave and 3 of 3 of 3 in the middle? These are terms I'm not familiar with.

[TheCardinal]

@ SeeApenny : they're terms associated with a sub-genre of Technical Analysis called the Elliott Wave Theory. Its basic premise is that the market - any market - moves in defined waves and is guided by relationships in numbers called the Fibonacci Series .... Here are a couple of links to get you started, if you're interested in learning more : https://en.wikipedia.org/wiki/Elliott_wave

[SeeApenny]

Ya I can see what you mean about "like any tool..." ect.I pulled up a two year chart of BZA and to my eye, it looks like we just passed the third wave.I'm most likely wrong but that's what I see.I sure hope I'm wrong.

[TheCardinal]

@ SeeApenny :  actually, BZA hasn't even gotten warmed up in its Wave 1, still ahead as BZA moves into its new personna as a just-now-into-production ( almost ) junior.