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Sandstorm Gold Ltd T.SSL

Alternate Symbol(s):  SAND

Sandstorm Gold Ltd. is a Canada-based precious metals-focused streaming and royalty company. The Company is focused on acquiring royalties and gold and other metals. The Company holds a portfolio of over 230 royalties, of which 41 of the underlying mines are producing. Its segments include Antamina, Aurizona, Blyvoor, Bonikro, Caserones, Cerro Moro, Chapada, Fruta del Norte, Hounde, Mercedes, Vale Royalties, and others. Antamina open-pit copper mine located in the Andes Mountain range of Peru, approximately 270 kilometers (km) north of Lima. Aurizona mine is in Brazil. The Blyvoor gold mine is located on the Witwatersrand gold belt, South Africa. The Bonikro gold mine is located in Cote d’Ivoire. Caserones open pit mine is in the Atacama region of Chile. Chapada mine is located 270 km northwest of Brasilia in Goias State, Brazil. Mercedes gold-silver mine in Sonora, Mexico. Black Fox mine and Froome mine are located in Ontario, Canada.


TSX:SSL - Post by User

Bullboard Posts
Post by denisonodon Jun 03, 2013 11:00pm
265 Views
Post# 21479343

The chart

The chart

Looking at the chart: (1) SAND moved above the 50-day MA (7.91) today with the 8.05 close.  (2) The RSI  has moved up to 58.83. This is the first time it has been above 50 since February and subsquent three drops to the 20 area.  Stocks go up and stocks go down.  Based on Friday and today, it looks like SAND is trying to make a positive move.  A close in the 8.30-8.50 area and a subsquent close above 10.30 (the mid-March high) are some key points to watch.  After a double lows (higher low in May than April), we need to make higher highs (first target 8.30) to make this a true turn around.  No predictions, but I am hopeful.  Also, remain on a STRONG BUY under 10.  GL

Bullboard Posts