RE:“Mind the Gap”My apologies Mega ....you hit a nerve with me on the gap being closed.
I do not regard this as reliable with any exploration company and not applicable.
I traded commodities a lot in the 80s and knew every technical analysis of any chart.
With the psychology of the market now most technical anaylsis is just self fulfilling
shanigans by far bigger players.
What is real to me is the lovely dance of fear and greed that goes on in traders heads
that make untimely decisions that bring these chartists dreams come to fruition.
In simplistic terms may I state Fibonacci observed patterns that reoccurred in nature
and is very relatable to chartists. A large move is followed by a 2/3 decline or more
accurately .62 but is subject to interpretation.
My take is that generally from the chart this year NFG moved from $3 and change to
$13.50. That would put a 2/3 retracement roughly to $6.50 or there abouts. This of course
comes with some mindless ambling that will culminate in fear and elimate greed.
This is the beauty of nature that plays out time and time again. I have seen this
pattern before. I do not really believe it will get that low but do believe we may be into
some meandering before we take off just to cause maximum pain. Maybe I am wrong.
The company is solid but if we get a little more softness in the gold price what then?
May we all keep our minds in neutral IKE