OTCQX:DMMIF - Post by User
Post by
edxon Feb 01, 2016 6:53pm
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Post# 24514331
Gold...
Gold...So if it doesn't drop and can break out and hold above $1,140 it's going to break the downward channel it's been stuck in for almost a year.
I'm not a big believer in technical analysis for illiquid stocks like DMM, but it definitely drives a lot of gold futures trading.
Taking bets now - if gold breaks out above $1,140, will DMM still be stuck at $0.20? lol.
@ $1,150/oz, the company only needs to sell 5,500 ozs of gold to pay the bills (prior to loan repayments starting July 29).