Many are following the same signals...q5d9tShort Story: play it as you see it, but nobody has a sure answer. Gold on course, HRG could gap up anytime.IMO
As far as anyone getting control for .18 or .20: NOT a HOPE in my opinion. Gold would have to drop big time along with silver. It just would not make sense, and folks could have offered up their stock for more a couple of times previously. So why would they wait now and take less??? Anything is possible, but I doubt that will happen. My bet, at this juncture: they would need to bid above .45 to even have a chance, if even that would work.imo
The validity of a buy signal and more importantly when to sell is an interesting concept. If a mass of people all follow the same signals, now readily available on the internet, from broker software, installed software packages and advisor, "professional services" one has to wonder just how long they can remain useful. Everyone can't do the right thing of course, because for every seller/buyer there has to be someone on the other side who for whatever their reason or "signals" thinks the opposite action is appropriate. They must be getting the wrong "signal"! It is not a zero sum game however, as in theory if value asserts, the cap can go up and many can see a value increase, at least in the shorter term side of the equation.
I like TA, but see a context, and situations where it just does not hold up. After the fact it is 100% always, because the chart says it is so. Before, the actual percentage advantage it gives, is and has been a long running debate.
Right now, my take on gold is far more fundamental in nature. I can see and fully expect the pull backs, and I do think many of these are, yes not only predicted by TA, but almost self occurring by the actions of traders, many of who base their business on these signals. So one does witness the buy and sell points, the percentage pullbacks etc etc. But what folks miss, I think to some extent, is just how precarious things are right now. How things can reverse against the tide very quickly, and catch them, either way. Gold, it is pure insurance, NEVER more so than now, with the potential to move up very sharply. So now have insurance and speculation all rolled into the equation. Try to get that with you insurance policy! Downside for gold, very low, in my opinion at this particular juncture. Long term bull market completely in tact, and has beaten stocks and most everything else for many years now. So when Bloomberg or CNBC folks try and play it down, it is more than humorous. IMO
So I have no problem with anybody following anything they like, and better yet if it proves beneficial. (ie works)
As for HRG: I do not think anything is going to predict exactly when it either takes off and gaps up, slowly climbs, or suffers a setback for some reason. I believe it is simply a value play, with upside surprise potential FAR outweighing the downside over this year. Those who jumped out at .10, .12 and .14 so far havemissed more than they probably could have made, doing nothing. But the story is not over, of course, so we shall see which methodology works best here over time. Nothing wrong with taking a profit of course, I do not say anyone should not do that, whenever they like. My project is focused on a range above $1 as value asserts, gold rises and management makes moves. Others, hopefully have some sort of plan.
Gold now: it can retest mid 800's shake out a few. HRG: it can do anything on news.IMO