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Bullboard - Stock Discussion Forum GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

GoGold Resources Inc. is a Canada-based silver and gold producer. The Company is principally engaged in the exploration, development, and production of silver and gold in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company operates the Parral Tailings mine (Parral) located in the state of Chihuahua, Mexico, and the Los Ricos district... see more

TSX:GGD - Post Discussion

GoGold Resources Inc > Gold and silver volatile
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Post by oilisswell on Dec 01, 2020 12:11pm

Gold and silver volatile

Metal prices have been extremely volatile of late. GGD SP reflecting the uncertainty in the market. The trading volume has been weak, likely helping to keep the SP relatively flat. If the talking heads are merely close, the price of gold and silver will remain firm and GGD et al will move much higher.

We should get another update on LRN soon. Hopefully the results continue to strengthen the resource.
Comment by stockfy on Dec 02, 2020 5:14am
Gold will not see $2,000 again anytime soon, so the gold stocks, producers and explorers, are doomed to correct.  GGD is primarily a silver producer, so it will move sideways for the next months. 
Comment by narmac on Dec 02, 2020 7:10am
,,hummmmmmmm,,,so you are saying that no matter what drill results come out of LRN they will have no effect on GGD share price?.....I dont accept that your position has merit. And dont count charly22 out,,he or she has already proven they can get our share price moving in the direction shareholders enjoy!!!! :o)
Comment by Wvdmme on Dec 02, 2020 8:08am
Silver price will determine the next move up. The better the results were during corrections, the more ggd can move upwards when the metals move. Sentiment is currently very negative. Most negative sinde august 2018 (without a significant drop in price), making it extremely bullish. See: https://twitter.com/WillieDelwiche/status/1333795126825545730?s=20 It can be that correction is over, or that ...more  
Comment by Realtothej on Dec 02, 2020 10:00am
Ggd is now primarily a silver  ---> explorer! They are producers but the main present and future value come from exploration. So like any other explorer future price will be driven by catalysts, which silver price is one of them. LRS PEA is coming soon, more analysts coverage too and steady results from LRN. Adding ounces with good grades and de-risking the project will be the main ...more  
Comment by oilisswell on Dec 02, 2020 6:38pm
Cautious trading and low volumes suggest a base forming in the 1.50's. Agree that catalysts going forward will be metal prices along with proven resources. The Parral process has intrinsic value as well, especially since there are numerous tailings ponds waiting to be exploited. GGD spent time and money developing the process which is profitable and desirable.
Comment by Truffle8piggzzz on Dec 06, 2020 9:08pm
Adding on weakness,base forming setting for a run imho..
Comment by JohnFriesen on Dec 07, 2020 12:28pm
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