Post by
midasman1 on Feb 22, 2024 6:52pm
Most Gold Stocks Down since Jan
Appears most, if not all gold stocks are down 19-25% since the start of the year, this includes Barrick and Kinross BTO on the higher end but that could all even out in a matter of weeks. I am sure most of us are down on paper who are long. Institutions will run the stock when they want, but appears they are keeping pricing supressed as they are drawing out the SMA on the charts.
The instituitions might still drag the gold stocks down further, anyone's guess as they pay people to "fear monger" on these boards to get you to sell because at some point there will be a reversal and now they will have your shares to make money on the way down and then up. Thats pretty much the only reason they spend their time posting, not adding any meaningful substance to conversation. But then again , they call this a Bull board so perhaps they feel they are to filll their posts with Bull. When it goes back up, doubtful you will see the fear mongers making up stories about how companies are going to do this and that and companies well shored up are going down as they are deamed worthless.
Thinking that at some point in the near future we should hopefully see a bounce back to the $3.50 range as a start. Could be a choppy ride from there.
To quote bill Gates, "Patience is key". Still holding, will buy more at these levels or should it go even lower , then will wait for the coil to unleash once the intituitions decide they can't make any more money to the downside and ride it out.
Think this is a good company from what I have read, along with many others. This isn't a junior exploration firm.Those have potential of going south and never recovering. The mid and senior producers will always be there until they are bought out. Good things happening with a mine to open in our jurisdiction in 2025 so there will be no surprises like Panama shutting down First quantum.Fact is Most mining companies that state they are Canadian either don't mine in Canada and or just use offices in Vancouver for a mailing address and list on the TSX as we here have pretty lax regulations in Canada and on the TSX. Just use the law firms in Canada that specialize in mining and get tax credits.
Do your own DD. Just my opinion.
GLTA
Comment by
Maxmoe on Feb 23, 2024 10:47am
I'll pile in with the BCSC is the most inept securities regulator on the planet. They know it. They don't care. Every now and then a baby emerges from that cesspool of dirty diaper tub water. DD and experience matter.