The JUNIORS in GeneralNow I know that Exploration Companies AREN'T Mining Companies----
BUT
You'd think that in light of the current bull market----Gold up again & again---
on Friday, another record all time high, closing up $ 25.20 to sit at $ 1,556---
the juniors in general would show more life in their share prices.
It seems to me to have had little, if any real positive effect. Wonder what happens when the price goes down?
And yes, I know, that the gold----and especially the silver---markets can be very volatile----
but with all that's been going on in the world, and continues to go on,
the rising trend in prices has been going on for quite some time------
sooner or later we are going to get a little "more respect" for this------aren't we?
Maybe it has all to do with the status quo, totally outdated, valuations for "gold in the ground".
I don't follow a ton of exploration stocks-----but at the end of each day I do review about 15 to 20 of them.
Both Gold and Silver exploration companies.
So----I ain't NO GIRU!!!!
However; most of these stocks show a rather similar chart patern.
Yesterday most of them were up just 5 cents or so.
Many of the Silver ones were down a bit.
Go figure----
You can check this out for yourself with the other stocks that YOU follow----I'm probably WRONG.
I don't like to point out and compare other companies to GCU----it is after all GCU's Bullboard.
BUT----for example----
Take a look at TRR Trelawney. This stock is about a dollar more per share than GCU and there are
of course many differences----but compare the two stock charts and the resultant price pattern---the
increase on Friday, the pull back(s). moves, etc.
They sure look similiar to me!!! And both are awaiting drill result News.
My limited observations are probably just co-incidences----or I'm just at totally misguided individual.
I readily admit I am no technician and have very limited experience.
It is though, I think, a good exercise to do every once in a while----to try to put things in perspective,
instead of just concentrating heavily on one stock!
BY THE WAY-----I was right in my post: The FLIP side of the COIN.
Trading volume was extremely low for the day for GCU----Lowest in recent memory-----
Trusty old Cormack----at it again----bit by bit---little by little---inch by inch (the little Engine that Could?)
Boring-------THEN-----
At EXACTLY at 3:04 P.M.----The BIG CROSS CAME-----as called----
Cormack to Cormack----100,000 shares----BINGO----all at $ 3.40 per share.
When you watch every trade going down----both on the TSX Venture AND the ALPHA Exchanges it
almost becomes TOO Predictable.
News EARLY next week? We're OVERDUE, just ask SCOUTAZ!?!!
Hopefully on another "UP DAY" for the Gold Price. That would be nice, but like I said above, does it
really mean anything and have an effect?
BARN BREATH