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OceanaGold Corp T.OGC

Alternate Symbol(s):  OCANF

OceanaGold Corporation is an intermediate gold and copper producer. It has a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. The gold, copper, and silver it produces are essential to the renewable energy and transport sectors, life-saving medical devices and technology which connects communities around the world. The Didipio gold and copper mine is in Luzon, Philippines. It produces gold and silver as dore bars and copper in concentrate. The Macraes Operation on the South Island of New Zealand is an active gold producing mine. The operation includes a large-scale surface mine, an underground mine, and an adjacent process plant inclusive of an autoclave for pressure oxidation of the ore. Its Waihi Operation in the North Island of New Zealand is an underground operation. The Haile Gold Mine, located in Kershaw, South Carolina, is a gold mine on the East Coast.


TSX:OGC - Post by User

Bullboard Posts
Post by ERTguyon May 03, 2016 11:28pm
82 Views
Post# 24839171

Buy zone should stand between 4.00 - 4.17

Buy zone should stand between 4.00 - 4.17This is a piece of cake at this point.  10 day moving average stands at 4.17, and the lower trendline from the low on January 22nd is where the strong support lies in the upward trajectory.  Currently the price would have to drop to $4 to touch this line however you'll obviously see this support line rise as the days progress.  I will keep my finger close to the trigger tomorrow.  Gold may be pulling back, however as long as gold remains higher for longer this demographically diversified entity is a no brainer.   I'll be watching the DXY closely as I currently see the rise in the dollar since this morning nothing but a dead cat bounce, that's the only reason why gold has pulled back and have seen this exactly same action during the dollar's downward trading channel over the past few months.  Cheers
Bullboard Posts