RE:I don't understandAbsolutely not, don't sell. While flv is leveraged to the price of gold it as an equity traded on the market. It will find a level at which to consolidate support after its signifigant rise. This stock has increased in value well over 1000% percent in mere months. It seems imo to be consolidating 1.30 ish as a support 1 with a bottom support of 1.25. This is important as usually when a stock rises as quickly as fvl it will experience a quick decline with support usually at much lower levels then what were seeing with fvl which is consolidating not far from its 52 week high.
This tells me there is still buying at 1.30 ish and there's still much more room to grow. You may notice fvl doesn't necessarily rise with the price of gold as much as it used to. Thats simply because it's found a level of support. On the plus side you'll noticed it will hold support when the price of gold goes down. So when gold goes down fvl doesn't go down like it used to.
At present with what we know about the gold in the ground fvl is undervalued at 1.30. I expect we will easily see 2.00 to 3.00 with drill results coming shortly.