RE:RE:GoGold Announces Strong Drilling ResultsIf you can explain what pushed us down to these levels you will have your answer. Now there are a lot of cheap shares to chew through to get back to where we were. Once again day traders have the edge. The very best traders stay away from public shares and instead focus on commodities, which are much more predictable. GGD is a perfect example. Gold and silver can fall 1 or 2 %, GGD shares can fall 10%.
Having said that, the results are great and in a newer area, Mololoa. Drilling has also started at Gran Cabrera, said to be similar to El Favor! We should get regular drilling updates from here on, which along with metal prices remaining firm, should move the SP back up. We are now a far cry from the $4.50 plus that analysts predict.
Traders control the markets:
Level ll Quote | Bid | Ask | | Price | Total Size | # of Orders | Price | Total Size | # of Orders | | $2.74 | 10000 | 11 | $2.75 | 4800 | 8 | | $2.73 | 7200 | 12 | $2.76 | 3600 | 10 | | $2.72 | 7700 | 14 | $2.77 | 7400 | 14 | | $2.71 | 18500 | 11 | $2.78 | 3600 | 11 | | $2.70 | 11500 | 5 | $2.79 | 28900 | 5 | | $2.69 | 1800 | 3 | $2.80 | 13100 | 3 | | $2.68 | 2900 | 4 | $2.81 | 1900 | 7 | | $2.67 | 1300 | 2 | $2.82 | 5200 | 2 | | $2.66 | 100 | 1 | $2.83 | 500 | 2 | | $2.65 | 4700 | 3 | $2.84 | 1700 | 2 | |
| Last: | 2.75 | | Change: | 0.02  | | Volume: | 255,309 | | Last Trade: | 13:02 |