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Grande Portage Resources Ltd. V.GPG

Alternate Symbol(s):  GPTRF

Grande Portage Resources Ltd. is a Canada-based mineral exploration company. The Company is focused on the Herbert gold discovery situated approximately 25 kilometers (km) north of Juneau, Alaska. The Company holds a 100% interest in the Herbert property. The Herbert Gold property system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulfide veins. The Herbert Gold project is an exploration stage, partially drill-tested, high-grade, gold mineralized mesothermal quartz vein system in the historic Juneau Gold Belt of southeast Alaska. The project lies prominently within the 160 km long Juneau Gold Belt, which has produced over seven million ounces of gold. The project consists of 91 unpatented mining claims, located 25 km north of Juneau and to the south of Couer Alaska's profitable Kensington gold mine.


TSXV:GPG - Post by User

Post by Teakboison Jul 10, 2020 2:43pm
142 Views
Post# 31253027

This mornings trading........

This mornings trading........IN GPG.......On just 48K shares the price dropped back down to .59.

The next 200K shares took the price to .57/.59. Thats where the buyers are.

So far there continues to be some selling (profit taking) but not a lot. Since 13:13 there has been 2 trade total from either exchange and the spread is 3 cents.

The MM's/algos (what ever they may be) can see all the orders. IMO The move to .64 was pure manipulation.  

IN GOLD.......Today is Friday and it appears traders are taking some profits as gold was headed down even though the dollar was down .33 at 6:55am. At the same time the $ began to rally and is now hitting a resistance level at 96.65 while gold has bounced off short term support and moving higher. 

Yesterday the dollar experienced a death cross (just barely), the 50 day ma breaking below the 200 day ma. This is a bearish technical sign and if confirmed by further downside, and should gold see a short term correction, it is unlikely to go below the support at $1775-$1750. Its possible this mornings low ($1794) is the correction!  Watch the US$!!
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