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Bullboard - Stock Discussion Forum Goldmoney Inc T.XAU

Alternate Symbol(s):  XAUMF

Goldmoney Inc. is Canada-based company with focus on the real economy. The Company, through its ownership of various operating subsidiaries, is engaged in precious metal sales to its clients, including arranging of precious metals trading to its clients, including arranging for custody and storage of precious metals for its clients. The Company’s segments include Goldmoney.com, SchiffGold, and... see more

TSX:XAU - Post Discussion

Goldmoney Inc > Here is what we know for now-Xaumf
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Post by gocougs on Feb 18, 2021 10:13am

Here is what we know for now-Xaumf

this is all short term for now:

stock failed to hold break out above $3.05 on recent earnings below $3.05 expect stock to chop around 

price spikes get sold down despite 3 quarters of profitability

2 minor insiders sold some stock in the last 3 weeks 

gold getting sold down lately rising rates a headwind for the sector

6 million shares changed hands in 7 weeks yet bulletin board market  makers continue crappy price action both on the way up and down

National Inflation Association probably has influenced trading since recommending the stock in 2021

if and when $3.05 can be broken and maintained to the upside gaps to $5.36 and $6.26 would be upside targets
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