GREY:NWSKF - Post by User
Comment by
yungcashon Jul 24, 2011 6:43pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
229 Views
Post# 18866810
RE: RE: RE: Excellent Chart!
RE: RE: RE: Excellent Chart!Market volumes have been pretty low over the past few weeks, particularly as you get into Thurs, Fri. The action in this stock is overwhelmingly postiive. We have been trading up steadily with the vast majority of volume going through on the offer. We have done this without having a new set of drill results, which should be coming shortly. We have done this with little to no analyst coverage or media attention, which, imo, should be coming shortly as well.
Take Friday for instance. On a day when half of Bay st had already taken off to go to Muskoka (and I'm sure similar scenarios in all our financial centres across Canada), we were able to trade almost 300k shares (which is the 6-month average daily volume, including a couple days in the high millions) and got through a large iceberg to close on the highs. Even if we don't get news this upcoming week, the momentum is so positive in this stock it will continue to grind higher. There are less and less willing sellers at these levels, and that's the only reason the volume has been so "low".
I expect a fresh set of drill results to further define the resource and add ounces, more coverage by analysts and media, and we have gold RIPPING overseas right now, currently up $21.55 to $1622.83 (spot gold at 11:43pm GMT).
We are going higher baby! Hold onto your hats, my Tuesday prediction of $3 stll stands!
Nice to see the board has been retaken by real investors as opposed to the pumpers and bashers.
GLTA, talk to you over $3!
yungcash