Post by
georgemarch on Aug 19, 2021 3:41pm
Wondering
FVI has declined significantly recently and has surprised many I'm sure. Must be the merger??
First Majestic has dropped 33% while Fortuna dropped 47% in the past 6 months. They move in tandem I have observed over the years.
The Fed is looking to taper and eventually raise interest rates. Wondering .... correction in the markets just ahead ?... a huge move in gold price to follow...
The fog is getting thicker.
Comment by
greendayyyy on Aug 19, 2021 6:29pm
I don't want to be a prophet of doom but I believe that the price of gold stocks could fall to the April 2020 price. It's not looking good right now.
Comment by
georgemarch on Aug 20, 2021 11:59am
Some stocks have already fallen near April 2020 lows. IAM Gold is an example. I bought more of FVI that spring at 2$-$3 range. I don't think FVI and others will go that low. Many companies like FVI have excellent fundamentals... low costs... earnings each quarter.. resource increases. The Fed's decisions will be measured (no choice).
Comment by
lumpy13 on Aug 20, 2021 9:11pm
Ever snce the Roxgold acquisition offer, this stock has been a disaster. The market - like it or not - doesn't see synergies and FVI has suffered more than other miners.
Comment by
greendayyyy on Aug 21, 2021 10:46am
I wouldn't be surprised to see the price drop to around $3.50 pretty quickly. Everything is really ugly right now. Gold is priced near $1800 and we are correcting again and again. Just imagine if gold corrects too. Could see less than $2.