RE:RE:Just a glitch
eatmorefiber2 wrote: Only gold and mining stocks correct. Meanwhile, in the land of tech, Tesla, Amazon, et al go straight up with never more than a 2% correction.
Since March GBR is up... what? 450% roughly?
I think this small correction falls well within the realm of "expected". I even predict that GBR will do another sideways move like it did from May 1 to June 4 - approximately. Yes, go back and look at the charts. Stock pretty much flatlined for a month. Then BOOM +90% in a month. That flatline part is called consolidation..!
And the difference between tech stocks and mining stocks is that once the real world economy starts to make an impression on the stock markets, tech will get crushed. Miners will live to see the ligfht at the end of the tunnel.
Besides all this, look at the trading today. I got to be honest here, I got enough shares that I could totally crush the stock today if I choose to sell down. And I am merely a private main street guy who just has had some good luck.
I will take some profits again, once the stock hits $20 cad. Untill then I will not sell. Nope. And I do not trade. If I traded I would have to trade posts large enough to be meaningful, anything under 1000 shares per post does not make sense due to courtage and exchange fees. Yes, it hurts trading from abroad. So I just do not care but stay long.
We know the gold is there. We all (or at least most of us) have a gut feeling there is way more gold than has yet been located. And at least I do have a gut feeling there might be great news Monday, in advance of CT getting interviewed by Jay Taylor.
Things look good for GBR share holders. Just do not get impatient, impatrience might make you make the wrong decisions.